BTEFX vs. WSEFX

Last updated Jul 14, 2026

BTEFX (Boston Trust Equity Fund) and WSEFX (Boston Trust Walden Equity Fund) are both Large Cap Blend Equities funds from Boston Trust Walden. Over the past 10 years, BTEFX returned 11.87%/yr vs 12.37%/yr for WSEFX. With a 0.98 correlation, they move nearly in lockstep. BTEFX charges 0.85%/yr vs 1.00%/yr for WSEFX.

Performance

BTEFX vs. WSEFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Trust Equity Fund (BTEFX) and Boston Trust Walden Equity Fund (WSEFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTEFX achieves a 4.60% return, which is significantly lower than WSEFX's 10.77% return. Both investments have delivered pretty close results over the past 10 years, with BTEFX having a 11.87% annualized return and WSEFX not far ahead at 12.37%.

BTEFX

• 1D: 0.53%
• 1M: 2.08%
• 6M: 2.37%
• YTD: 4.60%
• 1Y: 10.88%
• 3Y*: 11.09%
• 5Y*: 7.50%
• 10Y*: 11.87%

WSEFX

• 1D: 0.47%
• 1M: 2.00%
• 6M: 8.39%
• YTD: 10.77%
• 1Y: 23.87%
• 3Y*: 13.67%
• 5Y*: 8.61%
• 10Y*: 12.37%

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

BTEFX vs. WSEFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTEFX Boston Trust Equity Fund	4.60%	8.85%	13.70%	17.29%	-14.15%	29.74%	14.66%	31.87%	-2.55%	18.76%
WSEFX Boston Trust Walden Equity Fund	10.77%	13.26%	9.78%	16.31%	-13.53%	27.97%	13.57%	35.43%	-2.54%	15.84%

Correlation

The correlation between BTEFX and WSEFX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 1, 2003	0.98

The correlation between BTEFX and WSEFX shifts across timeframes, from 0.87 (1 year) to 0.98 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BTEFX vs. WSEFX — Risk / Return Rank

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

BTEFX

BTEFX Risk / Return Rank: 24
BTEFX Sharpe Ratio Rank: 24
BTEFX Sortino Ratio Rank: 24
BTEFX Omega Ratio Rank: 23
BTEFX Calmar Ratio Rank: 21
BTEFX Martin Ratio Rank: 28

WSEFX

WSEFX Risk / Return Rank: 79
WSEFX Sharpe Ratio Rank: 80
WSEFX Sortino Ratio Rank: 79
WSEFX Omega Ratio Rank: 77
WSEFX Calmar Ratio Rank: 75
WSEFX Martin Ratio Rank: 86

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. WSEFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Trust Equity Fund (BTEFX) and Boston Trust Walden Equity Fund (WSEFX). 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	WSEFX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.06	-1.02
Sortino ratio: Return per unit of downside risk	1.52	2.95	-1.43
Omega ratio: Gain probability vs. loss probability	1.19	1.38	-0.19
Calmar ratio: Return relative to maximum drawdown	1.24	2.71	-1.47
Martin ratio: Return relative to average drawdown	4.93	12.28	-7.35

BTEFX vs. WSEFX - Sharpe Ratio Comparison

The current BTEFX Sharpe Ratio is 1.04, which is lower than the WSEFX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of BTEFX and WSEFX, 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. WSEFX - Drawdown Comparison

The maximum BTEFX drawdown since its inception was -47.71%, roughly equal to the maximum WSEFX drawdown of -48.02%. Use the drawdown chart below to compare losses from any high point for BTEFX and WSEFX.

Drawdown Indicators

	BTEFX	WSEFX	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-48.02%	+0.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-8.65%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-16.59%	-17.49%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	-23.03%	-21.99%	-1.04%
Max Drawdown (10Y) Largest decline over 10 years	-32.83%	-33.50%	+0.67%
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-5.55%	-6.06%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.91%	+0.21%

Volatility

BTEFX vs. WSEFX - Volatility Comparison

Boston Trust Equity Fund (BTEFX) and Boston Trust Walden Equity Fund (WSEFX) have volatilities of 3.57% and 3.46%, 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	WSEFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.46%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.66%	8.81%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	10.00%	11.37%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	15.60%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	17.23%	-0.29%

BTEFX vs. WSEFX - Expense Ratio Comparison

BTEFX has a 0.85% expense ratio, which is lower than WSEFX's 1.00% expense ratio.

Dividends

BTEFX vs. WSEFX - Dividend Comparison

BTEFX's dividend yield for the trailing twelve months is around 7.00%, less than WSEFX's 10.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTEFX Boston Trust Equity Fund	7.00%	7.33%	2.50%	1.54%	3.16%	2.65%	2.91%	1.01%	1.80%	0.98%	6.71%	7.63%
WSEFX Boston Trust Walden Equity Fund	10.43%	11.55%	4.95%	2.99%	3.31%	2.24%	4.15%	5.27%	2.20%	0.92%	3.39%	6.82%

Frequently Asked Questions

Can I hold both BTEFX and WSEFX in my portfolio?

BTEFX and WSEFX have a correlation of 0.87, 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 WSEFX?

BTEFX has higher volatility (3.57%) compared to WSEFX (3.46%). In terms of maximum drawdown, BTEFX dropped -47.71% vs WSEFX's -48.02%.

Which has better risk-adjusted returns?

WSEFX currently has the higher Sharpe Ratio (2.06 vs 1.04), 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.