WAMFX vs. BTEFX

Last updated Jun 3, 2026

WAMFX (Boston Trust Walden Midcap Fund) and BTEFX (Boston Trust Equity Fund) are both mutual funds - WAMFX is a Mid Cap Blend Equities fund managed by Boston Trust Walden, while BTEFX is a Large Cap Blend Equities fund managed by Boston Trust Walden. Over the past 10 years, WAMFX returned 10.19%/yr vs 12.09%/yr for BTEFX. Their correlation of 0.91 suggests significant overlap in exposure. WAMFX charges 0.99%/yr vs 0.85%/yr for BTEFX.

Performance

WAMFX vs. BTEFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Trust Walden Midcap Fund (WAMFX) and Boston Trust Equity Fund (BTEFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WAMFX achieves a 2.00% return, which is significantly lower than BTEFX's 3.73% return. Over the past 10 years, WAMFX has underperformed BTEFX with an annualized return of 10.19%, while BTEFX has yielded a comparatively higher 12.09% annualized return.

WAMFX

• 1D: 0.22%
• 1M: 1.33%
• YTD: 2.00%
• 6M: 2.28%
• 1Y: 7.06%
• 3Y*: 9.67%
• 5Y*: 5.94%
• 10Y*: 10.19%

BTEFX

• 1D: -0.15%
• 1M: 0.82%
• YTD: 3.73%
• 6M: 3.32%
• 1Y: 13.99%
• 3Y*: 11.80%
• 5Y*: 8.26%
• 10Y*: 12.09%

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

WAMFX vs. BTEFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WAMFX Boston Trust Walden Midcap Fund	2.00%	4.82%	10.39%	13.90%	-10.87%	24.85%	9.56%	36.98%	-3.59%	16.21%
BTEFX Boston Trust Equity Fund	3.73%	8.85%	13.70%	17.29%	-14.15%	29.74%	14.66%	31.87%	-2.55%	18.76%

Correlation

The correlation between WAMFX and BTEFX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Aug 2, 2011	0.91

The correlation between WAMFX and BTEFX shifts across timeframes, from 0.74 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WAMFX vs. BTEFX — Risk / Return Rank

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

WAMFX

WAMFX Risk / Return Rank: 7
WAMFX Sharpe Ratio Rank: 7
WAMFX Sortino Ratio Rank: 7
WAMFX Omega Ratio Rank: 7
WAMFX Calmar Ratio Rank: 8
WAMFX Martin Ratio Rank: 8

BTEFX

BTEFX Risk / Return Rank: 25
BTEFX Sharpe Ratio Rank: 25
BTEFX Sortino Ratio Rank: 25
BTEFX Omega Ratio Rank: 24
BTEFX Calmar Ratio Rank: 20
BTEFX Martin Ratio Rank: 29

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.

WAMFX vs. BTEFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Trust Walden Midcap Fund (WAMFX) and Boston Trust Equity Fund (BTEFX). 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.

	WAMFX	BTEFX	Difference
Sharpe ratio Return per unit of total volatility	0.57	1.46	-0.89
Sortino ratio Return per unit of downside risk	0.94	2.11	-1.17
Omega ratio Gain probability vs. loss probability	1.11	1.26	-0.15
Calmar ratio Return relative to maximum drawdown	0.79	1.69	-0.90
Martin ratio Return relative to average drawdown	2.30	7.04	-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.

WAMFX vs. BTEFX - Sharpe Ratio Comparison

The current WAMFX Sharpe Ratio is 0.57, which is lower than the BTEFX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of WAMFX and BTEFX, 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

	WAMFX	BTEFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	1.46	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.55	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.71	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.54	+0.08

Drawdowns

WAMFX vs. BTEFX - Drawdown Comparison

The maximum WAMFX drawdown since its inception was -36.81%, smaller than the maximum BTEFX drawdown of -47.71%. Use the drawdown chart below to compare losses from any high point for WAMFX and BTEFX.

Drawdown Indicators

	WAMFX	BTEFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.81%	-47.71%	+10.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.38%	-8.42%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.51%	-16.59%	-0.92%
Max Drawdown (5Y) Largest decline over 5 years	-20.82%	-23.03%	+2.21%
Max Drawdown (10Y) Largest decline over 10 years	-36.81%	-32.83%	-3.98%
Current Drawdown Current decline from peak	-2.55%	-0.74%	-1.81%
Average Drawdown Average peak-to-trough decline	-3.94%	-5.57%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.02%	+0.86%

Volatility

WAMFX vs. BTEFX - Volatility Comparison

Boston Trust Walden Midcap Fund (WAMFX) has a higher volatility of 2.99% compared to Boston Trust Equity Fund (BTEFX) at 2.05%. This indicates that WAMFX's price experiences larger fluctuations and is considered to be riskier than BTEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAMFX	BTEFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	2.05%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	8.17%	6.98%	+1.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	9.68%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	15.16%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	16.99%	+0.49%

WAMFX vs. BTEFX - Expense Ratio Comparison

WAMFX has a 0.99% expense ratio, which is higher than BTEFX's 0.85% expense ratio.

Dividends

WAMFX vs. BTEFX - Dividend Comparison

WAMFX's dividend yield for the trailing twelve months is around 7.09%, which matches BTEFX's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTEFX Boston Trust Equity Fund	7.06%	7.33%	2.50%	1.54%	3.16%	2.65%	2.91%	1.01%	1.80%	0.98%	6.71%	7.63%
WAMFX Boston Trust Walden Midcap Fund	7.09%	7.23%	3.49%	4.84%	5.55%	4.82%	3.87%	12.83%	7.08%	0.45%	5.06%	5.54%

Frequently Asked Questions

Can I hold both WAMFX and BTEFX in my portfolio?

WAMFX and BTEFX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WAMFX or BTEFX?

WAMFX has higher volatility (2.99%) compared to BTEFX (2.05%). In terms of maximum drawdown, WAMFX dropped -36.81% vs BTEFX's -47.71%.

Which has better risk-adjusted returns?

BTEFX currently has the higher Sharpe Ratio (1.46 vs 0.57), 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.