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SSHFX vs. TOWFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SSHFX vs. TOWFX

Last updated Jun 24, 2026

SSHFX (Sound Shore Fund) and TOWFX (Towpath Focus Fund) are both Large Cap Value Equities funds. Over the past 5 years, SSHFX returned 11.42%/yr vs 11.32%/yr for TOWFX. Their correlation of 0.88 suggests significant overlap in exposure. SSHFX charges 0.93%/yr vs 1.11%/yr for TOWFX.

Performance

SSHFX vs. TOWFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sound Shore Fund (SSHFX) and Towpath Focus Fund (TOWFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with SSHFX having a 6.20% return and TOWFX slightly higher at 6.31%.

SSHFX

1D
0.00%
1M
2.21%
YTD
6.20%
6M
4.90%
1Y
26.30%
3Y*
20.39%
5Y*
11.42%
10Y*
11.99%

TOWFX

1D
-0.25%
1M
-1.03%
YTD
6.31%
6M
5.69%
1Y
22.98%
3Y*
18.30%
5Y*
11.32%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SSHFX vs. TOWFX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SSHFX
Sound Shore Fund		6.20%18.15%22.42%17.43%-10.64%23.76%7.74%0.21%
TOWFX
Towpath Focus Fund		6.31%23.51%13.22%12.33%-2.06%26.52%19.46%0.00%

Correlation

The correlation between SSHFX and TOWFX is 0.72, 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

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Dec 31, 2019

0.88

The correlation between SSHFX and TOWFX shifts across timeframes, from 0.72 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Sound Shore Fund

Towpath Focus Fund

Often compared with SSHFX:
SSHFX vs. VOOSSHFX vs. MGKSSHFX vs. VTVSSHFX vs. NYVTXSSHFX vs. SLVRXSSHFX vs. SSHVXSSHFX vs. VIG
Often compared with TOWFX:
TOWFX vs. PRWAXTOWFX vs. AVLVXTOWFX vs. APFWXTOWFX vs. AFVLXTOWFX vs. OANMXTOWFX vs. VEIPXTOWFX vs. FDETX

Return for Risk

SSHFX vs. TOWFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SSHFX
SSHFX Risk / Return Rank: 5353
Overall Rank
SSHFX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SSHFX Sortino Ratio Rank: 5252
Sortino Ratio Rank
SSHFX Omega Ratio Rank: 4747
Omega Ratio Rank
SSHFX Calmar Ratio Rank: 5959
Calmar Ratio Rank
SSHFX Martin Ratio Rank: 5454
Martin Ratio Rank
TOWFX
TOWFX Risk / Return Rank: 8585
Overall Rank
TOWFX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
TOWFX Sortino Ratio Rank: 8484
Sortino Ratio Rank
TOWFX Omega Ratio Rank: 7474
Omega Ratio Rank
TOWFX Calmar Ratio Rank: 9393
Calmar Ratio Rank
TOWFX Martin Ratio Rank: 9393
Martin Ratio Rank
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.

SSHFX vs. TOWFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sound Shore Fund (SSHFX) and Towpath Focus Fund (TOWFX). 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.

SSHFXTOWFXDifference
Sharpe ratioReturn per unit of total volatility
1.95
2.50

-0.55

Sortino ratioReturn per unit of downside risk
2.79
3.66

-0.88

Omega ratioGain probability vs. loss probability

1.34

1.44

-0.10

Calmar ratioReturn relative to maximum drawdown

2.82

4.87

-2.05

Martin ratioReturn relative to average drawdown

10.21

18.22

-8.01

SSHFX vs. TOWFX - Sharpe Ratio Comparison

The current SSHFX Sharpe Ratio is 1.95, which is comparable to the TOWFX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of SSHFX and TOWFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SSHFX vs. TOWFX - Drawdown Comparison

The maximum SSHFX drawdown since its inception was -52.63%, smaller than the maximum TOWFX drawdown of -96.18%. Use the drawdown chart below to compare losses from any high point for SSHFX and TOWFX.

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Drawdown Indicators

SSHFXTOWFXDifference

Max Drawdown

Largest peak-to-trough decline

-52.63%

-96.18%

+43.55%

Max Drawdown (1Y)

Largest decline over 1 year

-9.67%

-4.72%

-4.95%

Max Drawdown (3Y)

Largest decline over 3 years

-17.76%

-96.18%

+78.42%

Max Drawdown (5Y)

Largest decline over 5 years

-23.92%

-96.18%

+72.26%

Max Drawdown (10Y)

Largest decline over 10 years

-39.91%

—

—

Current Drawdown

Current decline from peak

-0.85%

-94.74%

+93.89%

Average Drawdown

Average peak-to-trough decline

-7.52%

-23.58%

+16.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

1.26%

+1.40%

Volatility

SSHFX vs. TOWFX - Volatility Comparison

Sound Shore Fund (SSHFX) has a higher volatility of 5.28% compared to Towpath Focus Fund (TOWFX) at 2.87%. This indicates that SSHFX's price experiences larger fluctuations and is considered to be riskier than TOWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SSHFXTOWFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.28%

2.87%

+2.41%

Volatility (6M)

Calculated over the trailing 6-month period

10.97%

6.92%

+4.05%

Volatility (1Y)

Calculated over the trailing 1-year period

14.00%

9.19%

+4.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.13%

1,041.97%

-1,024.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.05%

916.34%

-897.29%

SSHFX vs. TOWFX - Expense Ratio Comparison

SSHFX has a 0.93% expense ratio, which is lower than TOWFX's 1.11% expense ratio.

Dividends

SSHFX vs. TOWFX - Dividend Comparison

SSHFX's dividend yield for the trailing twelve months is around 12.68%, more than TOWFX's 1.72% yield.

PositionTTM20252024202320222021202020192018201720162015
SSHFX
Sound Shore Fund		12.68%13.60%25.89%4.51%4.76%27.20%7.86%7.61%8.35%11.83%7.14%12.42%
TOWFX
Towpath Focus Fund		1.72%1.82%1.49%2.81%2.05%5.69%5.94%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SSHFX and TOWFX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SSHFX has higher volatility (5.28%) compared to TOWFX (2.87%). In terms of maximum drawdown, SSHFX dropped -52.63% vs TOWFX's -96.18%.

TOWFX currently has the higher Sharpe Ratio (2.50 vs 1.95), 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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