CWSIX vs. BERCX

Last updated Jul 14, 2026

CWSIX (Chartwell Small Cap Value Fund) and BERCX (Chartwell Mid Cap Value Fund) are both mutual funds - CWSIX is a Small Cap Value 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 10 years, CWSIX returned 8.36%/yr vs 8.47%/yr for BERCX. Their correlation of 0.88 suggests significant overlap in exposure. CWSIX charges 1.05%/yr vs 0.90%/yr for BERCX.

Performance

CWSIX vs. BERCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chartwell Small Cap Value Fund (CWSIX) 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, CWSIX achieves a 22.73% return, which is significantly higher than BERCX's 11.04% return. Both investments have delivered pretty close results over the past 10 years, with CWSIX having a 8.36% annualized return and BERCX not far ahead at 8.47%.

CWSIX

• 1D: 0.40%
• 1M: 1.07%
• 6M: 15.33%
• YTD: 22.73%
• 1Y: 27.96%
• 3Y*: 13.41%
• 5Y*: 7.64%
• 10Y*: 8.36%

BERCX

• 1D: 0.54%
• 1M: -0.38%
• 6M: 5.95%
• YTD: 11.04%
• 1Y: 17.40%
• 3Y*: 11.90%
• 5Y*: 7.50%
• 10Y*: 8.47%

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

CWSIX vs. BERCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CWSIX Chartwell Small Cap Value Fund	22.73%	-0.50%	11.09%	12.36%	-9.72%	24.32%	-5.58%	24.58%	-12.73%	8.68%
BERCX Chartwell Mid Cap Value Fund	11.04%	11.77%	11.35%	6.93%	-11.61%	27.30%	-3.83%	23.31%	-10.92%	16.98%

Correlation

The correlation between CWSIX and BERCX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Mar 16, 2012	0.88

The correlation between CWSIX and BERCX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

CWSIX vs. BERCX — Risk / Return Rank

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

CWSIX

CWSIX Risk / Return Rank: 42
CWSIX Sharpe Ratio Rank: 39
CWSIX Sortino Ratio Rank: 44
CWSIX Omega Ratio Rank: 37
CWSIX Calmar Ratio Rank: 49
CWSIX Martin Ratio Rank: 40

BERCX

BERCX Risk / Return Rank: 26
BERCX Sharpe Ratio Rank: 23
BERCX Sortino Ratio Rank: 26
BERCX Omega Ratio Rank: 24
BERCX Calmar Ratio Rank: 27
BERCX Martin Ratio Rank: 28

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.

CWSIX vs. BERCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chartwell Small Cap Value Fund (CWSIX) 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.

	CWSIX	BERCX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.02	+0.36
Sortino ratio: Return per unit of downside risk	2.12	1.62	+0.51
Omega ratio: Gain probability vs. loss probability	1.25	1.19	+0.06
Calmar ratio: Return relative to maximum drawdown	2.16	1.47	+0.69
Martin ratio: Return relative to average drawdown	6.94	4.97	+1.97

CWSIX vs. BERCX - Sharpe Ratio Comparison

The current CWSIX Sharpe Ratio is 1.38, which is higher than the BERCX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of CWSIX 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

CWSIX vs. BERCX - Drawdown Comparison

The maximum CWSIX drawdown since its inception was -44.08%, smaller than the maximum BERCX drawdown of -52.71%. Use the drawdown chart below to compare losses from any high point for CWSIX and BERCX.

Drawdown Indicators

	CWSIX	BERCX	Difference
Max Drawdown Largest peak-to-trough decline	-44.08%	-52.71%	+8.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	-11.45%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-29.09%	-19.57%	-9.52%
Max Drawdown (5Y) Largest decline over 5 years	-29.09%	-22.04%	-7.05%
Max Drawdown (10Y) Largest decline over 10 years	-44.08%	-42.41%	-1.67%
Current Drawdown Current decline from peak	-1.63%	-1.75%	+0.12%
Average Drawdown Average peak-to-trough decline	-6.74%	-7.50%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	3.40%	+0.53%

Volatility

CWSIX vs. BERCX - Volatility Comparison

Chartwell Small Cap Value Fund (CWSIX) and Chartwell Mid Cap Value Fund (BERCX) have volatilities of 5.27% and 5.09%, 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

	CWSIX	BERCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	5.09%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	12.34%	+1.48%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	16.58%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	17.34%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.67%	19.14%	+3.53%

CWSIX vs. BERCX - Expense Ratio Comparison

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

Dividends

CWSIX vs. BERCX - Dividend Comparison

CWSIX's dividend yield for the trailing twelve months is around 18.19%, more than BERCX's 11.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERCX Chartwell Mid Cap Value Fund	11.45%	12.71%	13.39%	3.20%	1.12%	0.60%	1.12%	2.08%	8.03%	23.00%	3.32%	0.92%
CWSIX Chartwell Small Cap Value Fund	18.19%	22.32%	41.77%	3.44%	1.20%	10.61%	0.74%	4.17%	8.19%	4.28%	0.47%	0.80%

Frequently Asked Questions

Can I hold both CWSIX and BERCX in my portfolio?

With a correlation of 0.93, CWSIX and BERCX 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.

Which is riskier, CWSIX or BERCX?

CWSIX has higher volatility (5.27%) compared to BERCX (5.09%). In terms of maximum drawdown, CWSIX dropped -44.08% vs BERCX's -52.71%.

Which has better risk-adjusted returns?

CWSIX currently has the higher Sharpe Ratio (1.38 vs 1.02), 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.