ZVNBX vs. ZVGNX

Last updated Jun 6, 2026

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

Performance

ZVNBX vs. ZVGNX - Performance Comparison

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

Returns By Period

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

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%

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%

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

ZVNBX vs. ZVGNX - Yearly Performance Comparison

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

Correlation

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

Return for Risk

ZVNBX vs. ZVGNX — Risk / Return Rank

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

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

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

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.

ZVNBX vs. ZVGNX - Risk-Adjusted Trends Comparison

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

	ZVNBX	ZVGNX	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.56	-0.24
Sortino ratio: Return per unit of downside risk	0.59	0.92	-0.33
Omega ratio: Gain probability vs. loss probability	1.07	1.11	-0.04
Calmar ratio: Return relative to maximum drawdown	0.28	0.48	-0.20
Martin ratio: Return relative to average drawdown	0.72	1.14	-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.

ZVNBX vs. ZVGNX - Sharpe Ratio Comparison

The current ZVNBX Sharpe Ratio is 0.32, which is lower than the ZVGNX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of ZVNBX and ZVGNX, 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

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

Drawdowns

ZVNBX vs. ZVGNX - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

ZVNBX vs. ZVGNX - Volatility Comparison

The current volatility for Zevenbergen Growth Fund (ZVNBX) is 6.09%, while Zevenbergen Genea Fund (ZVGNX) has a volatility of 7.40%. This indicates that ZVNBX experiences smaller price fluctuations and is considered to be less risky than ZVGNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

ZVNBX vs. ZVGNX - Expense Ratio Comparison

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

Dividends

ZVNBX vs. ZVGNX - Dividend Comparison

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

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 ZVNBX and ZVGNX in my portfolio?

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

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

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.