WEBAX vs. CONWX
WEBAX (TETON Westwood Balanced Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 10 years, WEBAX returned 6.87%/yr vs 8.39%/yr for CONWX. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 1.41% expense ratio.
Performance
WEBAX vs. CONWX - Performance Comparison
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Returns By Period
In the year-to-date period, WEBAX achieves a 3.77% return, which is significantly lower than CONWX's 5.63% return. Over the past 10 years, WEBAX has underperformed CONWX with an annualized return of 6.87%, while CONWX has yielded a comparatively higher 8.39% annualized return.
WEBAX
- 1D
- -0.51%
- 1M
- -0.41%
- YTD
- 3.77%
- 6M
- 3.34%
- 1Y
- 9.90%
- 3Y*
- 9.12%
- 5Y*
- 4.78%
- 10Y*
- 6.87%
CONWX
- 1D
- 0.10%
- 1M
- -2.03%
- YTD
- 5.63%
- 6M
- 5.03%
- 1Y
- 14.14%
- 3Y*
- 12.04%
- 5Y*
- 6.27%
- 10Y*
- 8.39%
WEBAX vs. CONWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEBAX TETON Westwood Balanced Fund | 3.77% | 7.91% | 9.63% | 9.71% | -12.42% | 14.66% | 4.60% | 18.75% | -3.66% | 14.15% |
CONWX Concorde Wealth Management Fund | 5.63% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 8.76% | 16.84% | -1.95% | 7.17% |
Correlation
The correlation between WEBAX and CONWX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.78 |
Over the past year, the correlation between WEBAX and CONWX has dropped to 0.46 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
WEBAX vs. CONWX — Risk / Return Rank
WEBAX
CONWX
WEBAX vs. CONWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TETON Westwood Balanced Fund (WEBAX) and Concorde Wealth Management Fund (CONWX). 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.
| WEBAX | CONWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.13 | -1.27 |
| Martin ratioReturn relative to average drawdown | 7.58 | 9.26 | -1.68 |
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Drawdowns
WEBAX vs. CONWX - Drawdown Comparison
The maximum WEBAX drawdown since its inception was -34.24%, which is greater than CONWX's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for WEBAX and CONWX.
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Drawdown Indicators
| WEBAX | CONWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.24% | -26.09% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -4.44% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -10.44% | -9.86% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.20% | -12.49% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -23.43% | -26.09% | +2.66% |
Current DrawdownCurrent decline from peak | -1.22% | -4.34% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -2.78% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.50% | -0.10% |
Volatility
WEBAX vs. CONWX - Volatility Comparison
TETON Westwood Balanced Fund (WEBAX) has a higher volatility of 2.84% compared to Concorde Wealth Management Fund (CONWX) at 1.97%. This indicates that WEBAX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBAX | CONWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 1.97% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.28% | 5.21% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.77% | 7.12% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.25% | 10.19% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 11.10% | -0.36% |
WEBAX vs. CONWX - Expense Ratio Comparison
Both WEBAX and CONWX have an expense ratio of 1.41%.
Dividends
WEBAX vs. CONWX - Dividend Comparison
WEBAX's dividend yield for the trailing twelve months is around 13.93%, more than CONWX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 3.49% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% | 0.00% | 0.00% |
WEBAX TETON Westwood Balanced Fund | 13.93% | 14.68% | 7.48% | 3.69% | 7.37% | 13.13% | 5.13% | 7.79% | 13.20% | 7.23% | 6.40% | 8.36% |
Frequently Asked Questions
WEBAX and CONWX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBAX has higher volatility (2.84%) compared to CONWX (1.97%). In terms of maximum drawdown, WEBAX dropped -34.24% vs CONWX's -26.09%.
CONWX currently has the higher Sharpe Ratio (1.96 vs 1.37), 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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