CNSDX vs. WESRX
CNSDX (Invesco Convertible Securities Fund) and WESRX (TETON Convertible Securities Fund) are both Convertible Bonds funds. Over the past 10 years, CNSDX returned 10.55%/yr vs 8.51%/yr for WESRX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. CNSDX charges 0.68%/yr vs 1.15%/yr for WESRX.
Performance
CNSDX vs. WESRX - Performance Comparison
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Returns By Period
In the year-to-date period, CNSDX achieves a 14.61% return, which is significantly higher than WESRX's 11.16% return. Over the past 10 years, CNSDX has outperformed WESRX with an annualized return of 10.55%, while WESRX has yielded a comparatively lower 8.51% annualized return.
CNSDX
- 1D
- 2.96%
- 1M
- -3.26%
- 6M
- 8.67%
- YTD
- 14.61%
- 1Y
- 23.05%
- 3Y*
- 14.50%
- 5Y*
- 6.35%
- 10Y*
- 10.55%
- ALL TIME*
- 7.89%
WESRX
- 1D
- 3.16%
- 1M
- -3.40%
- 6M
- 5.07%
- YTD
- 11.16%
- 1Y
- 20.40%
- 3Y*
- 12.03%
- 5Y*
- 3.20%
- 10Y*
- 8.51%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CNSDX vs. WESRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 14.61% | 16.24% | 9.95% | 8.18% | -15.51% | 4.69% | 44.68% | 21.25% | -1.60% | 10.68% |
WESRX TETON Convertible Securities Fund | 11.16% | 17.20% | 11.73% | 5.09% | -21.96% | 2.21% | 27.22% | 24.42% | -0.80% | 17.58% |
Correlation
The correlation between CNSDX and WESRX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1997 | 0.77 |
The correlation between CNSDX and WESRX shifts across timeframes, from 0.77 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CNSDX vs. WESRX — Risk / Return Rank
CNSDX
WESRX
CNSDX vs. WESRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Convertible Securities Fund (CNSDX) and TETON Convertible Securities Fund (WESRX). 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.
| CNSDX | WESRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.54 | +0.54 |
| Martin ratioReturn relative to average drawdown | 7.22 | 4.02 | +3.20 |
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Drawdowns
CNSDX vs. WESRX - Drawdown Comparison
The maximum CNSDX drawdown since its inception was -39.33%, smaller than the maximum WESRX drawdown of -51.81%. Use the drawdown chart below to compare losses from any high point for CNSDX and WESRX.
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Drawdown Indicators
| CNSDX | WESRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -51.81% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -12.15% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -13.89% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -31.66% | +8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -24.19% | -31.66% | +7.47% |
Current DrawdownCurrent decline from peak | -7.61% | -9.37% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -9.06% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 4.65% | -1.69% |
Volatility
CNSDX vs. WESRX - Volatility Comparison
Invesco Convertible Securities Fund (CNSDX) and TETON Convertible Securities Fund (WESRX) have volatilities of 5.91% and 6.20%, 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
| CNSDX | WESRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 6.20% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 14.81% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.78% | 18.18% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 14.75% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 13.68% | -0.61% |
CNSDX vs. WESRX - Expense Ratio Comparison
CNSDX has a 0.68% expense ratio, which is lower than WESRX's 1.15% expense ratio.
Dividends
CNSDX vs. WESRX - Dividend Comparison
CNSDX's dividend yield for the trailing twelve months is around 10.25%, more than WESRX's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 10.25% | 11.77% | 3.46% | 1.46% | 3.97% | 28.36% | 10.96% | 5.21% | 12.65% | 4.57% | 3.74% | 2.74% |
WESRX TETON Convertible Securities Fund | 6.95% | 8.95% | 2.87% | 2.63% | 11.45% | 10.69% | 3.13% | 2.75% | 5.87% | 1.95% | 5.10% | 0.25% |
Frequently Asked Questions
With a correlation of 0.94, CNSDX and WESRX 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.
WESRX has higher volatility (6.20%) compared to CNSDX (5.91%). In terms of maximum drawdown, CNSDX dropped -39.33% vs WESRX's -51.81%.
CNSDX currently has the higher Sharpe Ratio (1.21 vs 1.03), 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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