TOWTX vs. WIREX

Last updated Apr 1, 2026

Compare and contrast key facts about Towpath Technology Fund (TOWTX) and Wireless Fund (WIREX).

TOWTX is managed by Oelschlager Investments. It was launched on Feb 2, 2021. WIREX is managed by Wireless. It was launched on Apr 3, 2000.

Performance

TOWTX vs. WIREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Towpath Technology Fund (TOWTX) and Wireless Fund (WIREX). The values are adjusted to include any dividend payments, if applicable.

TOWTX vs. WIREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TOWTX Towpath Technology Fund	-9.57%	9.55%	12.82%	29.78%	-15.96%	17.73%
WIREX Wireless Fund	-11.18%	26.45%	38.24%	57.70%	-34.76%	21.49%

Returns By Period

In the year-to-date period, TOWTX achieves a -9.57% return, which is significantly higher than WIREX's -11.18% return.

TOWTX

• 1D: -0.07%
• 1M: -5.09%
• YTD: -9.57%
• 6M: -7.05%
• 1Y: 3.98%
• 3Y*: 10.31%
• 5Y*: 6.11%
• 10Y*: —

WIREX

• 1D: -1.51%
• 1M: -9.44%
• YTD: -11.18%
• 6M: -9.46%
• 1Y: 28.92%
• 3Y*: 26.56%
• 5Y*: 14.08%
• 10Y*: 17.28%

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

TOWTX vs. WIREX - Expense Ratio Comparison

TOWTX has a 1.10% expense ratio, which is lower than WIREX's 1.95% expense ratio.

WIREX

Wireless Fund

TOWTX

Towpath Technology Fund

Return for Risk

TOWTX vs. WIREX — Risk / Return Rank

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

TOWTX

TOWTX Risk / Return Rank: 9
TOWTX Sharpe Ratio Rank: 9
TOWTX Sortino Ratio Rank: 9
TOWTX Omega Ratio Rank: 9
TOWTX Calmar Ratio Rank: 9
TOWTX Martin Ratio Rank: 9

WIREX

WIREX Risk / Return Rank: 62
WIREX Sharpe Ratio Rank: 61
WIREX Sortino Ratio Rank: 66
WIREX Omega Ratio Rank: 60
WIREX Calmar Ratio Rank: 69
WIREX Martin Ratio Rank: 54

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.

TOWTX vs. WIREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Towpath Technology Fund (TOWTX) and Wireless Fund (WIREX). 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.

	TOWTX	WIREX	Difference
Sharpe ratio Return per unit of total volatility	0.23	1.09	-0.86
Sortino ratio Return per unit of downside risk	0.45	1.65	-1.20
Omega ratio Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio Return relative to maximum drawdown	0.16	1.57	-1.41
Martin ratio Return relative to average drawdown	0.51	5.25	-4.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOWTX vs. WIREX - Sharpe Ratio Comparison

The current TOWTX Sharpe Ratio is 0.23, which is lower than the WIREX Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of TOWTX and WIREX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TOWTX	WIREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	1.09	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.01	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.00	0.00

Correlation

The correlation between TOWTX and WIREX is 0.81, 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

TOWTX vs. WIREX - Dividend Comparison

TOWTX's dividend yield for the trailing twelve months is around 1.88%, less than WIREX's 3.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TOWTX Towpath Technology Fund	1.88%	1.70%	3.55%	0.42%	0.57%	0.66%	0.00%	0.00%	0.00%
WIREX Wireless Fund	3.83%	3.41%	1.95%	0.45%	6.80%	16.58%	11.36%	21.52%	5.51%

Drawdowns

TOWTX vs. WIREX - Drawdown Comparison

The maximum TOWTX drawdown since its inception was -98.79%, roughly equal to the maximum WIREX drawdown of -98.24%. Use the drawdown chart below to compare losses from any high point for TOWTX and WIREX.

Drawdown Indicators

	TOWTX	WIREX	Difference
Max Drawdown Largest peak-to-trough decline	-98.79%	-98.24%	-0.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-16.20%	+4.58%
Max Drawdown (5Y) Largest decline over 5 years	-98.79%	-98.24%	-0.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.24%	—
Current Drawdown Current decline from peak	-98.60%	-97.44%	-1.16%
Average Drawdown Average peak-to-trough decline	-26.18%	-60.77%	+34.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	4.84%	-1.24%

Volatility

TOWTX vs. WIREX - Volatility Comparison

The current volatility for Towpath Technology Fund (TOWTX) is 4.10%, while Wireless Fund (WIREX) has a volatility of 7.08%. This indicates that TOWTX experiences smaller price fluctuations and is considered to be less risky than WIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOWTX	WIREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	7.08%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	16.19%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	26.56%	-8.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3,101.36%	2,245.99%	+855.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,035.66%	1,588.19%	+1,447.47%