PVFIX vs. CONWX

Last updated Aug 1, 2026

PVFIX (Pinnacle Value Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 10 years, PVFIX returned 6.80%/yr vs 8.13%/yr for CONWX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. PVFIX charges 1.24%/yr vs 1.41%/yr for CONWX.

Performance

PVFIX vs. CONWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pinnacle Value Fund (PVFIX) and Concorde Wealth Management Fund (CONWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVFIX achieves a 13.12% return, which is significantly higher than CONWX's 7.66% return. Over the past 10 years, PVFIX has underperformed CONWX with an annualized return of 6.80%, while CONWX has yielded a comparatively higher 8.13% annualized return.

PVFIX

• 1D: 0.73%
• 1M: 1.46%
• 6M: 7.97%
• YTD: 13.12%
• 1Y: 23.54%
• 3Y*: 13.66%
• 5Y*: 8.92%
• 10Y*: 6.80%
• ALL TIME*: 7.69%

CONWX

• 1D: 0.19%
• 1M: 0.73%
• 6M: 3.04%
• YTD: 7.66%
• 1Y: 16.33%
• 3Y*: 11.21%
• 5Y*: 6.58%
• 10Y*: 8.13%
• ALL TIME*: 8.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CONWX Concorde Wealth Management Fund	$0.00	$0.00	$0.00
PVFIX Pinnacle Value Fund	$0.00	$0.00	$0.00

PVFIX vs. CONWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PVFIX Pinnacle Value Fund	13.12%	5.95%	10.54%	25.38%	-7.48%	14.12%	3.57%	13.47%	-11.70%	-0.13%
CONWX Concorde Wealth Management Fund	7.66%	11.95%	13.58%	0.20%	-2.51%	19.73%	8.76%	16.84%	-1.95%	7.17%

Correlation

The correlation between PVFIX and CONWX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (10Y) Provides a long-term view across more market conditions.	0.63
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.63

Over the past year, the correlation between PVFIX and CONWX has dropped to 0.43 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

PVFIX vs. CONWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PVFIX

PVFIX Risk / Return Rank: 89
PVFIX Sharpe Ratio Rank: 87
PVFIX Sortino Ratio Rank: 88
PVFIX Omega Ratio Rank: 83
PVFIX Calmar Ratio Rank: 95
PVFIX Martin Ratio Rank: 90

CONWX

CONWX Risk / Return Rank: 83
CONWX Sharpe Ratio Rank: 87
CONWX Sortino Ratio Rank: 87
CONWX Omega Ratio Rank: 82
CONWX Calmar Ratio Rank: 91
CONWX Martin Ratio Rank: 67

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PVFIX vs. CONWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pinnacle Value Fund (PVFIX) 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.

	PVFIX	CONWX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.15	+0.02
Sortino ratio: Return per unit of downside risk	3.28	3.15	+0.13
Omega ratio: Gain probability vs. loss probability	1.40	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	4.22	3.43	+0.79
Martin ratio: Return relative to average drawdown	12.54	8.32	+4.22

PVFIX vs. CONWX - Sharpe Ratio Comparison

The current PVFIX Sharpe Ratio is 2.17, which is comparable to the CONWX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of PVFIX 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.

Drawdowns

PVFIX vs. CONWX - Drawdown Comparison

The maximum PVFIX drawdown since its inception was -97.80%, which is greater than CONWX's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for PVFIX and CONWX.

Drawdown Indicators

	PVFIX	CONWX	Difference
Max Drawdown Largest peak-to-trough decline	-97.80%	-26.09%	-71.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-4.44%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-97.80%	-9.86%	-87.94%
Max Drawdown (5Y) Largest decline over 5 years	-97.80%	-12.49%	-85.31%
Max Drawdown (10Y) Largest decline over 10 years	-97.80%	-26.09%	-71.71%
Current Drawdown Current decline from peak	-97.01%	-2.50%	-94.51%
Average Drawdown Average peak-to-trough decline	-10.69%	-2.79%	-7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.83%	-0.09%

Volatility

PVFIX vs. CONWX - Volatility Comparison

Pinnacle Value Fund (PVFIX) has a higher volatility of 2.13% compared to Concorde Wealth Management Fund (CONWX) at 1.88%. This indicates that PVFIX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVFIX	CONWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	1.88%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	5.96%	5.07%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	7.07%	+3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,038.30%	10.15%	+1,028.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	733.82%	10.99%	+722.83%

PVFIX vs. CONWX - Expense Ratio Comparison

PVFIX has a 1.24% expense ratio, which is lower than CONWX's 1.41% expense ratio.

Dividends

PVFIX vs. CONWX - Dividend Comparison

PVFIX's dividend yield for the trailing twelve months is around 8.35%, more than CONWX's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
PVFIX Pinnacle Value Fund	8.35%	9.44%	13.80%	6.07%	1.13%	7.71%	0.00%	4.74%	4.45%	3.01%	6.90%	9.41%

Frequently Asked Questions

Can I hold both PVFIX and CONWX in my portfolio?

PVFIX and CONWX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVFIX or CONWX?

PVFIX has higher volatility (2.13%) compared to CONWX (1.88%). In terms of maximum drawdown, PVFIX dropped -97.80% vs CONWX's -26.09%.

Which has better risk-adjusted returns?

PVFIX currently has the higher Sharpe Ratio (2.17 vs 2.15), 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.