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HMCNX vs. WAMFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HMCNX vs. WAMFX

Last updated Jun 23, 2026

HMCNX (Harbor Mid Cap Fund) and WAMFX (Boston Trust Walden Midcap Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, HMCNX returned 8.05%/yr vs 6.61%/yr for WAMFX. Their correlation of 0.93 suggests significant overlap in exposure. HMCNX charges 1.24%/yr vs 0.99%/yr for WAMFX.

Performance

HMCNX vs. WAMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Mid Cap Fund (HMCNX) and Boston Trust Walden Midcap Fund (WAMFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HMCNX achieves a 15.34% return, which is significantly higher than WAMFX's 2.40% return.

HMCNX

1D
0.67%
1M
2.80%
YTD
15.34%
6M
13.73%
1Y
28.54%
3Y*
13.71%
5Y*
8.05%
10Y*
—

WAMFX

1D
0.66%
1M
0.83%
YTD
2.40%
6M
0.97%
1Y
8.47%
3Y*
8.55%
5Y*
6.61%
10Y*
10.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HMCNX vs. WAMFX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HMCNX
Harbor Mid Cap Fund		15.34%9.38%7.01%16.44%-17.46%24.12%18.45%3.52%
WAMFX
Boston Trust Walden Midcap Fund		2.40%4.82%10.39%13.90%-10.87%24.85%9.56%8.93%

Correlation

The correlation between HMCNX and WAMFX is 0.88, 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

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Dec 2, 2019

0.93

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

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Harbor Mid Cap Fund

Boston Trust Walden Midcap Fund

Often compared with HMCNX:
HMCNX vs. HAONXHMCNX vs. HABDXHMCNX vs. HAINXHMCNX vs. HAMVXHMCNX vs. HASCXHMCNX vs. HASGXHMCNX vs. HACAX
Often compared with WAMFX:
WAMFX vs. BTSMXWAMFX vs. WSEFXWAMFX vs. MISIXWAMFX vs. WSBFXWAMFX vs. BTEFXWAMFX vs. WIEFXWAMFX vs. GTSGX

Return for Risk

HMCNX vs. WAMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HMCNX
HMCNX Risk / Return Rank: 6161
Overall Rank
HMCNX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
HMCNX Sortino Ratio Rank: 5858
Sortino Ratio Rank
HMCNX Omega Ratio Rank: 4949
Omega Ratio Rank
HMCNX Calmar Ratio Rank: 7575
Calmar Ratio Rank
HMCNX Martin Ratio Rank: 6868
Martin Ratio Rank
WAMFX
WAMFX Risk / Return Rank: 1010
Overall Rank
WAMFX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
WAMFX Sortino Ratio Rank: 1010
Sortino Ratio Rank
WAMFX Omega Ratio Rank: 99
Omega Ratio Rank
WAMFX Calmar Ratio Rank: 1111
Calmar Ratio Rank
WAMFX Martin Ratio Rank: 1111
Martin Ratio Rank
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.

HMCNX vs. WAMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Fund (HMCNX) and Boston Trust Walden Midcap Fund (WAMFX). 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.

HMCNXWAMFXDifference
Sharpe ratioReturn per unit of total volatility
1.98
0.72

+1.26

Sortino ratioReturn per unit of downside risk
2.92
1.15

+1.77

Omega ratioGain probability vs. loss probability

1.35

1.13

+0.22

Calmar ratioReturn relative to maximum drawdown

3.20

1.03

+2.16

Martin ratioReturn relative to average drawdown

12.30

2.97

+9.33

HMCNX vs. WAMFX - Sharpe Ratio Comparison

The current HMCNX Sharpe Ratio is 1.98, which is higher than the WAMFX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of HMCNX and WAMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HMCNX vs. WAMFX - Drawdown Comparison

The maximum HMCNX drawdown since its inception was -38.10%, roughly equal to the maximum WAMFX drawdown of -36.81%. Use the drawdown chart below to compare losses from any high point for HMCNX and WAMFX.

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Drawdown Indicators

HMCNXWAMFXDifference

Max Drawdown

Largest peak-to-trough decline

-38.10%

-36.81%

-1.29%

Max Drawdown (1Y)

Largest decline over 1 year

-9.00%

-8.38%

-0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-20.80%

-17.51%

-3.29%

Max Drawdown (5Y)

Largest decline over 5 years

-23.82%

-20.82%

-3.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.81%

—

Current Drawdown

Current decline from peak

-0.55%

-2.17%

+1.62%

Average Drawdown

Average peak-to-trough decline

-6.85%

-3.93%

-2.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

2.91%

-0.58%

Volatility

HMCNX vs. WAMFX - Volatility Comparison

Harbor Mid Cap Fund (HMCNX) has a higher volatility of 4.49% compared to Boston Trust Walden Midcap Fund (WAMFX) at 3.43%. This indicates that HMCNX's price experiences larger fluctuations and is considered to be riskier than WAMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HMCNXWAMFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

3.43%

+1.06%

Volatility (6M)

Calculated over the trailing 6-month period

10.86%

8.37%

+2.49%

Volatility (1Y)

Calculated over the trailing 1-year period

14.50%

12.02%

+2.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.10%

15.82%

+1.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.29%

17.49%

+3.80%

HMCNX vs. WAMFX - Expense Ratio Comparison

HMCNX has a 1.24% expense ratio, which is higher than WAMFX's 0.99% expense ratio.

Dividends

HMCNX vs. WAMFX - Dividend Comparison

HMCNX's dividend yield for the trailing twelve months is around 2.17%, less than WAMFX's 7.06% yield.

PositionTTM20252024202320222021202020192018201720162015
HMCNX
Harbor Mid Cap Fund		2.17%2.50%0.27%1.94%2.93%1.79%0.00%0.02%0.00%0.00%0.00%0.00%
WAMFX
Boston Trust Walden Midcap Fund		7.06%7.23%3.49%4.84%5.55%4.82%3.87%12.83%7.08%0.45%5.06%5.54%

Frequently Asked Questions

HMCNX and WAMFX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HMCNX has higher volatility (4.49%) compared to WAMFX (3.43%). In terms of maximum drawdown, HMCNX dropped -38.10% vs WAMFX's -36.81%.

HMCNX currently has the higher Sharpe Ratio (1.98 vs 0.72), 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.

Portfolio Optimizer

Find the right allocation for HMCNX and WAMFX

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