PORTX vs. TSMDX

Last updated Jun 26, 2026

PORTX (Trillium ESG Global Equity Fund) and TSMDX (Trillium ESG Small/Mid Cap Fund) are both mutual funds - PORTX is a Global Equities fund managed by Trillium Mutual Funds, while TSMDX is a Mid Cap Blend Equities fund managed by Trillium Mutual Funds. Over the past 10 years, PORTX returned 9.88%/yr vs 9.21%/yr for TSMDX. Their correlation of 0.83 suggests significant overlap in exposure. PORTX charges 1.30%/yr vs 1.36%/yr for TSMDX.

Performance

PORTX vs. TSMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trillium ESG Global Equity Fund (PORTX) and Trillium ESG Small/Mid Cap Fund (TSMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PORTX achieves a 5.75% return, which is significantly lower than TSMDX's 8.20% return. Over the past 10 years, PORTX has outperformed TSMDX with an annualized return of 9.88%, while TSMDX has yielded a comparatively lower 9.21% annualized return.

PORTX

• 1D: 0.07%
• 1M: -0.86%
• YTD: 5.75%
• 6M: 4.92%
• 1Y: -0.79%
• 3Y*: 6.93%
• 5Y*: 2.38%
• 10Y*: 9.88%

TSMDX

• 1D: 0.86%
• 1M: 1.96%
• YTD: 8.20%
• 6M: 6.19%
• 1Y: 16.93%
• 3Y*: 9.69%
• 5Y*: 3.41%
• 10Y*: 9.21%

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

PORTX vs. TSMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PORTX Trillium ESG Global Equity Fund	5.75%	1.15%	7.67%	19.02%	-24.04%	22.16%	24.56%	28.20%	-7.24%	27.89%
TSMDX Trillium ESG Small/Mid Cap Fund	8.20%	7.85%	7.73%	9.42%	-17.85%	23.18%	15.93%	25.84%	-13.14%	18.99%

Correlation

The correlation between PORTX and TSMDX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 3, 2015	0.83

The correlation between PORTX and TSMDX has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

Return for Risk

PORTX vs. TSMDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PORTX

PORTX Risk / Return Rank: 3
PORTX Sharpe Ratio Rank: 3
PORTX Sortino Ratio Rank: 3
PORTX Omega Ratio Rank: 3
PORTX Calmar Ratio Rank: 3
PORTX Martin Ratio Rank: 3

TSMDX

TSMDX Risk / Return Rank: 30
TSMDX Sharpe Ratio Rank: 30
TSMDX Sortino Ratio Rank: 32
TSMDX Omega Ratio Rank: 26
TSMDX Calmar Ratio Rank: 29
TSMDX Martin Ratio Rank: 32

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.

PORTX vs. TSMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trillium ESG Global Equity Fund (PORTX) and Trillium ESG Small/Mid Cap Fund (TSMDX). 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.

	PORTX	TSMDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	1.28	-1.34
Sortino ratio: Return per unit of downside risk	0.07	1.97	-1.90
Omega ratio: Gain probability vs. loss probability	1.01	1.22	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.05	1.69	-1.74
Martin ratio: Return relative to average drawdown	-0.11	6.18	-6.29

PORTX vs. TSMDX - Sharpe Ratio Comparison

The current PORTX Sharpe Ratio is -0.05, which is lower than the TSMDX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of PORTX and TSMDX, 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

PORTX vs. TSMDX - Drawdown Comparison

The maximum PORTX drawdown since its inception was -51.71%, which is greater than TSMDX's maximum drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for PORTX and TSMDX.

Drawdown Indicators

	PORTX	TSMDX	Difference
Max Drawdown Largest peak-to-trough decline	-51.71%	-40.15%	-11.56%
Max Drawdown (1Y) Largest decline over 1 year	-20.78%	-11.65%	-9.13%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-23.21%	-1.35%
Max Drawdown (5Y) Largest decline over 5 years	-31.32%	-27.54%	-3.78%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-40.15%	+8.81%
Current Drawdown Current decline from peak	-9.02%	-0.34%	-8.68%
Average Drawdown Average peak-to-trough decline	-11.72%	-7.61%	-4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.43%	2.97%	+5.46%

Volatility

PORTX vs. TSMDX - Volatility Comparison

The current volatility for Trillium ESG Global Equity Fund (PORTX) is 4.69%, while Trillium ESG Small/Mid Cap Fund (TSMDX) has a volatility of 4.96%. This indicates that PORTX experiences smaller price fluctuations and is considered to be less risky than TSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PORTX	TSMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.96%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	18.81%	11.54%	+7.27%
Volatility (1Y) Calculated over the trailing 1-year period	20.74%	15.31%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	19.53%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	20.62%	-2.49%

PORTX vs. TSMDX - Expense Ratio Comparison

PORTX has a 1.30% expense ratio, which is lower than TSMDX's 1.36% expense ratio.

Dividends

PORTX vs. TSMDX - Dividend Comparison

Neither PORTX nor TSMDX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PORTX Trillium ESG Global Equity Fund	0.00%	0.00%	12.61%	5.84%	3.55%	2.61%	1.85%	2.32%	4.50%	2.46%	4.66%	5.86%
TSMDX Trillium ESG Small/Mid Cap Fund	0.00%	0.00%	6.29%	2.47%	2.80%	2.24%	0.12%	4.62%	5.09%	1.72%	1.57%	0.00%

Frequently Asked Questions

Can I hold both PORTX and TSMDX in my portfolio?

PORTX and TSMDX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PORTX or TSMDX?

TSMDX has higher volatility (4.96%) compared to PORTX (4.69%). In terms of maximum drawdown, PORTX dropped -51.71% vs TSMDX's -40.15%.

Which has better risk-adjusted returns?

TSMDX currently has the higher Sharpe Ratio (1.28 vs -0.05), 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.