YOVIX vs. APITX

Last updated Jun 23, 2026

YOVIX (Yorktown Small-Cap Fund) and APITX (Yorktown Growth Fund) are both mutual funds - YOVIX is a Small Cap Growth Equities fund managed by Yorktown Funds, while APITX is a Global Equities fund managed by Yorktown Funds. Over the past 10 years, YOVIX returned 10.18%/yr vs 10.73%/yr for APITX. Their correlation of 0.89 suggests significant overlap in exposure. YOVIX charges 1.38%/yr vs 2.04%/yr for APITX.

Performance

YOVIX vs. APITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Yorktown Small-Cap Fund (YOVIX) and Yorktown Growth Fund (APITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YOVIX achieves a 14.14% return, which is significantly lower than APITX's 20.80% return. Over the past 10 years, YOVIX has underperformed APITX with an annualized return of 10.18%, while APITX has yielded a comparatively higher 10.73% annualized return.

YOVIX

• 1D: 3.01%
• 1M: 7.00%
• YTD: 14.14%
• 6M: 10.58%
• 1Y: 21.54%
• 3Y*: 12.56%
• 5Y*: 5.70%
• 10Y*: 10.18%

APITX

• 1D: 1.75%
• 1M: 4.99%
• YTD: 20.80%
• 6M: 17.93%
• 1Y: 34.72%
• 3Y*: 15.78%
• 5Y*: 6.26%
• 10Y*: 10.73%

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

YOVIX vs. APITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YOVIX Yorktown Small-Cap Fund	14.14%	9.64%	6.01%	14.19%	-25.19%	24.76%	30.31%	21.85%	-7.94%	8.83%
APITX Yorktown Growth Fund	20.80%	10.90%	7.34%	19.37%	-26.74%	16.38%	28.59%	30.52%	-14.66%	26.20%

Correlation

The correlation between YOVIX and APITX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 10, 2016	0.89

The correlation between YOVIX and APITX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

YOVIX vs. APITX — Risk / Return Rank

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

YOVIX

YOVIX Risk / Return Rank: 15
YOVIX Sharpe Ratio Rank: 16
YOVIX Sortino Ratio Rank: 16
YOVIX Omega Ratio Rank: 15
YOVIX Calmar Ratio Rank: 15
YOVIX Martin Ratio Rank: 15

APITX

APITX Risk / Return Rank: 46
APITX Sharpe Ratio Rank: 38
APITX Sortino Ratio Rank: 36
APITX Omega Ratio Rank: 35
APITX Calmar Ratio Rank: 63
APITX Martin Ratio Rank: 58

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.

YOVIX vs. APITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Yorktown Small-Cap Fund (YOVIX) and Yorktown Growth Fund (APITX). 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.

	YOVIX	APITX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.68	-0.63
Sortino ratio: Return per unit of downside risk	1.56	2.34	-0.78
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.30	2.93	-1.63
Martin ratio: Return relative to average drawdown	3.90	10.83	-6.92

YOVIX vs. APITX - Sharpe Ratio Comparison

The current YOVIX Sharpe Ratio is 1.05, which is lower than the APITX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of YOVIX and APITX, 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

YOVIX vs. APITX - Drawdown Comparison

The maximum YOVIX drawdown since its inception was -41.82%, smaller than the maximum APITX drawdown of -63.33%. Use the drawdown chart below to compare losses from any high point for YOVIX and APITX.

Drawdown Indicators

	YOVIX	APITX	Difference
Max Drawdown Largest peak-to-trough decline	-41.82%	-63.33%	+21.51%
Max Drawdown (1Y) Largest decline over 1 year	-16.53%	-11.76%	-4.77%
Max Drawdown (3Y) Largest decline over 3 years	-21.72%	-24.80%	+3.08%
Max Drawdown (5Y) Largest decline over 5 years	-33.13%	-35.69%	+2.56%
Max Drawdown (10Y) Largest decline over 10 years	-41.82%	-35.69%	-6.13%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.36%	-14.39%	+4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	3.18%	+2.33%

Volatility

YOVIX vs. APITX - Volatility Comparison

Yorktown Small-Cap Fund (YOVIX) has a higher volatility of 8.21% compared to Yorktown Growth Fund (APITX) at 6.91%. This indicates that YOVIX's price experiences larger fluctuations and is considered to be riskier than APITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YOVIX	APITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	6.91%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	16.29%	16.75%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	20.55%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.27%	21.02%	+1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.73%	19.08%	+3.65%

YOVIX vs. APITX - Expense Ratio Comparison

YOVIX has a 1.38% expense ratio, which is lower than APITX's 2.04% expense ratio.

Dividends

YOVIX vs. APITX - Dividend Comparison

Neither YOVIX nor APITX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APITX Yorktown Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	18.81%	13.95%	9.40%	25.45%	7.74%	1.09%	3.16%
YOVIX Yorktown Small-Cap Fund	0.00%	0.00%	0.00%	0.24%	8.03%	4.61%	0.07%	1.26%	1.01%	17.08%	0.27%	0.00%

Frequently Asked Questions

Can I hold both YOVIX and APITX in my portfolio?

With a correlation of 0.92, YOVIX and APITX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, YOVIX or APITX?

YOVIX has higher volatility (8.21%) compared to APITX (6.91%). In terms of maximum drawdown, YOVIX dropped -41.82% vs APITX's -63.33%.

Which has better risk-adjusted returns?

APITX currently has the higher Sharpe Ratio (1.68 vs 1.04), 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.