CONWX vs. ATLAX
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 8.14%/yr vs -0.19%/yr for ATLAX. A 0.51 correlation means they provide meaningful diversification when combined. CONWX charges 1.41%/yr vs 1.18%/yr for ATLAX.
Performance
CONWX vs. ATLAX - Performance Comparison
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Returns By Period
In the year-to-date period, CONWX achieves a 5.52% return, which is significantly higher than ATLAX's 0.42% return. Over the past 10 years, CONWX has outperformed ATLAX with an annualized return of 8.14%, while ATLAX has yielded a comparatively lower -0.19% annualized return.
CONWX
- 1D
- -0.10%
- 1M
- -2.13%
- YTD
- 5.52%
- 6M
- 5.14%
- 1Y
- 13.72%
- 3Y*
- 11.41%
- 5Y*
- 6.54%
- 10Y*
- 8.14%
ATLAX
- 1D
- 0.00%
- 1M
- 1.13%
- YTD
- 0.42%
- 6M
- 0.60%
- 1Y
- 9.83%
- 3Y*
- 8.17%
- 5Y*
- -0.40%
- 10Y*
- -0.19%
CONWX vs. ATLAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 5.52% | 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 | 0.42% | 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 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
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 0.21 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
CONWX vs. ATLAX — Risk / Return Rank
CONWX
ATLAX
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 ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.15 | +0.97 |
| Martin ratioReturn relative to average drawdown | 9.37 | 8.35 | +1.02 |
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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.
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Drawdown Indicators
| CONWX | ATLAX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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% | -11.47% | +1.61% |
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 DrawdownCurrent decline from peak | -4.44% | -14.13% | +9.69% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -14.57% | +11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.20% | +0.27% |
Volatility
CONWX vs. ATLAX - Volatility Comparison
The current volatility for Concorde Wealth Management Fund (CONWX) is 1.97%, while Atlas U.S. Tactical Income Fund (ATLAX) has a volatility of 2.15%. This indicates that CONWX experiences smaller price fluctuations and is considered to be less risky than ATLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CONWX | ATLAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 2.15% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 4.76% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.11% | 5.99% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.20% | 8.97% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 16.46% | -5.36% |
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 3.49%, less than ATLAX's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ATLAX Atlas U.S. Tactical Income Fund | 4.97% | 4.68% | 5.15% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CONWX Concorde Wealth Management Fund | 3.49% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% |
Frequently Asked Questions
CONWX and ATLAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATLAX has higher volatility (2.15%) compared to CONWX (1.97%). In terms of maximum drawdown, CONWX dropped -26.09% vs ATLAX's -39.28%.
CONWX currently has the higher Sharpe Ratio (1.95 vs 1.67), 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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