CONWX vs. ATLAX

Last updated Aug 1, 2026

CONWX (Concorde Wealth Management Fund) and ATLAX (Atlas U.S. Tactical Income Fund) are both Diversified Portfolio funds. Over the past 10 years, CONWX returned 8.13%/yr vs -0.33%/yr for ATLAX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. CONWX charges 1.41%/yr vs 1.18%/yr for ATLAX.

Performance

CONWX vs. ATLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Concorde Wealth Management Fund (CONWX) and Atlas U.S. Tactical Income Fund (ATLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CONWX achieves a 7.66% return, which is significantly higher than ATLAX's 0.37% return. Over the past 10 years, CONWX has outperformed ATLAX with an annualized return of 8.13%, while ATLAX has yielded a comparatively lower -0.33% annualized return.

CONWX

• 1D: 0.19%
• 1M: 0.73%
• 6M: 3.04%
• YTD: 7.66%
• 1Y: 16.33%
• 3Y*: 11.21%
• 5Y*: 6.58%
• 10Y*: 8.13%
• ALL TIME*: 8.52%

ATLAX

• 1D: -0.13%
• 1M: -1.14%
• 6M: -0.48%
• YTD: 0.37%
• 1Y: 5.86%
• 3Y*: 7.96%
• 5Y*: -0.52%
• 10Y*: -0.33%
• ALL TIME*: 0.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ATLAX Atlas U.S. Tactical Income Fund	$0.00	$0.00	$0.00
CONWX Concorde Wealth Management Fund	$0.00	$0.00	$0.00

CONWX vs. ATLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CONWX Concorde Wealth Management Fund	7.66%	11.95%	13.58%	0.20%	-2.51%	19.73%	8.76%	16.84%	-1.95%	7.17%
ATLAX Atlas U.S. Tactical Income Fund	0.37%	13.62%	4.51%	9.92%	-23.76%	-1.25%	1.46%	4.27%	-8.13%	2.39%

Correlation

The correlation between CONWX and ATLAX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.44
Correlation (10Y) Provides a long-term view across more market conditions.	0.50
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.51

Over the past year, the correlation between CONWX and ATLAX has dropped to 0.17 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

CONWX vs. ATLAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CONWX

CONWX Risk / Return Rank: 83
CONWX Sharpe Ratio Rank: 87
CONWX Sortino Ratio Rank: 87
CONWX Omega Ratio Rank: 82
CONWX Calmar Ratio Rank: 91
CONWX Martin Ratio Rank: 67

ATLAX

ATLAX Risk / Return Rank: 33
ATLAX Sharpe Ratio Rank: 34
ATLAX Sortino Ratio Rank: 34
ATLAX Omega Ratio Rank: 32
ATLAX Calmar Ratio Rank: 32
ATLAX Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CONWX vs. ATLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Concorde Wealth Management Fund (CONWX) and Atlas U.S. Tactical Income Fund (ATLAX). 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.

	CONWX	ATLAX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.08	+1.07
Sortino ratio: Return per unit of downside risk	3.15	1.58	+1.58
Omega ratio: Gain probability vs. loss probability	1.38	1.19	+0.19
Calmar ratio: Return relative to maximum drawdown	3.43	1.40	+2.03
Martin ratio: Return relative to average drawdown	8.32	5.21	+3.11

CONWX vs. ATLAX - Sharpe Ratio Comparison

The current CONWX Sharpe Ratio is 2.15, which is higher than the ATLAX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of CONWX and ATLAX, 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

CONWX vs. ATLAX - Drawdown Comparison

The maximum CONWX drawdown since its inception was -26.09%, smaller than the maximum ATLAX drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for CONWX and ATLAX.

Drawdown Indicators

	CONWX	ATLAX	Difference
Max Drawdown Largest peak-to-trough decline	-26.09%	-39.28%	+13.19%
Max Drawdown (1Y) Largest decline over 1 year	-4.44%	-4.66%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-9.86%	-10.20%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	-12.49%	-31.49%	+19.00%
Max Drawdown (10Y) Largest decline over 10 years	-26.09%	-39.28%	+13.19%
Current Drawdown Current decline from peak	-2.50%	-14.17%	+11.67%
Average Drawdown Average peak-to-trough decline	-2.79%	-14.56%	+11.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.25%	+0.58%

Volatility

CONWX vs. ATLAX - Volatility Comparison

Concorde Wealth Management Fund (CONWX) and Atlas U.S. Tactical Income Fund (ATLAX) have volatilities of 1.88% and 1.83%, 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

	CONWX	ATLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	1.83%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	5.07%	4.98%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	7.07%	6.05%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.15%	9.00%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	16.47%	-5.48%

CONWX vs. ATLAX - Expense Ratio Comparison

CONWX has a 1.41% expense ratio, which is higher than ATLAX's 1.18% expense ratio.

Dividends

CONWX vs. ATLAX - Dividend Comparison

CONWX's dividend yield for the trailing twelve months is around 3.43%, less than ATLAX's 5.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATLAX Atlas U.S. Tactical Income Fund	5.08%	4.68%	5.15%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CONWX Concorde Wealth Management Fund	3.43%	3.69%	10.55%	2.16%	7.85%	3.63%	3.86%	2.16%	5.09%	2.48%

Frequently Asked Questions

Can I hold both CONWX and ATLAX in my portfolio?

CONWX and ATLAX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CONWX or ATLAX?

CONWX has higher volatility (1.88%) compared to ATLAX (1.83%). In terms of maximum drawdown, CONWX dropped -26.09% vs ATLAX's -39.28%.

Which has better risk-adjusted returns?

CONWX currently has the higher Sharpe Ratio (2.15 vs 1.08), 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.