SAOPX vs. TANDX
SAOPX (Barrett Opportunity Fund) and TANDX (Castle Tandem Fund) are both Large Cap Blend Equities funds. Over the past 5 years, SAOPX returned 13.55%/yr vs 2.31%/yr for TANDX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SAOPX charges 1.18%/yr vs 1.59%/yr for TANDX.
Performance
SAOPX vs. TANDX - Performance Comparison
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Returns By Period
In the year-to-date period, SAOPX achieves a 13.55% return, which is significantly higher than TANDX's -6.75% return.
SAOPX
- 1D
- 1.38%
- 1M
- 6.02%
- 6M
- 12.54%
- YTD
- 13.55%
- 1Y
- 28.78%
- 3Y*
- 18.20%
- 5Y*
- 13.55%
- 10Y*
- 12.53%
- ALL TIME*
- 8.39%
TANDX
- 1D
- -0.76%
- 1M
- 3.12%
- 6M
- -5.57%
- YTD
- -6.75%
- 1Y
- -7.42%
- 3Y*
- 1.92%
- 5Y*
- 2.31%
- 10Y*
- —
- ALL TIME*
- 6.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
SAOPX vs. TANDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SAOPX Barrett Opportunity Fund | 13.55% | 12.76% | 20.81% | 17.85% | -6.39% | 31.64% | 1.23% | 8.24% |
TANDX Castle Tandem Fund | -6.75% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 13.39% | 12.57% |
Correlation
The correlation between SAOPX and TANDX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.75 |
Over the past year, the correlation between SAOPX and TANDX has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
SAOPX vs. TANDX — Risk / Return Rank
SAOPX
TANDX
SAOPX vs. TANDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrett Opportunity Fund (SAOPX) and Castle Tandem Fund (TANDX). 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.
| SAOPX | TANDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.96 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.88 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.50 | +3.86 |
| Martin ratioReturn relative to average drawdown | 8.95 | -0.96 | +9.91 |
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Drawdowns
SAOPX vs. TANDX - Drawdown Comparison
The maximum SAOPX drawdown since its inception was -65.75%, smaller than the maximum TANDX drawdown of -93.98%. Use the drawdown chart below to compare losses from any high point for SAOPX and TANDX.
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Drawdown Indicators
| SAOPX | TANDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -93.98% | +28.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -16.88% | +9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -52.45% | -93.98% | +41.53% |
Max Drawdown (5Y)Largest decline over 5 years | -52.45% | -93.98% | +41.53% |
Max Drawdown (10Y)Largest decline over 10 years | -52.45% | — | — |
Current DrawdownCurrent decline from peak | -25.17% | -93.48% | +68.31% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -21.84% | +9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 8.79% | -5.92% |
Volatility
SAOPX vs. TANDX - Volatility Comparison
The current volatility for Barrett Opportunity Fund (SAOPX) is 3.10%, while Castle Tandem Fund (TANDX) has a volatility of 4.71%. This indicates that SAOPX experiences smaller price fluctuations and is considered to be less risky than TANDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAOPX | TANDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 4.71% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 8.74% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 10.68% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.72% | 596.04% | -558.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.79% | 491.15% | -461.36% |
SAOPX vs. TANDX - Expense Ratio Comparison
SAOPX has a 1.18% expense ratio, which is lower than TANDX's 1.59% expense ratio.
Dividends
SAOPX vs. TANDX - Dividend Comparison
SAOPX's dividend yield for the trailing twelve months is around 38.54%, more than TANDX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAOPX Barrett Opportunity Fund | 38.54% | 43.76% | 68.76% | 28.25% | 13.34% | 12.53% | 6.24% | 10.08% | 15.51% | 6.06% | 26.77% | 11.55% |
TANDX Castle Tandem Fund | 6.62% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAOPX and TANDX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TANDX has higher volatility (4.71%) compared to SAOPX (3.10%). In terms of maximum drawdown, SAOPX dropped -65.75% vs TANDX's -93.98%.
SAOPX currently has the higher Sharpe Ratio (2.07 vs -0.80), 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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