VVOIX vs. KSMIX

Last updated Jun 24, 2026

VVOIX (Invesco Value Opportunities Fund Class Y) and KSMIX (Keeley Small-Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, VVOIX returned 17.56%/yr vs 11.28%/yr for KSMIX. Their correlation of 0.88 suggests significant overlap in exposure. VVOIX charges 0.77%/yr vs 1.18%/yr for KSMIX.

Performance

VVOIX vs. KSMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Value Opportunities Fund Class Y (VVOIX) and Keeley Small-Mid Cap Value Fund (KSMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VVOIX achieves a 24.28% return, which is significantly higher than KSMIX's 15.42% return. Over the past 10 years, VVOIX has outperformed KSMIX with an annualized return of 17.56%, while KSMIX has yielded a comparatively lower 11.28% annualized return.

VVOIX

• 1D: 1.31%
• 1M: 5.05%
• YTD: 24.28%
• 6M: 22.41%
• 1Y: 48.57%
• 3Y*: 31.89%
• 5Y*: 19.76%
• 10Y*: 17.56%

KSMIX

• 1D: 0.10%
• 1M: 2.34%
• YTD: 15.42%
• 6M: 13.90%
• 1Y: 26.94%
• 3Y*: 18.52%
• 5Y*: 9.27%
• 10Y*: 11.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VVOIX vs. KSMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VVOIX Invesco Value Opportunities Fund Class Y	24.28%	20.54%	30.36%	15.40%	1.68%	35.87%	5.73%	30.20%	-19.74%	17.36%
KSMIX Keeley Small-Mid Cap Value Fund	15.42%	9.86%	14.18%	19.43%	-12.85%	26.28%	0.79%	31.89%	-17.49%	18.26%

Correlation

The correlation between VVOIX and KSMIX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 16, 2007	0.88

The correlation between VVOIX and KSMIX shifts across timeframes, from 0.79 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

VVOIX vs. KSMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VVOIX

VVOIX Risk / Return Rank: 85
VVOIX Sharpe Ratio Rank: 86
VVOIX Sortino Ratio Rank: 75
VVOIX Omega Ratio Rank: 74
VVOIX Calmar Ratio Rank: 95
VVOIX Martin Ratio Rank: 93

KSMIX

KSMIX Risk / Return Rank: 50
KSMIX Sharpe Ratio Rank: 43
KSMIX Sortino Ratio Rank: 45
KSMIX Omega Ratio Rank: 40
KSMIX Calmar Ratio Rank: 65
KSMIX Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VVOIX vs. KSMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund Class Y (VVOIX) and Keeley Small-Mid Cap Value Fund (KSMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VVOIX	KSMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.78	+0.81
Sortino ratio: Return per unit of downside risk	3.30	2.60	+0.70
Omega ratio: Gain probability vs. loss probability	1.44	1.31	+0.13
Calmar ratio: Return relative to maximum drawdown	5.42	2.96	+2.46
Martin ratio: Return relative to average drawdown	18.63	10.89	+7.75

VVOIX vs. KSMIX - Sharpe Ratio Comparison

The current VVOIX Sharpe Ratio is 2.60, which is higher than the KSMIX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of VVOIX and KSMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VVOIX vs. KSMIX - Drawdown Comparison

The maximum VVOIX drawdown since its inception was -61.77%, smaller than the maximum KSMIX drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for VVOIX and KSMIX.

Drawdown Indicators

	VVOIX	KSMIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-67.52%	+5.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-9.49%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-24.01%	-29.45%	+5.44%
Max Drawdown (5Y) Largest decline over 5 years	-24.01%	-29.45%	+5.44%
Max Drawdown (10Y) Largest decline over 10 years	-51.52%	-52.10%	+0.58%
Current Drawdown Current decline from peak	-0.64%	-0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-11.88%	-11.02%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.57%	+0.09%

Volatility

VVOIX vs. KSMIX - Volatility Comparison

Invesco Value Opportunities Fund Class Y (VVOIX) has a higher volatility of 8.68% compared to Keeley Small-Mid Cap Value Fund (KSMIX) at 3.92%. This indicates that VVOIX's price experiences larger fluctuations and is considered to be riskier than KSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVOIX	KSMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.68%	3.92%	+4.76%
Volatility (6M) Calculated over the trailing 6-month period	15.15%	11.17%	+3.98%
Volatility (1Y) Calculated over the trailing 1-year period	19.16%	15.76%	+3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.32%	21.70%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.27%	24.06%	+0.21%

VVOIX vs. KSMIX - Expense Ratio Comparison

VVOIX has a 0.77% expense ratio, which is lower than KSMIX's 1.18% expense ratio.

Dividends

VVOIX vs. KSMIX - Dividend Comparison

VVOIX's dividend yield for the trailing twelve months is around 8.52%, less than KSMIX's 8.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KSMIX Keeley Small-Mid Cap Value Fund	8.78%	10.14%	14.14%	9.24%	15.42%	28.48%	5.46%	18.92%	14.34%	11.18%	8.70%	4.14%
VVOIX Invesco Value Opportunities Fund Class Y	8.52%	10.59%	7.94%	2.26%	10.02%	9.16%	0.49%	1.94%	15.42%	5.12%	1.10%	16.04%

Frequently Asked Questions

Can I hold both VVOIX and KSMIX in my portfolio?

VVOIX and KSMIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VVOIX or KSMIX?

VVOIX has higher volatility (8.68%) compared to KSMIX (3.92%). In terms of maximum drawdown, VVOIX dropped -61.77% vs KSMIX's -67.52%.

Which has better risk-adjusted returns?

VVOIX currently has the higher Sharpe Ratio (2.60 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.