ENHNX vs. TCBIX
ENHNX (Cullen Enhanced Equity Income Fund) and TCBIX (The Covered Bridge Fund) are both Derivative Income funds. Over the past 10 years, ENHNX returned 7.16%/yr vs 7.82%/yr for TCBIX. Their correlation of 0.89 suggests significant overlap in exposure. ENHNX charges 0.75%/yr vs 1.40%/yr for TCBIX.
Performance
ENHNX vs. TCBIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ENHNX having a 7.69% return and TCBIX slightly lower at 7.52%. Over the past 10 years, ENHNX has underperformed TCBIX with an annualized return of 7.16%, while TCBIX has yielded a comparatively higher 7.82% annualized return.
ENHNX
- 1D
- 0.45%
- 1M
- -0.99%
- YTD
- 7.69%
- 6M
- 7.48%
- 1Y
- 11.96%
- 3Y*
- 8.19%
- 5Y*
- 4.87%
- 10Y*
- 7.16%
TCBIX
- 1D
- -0.42%
- 1M
- -1.96%
- YTD
- 7.52%
- 6M
- 7.64%
- 1Y
- 16.39%
- 3Y*
- 10.19%
- 5Y*
- 6.36%
- 10Y*
- 7.82%
ENHNX vs. TCBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENHNX Cullen Enhanced Equity Income Fund | 7.69% | 6.20% | 6.89% | 0.99% | -1.98% | 21.67% | 1.52% | 18.16% | -5.10% | 10.69% |
TCBIX The Covered Bridge Fund | 7.52% | 12.61% | 4.09% | 4.09% | 0.05% | 18.21% | -1.71% | 18.73% | -3.93% | 9.66% |
Correlation
The correlation between ENHNX and TCBIX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.89 |
The correlation between ENHNX and TCBIX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
ENHNX vs. TCBIX — Risk / Return Rank
ENHNX
TCBIX
ENHNX vs. TCBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cullen Enhanced Equity Income Fund (ENHNX) and The Covered Bridge Fund (TCBIX). 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.
| ENHNX | TCBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.23 | -1.22 |
| Martin ratioReturn relative to average drawdown | 5.00 | 10.84 | -5.84 |
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Drawdowns
ENHNX vs. TCBIX - Drawdown Comparison
The maximum ENHNX drawdown since its inception was -35.59%, which is greater than TCBIX's maximum drawdown of -28.94%. Use the drawdown chart below to compare losses from any high point for ENHNX and TCBIX.
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Drawdown Indicators
| ENHNX | TCBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -28.94% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -5.26% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.60% | -12.73% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -17.07% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | -28.94% | -6.65% |
Current DrawdownCurrent decline from peak | -2.21% | -3.17% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -3.47% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.56% | +0.99% |
Volatility
ENHNX vs. TCBIX - Volatility Comparison
Cullen Enhanced Equity Income Fund (ENHNX) has a higher volatility of 3.17% compared to The Covered Bridge Fund (TCBIX) at 2.75%. This indicates that ENHNX's price experiences larger fluctuations and is considered to be riskier than TCBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENHNX | TCBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 2.75% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 6.13% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 8.77% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 12.18% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 13.56% | +1.93% |
ENHNX vs. TCBIX - Expense Ratio Comparison
ENHNX has a 0.75% expense ratio, which is lower than TCBIX's 1.40% expense ratio.
Dividends
ENHNX vs. TCBIX - Dividend Comparison
ENHNX's dividend yield for the trailing twelve months is around 5.72%, less than TCBIX's 8.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENHNX Cullen Enhanced Equity Income Fund | 5.72% | 4.38% | 5.99% | 6.22% | 3.82% | 7.77% | 5.86% | 5.69% | 6.45% | 6.82% | 7.67% | 0.00% |
TCBIX The Covered Bridge Fund | 8.24% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Frequently Asked Questions
ENHNX and TCBIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENHNX has higher volatility (3.17%) compared to TCBIX (2.75%). In terms of maximum drawdown, ENHNX dropped -35.59% vs TCBIX's -28.94%.
TCBIX currently has the higher Sharpe Ratio (1.94 vs 1.26), 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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