OWVAX vs. STRGX

Last updated Jun 23, 2026

OWVAX (Sterling Capital West Virginia Intermediate Tax-Free Fund) and STRGX (Sterling Capital Stratton Mid Cap Value Fund) are both mutual funds - OWVAX is a Municipal Bonds fund managed by Sterling Capital, while STRGX is a Mid Cap Blend Equities fund managed by Sterling Capital. Over the past 10 years, OWVAX returned 1.80%/yr vs 10.65%/yr for STRGX. At a correlation of -0.02, they often move in opposite directions. OWVAX charges 0.58%/yr vs 0.84%/yr for STRGX.

Performance

OWVAX vs. STRGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) and Sterling Capital Stratton Mid Cap Value Fund (STRGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWVAX achieves a 1.11% return, which is significantly lower than STRGX's 20.07% return. Over the past 10 years, OWVAX has underperformed STRGX with an annualized return of 1.80%, while STRGX has yielded a comparatively higher 10.65% annualized return.

OWVAX

• 1D: 0.00%
• 1M: 1.10%
• YTD: 1.11%
• 6M: 1.46%
• 1Y: 5.14%
• 3Y*: 3.55%
• 5Y*: 1.15%
• 10Y*: 1.80%

STRGX

• 1D: 1.00%
• 1M: 3.07%
• YTD: 20.07%
• 6M: 18.12%
• 1Y: 26.52%
• 3Y*: 15.25%
• 5Y*: 8.97%
• 10Y*: 10.65%

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

OWVAX vs. STRGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OWVAX Sterling Capital West Virginia Intermediate Tax-Free Fund	1.11%	5.44%	1.18%	4.18%	-5.91%	0.39%	4.49%	6.15%	0.67%	3.43%
STRGX Sterling Capital Stratton Mid Cap Value Fund	20.07%	5.40%	9.49%	14.39%	-10.92%	23.49%	3.74%	32.73%	-14.28%	21.75%

Correlation

The correlation between OWVAX and STRGX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Nov 30, 1993	-0.02

The correlation between OWVAX and STRGX shifts across timeframes, from -0.02 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

OWVAX vs. STRGX — Risk / Return Rank

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

OWVAX

OWVAX Risk / Return Rank: 68
OWVAX Sharpe Ratio Rank: 87
OWVAX Sortino Ratio Rank: 90
OWVAX Omega Ratio Rank: 94
OWVAX Calmar Ratio Rank: 36
OWVAX Martin Ratio Rank: 33

STRGX

STRGX Risk / Return Rank: 55
STRGX Sharpe Ratio Rank: 48
STRGX Sortino Ratio Rank: 51
STRGX Omega Ratio Rank: 43
STRGX Calmar Ratio Rank: 80
STRGX Martin Ratio Rank: 54

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.

OWVAX vs. STRGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) and Sterling Capital Stratton Mid Cap Value Fund (STRGX). 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.

	OWVAX	STRGX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	1.87	+0.75
Sortino ratio: Return per unit of downside risk	4.12	2.75	+1.37
Omega ratio: Gain probability vs. loss probability	1.73	1.33	+0.40
Calmar ratio: Return relative to maximum drawdown	2.17	3.47	-1.30
Martin ratio: Return relative to average drawdown	7.04	10.45	-3.41

OWVAX vs. STRGX - Sharpe Ratio Comparison

The current OWVAX Sharpe Ratio is 2.63, which is higher than the STRGX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of OWVAX and STRGX, 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

OWVAX vs. STRGX - Drawdown Comparison

The maximum OWVAX drawdown since its inception was -12.59%, smaller than the maximum STRGX drawdown of -53.50%. Use the drawdown chart below to compare losses from any high point for OWVAX and STRGX.

Drawdown Indicators

	OWVAX	STRGX	Difference
Max Drawdown Largest peak-to-trough decline	-12.59%	-53.50%	+40.91%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-7.79%	+5.41%
Max Drawdown (3Y) Largest decline over 3 years	-3.60%	-20.88%	+17.28%
Max Drawdown (5Y) Largest decline over 5 years	-9.42%	-21.22%	+11.80%
Max Drawdown (10Y) Largest decline over 10 years	-9.79%	-41.35%	+31.56%
Current Drawdown Current decline from peak	-0.61%	-0.55%	-0.06%
Average Drawdown Average peak-to-trough decline	-1.63%	-8.02%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	2.58%	-1.85%

Volatility

OWVAX vs. STRGX - Volatility Comparison

The current volatility for Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) is 0.55%, while Sterling Capital Stratton Mid Cap Value Fund (STRGX) has a volatility of 4.05%. This indicates that OWVAX experiences smaller price fluctuations and is considered to be less risky than STRGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWVAX	STRGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	4.05%	-3.50%
Volatility (6M) Calculated over the trailing 6-month period	1.56%	10.98%	-9.42%
Volatility (1Y) Calculated over the trailing 1-year period	1.96%	14.40%	-12.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.69%	17.50%	-14.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.08%	19.14%	-16.06%

OWVAX vs. STRGX - Expense Ratio Comparison

OWVAX has a 0.58% expense ratio, which is lower than STRGX's 0.84% expense ratio.

Dividends

OWVAX vs. STRGX - Dividend Comparison

OWVAX's dividend yield for the trailing twelve months is around 2.87%, less than STRGX's 8.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OWVAX Sterling Capital West Virginia Intermediate Tax-Free Fund	2.87%	3.76%	3.08%	2.26%	1.99%	1.76%	2.03%	2.73%	2.58%	2.47%	2.81%	2.90%
STRGX Sterling Capital Stratton Mid Cap Value Fund	8.36%	10.04%	15.16%	12.43%	17.98%	8.18%	0.84%	5.40%	9.91%	3.79%	0.60%	3.68%

Frequently Asked Questions

Can I hold both OWVAX and STRGX in my portfolio?

OWVAX and STRGX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OWVAX or STRGX?

STRGX has higher volatility (4.05%) compared to OWVAX (0.55%). In terms of maximum drawdown, OWVAX dropped -12.59% vs STRGX's -53.50%.

Which has better risk-adjusted returns?

OWVAX currently has the higher Sharpe Ratio (2.63 vs 1.87), 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.