CWSGX vs. BERCX

Last updated Jun 23, 2026

CWSGX (Chartwell Small Cap Growth Fund) and BERCX (Chartwell Mid Cap Value Fund) are both mutual funds - CWSGX is a Small Cap Growth Equities fund managed by Carillon Family of Funds, while BERCX is a Mid Cap Value Equities fund managed by Carillon Family of Funds. Over the past 5 years, CWSGX returned 13.03%/yr vs 8.39%/yr for BERCX. A 0.73 correlation means they provide meaningful diversification when combined. CWSGX charges 1.05%/yr vs 0.90%/yr for BERCX.

Performance

CWSGX vs. BERCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chartwell Small Cap Growth Fund (CWSGX) and Chartwell Mid Cap Value Fund (BERCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWSGX achieves a 33.45% return, which is significantly higher than BERCX's 11.28% return.

CWSGX

• 1D: 2.27%
• 1M: 7.37%
• YTD: 33.45%
• 6M: 31.05%
• 1Y: 62.29%
• 3Y*: 31.41%
• 5Y*: 13.03%
• 10Y*: —

BERCX

• 1D: 1.31%
• 1M: 2.88%
• YTD: 11.28%
• 6M: 10.03%
• 1Y: 22.77%
• 3Y*: 12.88%
• 5Y*: 8.39%
• 10Y*: 8.98%

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

CWSGX vs. BERCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CWSGX Chartwell Small Cap Growth Fund	33.45%	14.77%	35.94%	22.41%	-30.85%	15.83%	42.56%	27.38%	-8.37%	11.08%
BERCX Chartwell Mid Cap Value Fund	11.28%	11.77%	11.35%	6.93%	-11.61%	27.30%	-3.83%	23.31%	-10.92%	16.35%

Correlation

The correlation between CWSGX and BERCX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 22, 2017	0.73

The correlation between CWSGX and BERCX has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

Return for Risk

CWSGX vs. BERCX — Risk / Return Rank

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

CWSGX

CWSGX Risk / Return Rank: 84
CWSGX Sharpe Ratio Rank: 86
CWSGX Sortino Ratio Rank: 74
CWSGX Omega Ratio Rank: 69
CWSGX Calmar Ratio Rank: 94
CWSGX Martin Ratio Rank: 95

BERCX

BERCX Risk / Return Rank: 30
BERCX Sharpe Ratio Rank: 28
BERCX Sortino Ratio Rank: 30
BERCX Omega Ratio Rank: 28
BERCX Calmar Ratio Rank: 32
BERCX Martin Ratio Rank: 32

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.

CWSGX vs. BERCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chartwell Small Cap Growth Fund (CWSGX) and Chartwell Mid Cap Value Fund (BERCX). 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.

	CWSGX	BERCX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.41	+1.18
Sortino ratio: Return per unit of downside risk	3.27	2.15	+1.12
Omega ratio: Gain probability vs. loss probability	1.42	1.26	+0.16
Calmar ratio: Return relative to maximum drawdown	5.19	2.02	+3.16
Martin ratio: Return relative to average drawdown	20.61	6.83	+13.78

CWSGX vs. BERCX - Sharpe Ratio Comparison

The current CWSGX Sharpe Ratio is 2.59, which is higher than the BERCX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of CWSGX and BERCX, 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

CWSGX vs. BERCX - Drawdown Comparison

The maximum CWSGX drawdown since its inception was -37.29%, smaller than the maximum BERCX drawdown of -52.71%. Use the drawdown chart below to compare losses from any high point for CWSGX and BERCX.

Drawdown Indicators

	CWSGX	BERCX	Difference
Max Drawdown Largest peak-to-trough decline	-37.29%	-52.71%	+15.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-11.45%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-27.80%	-19.57%	-8.23%
Max Drawdown (5Y) Largest decline over 5 years	-37.29%	-22.04%	-15.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.41%	—
Current Drawdown Current decline from peak	0.00%	-0.59%	+0.59%
Average Drawdown Average peak-to-trough decline	-11.16%	-7.52%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	3.38%	-0.37%

Volatility

CWSGX vs. BERCX - Volatility Comparison

Chartwell Small Cap Growth Fund (CWSGX) has a higher volatility of 9.00% compared to Chartwell Mid Cap Value Fund (BERCX) at 5.06%. This indicates that CWSGX's price experiences larger fluctuations and is considered to be riskier than BERCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWSGX	BERCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	5.06%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	18.96%	12.26%	+6.70%
Volatility (1Y) Calculated over the trailing 1-year period	23.99%	16.46%	+7.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	17.37%	+7.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	19.25%	+4.97%

CWSGX vs. BERCX - Expense Ratio Comparison

CWSGX has a 1.05% expense ratio, which is higher than BERCX's 0.90% expense ratio.

Dividends

CWSGX vs. BERCX - Dividend Comparison

CWSGX's dividend yield for the trailing twelve months is around 0.65%, less than BERCX's 11.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERCX Chartwell Mid Cap Value Fund	11.43%	12.71%	13.39%	3.20%	1.12%	0.60%	1.12%	2.08%	8.03%	23.00%	3.32%	0.92%
CWSGX Chartwell Small Cap Growth Fund	0.65%	0.87%	6.44%	0.00%	4.78%	21.74%	6.70%	0.03%	0.45%	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CWSGX and BERCX in my portfolio?

CWSGX and BERCX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWSGX or BERCX?

CWSGX has higher volatility (9.00%) compared to BERCX (5.06%). In terms of maximum drawdown, CWSGX dropped -37.29% vs BERCX's -52.71%.

Which has better risk-adjusted returns?

CWSGX currently has the higher Sharpe Ratio (2.59 vs 1.41), 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.