BERCX vs. HNMVX

Last updated Aug 4, 2026

BERCX (Chartwell Mid Cap Value Fund) and HNMVX (Harbor Mid Cap Value Fund Retirement Class) are both Mid Cap Value Equities funds. Over the past 10 years, BERCX returned 8.68%/yr vs 11.08%/yr for HNMVX. Their correlation of 0.92 means they have usually moved in the same direction. BERCX charges 0.90%/yr vs 0.77%/yr for HNMVX.

Performance

BERCX vs. HNMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chartwell Mid Cap Value Fund (BERCX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BERCX achieves a 12.84% return, which is significantly lower than HNMVX's 23.70% return. Over the past 10 years, BERCX has underperformed HNMVX with an annualized return of 8.68%, while HNMVX has yielded a comparatively higher 11.08% annualized return.

BERCX

• 1D: -0.32%
• 1M: 0.48%
• 6M: 6.69%
• YTD: 12.84%
• 1Y: 22.33%
• 3Y*: 11.93%
• 5Y*: 7.88%
• 10Y*: 8.68%
• ALL TIME*: 7.35%

HNMVX

• 1D: -0.41%
• 1M: 3.16%
• 6M: 16.17%
• YTD: 23.70%
• 1Y: 40.62%
• 3Y*: 19.16%
• 5Y*: 13.21%
• 10Y*: 11.08%
• ALL TIME*: 11.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BERCX Chartwell Mid Cap Value Fund	$0.00	$0.00	$0.00
HNMVX Harbor Mid Cap Value Fund Retirement Class	$0.00	$0.00	$0.00

BERCX vs. HNMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BERCX Chartwell Mid Cap Value Fund	12.84%	11.77%	11.35%	6.93%	-11.61%	27.30%	-3.83%	23.31%	-10.92%	16.98%
HNMVX Harbor Mid Cap Value Fund Retirement Class	23.70%	16.06%	12.22%	16.52%	-5.58%	30.06%	-3.70%	23.06%	-17.76%	12.09%

Correlation

The correlation between BERCX and HNMVX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Mar 1, 2016	0.92

The correlation between BERCX and HNMVX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

BERCX vs. HNMVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BERCX

BERCX Risk / Return Rank: 41
BERCX Sharpe Ratio Rank: 38
BERCX Sortino Ratio Rank: 43
BERCX Omega Ratio Rank: 38
BERCX Calmar Ratio Rank: 43
BERCX Martin Ratio Rank: 40

HNMVX

HNMVX Risk / Return Rank: 97
HNMVX Sharpe Ratio Rank: 98
HNMVX Sortino Ratio Rank: 97
HNMVX Omega Ratio Rank: 95
HNMVX Calmar Ratio Rank: 98
HNMVX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BERCX vs. HNMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chartwell Mid Cap Value Fund (BERCX) and Harbor Mid Cap Value Fund Retirement Class (HNMVX). 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.

	BERCX	HNMVX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	3.01	-1.73
Sortino ratio: Return per unit of downside risk	1.98	4.38	-2.40
Omega ratio: Gain probability vs. loss probability	1.23	1.54	-0.30
Calmar ratio: Return relative to maximum drawdown	1.84	5.71	-3.88
Martin ratio: Return relative to average drawdown	6.26	21.49	-15.23

BERCX vs. HNMVX - Sharpe Ratio Comparison

The current BERCX Sharpe Ratio is 1.28, which is lower than the HNMVX Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of BERCX and HNMVX, 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

BERCX vs. HNMVX - Drawdown Comparison

The maximum BERCX drawdown since its inception was -52.71%, roughly equal to the maximum HNMVX drawdown of -51.33%. Use the drawdown chart below to compare losses from any high point for BERCX and HNMVX.

Drawdown Indicators

	BERCX	HNMVX	Difference
Max Drawdown Largest peak-to-trough decline	-52.71%	-51.33%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-6.84%	-4.61%
Max Drawdown (3Y) Largest decline over 3 years	-19.57%	-21.00%	+1.43%
Max Drawdown (5Y) Largest decline over 5 years	-22.04%	-21.00%	-1.04%
Max Drawdown (10Y) Largest decline over 10 years	-42.41%	-51.33%	+8.92%
Current Drawdown Current decline from peak	-1.05%	-1.31%	+0.26%
Average Drawdown Average peak-to-trough decline	-7.49%	-7.02%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	1.82%	+1.54%

Volatility

BERCX vs. HNMVX - Volatility Comparison

Chartwell Mid Cap Value Fund (BERCX) has a higher volatility of 3.92% compared to Harbor Mid Cap Value Fund Retirement Class (HNMVX) at 2.94%. This indicates that BERCX's price experiences larger fluctuations and is considered to be riskier than HNMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BERCX	HNMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	2.94%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	12.17%	8.87%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.55%	13.01%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.32%	18.70%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	21.84%	-2.70%

BERCX vs. HNMVX - Expense Ratio Comparison

BERCX has a 0.90% expense ratio, which is higher than HNMVX's 0.77% expense ratio.

Dividends

BERCX vs. HNMVX - Dividend Comparison

BERCX's dividend yield for the trailing twelve months is around 11.27%, more than HNMVX's 7.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERCX Chartwell Mid Cap Value Fund	11.27%	12.71%	13.39%	3.20%	1.12%	0.60%	1.12%	2.08%	8.03%	23.00%	3.32%	0.92%
HNMVX Harbor Mid Cap Value Fund Retirement Class	7.09%	8.77%	5.87%	7.28%	8.35%	1.35%	2.43%	3.21%	8.52%	3.91%	3.11%	0.00%

Frequently Asked Questions

Can I hold both BERCX and HNMVX in my portfolio?

BERCX and HNMVX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BERCX or HNMVX?

BERCX has higher volatility (3.92%) compared to HNMVX (2.94%). In terms of maximum drawdown, BERCX dropped -52.71% vs HNMVX's -51.33%.

Which has better risk-adjusted returns?

HNMVX currently has the higher Sharpe Ratio (3.01 vs 1.28), 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.