NDARX vs. CONWX
NDARX (American Funds Retirement Income Portfolio - Enhanced) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 10 years, NDARX returned 8.18%/yr vs 7.99%/yr for CONWX. A 0.79 correlation means they provide meaningful diversification when combined. NDARX charges 0.34%/yr vs 1.41%/yr for CONWX.
Performance
NDARX vs. CONWX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NDARX having a 6.91% return and CONWX slightly lower at 6.62%. Both investments have delivered pretty close results over the past 10 years, with NDARX having a 8.18% annualized return and CONWX not far behind at 7.99%.
NDARX
- 1D
- 0.37%
- 1M
- -0.08%
- 6M
- 4.56%
- YTD
- 6.91%
- 1Y
- 14.51%
- 3Y*
- 13.62%
- 5Y*
- 7.99%
- 10Y*
- 8.18%
CONWX
- 1D
- -0.20%
- 1M
- 0.05%
- 6M
- 3.54%
- YTD
- 6.62%
- 1Y
- 15.40%
- 3Y*
- 11.40%
- 5Y*
- 6.68%
- 10Y*
- 7.99%
NDARX vs. CONWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDARX American Funds Retirement Income Portfolio - Enhanced | 6.91% | 17.21% | 11.68% | 12.03% | -10.98% | 15.09% | 7.10% | 17.88% | -4.99% | 13.62% |
CONWX Concorde Wealth Management Fund | 6.62% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 8.76% | 16.84% | -1.95% | 7.17% |
Correlation
The correlation between NDARX and CONWX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.79 |
Over the past year, the correlation between NDARX and CONWX has dropped to 0.46 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
NDARX vs. CONWX — Risk / Return Rank
NDARX
CONWX
NDARX vs. CONWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Retirement Income Portfolio - Enhanced (NDARX) and Concorde Wealth Management Fund (CONWX). 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.
| NDARX | CONWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.56 | -1.39 |
| Martin ratioReturn relative to average drawdown | 9.64 | 9.00 | +0.64 |
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Drawdowns
NDARX vs. CONWX - Drawdown Comparison
The maximum NDARX drawdown since its inception was -23.62%, smaller than the maximum CONWX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for NDARX and CONWX.
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Drawdown Indicators
| NDARX | CONWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.62% | -26.09% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -4.44% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -9.18% | -9.86% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -12.49% | -5.88% |
Max Drawdown (10Y)Largest decline over 10 years | -23.62% | -26.09% | +2.47% |
Current DrawdownCurrent decline from peak | -0.43% | -3.45% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -2.79% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.75% | -0.21% |
Volatility
NDARX vs. CONWX - Volatility Comparison
The current volatility for American Funds Retirement Income Portfolio - Enhanced (NDARX) is 1.74%, while Concorde Wealth Management Fund (CONWX) has a volatility of 1.84%. This indicates that NDARX experiences smaller price fluctuations and is considered to be less risky than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDARX | CONWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.84% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 5.09% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.94% | 7.12% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 10.18% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 10.99% | -0.83% |
NDARX vs. CONWX - Expense Ratio Comparison
NDARX has a 0.34% expense ratio, which is lower than CONWX's 1.41% expense ratio.
Dividends
NDARX vs. CONWX - Dividend Comparison
NDARX's dividend yield for the trailing twelve months is around 4.96%, more than CONWX's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 3.46% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% | 0.00% |
NDARX American Funds Retirement Income Portfolio - Enhanced | 4.96% | 5.78% | 3.07% | 3.37% | 5.60% | 4.29% | 2.91% | 4.03% | 4.29% | 2.68% | 2.86% |
Frequently Asked Questions
NDARX and CONWX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONWX has higher volatility (1.84%) compared to NDARX (1.74%). In terms of maximum drawdown, NDARX dropped -23.62% vs CONWX's -26.09%.
CONWX currently has the higher Sharpe Ratio (2.24 vs 1.88), 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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