PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PMEFX vs. CONWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMEFX vs. CONWX

Last updated Jul 4, 2026
See Documentation

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 2.62%/yr vs 6.32%/yr for CONWX. A 0.72 correlation means they provide meaningful diversification when combined. PMEFX charges 0.65%/yr vs 1.41%/yr for CONWX.

Performance

PMEFX vs. CONWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Penn Mutual Am 1847 Income Fund (PMEFX) and Concorde Wealth Management Fund (CONWX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

PMEFX

1D
0.00%
1M
0.00%
6M
0.00%
YTD
0.00%
1Y
-4.24%
3Y*
4.95%
5Y*
2.62%
10Y*
—

CONWX

1D
0.69%
1M
-0.73%
6M
6.32%
YTD
6.88%
1Y
14.68%
3Y*
11.62%
5Y*
6.32%
10Y*
8.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PMEFX vs. CONWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
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		6.88%11.95%13.58%0.20%-2.51%19.73%10.75%

Correlation

The correlation between PMEFX and CONWX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

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 0.29 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Penn Mutual Am 1847 Income Fund

Concorde Wealth Management Fund

Often compared with PMEFX:
PMEFX vs. MOPMEFX vs. AVEFXPMEFX vs. BERIXPMEFX vs. FYMIXPMEFX vs. AAAAXPMEFX vs. SICIXPMEFX vs. PUDZX
Often compared with CONWX:
CONWX vs. FRGAXCONWX vs. FDFIXCONWX vs. MACIXCONWX vs. HADAXCONWX vs. ATLAXCONWX vs. CMPVXCONWX vs. VTTVX

Return for Risk

PMEFX vs. CONWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMEFX
PMEFX Risk / Return Rank: 11
Overall Rank
PMEFX Sharpe Ratio Rank: 11
Sharpe Ratio Rank
PMEFX Sortino Ratio Rank: 11
Sortino Ratio Rank
PMEFX Omega Ratio Rank: 00
Omega Ratio Rank
PMEFX Calmar Ratio Rank: 11
Calmar Ratio Rank
PMEFX Martin Ratio Rank: 11
Martin Ratio Rank
CONWX
CONWX Risk / Return Rank: 7575
Overall Rank
CONWX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
CONWX Sortino Ratio Rank: 8080
Sortino Ratio Rank
CONWX Omega Ratio Rank: 7676
Omega Ratio Rank
CONWX Calmar Ratio Rank: 8686
Calmar Ratio Rank
CONWX Martin Ratio Rank: 5656
Martin Ratio Rank
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.

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.

PMEFXCONWXDifference
Sharpe ratioReturn per unit of total volatility
-0.61
2.10

-2.71

Sortino ratioReturn per unit of downside risk
-0.62
3.05

-3.66

Omega ratioGain probability vs. loss probability

0.75

1.38

-0.63

Calmar ratioReturn relative to maximum drawdown

-0.64

3.35

-3.99

Martin ratioReturn relative to average drawdown

-0.85

9.05

-9.90

PMEFX vs. CONWX - Sharpe Ratio Comparison

The current PMEFX Sharpe Ratio is -0.61, which is lower than the CONWX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of PMEFX and CONWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

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.

Loading charts...

Drawdown Indicators

PMEFXCONWXDifference

Max Drawdown

Largest 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

-12.65%

-12.49%

-0.16%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.09%

—

Current Drawdown

Current decline from peak

-7.19%

-3.21%

-3.98%

Average Drawdown

Average peak-to-trough decline

-3.15%

-2.79%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.02%

1.64%

+3.38%

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 2.09%. 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.

Loading charts...

Volatility by Period

PMEFXCONWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

2.09%

-2.09%

Volatility (6M)

Calculated over the trailing 6-month period

6.60%

5.25%

+1.35%

Volatility (1Y)

Calculated over the trailing 1-year period

7.66%

7.07%

+0.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.87%

10.19%

-2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.64%

11.00%

-3.36%

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 3.45% yield.

PositionTTM202520242023202220212020201920182017
CONWX
Concorde Wealth Management Fund		3.45%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 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CONWX has higher volatility (2.09%) 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 -0.60), 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.

Portfolio Optimizer

Find the right allocation for PMEFX and CONWX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer