TANDX vs. MWMIX

Last updated Aug 1, 2026

TANDX (Castle Tandem Fund) and MWMIX (VanEck Morningstar Wide Moat Fund) are both Large Cap Blend Equities funds. Over the past 5 years, TANDX returned 2.31%/yr vs 7.49%/yr for MWMIX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. TANDX charges 1.59%/yr vs 0.59%/yr for MWMIX.

Performance

TANDX vs. MWMIX - Performance Comparison

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

Returns By Period

In the year-to-date period, TANDX achieves a -6.75% return, which is significantly lower than MWMIX's 4.05% return.

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%

MWMIX

• 1D: -0.09%
• 1M: 1.37%
• 6M: 2.88%
• YTD: 4.05%
• 1Y: 13.95%
• 3Y*: 8.29%
• 5Y*: 7.49%
• 10Y*: —
• ALL TIME*: 11.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MWMIX VanEck Morningstar Wide Moat Fund	$0.00	$0.00	$0.00
TANDX Castle Tandem Fund	$0.00	$0.00	$0.00

TANDX vs. MWMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TANDX Castle Tandem Fund	-6.75%	3.67%	7.66%	8.42%	-7.87%	19.03%	13.39%	12.57%
MWMIX VanEck Morningstar Wide Moat Fund	4.05%	13.17%	10.30%	25.20%	-13.46%	24.12%	14.15%	17.99%

Correlation

The correlation between TANDX and MWMIX is 0.71, 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.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.78

The correlation between TANDX and MWMIX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Return for Risk

TANDX vs. MWMIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TANDX

TANDX Risk / Return Rank: 1
TANDX Sharpe Ratio Rank: 0
TANDX Sortino Ratio Rank: 0
TANDX Omega Ratio Rank: 1
TANDX Calmar Ratio Rank: 1
TANDX Martin Ratio Rank: 1

MWMIX

MWMIX Risk / Return Rank: 21
MWMIX Sharpe Ratio Rank: 23
MWMIX Sortino Ratio Rank: 24
MWMIX Omega Ratio Rank: 21
MWMIX Calmar Ratio Rank: 19
MWMIX Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TANDX vs. MWMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castle Tandem Fund (TANDX) and VanEck Morningstar Wide Moat Fund (MWMIX). 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.

	TANDX	MWMIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	0.81	-1.60
Sortino ratio: Return per unit of downside risk	-1.08	1.24	-2.32
Omega ratio: Gain probability vs. loss probability	0.88	1.14	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.50	0.91	-1.42
Martin ratio: Return relative to average drawdown	-0.96	2.72	-3.68

TANDX vs. MWMIX - Sharpe Ratio Comparison

The current TANDX Sharpe Ratio is -0.80, which is lower than the MWMIX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of TANDX and MWMIX, 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

TANDX vs. MWMIX - Drawdown Comparison

The maximum TANDX drawdown since its inception was -93.98%, which is greater than MWMIX's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for TANDX and MWMIX.

Drawdown Indicators

	TANDX	MWMIX	Difference
Max Drawdown Largest peak-to-trough decline	-93.98%	-33.03%	-60.95%
Max Drawdown (1Y) Largest decline over 1 year	-16.88%	-12.42%	-4.46%
Max Drawdown (3Y) Largest decline over 3 years	-93.98%	-21.66%	-72.32%
Max Drawdown (5Y) Largest decline over 5 years	-93.98%	-23.90%	-70.08%
Current Drawdown Current decline from peak	-93.48%	-0.29%	-93.19%
Average Drawdown Average peak-to-trough decline	-21.84%	-4.76%	-17.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.79%	4.18%	+4.61%

Volatility

TANDX vs. MWMIX - Volatility Comparison

Castle Tandem Fund (TANDX) has a higher volatility of 4.71% compared to VanEck Morningstar Wide Moat Fund (MWMIX) at 4.14%. This indicates that TANDX's price experiences larger fluctuations and is considered to be riskier than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TANDX	MWMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	4.14%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	10.50%	-1.76%
Volatility (1Y) Calculated over the trailing 1-year period	10.68%	14.08%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	596.04%	18.75%	+577.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	491.15%	20.38%	+470.77%

TANDX vs. MWMIX - Expense Ratio Comparison

TANDX has a 1.59% expense ratio, which is higher than MWMIX's 0.59% expense ratio.

Dividends

TANDX vs. MWMIX - Dividend Comparison

TANDX's dividend yield for the trailing twelve months is around 6.62%, less than MWMIX's 11.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MWMIX VanEck Morningstar Wide Moat Fund	11.98%	12.47%	10.34%	0.77%	11.44%	13.44%	8.22%	10.84%	9.48%	0.26%
TANDX Castle Tandem Fund	6.62%	6.17%	3.71%	2.10%	1.48%	4.57%	0.33%	0.37%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TANDX and MWMIX in my portfolio?

TANDX and MWMIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TANDX or MWMIX?

TANDX has higher volatility (4.71%) compared to MWMIX (4.14%). In terms of maximum drawdown, TANDX dropped -93.98% vs MWMIX's -33.03%.

Which has better risk-adjusted returns?

MWMIX currently has the higher Sharpe Ratio (0.81 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.