BVSIX vs. TOWFX

Last updated Jun 24, 2026

BVSIX (Baywood Socially Responsible Fund) and TOWFX (Towpath Focus Fund) are both Large Cap Value Equities funds. Over the past 5 years, BVSIX returned 9.61%/yr vs 11.32%/yr for TOWFX. Their correlation of 0.88 suggests significant overlap in exposure. BVSIX charges 0.89%/yr vs 1.11%/yr for TOWFX.

Performance

BVSIX vs. TOWFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baywood Socially Responsible Fund (BVSIX) and Towpath Focus Fund (TOWFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BVSIX having a 6.57% return and TOWFX slightly lower at 6.31%.

BVSIX

• 1D: 0.27%
• 1M: -0.84%
• YTD: 6.57%
• 6M: 6.15%
• 1Y: 14.68%
• 3Y*: 14.42%
• 5Y*: 9.61%
• 10Y*: 11.27%

TOWFX

• 1D: -0.25%
• 1M: -1.03%
• YTD: 6.31%
• 6M: 5.69%
• 1Y: 22.98%
• 3Y*: 18.30%
• 5Y*: 11.32%
• 10Y*: —

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

BVSIX vs. TOWFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BVSIX Baywood Socially Responsible Fund	6.57%	9.36%	14.58%	12.73%	-0.72%	26.88%	4.25%	0.08%
TOWFX Towpath Focus Fund	6.31%	23.51%	13.22%	12.33%	-2.06%	26.52%	19.46%	0.00%

Correlation

The correlation between BVSIX and TOWFX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.88

The correlation between BVSIX and TOWFX shifts across timeframes, from 0.68 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BVSIX vs. TOWFX — Risk / Return Rank

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

BVSIX

BVSIX Risk / Return Rank: 28
BVSIX Sharpe Ratio Rank: 27
BVSIX Sortino Ratio Rank: 28
BVSIX Omega Ratio Rank: 24
BVSIX Calmar Ratio Rank: 31
BVSIX Martin Ratio Rank: 30

TOWFX

TOWFX Risk / Return Rank: 85
TOWFX Sharpe Ratio Rank: 83
TOWFX Sortino Ratio Rank: 84
TOWFX Omega Ratio Rank: 74
TOWFX Calmar Ratio Rank: 93
TOWFX Martin Ratio Rank: 93

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.

BVSIX vs. TOWFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baywood Socially Responsible Fund (BVSIX) and Towpath Focus Fund (TOWFX). 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.

	BVSIX	TOWFX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.50	-1.13
Sortino ratio: Return per unit of downside risk	2.02	3.66	-1.65
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.96	4.87	-2.90
Martin ratio: Return relative to average drawdown	6.52	18.22	-11.70

BVSIX vs. TOWFX - Sharpe Ratio Comparison

The current BVSIX Sharpe Ratio is 1.37, which is lower than the TOWFX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of BVSIX and TOWFX, 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

BVSIX vs. TOWFX - Drawdown Comparison

The maximum BVSIX drawdown since its inception was -40.73%, smaller than the maximum TOWFX drawdown of -96.18%. Use the drawdown chart below to compare losses from any high point for BVSIX and TOWFX.

Drawdown Indicators

	BVSIX	TOWFX	Difference
Max Drawdown Largest peak-to-trough decline	-40.73%	-96.18%	+55.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-4.72%	-3.14%
Max Drawdown (3Y) Largest decline over 3 years	-15.98%	-96.18%	+80.20%
Max Drawdown (5Y) Largest decline over 5 years	-15.99%	-96.18%	+80.19%
Max Drawdown (10Y) Largest decline over 10 years	-40.73%	—	—
Current Drawdown Current decline from peak	-1.26%	-94.74%	+93.48%
Average Drawdown Average peak-to-trough decline	-8.13%	-23.58%	+15.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	1.26%	+1.10%

Volatility

BVSIX vs. TOWFX - Volatility Comparison

Baywood Socially Responsible Fund (BVSIX) has a higher volatility of 3.03% compared to Towpath Focus Fund (TOWFX) at 2.87%. This indicates that BVSIX's price experiences larger fluctuations and is considered to be riskier than TOWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BVSIX	TOWFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	2.87%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	6.92%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	9.19%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	1,041.97%	-1,027.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	916.34%	-898.35%

BVSIX vs. TOWFX - Expense Ratio Comparison

BVSIX has a 0.89% expense ratio, which is lower than TOWFX's 1.11% expense ratio.

Dividends

BVSIX vs. TOWFX - Dividend Comparison

BVSIX's dividend yield for the trailing twelve months is around 3.53%, more than TOWFX's 1.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BVSIX Baywood Socially Responsible Fund	3.53%	3.64%	4.15%	4.02%	3.75%	4.08%	1.99%	2.44%	10.28%	2.39%	1.19%
TOWFX Towpath Focus Fund	1.72%	1.82%	1.49%	2.81%	2.05%	5.69%	5.94%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BVSIX and TOWFX in my portfolio?

BVSIX and TOWFX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BVSIX or TOWFX?

BVSIX has higher volatility (3.03%) compared to TOWFX (2.87%). In terms of maximum drawdown, BVSIX dropped -40.73% vs TOWFX's -96.18%.

Which has better risk-adjusted returns?

TOWFX currently has the higher Sharpe Ratio (2.50 vs 1.37), 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.