BOSOX vs. BTSMX

Last updated Jun 4, 2026

BOSOX (Boston Trust Small Cap Fund) and BTSMX (Boston Trust SMID Cap Fund) are both mutual funds - BOSOX is a Small Cap Blend Equities fund managed by Boston Trust Walden, while BTSMX is a Mid Cap Blend Equities fund managed by Boston Trust Walden. Over the past 10 years, BOSOX returned 10.23%/yr vs 10.39%/yr for BTSMX. With a 0.96 correlation, they move nearly in lockstep. BOSOX charges 1.00%/yr vs 0.75%/yr for BTSMX.

Performance

BOSOX vs. BTSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Trust Small Cap Fund (BOSOX) and Boston Trust SMID Cap Fund (BTSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOSOX achieves a 6.63% return, which is significantly higher than BTSMX's 2.24% return. Both investments have delivered pretty close results over the past 10 years, with BOSOX having a 10.23% annualized return and BTSMX not far ahead at 10.39%.

BOSOX

• 1D: 0.80%
• 1M: 2.85%
• YTD: 6.63%
• 6M: 4.71%
• 1Y: 6.71%
• 3Y*: 7.74%
• 5Y*: 4.92%
• 10Y*: 10.23%

BTSMX

• 1D: -0.20%
• 1M: 1.17%
• YTD: 2.24%
• 6M: 2.85%
• 1Y: 5.95%
• 3Y*: 8.60%
• 5Y*: 5.60%
• 10Y*: 10.39%

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

BOSOX vs. BTSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOSOX Boston Trust Small Cap Fund	6.63%	-4.04%	12.52%	10.09%	-9.05%	28.10%	8.27%	38.35%	-6.01%	12.24%
BTSMX Boston Trust SMID Cap Fund	2.24%	0.72%	10.16%	13.14%	-12.02%	35.06%	8.27%	30.51%	-5.63%	17.69%

Correlation

The correlation between BOSOX and BTSMX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011	0.96

The correlation between BOSOX and BTSMX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

BOSOX vs. BTSMX — Risk / Return Rank

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

BOSOX

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

BTSMX

BTSMX Risk / Return Rank: 6
BTSMX Sharpe Ratio Rank: 5
BTSMX Sortino Ratio Rank: 6
BTSMX Omega Ratio Rank: 5
BTSMX Calmar Ratio Rank: 6
BTSMX 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.

BOSOX vs. BTSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Trust Small Cap Fund (BOSOX) and Boston Trust SMID Cap Fund (BTSMX). 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.

	BOSOX	BTSMX	Difference
Sharpe ratio Return per unit of total volatility	0.53	0.44	+0.09
Sortino ratio Return per unit of downside risk	0.89	0.75	+0.14
Omega ratio Gain probability vs. loss probability	1.10	1.08	+0.02
Calmar ratio Return relative to maximum drawdown	0.74	0.59	+0.16
Martin ratio Return relative to average drawdown	2.22	1.64	+0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOSOX vs. BTSMX - Sharpe Ratio Comparison

The current BOSOX Sharpe Ratio is 0.53, which is comparable to the BTSMX Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of BOSOX and BTSMX, 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

	BOSOX	BTSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.44	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.34	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.57	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.60	-0.18

Drawdowns

BOSOX vs. BTSMX - Drawdown Comparison

The maximum BOSOX drawdown since its inception was -51.32%, which is greater than BTSMX's maximum drawdown of -38.04%. Use the drawdown chart below to compare losses from any high point for BOSOX and BTSMX.

Drawdown Indicators

	BOSOX	BTSMX	Difference
Max Drawdown Largest peak-to-trough decline	-51.32%	-38.04%	-13.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.69%	-8.74%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-20.28%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-22.36%	-21.46%	-0.90%
Max Drawdown (10Y) Largest decline over 10 years	-36.79%	-38.04%	+1.25%
Current Drawdown Current decline from peak	-6.67%	-5.11%	-1.56%
Average Drawdown Average peak-to-trough decline	-7.27%	-4.99%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	3.12%	+0.45%

Volatility

BOSOX vs. BTSMX - Volatility Comparison

Boston Trust Small Cap Fund (BOSOX) has a higher volatility of 3.90% compared to Boston Trust SMID Cap Fund (BTSMX) at 2.62%. This indicates that BOSOX's price experiences larger fluctuations and is considered to be riskier than BTSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOSOX	BTSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	2.62%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	8.33%	+1.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	12.64%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	16.76%	+1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.56%	18.38%	+1.18%

BOSOX vs. BTSMX - Expense Ratio Comparison

BOSOX has a 1.00% expense ratio, which is higher than BTSMX's 0.75% expense ratio.

Dividends

BOSOX vs. BTSMX - Dividend Comparison

BOSOX's dividend yield for the trailing twelve months is around 4.14%, more than BTSMX's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOSOX Boston Trust Small Cap Fund	4.14%	4.41%	6.52%	0.78%	5.09%	8.93%	2.56%	12.46%	16.19%	9.13%	3.14%	18.92%
BTSMX Boston Trust SMID Cap Fund	2.01%	2.05%	2.20%	0.79%	4.15%	6.35%	0.77%	6.33%	1.95%	0.47%	6.36%	7.34%

Frequently Asked Questions

Can I hold both BOSOX and BTSMX in my portfolio?

With a correlation of 0.91, BOSOX and BTSMX 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, BOSOX or BTSMX?

BOSOX has higher volatility (3.90%) compared to BTSMX (2.62%). In terms of maximum drawdown, BOSOX dropped -51.32% vs BTSMX's -38.04%.

Which has better risk-adjusted returns?

BOSOX currently has the higher Sharpe Ratio (0.53 vs 0.44), 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.