PMEFX vs. CSTAX
PMEFX (Penn Mutual Am 1847 Income Fund) and CSTAX (American Funds College 2027 Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.62%/yr vs 2.80%/yr for CSTAX. A 0.66 correlation means they provide meaningful diversification when combined. PMEFX charges 0.65%/yr vs 0.41%/yr for CSTAX.
Performance
PMEFX vs. CSTAX - Performance Comparison
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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*
- —
CSTAX
- 1D
- 0.16%
- 1M
- 0.48%
- 6M
- 1.71%
- YTD
- 1.79%
- 1Y
- 5.61%
- 3Y*
- 6.98%
- 5Y*
- 2.80%
- 10Y*
- 4.96%
PMEFX vs. CSTAX - 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% |
CSTAX American Funds College 2027 Fund | 1.79% | 9.00% | 5.57% | 6.57% | -9.87% | 6.52% | 4.41% |
Correlation
The correlation between PMEFX and CSTAX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
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 | 0.66 |
Over the past year, the correlation between PMEFX and CSTAX has dropped to 0.25 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
PMEFX vs. CSTAX — Risk / Return Rank
PMEFX
CSTAX
PMEFX vs. CSTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual Am 1847 Income Fund (PMEFX) and American Funds College 2027 Fund (CSTAX). 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 | CSTAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.35 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 2.04 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.85 | 7.72 | -8.57 |
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Drawdowns
PMEFX vs. CSTAX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum CSTAX drawdown of -14.52%. Use the drawdown chart below to compare losses from any high point for PMEFX and CSTAX.
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Drawdown Indicators
| PMEFX | CSTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -14.52% | +1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -2.72% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -4.89% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -12.65% | -14.52% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.52% | — |
Current DrawdownCurrent decline from peak | -7.19% | -0.08% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -2.34% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 0.72% | +4.30% |
Volatility
PMEFX vs. CSTAX - Volatility Comparison
The current volatility for Penn Mutual Am 1847 Income Fund (PMEFX) is 0.00%, while American Funds College 2027 Fund (CSTAX) has a volatility of 1.17%. This indicates that PMEFX experiences smaller price fluctuations and is considered to be less risky than CSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEFX | CSTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.17% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 2.49% | +4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.66% | 3.09% | +4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 5.17% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 5.71% | +1.93% |
PMEFX vs. CSTAX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is higher than CSTAX's 0.41% expense ratio.
Dividends
PMEFX vs. CSTAX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, more than CSTAX's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSTAX American Funds College 2027 Fund | 5.17% | 5.26% | 3.78% | 3.17% | 3.40% | 7.52% | 5.72% | 4.00% | 4.78% | 3.90% | 4.34% | 4.49% |
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 CSTAX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSTAX has higher volatility (1.17%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs CSTAX's -14.52%.
CSTAX currently has the higher Sharpe Ratio (1.79 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.
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