PMEFX vs. BERIX
PMEFX (Penn Mutual Am 1847 Income Fund) and BERIX (Chartwell Income Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.71%/yr vs 4.08%/yr for BERIX. A 0.68 correlation means they provide meaningful diversification when combined. PMEFX charges 0.65%/yr vs 0.64%/yr for BERIX.
Performance
PMEFX vs. BERIX - Performance Comparison
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Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.97%
- 3Y*
- 5.35%
- 5Y*
- 2.71%
- 10Y*
- —
BERIX
- 1D
- 0.00%
- 1M
- -1.23%
- 6M
- 1.31%
- YTD
- 2.51%
- 1Y
- 9.79%
- 3Y*
- 9.00%
- 5Y*
- 4.08%
- 10Y*
- 4.55%
PMEFX vs. BERIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual Am 1847 Income Fund | 0.00% | 1.11% | 9.80% | 9.80% | -4.30% | 9.78% | 6.47% |
BERIX Chartwell Income Fund | 2.51% | 13.23% | 7.20% | 7.77% | -10.14% | 7.35% | 7.85% |
Correlation
The correlation between PMEFX and BERIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.68 |
Over the past year, the correlation between PMEFX and BERIX has dropped to 0.20 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
PMEFX vs. BERIX — Risk / Return Rank
PMEFX
BERIX
PMEFX vs. BERIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual Am 1847 Income Fund (PMEFX) and Chartwell Income Fund (BERIX). 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.
| PMEFX | BERIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.38 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.52 | -3.20 |
| Martin ratioReturn relative to average drawdown | -0.88 | 8.27 | -9.15 |
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Drawdowns
PMEFX vs. BERIX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum BERIX drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for PMEFX and BERIX.
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Drawdown Indicators
| PMEFX | BERIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -20.34% | +7.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -3.90% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -5.82% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -15.73% | +3.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.34% | — |
Current DrawdownCurrent decline from peak | -7.19% | -3.22% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -2.59% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 1.19% | +3.89% |
Volatility
PMEFX vs. BERIX - Volatility Comparison
The current volatility for Penn Mutual Am 1847 Income Fund (PMEFX) is 0.00%, while Chartwell Income Fund (BERIX) has a volatility of 1.19%. This indicates that PMEFX experiences smaller price fluctuations and is considered to be less risky than BERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEFX | BERIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.19% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 4.36% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.59% | 5.12% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.86% | 5.98% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 6.00% | +1.64% |
PMEFX vs. BERIX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is higher than BERIX's 0.64% expense ratio.
Dividends
PMEFX vs. BERIX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, more than BERIX's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BERIX Chartwell Income Fund | 4.57% | 3.97% | 3.90% | 3.36% | 3.54% | 2.58% | 3.07% | 3.03% | 5.83% | 5.22% | 2.76% | 2.45% |
PMEFX Penn Mutual Am 1847 Income Fund | 5.89% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMEFX and BERIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERIX has higher volatility (1.19%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs BERIX's -20.34%.
BERIX currently has the higher Sharpe Ratio (1.92 vs -0.64), 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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