ZVGNX vs. ZVNBX

Last updated Jun 6, 2026

ZVGNX (Zevenbergen Genea Fund) and ZVNBX (Zevenbergen Growth Fund) are both Large Cap Growth Equities funds from Zevenbergen Capital Investments. Over the past 10 years, ZVGNX returned 20.29%/yr vs 16.83%/yr for ZVNBX. With a 0.97 correlation, they move nearly in lockstep. Both charge a 1.30% expense ratio.

Performance

ZVGNX vs. ZVNBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zevenbergen Genea Fund (ZVGNX) and Zevenbergen Growth Fund (ZVNBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZVGNX achieves a 7.15% return, which is significantly higher than ZVNBX's 5.06% return. Over the past 10 years, ZVGNX has outperformed ZVNBX with an annualized return of 20.29%, while ZVNBX has yielded a comparatively lower 16.83% annualized return.

ZVGNX

• 1D: 0.83%
• 1M: 14.26%
• YTD: 7.15%
• 6M: 3.88%
• 1Y: 16.96%
• 3Y*: 24.78%
• 5Y*: 4.43%
• 10Y*: 20.29%

ZVNBX

• 1D: 0.98%
• 1M: 7.05%
• YTD: 5.06%
• 6M: 2.06%
• 1Y: 8.63%
• 3Y*: 20.81%
• 5Y*: 3.51%
• 10Y*: 16.83%

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

ZVGNX vs. ZVNBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZVGNX Zevenbergen Genea Fund	7.15%	15.60%	34.37%	71.41%	-58.89%	-4.33%	144.29%	28.33%	10.78%	51.69%
ZVNBX Zevenbergen Growth Fund	5.06%	9.93%	34.10%	63.92%	-54.79%	-9.19%	123.87%	37.73%	5.88%	33.71%

Correlation

The correlation between ZVGNX and ZVNBX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 3, 2015	0.97

The correlation between ZVGNX and ZVNBX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

ZVGNX vs. ZVNBX — Risk / Return Rank

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

ZVGNX

ZVGNX Risk / Return Rank: 7
ZVGNX Sharpe Ratio Rank: 8
ZVGNX Sortino Ratio Rank: 8
ZVGNX Omega Ratio Rank: 8
ZVGNX Calmar Ratio Rank: 6
ZVGNX Martin Ratio Rank: 6

ZVNBX

ZVNBX Risk / Return Rank: 5
ZVNBX Sharpe Ratio Rank: 5
ZVNBX Sortino Ratio Rank: 5
ZVNBX Omega Ratio Rank: 5
ZVNBX Calmar Ratio Rank: 5
ZVNBX Martin Ratio Rank: 5

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.

ZVGNX vs. ZVNBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zevenbergen Genea Fund (ZVGNX) and Zevenbergen Growth Fund (ZVNBX). 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.

	ZVGNX	ZVNBX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	0.32	+0.24
Sortino ratio: Return per unit of downside risk	0.92	0.59	+0.33
Omega ratio: Gain probability vs. loss probability	1.11	1.07	+0.04
Calmar ratio: Return relative to maximum drawdown	0.48	0.28	+0.20
Martin ratio: Return relative to average drawdown	1.14	0.72	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZVGNX vs. ZVNBX - Sharpe Ratio Comparison

The current ZVGNX Sharpe Ratio is 0.56, which is higher than the ZVNBX Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of ZVGNX and ZVNBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZVGNX	ZVNBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.32	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.10	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.52	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.47	+0.06

Drawdowns

ZVGNX vs. ZVNBX - Drawdown Comparison

The maximum ZVGNX drawdown since its inception was -68.81%, roughly equal to the maximum ZVNBX drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for ZVGNX and ZVNBX.

Drawdown Indicators

	ZVGNX	ZVNBX	Difference
Max Drawdown Largest peak-to-trough decline	-68.81%	-66.30%	-2.51%
Max Drawdown (1Y) Largest decline over 1 year	-32.10%	-26.79%	-5.31%
Max Drawdown (3Y) Largest decline over 3 years	-32.10%	-30.14%	-1.96%
Max Drawdown (5Y) Largest decline over 5 years	-66.62%	-63.28%	-3.34%
Max Drawdown (10Y) Largest decline over 10 years	-68.81%	-66.30%	-2.51%
Current Drawdown Current decline from peak	-6.92%	-11.37%	+4.45%
Average Drawdown Average peak-to-trough decline	-20.75%	-19.82%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.60%	10.37%	+3.23%

Volatility

ZVGNX vs. ZVNBX - Volatility Comparison

Zevenbergen Genea Fund (ZVGNX) has a higher volatility of 7.40% compared to Zevenbergen Growth Fund (ZVNBX) at 6.09%. This indicates that ZVGNX's price experiences larger fluctuations and is considered to be riskier than ZVNBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZVGNX	ZVNBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	6.09%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	21.59%	17.91%	+3.68%
Volatility (1Y) Calculated over the trailing 1-year period	27.65%	23.13%	+4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.93%	35.51%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.36%	32.37%	+2.99%

ZVGNX vs. ZVNBX - Expense Ratio Comparison

Both ZVGNX and ZVNBX have an expense ratio of 1.30%.

Dividends

ZVGNX vs. ZVNBX - Dividend Comparison

ZVGNX has not paid dividends to shareholders, while ZVNBX's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ZVGNX Zevenbergen Genea Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%
ZVNBX Zevenbergen Growth Fund	1.20%	1.26%	0.00%	0.00%	0.00%	1.95%	0.07%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZVGNX and ZVNBX in my portfolio?

With a correlation of 0.94, ZVGNX and ZVNBX 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, ZVGNX or ZVNBX?

ZVGNX has higher volatility (7.40%) compared to ZVNBX (6.09%). In terms of maximum drawdown, ZVGNX dropped -68.81% vs ZVNBX's -66.30%.

Which has better risk-adjusted returns?

ZVGNX currently has the higher Sharpe Ratio (0.56 vs 0.32), 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.