TANDX vs. SAOPX
TANDX (Castle Tandem Fund) and SAOPX (Barrett Opportunity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, TANDX returned 2.31%/yr vs 13.55%/yr for SAOPX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. TANDX charges 1.59%/yr vs 1.18%/yr for SAOPX.
Performance
TANDX vs. SAOPX - Performance Comparison
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Returns By Period
In the year-to-date period, TANDX achieves a -6.75% return, which is significantly lower than SAOPX's 13.55% 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%
SAOPX
- 1D
- 1.38%
- 1M
- 6.02%
- 6M
- 12.54%
- YTD
- 13.55%
- 1Y
- 28.78%
- 3Y*
- 18.20%
- 5Y*
- 13.55%
- 10Y*
- 12.53%
- ALL TIME*
- 8.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
TANDX vs. SAOPX - 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% |
SAOPX Barrett Opportunity Fund | 13.55% | 12.76% | 20.81% | 17.85% | -6.39% | 31.64% | 1.23% | 8.24% |
Correlation
The correlation between TANDX and SAOPX is 0.52, 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. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.75 |
Over the past year, the correlation between TANDX and SAOPX has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
TANDX vs. SAOPX — Risk / Return Rank
TANDX
SAOPX
TANDX vs. SAOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Castle Tandem Fund (TANDX) and Barrett Opportunity Fund (SAOPX). 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 | SAOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.37 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.36 | -3.86 |
| Martin ratioReturn relative to average drawdown | -0.96 | 8.95 | -9.91 |
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Drawdowns
TANDX vs. SAOPX - Drawdown Comparison
The maximum TANDX drawdown since its inception was -93.98%, which is greater than SAOPX's maximum drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for TANDX and SAOPX.
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Drawdown Indicators
| TANDX | SAOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.98% | -65.75% | -28.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -7.64% | -9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -93.98% | -52.45% | -41.53% |
Max Drawdown (5Y)Largest decline over 5 years | -93.98% | -52.45% | -41.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.45% | — |
Current DrawdownCurrent decline from peak | -93.48% | -25.17% | -68.31% |
Average DrawdownAverage peak-to-trough decline | -21.84% | -12.50% | -9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.79% | 2.87% | +5.92% |
Volatility
TANDX vs. SAOPX - Volatility Comparison
Castle Tandem Fund (TANDX) has a higher volatility of 4.71% compared to Barrett Opportunity Fund (SAOPX) at 3.10%. This indicates that TANDX's price experiences larger fluctuations and is considered to be riskier than SAOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TANDX | SAOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 3.10% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 9.19% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 12.41% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 596.04% | 37.72% | +558.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 491.15% | 29.79% | +461.36% |
TANDX vs. SAOPX - Expense Ratio Comparison
TANDX has a 1.59% expense ratio, which is higher than SAOPX's 1.18% expense ratio.
Dividends
TANDX vs. SAOPX - Dividend Comparison
TANDX's dividend yield for the trailing twelve months is around 6.62%, less than SAOPX's 38.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAOPX Barrett Opportunity Fund | 38.54% | 43.76% | 68.76% | 28.25% | 13.34% | 12.53% | 6.24% | 10.08% | 15.51% | 6.06% | 26.77% | 11.55% |
TANDX Castle Tandem Fund | 6.62% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TANDX and SAOPX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TANDX has higher volatility (4.71%) compared to SAOPX (3.10%). In terms of maximum drawdown, TANDX dropped -93.98% vs SAOPX's -65.75%.
SAOPX currently has the higher Sharpe Ratio (2.07 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.
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