PMEFX vs. CONWX
PMEFX (Penn Mutual AM 1847 Income Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.89%/yr vs 6.54%/yr for CONWX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. PMEFX charges 0.65%/yr vs 1.41%/yr for CONWX.
Performance
PMEFX vs. CONWX - Performance Comparison
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Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.78%
- 3Y*
- 4.63%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 5.31%
CONWX
- 1D
- -0.15%
- 1M
- 0.83%
- 6M
- 1.93%
- YTD
- 7.45%
- 1Y
- 14.92%
- 3Y*
- 11.20%
- 5Y*
- 6.54%
- 10Y*
- 8.04%
- ALL TIME*
- 8.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMEFX vs. CONWX - 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% |
CONWX Concorde Wealth Management Fund | 7.45% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 10.75% |
Correlation
The correlation between PMEFX and CONWX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.72 |
Over the past year, the correlation between PMEFX and CONWX has dropped to 0.23 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
PMEFX vs. CONWX — Risk / Return Rank
PMEFX
CONWX
PMEFX vs. CONWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual AM 1847 Income Fund (PMEFX) 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.
| PMEFX | CONWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.37 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.35 | -4.02 |
| Martin ratioReturn relative to average drawdown | -0.83 | 8.14 | -8.97 |
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Drawdowns
PMEFX vs. CONWX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum CONWX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for PMEFX and CONWX.
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Drawdown Indicators
| PMEFX | CONWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -26.09% | +12.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -4.44% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -9.86% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -12.49% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.09% | — |
Current DrawdownCurrent decline from peak | -7.19% | -2.69% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -2.79% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 1.83% | +3.47% |
Volatility
PMEFX vs. CONWX - Volatility Comparison
The current volatility for Penn Mutual AM 1847 Income Fund (PMEFX) is 0.00%, while Concorde Wealth Management Fund (CONWX) has a volatility of 1.88%. This indicates that PMEFX 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
| PMEFX | CONWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.88% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 5.09% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 7.07% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 10.15% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 10.99% | -3.38% |
PMEFX vs. CONWX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is lower than CONWX's 1.41% expense ratio.
Dividends
PMEFX vs. CONWX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, more than CONWX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 3.43% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% |
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% |
Frequently Asked Questions
PMEFX and CONWX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONWX has higher volatility (1.88%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs CONWX's -26.09%.
CONWX currently has the higher Sharpe Ratio (2.10 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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