CRMEX vs. BIGTX

Last updated Jun 24, 2026

CRMEX (CRM All Cap Value Fund) and BIGTX (The Texas Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, CRMEX returned 11.06%/yr vs 10.81%/yr for BIGTX. Their correlation of 0.86 suggests significant overlap in exposure. CRMEX charges 1.34%/yr vs 1.67%/yr for BIGTX.

Performance

CRMEX vs. BIGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CRM All Cap Value Fund (CRMEX) and The Texas Fund (BIGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CRMEX having a 21.87% return and BIGTX slightly higher at 22.88%. Both investments have delivered pretty close results over the past 10 years, with CRMEX having a 11.06% annualized return and BIGTX not far behind at 10.81%.

CRMEX

• 1D: 0.71%
• 1M: 7.22%
• YTD: 21.87%
• 6M: 19.97%
• 1Y: 44.14%
• 3Y*: 19.46%
• 5Y*: 9.31%
• 10Y*: 11.06%

BIGTX

• 1D: 0.61%
• 1M: 1.28%
• YTD: 22.88%
• 6M: 20.86%
• 1Y: 29.89%
• 3Y*: 20.30%
• 5Y*: 8.90%
• 10Y*: 10.81%

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

CRMEX vs. BIGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRMEX CRM All Cap Value Fund	21.87%	11.04%	15.55%	5.43%	-9.73%	21.44%	14.59%	22.36%	-13.87%	18.55%
BIGTX The Texas Fund	22.88%	5.98%	15.76%	11.32%	-6.93%	23.90%	13.11%	9.61%	-11.44%	11.58%

Correlation

The correlation between CRMEX and BIGTX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.86

The correlation between CRMEX and BIGTX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

CRMEX vs. BIGTX — Risk / Return Rank

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

CRMEX

CRMEX Risk / Return Rank: 73
CRMEX Sharpe Ratio Rank: 73
CRMEX Sortino Ratio Rank: 71
CRMEX Omega Ratio Rank: 60
CRMEX Calmar Ratio Rank: 84
CRMEX Martin Ratio Rank: 78

BIGTX

BIGTX Risk / Return Rank: 66
BIGTX Sharpe Ratio Rank: 62
BIGTX Sortino Ratio Rank: 55
BIGTX Omega Ratio Rank: 50
BIGTX Calmar Ratio Rank: 85
BIGTX Martin Ratio Rank: 76

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.

CRMEX vs. BIGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CRM All Cap Value Fund (CRMEX) and The Texas Fund (BIGTX). 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.

	CRMEX	BIGTX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.14	+0.16
Sortino ratio: Return per unit of downside risk	3.18	2.87	+0.32
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	3.73	3.83	-0.10
Martin ratio: Return relative to average drawdown	13.60	13.33	+0.27

CRMEX vs. BIGTX - Sharpe Ratio Comparison

The current CRMEX Sharpe Ratio is 2.30, which is comparable to the BIGTX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of CRMEX and BIGTX, 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

CRMEX vs. BIGTX - Drawdown Comparison

The maximum CRMEX drawdown since its inception was -53.72%, smaller than the maximum BIGTX drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for CRMEX and BIGTX.

Drawdown Indicators

	CRMEX	BIGTX	Difference
Max Drawdown Largest peak-to-trough decline	-53.72%	-77.89%	+24.17%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-8.07%	-4.13%
Max Drawdown (3Y) Largest decline over 3 years	-25.73%	-77.89%	+52.16%
Max Drawdown (5Y) Largest decline over 5 years	-25.73%	-77.89%	+52.16%
Max Drawdown (10Y) Largest decline over 10 years	-42.66%	-77.89%	+35.23%
Current Drawdown Current decline from peak	0.00%	-65.84%	+65.84%
Average Drawdown Average peak-to-trough decline	-9.03%	-17.36%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	2.31%	+1.03%

Volatility

CRMEX vs. BIGTX - Volatility Comparison

CRM All Cap Value Fund (CRMEX) has a higher volatility of 6.65% compared to The Texas Fund (BIGTX) at 5.32%. This indicates that CRMEX's price experiences larger fluctuations and is considered to be riskier than BIGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMEX	BIGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	5.32%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	15.70%	10.69%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.85%	14.50%	+5.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.41%	126.73%	-106.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	90.68%	-70.04%

CRMEX vs. BIGTX - Expense Ratio Comparison

CRMEX has a 1.34% expense ratio, which is lower than BIGTX's 1.67% expense ratio.

Dividends

CRMEX vs. BIGTX - Dividend Comparison

CRMEX's dividend yield for the trailing twelve months is around 7.78%, more than BIGTX's 6.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIGTX The Texas Fund	6.01%	7.38%	3.52%	2.51%	3.06%	5.27%	0.07%	0.08%	2.27%	0.00%	0.00%	0.00%
CRMEX CRM All Cap Value Fund	7.78%	9.49%	11.02%	1.92%	7.25%	22.91%	2.70%	6.13%	26.31%	16.83%	4.64%	29.97%

Frequently Asked Questions

Can I hold both CRMEX and BIGTX in my portfolio?

CRMEX and BIGTX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRMEX or BIGTX?

CRMEX has higher volatility (6.65%) compared to BIGTX (5.32%). In terms of maximum drawdown, CRMEX dropped -53.72% vs BIGTX's -77.89%.

Which has better risk-adjusted returns?

CRMEX currently has the higher Sharpe Ratio (2.30 vs 2.14), 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.