PACIX vs. WESRX

Last updated Aug 1, 2026

PACIX (Columbia Convertible Securities Fund) and WESRX (TETON Convertible Securities Fund) are both Convertible Bonds funds. Over the past 10 years, PACIX returned 12.30%/yr vs 8.51%/yr for WESRX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. PACIX charges 1.12%/yr vs 1.15%/yr for WESRX.

Performance

PACIX vs. WESRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Convertible Securities Fund (PACIX) and TETON Convertible Securities Fund (WESRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PACIX achieves a 16.64% return, which is significantly higher than WESRX's 11.16% return. Over the past 10 years, PACIX has outperformed WESRX with an annualized return of 12.30%, while WESRX has yielded a comparatively lower 8.51% annualized return.

PACIX

• 1D: 2.45%
• 1M: -3.45%
• 6M: 10.26%
• YTD: 16.64%
• 1Y: 28.55%
• 3Y*: 15.41%
• 5Y*: 6.44%
• 10Y*: 12.30%
• ALL TIME*: 9.39%

WESRX

• 1D: 3.16%
• 1M: -3.40%
• 6M: 5.07%
• YTD: 11.16%
• 1Y: 20.40%
• 3Y*: 12.03%
• 5Y*: 3.20%
• 10Y*: 8.51%
• ALL TIME*: 7.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PACIX Columbia Convertible Securities Fund	$0.00	$0.00	$0.00
WESRX TETON Convertible Securities Fund	$0.00	$0.00	$0.00

PACIX vs. WESRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PACIX Columbia Convertible Securities Fund	16.64%	19.58%	9.51%	11.91%	-19.54%	3.71%	47.86%	26.15%	-1.03%	15.07%
WESRX TETON Convertible Securities Fund	11.16%	17.20%	11.73%	5.09%	-21.96%	2.21%	27.22%	24.42%	-0.80%	17.58%

Correlation

The correlation between PACIX and WESRX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 30, 1997	0.78

The correlation between PACIX and WESRX shifts across timeframes, from 0.78 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PACIX vs. WESRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PACIX

PACIX Risk / Return Rank: 73
PACIX Sharpe Ratio Rank: 70
PACIX Sortino Ratio Rank: 65
PACIX Omega Ratio Rank: 61
PACIX Calmar Ratio Rank: 87
PACIX Martin Ratio Rank: 84

WESRX

WESRX Risk / Return Rank: 31
WESRX Sharpe Ratio Rank: 31
WESRX Sortino Ratio Rank: 30
WESRX Omega Ratio Rank: 28
WESRX Calmar Ratio Rank: 35
WESRX Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PACIX vs. WESRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Convertible Securities Fund (PACIX) and TETON Convertible Securities Fund (WESRX). 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.

	PACIX	WESRX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.03	+0.63
Sortino ratio: Return per unit of downside risk	2.28	1.49	+0.79
Omega ratio: Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio: Return relative to maximum drawdown	3.08	1.54	+1.53
Martin ratio: Return relative to average drawdown	10.65	4.02	+6.63

PACIX vs. WESRX - Sharpe Ratio Comparison

The current PACIX Sharpe Ratio is 1.67, which is higher than the WESRX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of PACIX and WESRX, 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

PACIX vs. WESRX - Drawdown Comparison

The maximum PACIX drawdown since its inception was -43.86%, smaller than the maximum WESRX drawdown of -51.81%. Use the drawdown chart below to compare losses from any high point for PACIX and WESRX.

Drawdown Indicators

	PACIX	WESRX	Difference
Max Drawdown Largest peak-to-trough decline	-43.86%	-51.81%	+7.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-12.15%	+3.40%
Max Drawdown (3Y) Largest decline over 3 years	-12.15%	-13.89%	+1.74%
Max Drawdown (5Y) Largest decline over 5 years	-26.71%	-31.66%	+4.95%
Max Drawdown (10Y) Largest decline over 10 years	-28.74%	-31.66%	+2.92%
Current Drawdown Current decline from peak	-6.52%	-9.37%	+2.85%
Average Drawdown Average peak-to-trough decline	-6.82%	-9.06%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	4.65%	-2.13%

Volatility

PACIX vs. WESRX - Volatility Comparison

The current volatility for Columbia Convertible Securities Fund (PACIX) is 5.08%, while TETON Convertible Securities Fund (WESRX) has a volatility of 6.20%. This indicates that PACIX experiences smaller price fluctuations and is considered to be less risky than WESRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PACIX	WESRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	6.20%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	13.21%	14.81%	-1.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	18.18%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.43%	14.75%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.56%	13.68%	-0.12%

PACIX vs. WESRX - Expense Ratio Comparison

PACIX has a 1.12% expense ratio, which is lower than WESRX's 1.15% expense ratio.

Dividends

PACIX vs. WESRX - Dividend Comparison

PACIX's dividend yield for the trailing twelve months is around 4.24%, less than WESRX's 6.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PACIX Columbia Convertible Securities Fund	4.24%	1.45%	1.96%	2.53%	9.87%	22.27%	7.81%	6.29%	5.29%	2.75%	2.34%	9.91%
WESRX TETON Convertible Securities Fund	6.95%	8.95%	2.87%	2.63%	11.45%	10.69%	3.13%	2.75%	5.87%	1.95%	5.10%	0.25%

Frequently Asked Questions

Can I hold both PACIX and WESRX in my portfolio?

With a correlation of 0.96, PACIX and WESRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PACIX or WESRX?

WESRX has higher volatility (6.20%) compared to PACIX (5.08%). In terms of maximum drawdown, PACIX dropped -43.86% vs WESRX's -51.81%.

Which has better risk-adjusted returns?

PACIX currently has the higher Sharpe Ratio (1.67 vs 1.03), 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.