IFPUX vs. TANDX
IFPUX (Independent Franchise Partners US Equity Fund) and TANDX (Castle Tandem Fund) are both Large Cap Blend Equities funds. Over the past 5 years, IFPUX returned 11.05%/yr vs 2.31%/yr for TANDX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. IFPUX charges 0.68%/yr vs 1.59%/yr for TANDX.
Performance
IFPUX vs. TANDX - Performance Comparison
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Returns By Period
In the year-to-date period, IFPUX achieves a -0.73% return, which is significantly higher than TANDX's -6.75% return.
IFPUX
- 1D
- -1.68%
- 1M
- 3.29%
- 6M
- -0.64%
- YTD
- -0.73%
- 1Y
- 8.78%
- 3Y*
- 16.31%
- 5Y*
- 11.05%
- 10Y*
- 12.86%
- ALL TIME*
- 12.25%
TANDX
- 1D
- -0.76%
- 1M
- 3.12%
- 6M
- -5.57%
- YTD
- -6.75%
- 1Y
- -7.42%
- 3Y*
- 1.92%
- 5Y*
- 2.31%
- 10Y*
- —
- ALL TIME*
- 6.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
IFPUX vs. TANDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IFPUX Independent Franchise Partners US Equity Fund | -0.73% | 28.47% | 21.80% | 21.19% | -10.77% | 16.17% | 19.09% | 15.26% |
TANDX Castle Tandem Fund | -6.75% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 13.39% | 12.57% |
Correlation
The correlation between IFPUX and TANDX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.78 |
The correlation between IFPUX and TANDX has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
IFPUX vs. TANDX — Risk / Return Rank
IFPUX
TANDX
IFPUX vs. TANDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Independent Franchise Partners US Equity Fund (IFPUX) and Castle Tandem Fund (TANDX). 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.
| IFPUX | TANDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.88 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | -0.50 | +1.21 |
| Martin ratioReturn relative to average drawdown | 1.56 | -0.96 | +2.53 |
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Drawdowns
IFPUX vs. TANDX - Drawdown Comparison
The maximum IFPUX drawdown since its inception was -27.73%, smaller than the maximum TANDX drawdown of -93.98%. Use the drawdown chart below to compare losses from any high point for IFPUX and TANDX.
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Drawdown Indicators
| IFPUX | TANDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -93.98% | +66.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -16.88% | +4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -21.48% | -93.98% | +72.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -93.98% | +72.50% |
Max Drawdown (10Y)Largest decline over 10 years | -27.73% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -93.48% | +91.09% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -21.84% | +18.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 8.79% | -3.28% |
Volatility
IFPUX vs. TANDX - Volatility Comparison
Independent Franchise Partners US Equity Fund (IFPUX) has a higher volatility of 6.26% compared to Castle Tandem Fund (TANDX) at 4.71%. This indicates that IFPUX's price experiences larger fluctuations and is considered to be riskier than TANDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFPUX | TANDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 4.71% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 8.74% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 10.68% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 596.04% | -577.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 491.15% | -473.98% |
IFPUX vs. TANDX - Expense Ratio Comparison
IFPUX has a 0.68% expense ratio, which is lower than TANDX's 1.59% expense ratio.
Dividends
IFPUX vs. TANDX - Dividend Comparison
IFPUX's dividend yield for the trailing twelve months is around 9.88%, more than TANDX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IFPUX Independent Franchise Partners US Equity Fund | 9.88% | 9.81% | 20.93% | 8.24% | 16.77% | 5.50% | 12.63% | 11.08% | 8.13% | 1.35% | 3.74% |
TANDX Castle Tandem Fund | 6.62% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IFPUX and TANDX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFPUX has higher volatility (6.26%) compared to TANDX (4.71%). In terms of maximum drawdown, IFPUX dropped -27.73% vs TANDX's -93.98%.
IFPUX currently has the higher Sharpe Ratio (0.64 vs -0.80), 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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