SBASX vs. WITAX

Last updated Jun 23, 2026

SBASX (Segall Bryant & Hamill Small Cap Core Fund) and WITAX (Segall Bryant & Hamill Municipal Opportunities Fund) are both mutual funds - SBASX is a Small Cap Growth Equities fund managed by Segall Bryant & Hamill, while WITAX is a Municipal Bonds fund managed by Segall Bryant & Hamill. Over the past 5 years, SBASX returned 8.87%/yr vs 0.90%/yr for WITAX. At a 0.09 correlation, their price movements are largely independent. SBASX charges 0.99%/yr vs 0.50%/yr for WITAX.

Performance

SBASX vs. WITAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Segall Bryant & Hamill Small Cap Core Fund (SBASX) and Segall Bryant & Hamill Municipal Opportunities Fund (WITAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBASX achieves a 20.42% return, which is significantly higher than WITAX's 1.84% return.

SBASX

• 1D: 2.11%
• 1M: 7.61%
• YTD: 20.42%
• 6M: 17.58%
• 1Y: 32.53%
• 3Y*: 15.43%
• 5Y*: 8.87%
• 10Y*: —

WITAX

• 1D: 0.10%
• 1M: 1.31%
• YTD: 1.84%
• 6M: 2.08%
• 1Y: 6.17%
• 3Y*: 4.68%
• 5Y*: 0.90%
• 10Y*: —

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

SBASX vs. WITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SBASX Segall Bryant & Hamill Small Cap Core Fund	20.42%	3.95%	11.89%	13.96%	-13.13%	23.52%	22.80%	0.00%
WITAX Segall Bryant & Hamill Municipal Opportunities Fund	1.84%	5.32%	3.09%	5.50%	-11.11%	2.87%	6.71%	0.00%

Correlation

The correlation between SBASX and WITAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.09

The correlation between SBASX and WITAX shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SBASX vs. WITAX — Risk / Return Rank

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

SBASX

SBASX Risk / Return Rank: 48
SBASX Sharpe Ratio Rank: 43
SBASX Sortino Ratio Rank: 46
SBASX Omega Ratio Rank: 38
SBASX Calmar Ratio Rank: 59
SBASX Martin Ratio Rank: 54

WITAX

WITAX Risk / Return Rank: 85
WITAX Sharpe Ratio Rank: 98
WITAX Sortino Ratio Rank: 97
WITAX Omega Ratio Rank: 97
WITAX Calmar Ratio Rank: 70
WITAX Martin Ratio Rank: 63

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.

SBASX vs. WITAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Small Cap Core Fund (SBASX) and Segall Bryant & Hamill Municipal Opportunities Fund (WITAX). 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.

	SBASX	WITAX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	3.42	-1.64
Sortino ratio: Return per unit of downside risk	2.62	5.43	-2.81
Omega ratio: Gain probability vs. loss probability	1.31	1.86	-0.56
Calmar ratio: Return relative to maximum drawdown	2.83	3.07	-0.24
Martin ratio: Return relative to average drawdown	10.27	11.61	-1.34

SBASX vs. WITAX - Sharpe Ratio Comparison

The current SBASX Sharpe Ratio is 1.77, which is lower than the WITAX Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of SBASX and WITAX, 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

SBASX vs. WITAX - Drawdown Comparison

The maximum SBASX drawdown since its inception was -34.34%, which is greater than WITAX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for SBASX and WITAX.

Drawdown Indicators

	SBASX	WITAX	Difference
Max Drawdown Largest peak-to-trough decline	-34.34%	-13.87%	-20.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-2.02%	-9.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.56%	-3.27%	-23.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.56%	-13.87%	-12.69%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.21%	-2.92%	-5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	0.53%	+2.61%

Volatility

SBASX vs. WITAX - Volatility Comparison

Segall Bryant & Hamill Small Cap Core Fund (SBASX) has a higher volatility of 5.99% compared to Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) at 0.53%. This indicates that SBASX's price experiences larger fluctuations and is considered to be riskier than WITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBASX	WITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	0.53%	+5.46%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	1.40%	+12.35%
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	1.81%	+16.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	2.90%	+16.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	3.10%	+19.12%

SBASX vs. WITAX - Expense Ratio Comparison

SBASX has a 0.99% expense ratio, which is higher than WITAX's 0.50% expense ratio.

Dividends

SBASX vs. WITAX - Dividend Comparison

SBASX's dividend yield for the trailing twelve months is around 4.64%, more than WITAX's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBASX Segall Bryant & Hamill Small Cap Core Fund	4.64%	5.58%	5.48%	3.65%	2.10%	18.57%	0.00%	0.00%	0.00%	0.00%
WITAX Segall Bryant & Hamill Municipal Opportunities Fund	3.17%	3.49%	3.68%	3.61%	3.17%	2.75%	3.30%	4.19%	3.56%	3.76%

Frequently Asked Questions

Can I hold both SBASX and WITAX in my portfolio?

SBASX and WITAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBASX or WITAX?

SBASX has higher volatility (5.99%) compared to WITAX (0.53%). In terms of maximum drawdown, SBASX dropped -34.34% vs WITAX's -13.87%.

Which has better risk-adjusted returns?

WITAX currently has the higher Sharpe Ratio (3.42 vs 1.77), 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.