WASMX vs. WAMFX

Last updated Jun 4, 2026

WASMX (Boston Trust Walden SMID Cap Fund) and WAMFX (Boston Trust Walden Midcap Fund) are both Mid Cap Blend Equities funds from Boston Trust Walden. Over the past 10 years, WASMX returned 9.85%/yr vs 10.22%/yr for WAMFX. With a 0.97 correlation, they move nearly in lockstep. WASMX charges 1.00%/yr vs 0.99%/yr for WAMFX.

Performance

WASMX vs. WAMFX - Performance Comparison

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

Returns By Period

In the year-to-date period, WASMX achieves a 1.19% return, which is significantly lower than WAMFX's 2.36% return. Both investments have delivered pretty close results over the past 10 years, with WASMX having a 9.85% annualized return and WAMFX not far ahead at 10.22%.

WASMX

• 1D: 0.33%
• 1M: 2.50%
• YTD: 1.19%
• 6M: 1.02%
• 1Y: 3.87%
• 3Y*: 8.69%
• 5Y*: 4.59%
• 10Y*: 9.85%

WAMFX

• 1D: 0.35%
• 1M: 2.41%
• YTD: 2.36%
• 6M: 1.96%
• 1Y: 6.50%
• 3Y*: 9.80%
• 5Y*: 6.00%
• 10Y*: 10.22%

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

WASMX vs. WAMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WASMX Boston Trust Walden SMID Cap Fund	1.19%	0.31%	10.39%	16.40%	-14.57%	30.04%	9.22%	32.50%	-5.60%	14.91%
WAMFX Boston Trust Walden Midcap Fund	2.36%	4.82%	10.39%	13.90%	-10.87%	24.85%	9.56%	36.98%	-3.59%	16.21%

Correlation

The correlation between WASMX and WAMFX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012	0.97

The correlation between WASMX and WAMFX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

WASMX vs. WAMFX — Risk / Return Rank

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

WASMX

WASMX Risk / Return Rank: 5
WASMX Sharpe Ratio Rank: 5
WASMX Sortino Ratio Rank: 5
WASMX Omega Ratio Rank: 5
WASMX Calmar Ratio Rank: 5
WASMX Martin Ratio Rank: 5

WAMFX

WAMFX Risk / Return Rank: 8
WAMFX Sharpe Ratio Rank: 8
WAMFX Sortino Ratio Rank: 8
WAMFX Omega Ratio Rank: 8
WAMFX Calmar Ratio Rank: 9
WAMFX Martin Ratio Rank: 9

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.

WASMX vs. WAMFX - Risk-Adjusted Trends Comparison

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

	WASMX	WAMFX	Difference
Sharpe ratio: Return per unit of total volatility	0.35	0.63	-0.27
Sortino ratio: Return per unit of downside risk	0.64	1.02	-0.38
Omega ratio: Gain probability vs. loss probability	1.07	1.12	-0.05
Calmar ratio: Return relative to maximum drawdown	0.42	0.89	-0.47
Martin ratio: Return relative to average drawdown	1.18	2.58	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WASMX vs. WAMFX - Sharpe Ratio Comparison

The current WASMX Sharpe Ratio is 0.35, which is lower than the WAMFX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of WASMX and WAMFX, 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

	WASMX	WAMFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.63	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.38	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.59	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.62	-0.03

Drawdowns

WASMX vs. WAMFX - Drawdown Comparison

The maximum WASMX drawdown since its inception was -37.74%, roughly equal to the maximum WAMFX drawdown of -36.81%. Use the drawdown chart below to compare losses from any high point for WASMX and WAMFX.

Drawdown Indicators

	WASMX	WAMFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.74%	-36.81%	-0.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.38%	-8.38%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-17.51%	-3.01%
Max Drawdown (5Y) Largest decline over 5 years	-23.07%	-20.82%	-2.25%
Max Drawdown (10Y) Largest decline over 10 years	-37.74%	-36.81%	-0.93%
Current Drawdown Current decline from peak	-6.38%	-2.21%	-4.17%
Average Drawdown Average peak-to-trough decline	-5.22%	-3.94%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	2.88%	+1.18%

Volatility

WASMX vs. WAMFX - Volatility Comparison

Boston Trust Walden SMID Cap Fund (WASMX) and Boston Trust Walden Midcap Fund (WAMFX) have volatilities of 3.04% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WASMX	WAMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	2.98%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	8.17%	+0.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	11.91%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	15.81%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	17.48%	+1.13%

WASMX vs. WAMFX - Expense Ratio Comparison

WASMX has a 1.00% expense ratio, which is higher than WAMFX's 0.99% expense ratio.

Dividends

WASMX vs. WAMFX - Dividend Comparison

WASMX's dividend yield for the trailing twelve months is around 1.63%, less than WAMFX's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WAMFX Boston Trust Walden Midcap Fund	7.06%	7.23%	3.49%	4.84%	5.55%	4.82%	3.87%	12.83%	7.08%	0.45%	5.06%	5.54%
WASMX Boston Trust Walden SMID Cap Fund	1.63%	1.65%	1.67%	0.52%	4.90%	4.75%	1.86%	9.96%	4.40%	0.52%	5.41%	7.06%

Frequently Asked Questions

Can I hold both WASMX and WAMFX in my portfolio?

With a correlation of 0.95, WASMX and WAMFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WASMX or WAMFX?

WASMX has higher volatility (3.04%) compared to WAMFX (2.98%). In terms of maximum drawdown, WASMX dropped -37.74% vs WAMFX's -36.81%.

Which has better risk-adjusted returns?

WAMFX currently has the higher Sharpe Ratio (0.63 vs 0.35), 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.