WESWX vs. WEBAX

Last updated Jun 4, 2026

WESWX (TETON Westwood Equity Fund) and WEBAX (TETON Westwood Balanced Fund) are both mutual funds - WESWX is a Large Cap Value Equities fund managed by Teton Westwood, while WEBAX is a Diversified Portfolio fund managed by Teton Westwood. Over the past 10 years, WESWX returned 8.71%/yr vs 6.83%/yr for WEBAX. With a 0.97 correlation, they move nearly in lockstep. WESWX charges 1.64%/yr vs 1.41%/yr for WEBAX.

Performance

WESWX vs. WEBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TETON Westwood Equity Fund (WESWX) and TETON Westwood Balanced Fund (WEBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WESWX achieves a 5.17% return, which is significantly higher than WEBAX's 4.84% return. Over the past 10 years, WESWX has outperformed WEBAX with an annualized return of 8.71%, while WEBAX has yielded a comparatively lower 6.83% annualized return.

WESWX

• 1D: 0.28%
• 1M: 0.96%
• YTD: 5.17%
• 6M: 4.97%
• 1Y: 10.78%
• 3Y*: 9.49%
• 5Y*: 5.25%
• 10Y*: 8.71%

WEBAX

• 1D: 0.10%
• 1M: 1.13%
• YTD: 4.84%
• 6M: 4.39%
• 1Y: 12.24%
• 3Y*: 9.79%
• 5Y*: 4.99%
• 10Y*: 6.83%

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

WESWX vs. WEBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WESWX TETON Westwood Equity Fund	5.17%	5.14%	9.72%	7.48%	-7.14%	22.02%	2.33%	26.97%	-6.41%	20.40%
WEBAX TETON Westwood Balanced Fund	4.84%	7.91%	9.63%	9.71%	-12.42%	14.66%	4.60%	18.75%	-3.66%	14.15%

Correlation

The correlation between WESWX and WEBAX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 1, 1991	0.97

The correlation between WESWX and WEBAX has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.

Return for Risk

WESWX vs. WEBAX — Risk / Return Rank

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

WESWX

WESWX Risk / Return Rank: 19
WESWX Sharpe Ratio Rank: 16
WESWX Sortino Ratio Rank: 16
WESWX Omega Ratio Rank: 16
WESWX Calmar Ratio Rank: 20
WESWX Martin Ratio Rank: 25

WEBAX

WEBAX Risk / Return Rank: 37
WEBAX Sharpe Ratio Rank: 36
WEBAX Sortino Ratio Rank: 35
WEBAX Omega Ratio Rank: 36
WEBAX Calmar Ratio Rank: 36
WEBAX Martin Ratio Rank: 44

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.

WESWX vs. WEBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TETON Westwood Equity Fund (WESWX) and TETON Westwood Balanced Fund (WEBAX). 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.

	WESWX	WEBAX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.74	-0.57
Sortino ratio: Return per unit of downside risk	1.70	2.49	-0.79
Omega ratio: Gain probability vs. loss probability	1.21	1.32	-0.11
Calmar ratio: Return relative to maximum drawdown	1.61	2.23	-0.62
Martin ratio: Return relative to average drawdown	6.09	9.27	-3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WESWX vs. WEBAX - Sharpe Ratio Comparison

The current WESWX Sharpe Ratio is 1.16, which is lower than the WEBAX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of WESWX and WEBAX, 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

	WESWX	WEBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.74	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.49	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.64	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.75	-0.18

Drawdowns

WESWX vs. WEBAX - Drawdown Comparison

The maximum WESWX drawdown since its inception was -52.38%, which is greater than WEBAX's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for WESWX and WEBAX.

Drawdown Indicators

	WESWX	WEBAX	Difference
Max Drawdown Largest peak-to-trough decline	-52.38%	-34.24%	-18.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-5.73%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-14.99%	-10.44%	-4.55%
Max Drawdown (5Y) Largest decline over 5 years	-17.50%	-19.20%	+1.70%
Max Drawdown (10Y) Largest decline over 10 years	-36.42%	-23.43%	-12.99%
Current Drawdown Current decline from peak	-0.47%	-0.20%	-0.27%
Average Drawdown Average peak-to-trough decline	-7.86%	-3.83%	-4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.37%	+0.50%

Volatility

WESWX vs. WEBAX - Volatility Comparison

TETON Westwood Equity Fund (WESWX) has a higher volatility of 2.33% compared to TETON Westwood Balanced Fund (WEBAX) at 2.19%. This indicates that WESWX's price experiences larger fluctuations and is considered to be riskier than WEBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WESWX	WEBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	2.19%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.52%	5.84%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	9.85%	7.37%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	10.21%	+3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	10.71%	+5.63%

WESWX vs. WEBAX - Expense Ratio Comparison

WESWX has a 1.64% expense ratio, which is higher than WEBAX's 1.41% expense ratio.

Dividends

WESWX vs. WEBAX - Dividend Comparison

WESWX's dividend yield for the trailing twelve months is around 14.06%, more than WEBAX's 13.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WEBAX TETON Westwood Balanced Fund	13.78%	14.68%	7.48%	3.69%	7.37%	13.13%	5.13%	7.79%	13.20%	7.23%	6.40%	8.36%
WESWX TETON Westwood Equity Fund	14.06%	14.79%	8.77%	5.06%	7.60%	17.92%	4.55%	9.75%	18.19%	11.70%	7.11%	8.36%

Frequently Asked Questions

Can I hold both WESWX and WEBAX in my portfolio?

WESWX and WEBAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WESWX or WEBAX?

WESWX has higher volatility (2.33%) compared to WEBAX (2.19%). In terms of maximum drawdown, WESWX dropped -52.38% vs WEBAX's -34.24%.

Which has better risk-adjusted returns?

WEBAX currently has the higher Sharpe Ratio (1.74 vs 1.16), 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.