BTEFX vs. BTSMX

Last updated Jun 23, 2026

BTEFX (Boston Trust Equity Fund) and BTSMX (Boston Trust SMID Cap Fund) are both mutual funds - BTEFX is a Large 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, BTEFX returned 11.95%/yr vs 10.95%/yr for BTSMX. Their correlation of 0.87 suggests significant overlap in exposure. BTEFX charges 0.85%/yr vs 0.75%/yr for BTSMX.

Performance

BTEFX vs. BTSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Trust Equity Fund (BTEFX) 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, BTEFX achieves a 2.09% return, which is significantly lower than BTSMX's 4.31% return. Over the past 10 years, BTEFX has outperformed BTSMX with an annualized return of 11.95%, while BTSMX has yielded a comparatively lower 10.95% annualized return.

BTEFX

• 1D: 0.00%
• 1M: -2.05%
• YTD: 2.09%
• 6M: 1.82%
• 1Y: 12.64%
• 3Y*: 10.28%
• 5Y*: 8.26%
• 10Y*: 11.95%

BTSMX

• 1D: 0.23%
• 1M: 1.75%
• YTD: 4.31%
• 6M: 2.81%
• 1Y: 6.99%
• 3Y*: 9.33%
• 5Y*: 6.13%
• 10Y*: 10.95%

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

BTEFX vs. BTSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTEFX Boston Trust Equity Fund	2.09%	8.85%	13.70%	17.29%	-14.15%	29.74%	14.66%	31.87%	-2.55%	18.76%
BTSMX Boston Trust SMID Cap Fund	4.31%	0.72%	10.16%	13.14%	-12.02%	35.06%	8.27%	30.51%	-5.63%	17.69%

Correlation

The correlation between BTEFX and BTSMX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 1, 2011	0.87

The correlation between BTEFX and BTSMX shifts across timeframes, from 0.69 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BTEFX vs. BTSMX — Risk / Return Rank

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

BTEFX

BTEFX Risk / Return Rank: 21
BTEFX Sharpe Ratio Rank: 21
BTEFX Sortino Ratio Rank: 21
BTEFX Omega Ratio Rank: 20
BTEFX Calmar Ratio Rank: 18
BTEFX Martin Ratio Rank: 27

BTSMX

BTSMX Risk / Return Rank: 9
BTSMX Sharpe Ratio Rank: 9
BTSMX Sortino Ratio Rank: 9
BTSMX Omega Ratio Rank: 8
BTSMX Calmar Ratio Rank: 11
BTSMX Martin Ratio Rank: 10

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.

BTEFX vs. BTSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Trust Equity Fund (BTEFX) 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.

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.

	BTEFX	BTSMX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.68	+0.55
Sortino ratio: Return per unit of downside risk	1.77	1.11	+0.66
Omega ratio: Gain probability vs. loss probability	1.22	1.13	+0.09
Calmar ratio: Return relative to maximum drawdown	1.44	0.98	+0.46
Martin ratio: Return relative to average drawdown	5.91	2.74	+3.17

BTEFX vs. BTSMX - Sharpe Ratio Comparison

The current BTEFX Sharpe Ratio is 1.23, which is higher than the BTSMX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of BTEFX 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.

Drawdowns

BTEFX vs. BTSMX - Drawdown Comparison

The maximum BTEFX drawdown since its inception was -47.71%, which is greater than BTSMX's maximum drawdown of -38.04%. Use the drawdown chart below to compare losses from any high point for BTEFX and BTSMX.

Drawdown Indicators

	BTEFX	BTSMX	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-38.04%	-9.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-8.74%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.59%	-20.28%	+3.69%
Max Drawdown (5Y) Largest decline over 5 years	-23.03%	-21.46%	-1.57%
Max Drawdown (10Y) Largest decline over 10 years	-32.83%	-38.04%	+5.21%
Current Drawdown Current decline from peak	-2.32%	-3.19%	+0.87%
Average Drawdown Average peak-to-trough decline	-5.56%	-4.99%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	3.13%	-1.08%

Volatility

BTEFX vs. BTSMX - Volatility Comparison

Boston Trust Equity Fund (BTEFX) and Boston Trust SMID Cap Fund (BTSMX) have volatilities of 3.00% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTEFX	BTSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	3.15%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	8.51%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	9.89%	12.68%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.19%	16.76%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	18.38%	-1.38%

BTEFX vs. BTSMX - Expense Ratio Comparison

BTEFX has a 0.85% expense ratio, which is higher than BTSMX's 0.75% expense ratio.

Dividends

BTEFX vs. BTSMX - Dividend Comparison

BTEFX's dividend yield for the trailing twelve months is around 7.18%, more than BTSMX's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTEFX Boston Trust Equity Fund	7.18%	7.33%	2.50%	1.54%	3.16%	2.65%	2.91%	1.01%	1.80%	0.98%	6.71%	7.63%
BTSMX Boston Trust SMID Cap Fund	1.97%	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 BTEFX and BTSMX in my portfolio?

BTEFX and BTSMX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTEFX or BTSMX?

BTSMX has higher volatility (3.15%) compared to BTEFX (3.00%). In terms of maximum drawdown, BTEFX dropped -47.71% vs BTSMX's -38.04%.

Which has better risk-adjusted returns?

BTEFX currently has the higher Sharpe Ratio (1.23 vs 0.68), 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.