CMBS vs. WCPNX
CMBS (iShares CMBS ETF) and WCPNX (Weitz Core Plus Income Fund) are both funds - CMBS is a Mortgage Backed Securities fund tracking the Barclays Capital U.S. CMBS (ERISA Only) Index, while WCPNX is a Intermediate Core-Plus Bond fund managed by Weitz. Over the past 10 years, CMBS returned 2.03%/yr vs 3.16%/yr for WCPNX. A 0.53 correlation means they provide meaningful diversification when combined. CMBS charges 0.25%/yr vs 0.89%/yr for WCPNX.
Performance
CMBS vs. WCPNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMBS achieves a 0.39% return, which is significantly lower than WCPNX's 0.59% return. Over the past 10 years, CMBS has underperformed WCPNX with an annualized return of 2.03%, while WCPNX has yielded a comparatively higher 3.16% annualized return.
CMBS
- 1D
- 0.13%
- 1M
- 0.44%
- YTD
- 0.39%
- 6M
- 0.39%
- 1Y
- 3.77%
- 3Y*
- 5.32%
- 5Y*
- 0.79%
- 10Y*
- 2.03%
WCPNX
- 1D
- -0.31%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 1.10%
- 1Y
- 4.98%
- 3Y*
- 5.35%
- 5Y*
- 1.81%
- 10Y*
- 3.16%
CMBS vs. WCPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMBS iShares CMBS ETF | 0.39% | 7.67% | 4.27% | 5.06% | -11.21% | -1.82% | 7.86% | 7.94% | 0.77% | 2.95% |
WCPNX Weitz Core Plus Income Fund | 0.59% | 7.89% | 4.10% | 7.00% | -9.92% | 1.60% | 10.18% | 7.39% | 1.49% | 2.83% |
Correlation
The correlation between CMBS and WCPNX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2014 | 0.53 |
The correlation between CMBS and WCPNX shifts across timeframes, from 0.37 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMBS vs. WCPNX — Risk / Return Rank
CMBS
WCPNX
CMBS vs. WCPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares CMBS ETF (CMBS) and Weitz Core Plus Income Fund (WCPNX). 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.
| CMBS | WCPNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.90 | -0.35 |
| Martin ratioReturn relative to average drawdown | 4.03 | 5.76 | -1.74 |
Loading charts...
Drawdowns
CMBS vs. WCPNX - Drawdown Comparison
The maximum CMBS drawdown since its inception was -15.87%, which is greater than WCPNX's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for CMBS and WCPNX.
Loading charts...
Drawdown Indicators
| CMBS | WCPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -13.63% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.74% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -5.17% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -13.63% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | -13.63% | -2.24% |
Current DrawdownCurrent decline from peak | -1.53% | -1.10% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -2.18% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.90% | +0.04% |
Volatility
CMBS vs. WCPNX - Volatility Comparison
iShares CMBS ETF (CMBS) has a higher volatility of 1.26% compared to Weitz Core Plus Income Fund (WCPNX) at 1.11%. This indicates that CMBS's price experiences larger fluctuations and is considered to be riskier than WCPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMBS | WCPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.11% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.87% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.75% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 5.01% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 4.18% | +1.58% |
CMBS vs. WCPNX - Expense Ratio Comparison
CMBS has a 0.25% expense ratio, which is lower than WCPNX's 0.89% expense ratio.
Dividends
CMBS vs. WCPNX - Dividend Comparison
CMBS's dividend yield for the trailing twelve months is around 3.57%, less than WCPNX's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMBS iShares CMBS ETF | 3.57% | 3.45% | 3.31% | 2.97% | 2.65% | 2.46% | 2.83% | 2.74% | 2.70% | 2.50% | 2.29% | 2.31% |
WCPNX Weitz Core Plus Income Fund | 4.90% | 5.26% | 6.15% | 4.92% | 3.04% | 2.51% | 5.07% | 2.95% | 2.55% | 2.41% | 3.72% | 1.96% |
Frequently Asked Questions
CMBS and WCPNX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMBS has higher volatility (1.26%) compared to WCPNX (1.11%). In terms of maximum drawdown, CMBS dropped -15.87% vs WCPNX's -13.63%.
WCPNX currently has the higher Sharpe Ratio (1.39 vs 1.03), 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.
Find the right allocation for CMBS and WCPNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer