SRFMX vs. TANDX

Last updated Jun 5, 2026

SRFMX (Sarofim Equity Fund) and TANDX (Castle Tandem Fund) are both Large Cap Blend Equities funds. Over the past 5 years, SRFMX returned 7.76%/yr vs 1.44%/yr for TANDX. A 0.77 correlation means they provide meaningful diversification when combined. SRFMX charges 0.70%/yr vs 1.59%/yr for TANDX.

Performance

SRFMX vs. TANDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sarofim Equity Fund (SRFMX) and Castle Tandem Fund (TANDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRFMX achieves a 2.42% return, which is significantly higher than TANDX's -13.70% return.

SRFMX

• 1D: -1.30%
• 1M: 0.75%
• YTD: 2.42%
• 6M: 2.83%
• 1Y: 10.10%
• 3Y*: 12.55%
• 5Y*: 7.76%
• 10Y*: 12.77%

TANDX

• 1D: -0.59%
• 1M: -4.17%
• YTD: -13.70%
• 6M: -13.65%
• 1Y: -16.12%
• 3Y*: 0.95%
• 5Y*: 1.44%
• 10Y*: —

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

SRFMX vs. TANDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SRFMX Sarofim Equity Fund	2.42%	11.35%	13.67%	21.41%	-19.20%	27.72%	24.38%	19.57%
TANDX Castle Tandem Fund	-13.70%	3.67%	7.66%	8.42%	-7.87%	19.03%	13.39%	12.57%

Correlation

The correlation between SRFMX and TANDX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 25, 2019	0.77

The correlation between SRFMX and TANDX shifts across timeframes, from 0.58 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SRFMX vs. TANDX — Risk / Return Rank

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

SRFMX

SRFMX Risk / Return Rank: 11
SRFMX Sharpe Ratio Rank: 12
SRFMX Sortino Ratio Rank: 12
SRFMX Omega Ratio Rank: 12
SRFMX Calmar Ratio Rank: 10
SRFMX Martin Ratio Rank: 12

TANDX

TANDX Risk / Return Rank: 0
TANDX Sharpe Ratio Rank: 0
TANDX Sortino Ratio Rank: 0
TANDX Omega Ratio Rank: 0
TANDX Calmar Ratio Rank: 0
TANDX Martin Ratio Rank: 0

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.

SRFMX vs. TANDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sarofim Equity Fund (SRFMX) 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.

	SRFMX	TANDX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	-1.76	+2.64
Sortino ratio: Return per unit of downside risk	1.29	-2.37	+3.65
Omega ratio: Gain probability vs. loss probability	1.16	0.73	+0.43
Calmar ratio: Return relative to maximum drawdown	0.88	-0.98	+1.86
Martin ratio: Return relative to average drawdown	3.39	-2.34	+5.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRFMX vs. TANDX - Sharpe Ratio Comparison

The current SRFMX Sharpe Ratio is 0.89, which is higher than the TANDX Sharpe Ratio of -1.76. The chart below compares the historical Sharpe Ratios of SRFMX and TANDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SRFMX	TANDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	-1.76	+2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.00	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.01	+0.55

Drawdowns

SRFMX vs. TANDX - Drawdown Comparison

The maximum SRFMX drawdown since its inception was -32.46%, smaller than the maximum TANDX drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for SRFMX and TANDX.

Drawdown Indicators

	SRFMX	TANDX	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-93.96%	+61.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-16.62%	+4.57%
Max Drawdown (3Y) Largest decline over 3 years	-16.95%	-93.96%	+77.01%
Max Drawdown (5Y) Largest decline over 5 years	-27.63%	-93.96%	+66.33%
Max Drawdown (10Y) Largest decline over 10 years	-32.46%	—	—
Current Drawdown Current decline from peak	-2.26%	-93.96%	+91.70%
Average Drawdown Average peak-to-trough decline	-5.88%	-20.29%	+14.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	6.93%	-3.81%

Volatility

SRFMX vs. TANDX - Volatility Comparison

Sarofim Equity Fund (SRFMX) has a higher volatility of 3.01% compared to Castle Tandem Fund (TANDX) at 2.53%. This indicates that SRFMX's price experiences larger fluctuations and is considered to be riskier than TANDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRFMX	TANDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.53%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	7.19%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	9.27%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	595.57%	-577.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	496.41%	-477.80%

SRFMX vs. TANDX - Expense Ratio Comparison

SRFMX has a 0.70% expense ratio, which is lower than TANDX's 1.59% expense ratio.

Dividends

SRFMX vs. TANDX - Dividend Comparison

SRFMX's dividend yield for the trailing twelve months is around 31.27%, more than TANDX's 7.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SRFMX Sarofim Equity Fund	31.27%	31.88%	18.62%	11.14%	8.76%	8.36%	7.36%	5.03%	7.42%	5.41%	1.68%
TANDX Castle Tandem Fund	7.15%	6.17%	3.71%	2.10%	1.48%	4.57%	0.33%	0.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SRFMX and TANDX in my portfolio?

SRFMX and TANDX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRFMX or TANDX?

SRFMX has higher volatility (3.01%) compared to TANDX (2.53%). In terms of maximum drawdown, SRFMX dropped -32.46% vs TANDX's -93.96%.

Which has better risk-adjusted returns?

SRFMX currently has the higher Sharpe Ratio (0.89 vs -1.76), 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.