SPMAX vs. PFSLX
Compare and contrast key facts about Saratoga Mid Capitalization Portfolio (SPMAX) and Paradigm Select Fund (PFSLX).
SPMAX is managed by Saratoga. It was launched on Jun 28, 2002. PFSLX is managed by Paradigm Funds. It was launched on Jan 3, 2005.
Performance
SPMAX vs. PFSLX - Performance Comparison
Loading graphics...
SPMAX vs. PFSLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMAX Saratoga Mid Capitalization Portfolio | 1.93% | 9.76% | 17.27% | 15.52% | -11.91% | 19.87% | 9.67% | 29.93% | -16.98% | 12.86% |
PFSLX Paradigm Select Fund | 11.83% | 13.27% | 16.73% | 26.94% | -26.44% | 31.16% | 26.05% | 38.32% | -9.93% | 16.13% |
Returns By Period
In the year-to-date period, SPMAX achieves a 1.93% return, which is significantly lower than PFSLX's 11.83% return. Over the past 10 years, SPMAX has underperformed PFSLX with an annualized return of 8.56%, while PFSLX has yielded a comparatively higher 14.28% annualized return.
SPMAX
- 1D
- 4.06%
- 1M
- -7.59%
- YTD
- 1.93%
- 6M
- 3.24%
- 1Y
- 17.09%
- 3Y*
- 14.44%
- 5Y*
- 7.41%
- 10Y*
- 8.56%
PFSLX
- 1D
- 4.93%
- 1M
- -5.75%
- YTD
- 11.83%
- 6M
- 22.96%
- 1Y
- 45.46%
- 3Y*
- 19.79%
- 5Y*
- 9.58%
- 10Y*
- 14.28%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPMAX vs. PFSLX - Expense Ratio Comparison
SPMAX has a 2.06% expense ratio, which is higher than PFSLX's 1.16% expense ratio.
Return for Risk
SPMAX vs. PFSLX — Risk / Return Rank
SPMAX
PFSLX
SPMAX vs. PFSLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Mid Capitalization Portfolio (SPMAX) and Paradigm Select Fund (PFSLX). 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.
| SPMAX | PFSLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.65 | -0.82 |
Sortino ratioReturn per unit of downside risk | 1.27 | 2.30 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.36 | -1.92 |
Martin ratioReturn relative to average drawdown | 4.89 | 12.98 | -8.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPMAX | PFSLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.65 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.02 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.04 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.05 | +0.35 |
Correlation
The correlation between SPMAX and PFSLX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPMAX vs. PFSLX - Dividend Comparison
SPMAX's dividend yield for the trailing twelve months is around 32.26%, more than PFSLX's 0.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMAX Saratoga Mid Capitalization Portfolio | 32.26% | 32.89% | 18.90% | 1.28% | 2.11% | 16.31% | 9.56% | 0.01% | 13.58% | 8.25% | 8.08% | 5.04% |
PFSLX Paradigm Select Fund | 0.13% | 0.14% | 0.02% | 0.31% | 0.01% | 0.17% | 0.11% | 0.58% | 2.93% | 3.89% | 0.74% | 9.40% |
Drawdowns
SPMAX vs. PFSLX - Drawdown Comparison
The maximum SPMAX drawdown since its inception was -52.68%, smaller than the maximum PFSLX drawdown of -93.50%. Use the drawdown chart below to compare losses from any high point for SPMAX and PFSLX.
Loading graphics...
Drawdown Indicators
| SPMAX | PFSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -93.50% | +40.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -13.70% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.42% | -93.50% | +70.08% |
Max Drawdown (10Y)Largest decline over 10 years | -42.83% | -93.50% | +50.67% |
Current DrawdownCurrent decline from peak | -8.84% | -89.23% | +80.39% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -13.35% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.55% | +0.21% |
Volatility
SPMAX vs. PFSLX - Volatility Comparison
The current volatility for Saratoga Mid Capitalization Portfolio (SPMAX) is 9.01%, while Paradigm Select Fund (PFSLX) has a volatility of 11.60%. This indicates that SPMAX experiences smaller price fluctuations and is considered to be less risky than PFSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPMAX | PFSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.01% | 11.60% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 18.65% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 28.15% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.25% | 475.26% | -457.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 336.39% | -316.20% |