CMALX vs. BRUFX
CMALX (Crawford Multi-Asset Income Fund) and BRUFX (Bruce Fund) are both Diversified Portfolio funds. Over the past 5 years, CMALX returned 6.69%/yr vs 5.98%/yr for BRUFX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. CMALX charges 1.00%/yr vs 0.68%/yr for BRUFX.
Performance
CMALX vs. BRUFX - Performance Comparison
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Returns By Period
In the year-to-date period, CMALX achieves a 9.01% return, which is significantly lower than BRUFX's 16.02% return.
CMALX
- 1D
- -0.61%
- 1M
- 0.33%
- 6M
- 5.38%
- YTD
- 9.01%
- 1Y
- 10.57%
- 3Y*
- 9.50%
- 5Y*
- 6.69%
- 10Y*
- —
- ALL TIME*
- 5.89%
BRUFX
- 1D
- -0.39%
- 1M
- 0.09%
- 6M
- 11.25%
- YTD
- 16.02%
- 1Y
- 29.17%
- 3Y*
- 12.15%
- 5Y*
- 5.98%
- 10Y*
- 7.56%
- ALL TIME*
- 9.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BRUFX Bruce Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
CMALX vs. BRUFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMALX Crawford Multi-Asset Income Fund | 9.01% | 5.26% | 11.36% | 6.42% | -0.99% | 15.89% | -7.01% | 20.24% | -4.85% | 0.14% |
BRUFX Bruce Fund | 16.02% | 14.89% | 4.45% | -0.74% | -8.80% | 17.35% | 12.06% | 22.42% | -3.99% | 0.96% |
Correlation
The correlation between CMALX and BRUFX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.74 |
The correlation between CMALX and BRUFX shifts across timeframes, from 0.63 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CMALX vs. BRUFX — Risk / Return Rank
CMALX
BRUFX
CMALX vs. BRUFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crawford Multi-Asset Income Fund (CMALX) and Bruce Fund (BRUFX). 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.
| CMALX | BRUFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.78 | -1.42 |
| Martin ratioReturn relative to average drawdown | 7.48 | 17.01 | -9.53 |
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Drawdowns
CMALX vs. BRUFX - Drawdown Comparison
The maximum CMALX drawdown since its inception was -39.04%, smaller than the maximum BRUFX drawdown of -44.50%. Use the drawdown chart below to compare losses from any high point for CMALX and BRUFX.
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Drawdown Indicators
| CMALX | BRUFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.04% | -44.50% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.49% | -7.67% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -9.66% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -12.68% | -17.91% | +5.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.44% | — |
Current DrawdownCurrent decline from peak | -1.25% | -1.71% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -9.04% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.70% | -0.29% |
Volatility
CMALX vs. BRUFX - Volatility Comparison
Crawford Multi-Asset Income Fund (CMALX) and Bruce Fund (BRUFX) have volatilities of 2.35% and 2.42%, 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.
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Volatility by Period
| CMALX | BRUFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 2.42% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | 8.50% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 10.65% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.99% | 10.58% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.58% | 11.65% | +0.93% |
CMALX vs. BRUFX - Expense Ratio Comparison
CMALX has a 1.00% expense ratio, which is higher than BRUFX's 0.68% expense ratio.
Dividends
CMALX vs. BRUFX - Dividend Comparison
CMALX's dividend yield for the trailing twelve months is around 6.70%, more than BRUFX's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRUFX Bruce Fund | 5.48% | 6.35% | 5.01% | 6.46% | 13.31% | 9.25% | 5.83% | 2.03% | 2.49% | 4.11% | 6.26% | 4.63% |
CMALX Crawford Multi-Asset Income Fund | 6.70% | 7.61% | 3.94% | 4.66% | 4.93% | 3.21% | 3.67% | 5.07% | 4.87% | 0.99% | 0.00% | 0.00% |
Frequently Asked Questions
CMALX and BRUFX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRUFX has higher volatility (2.42%) compared to CMALX (2.35%). In terms of maximum drawdown, CMALX dropped -39.04% vs BRUFX's -44.50%.
BRUFX currently has the higher Sharpe Ratio (2.73 vs 1.69), 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.
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