FPACX vs. FPNIX
Compare and contrast key facts about FPA Crescent Fund (FPACX) and FPA New Income Fund (FPNIX).
FPACX is managed by FPA. It was launched on Jun 1, 1993. FPNIX is managed by FPA. It was launched on Jul 11, 1984.
Performance
FPACX vs. FPNIX - Performance Comparison
Loading graphics...
FPACX vs. FPNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | -3.27% | 17.69% | 12.42% | 20.30% | -9.20% | 15.09% | 12.14% | 20.03% | -7.42% | 10.38% |
FPNIX FPA New Income Fund | -0.16% | 6.71% | 4.58% | 6.78% | -3.10% | 0.84% | 2.51% | 3.81% | 2.30% | 2.67% |
Returns By Period
In the year-to-date period, FPACX achieves a -3.27% return, which is significantly lower than FPNIX's -0.16% return. Over the past 10 years, FPACX has outperformed FPNIX with an annualized return of 9.35%, while FPNIX has yielded a comparatively lower 2.86% annualized return.
FPACX
- 1D
- 0.19%
- 1M
- -6.57%
- YTD
- -3.27%
- 6M
- -0.26%
- 1Y
- 14.07%
- 3Y*
- 13.33%
- 5Y*
- 7.95%
- 10Y*
- 9.35%
FPNIX
- 1D
- 0.30%
- 1M
- -1.48%
- YTD
- -0.16%
- 6M
- 0.98%
- 1Y
- 4.49%
- 3Y*
- 5.26%
- 5Y*
- 2.98%
- 10Y*
- 2.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FPACX vs. FPNIX - Expense Ratio Comparison
FPACX has a 1.00% expense ratio, which is higher than FPNIX's 0.45% expense ratio.
Return for Risk
FPACX vs. FPNIX — Risk / Return Rank
FPACX
FPNIX
FPACX vs. FPNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and FPA New Income Fund (FPNIX). 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.
| FPACX | FPNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.74 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.59 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.49 | -0.78 |
Martin ratioReturn relative to average drawdown | 6.19 | 11.01 | -4.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FPACX | FPNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.74 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 1.24 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 1.52 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.02 | -0.16 |
Correlation
The correlation between FPACX and FPNIX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FPACX vs. FPNIX - Dividend Comparison
FPACX's dividend yield for the trailing twelve months is around 9.92%, more than FPNIX's 3.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | 9.92% | 9.60% | 7.95% | 3.72% | 0.77% | 11.62% | 4.80% | 4.65% | 8.87% | 3.70% | 4.98% | 6.34% |
FPNIX FPA New Income Fund | 3.81% | 3.36% | 4.39% | 3.37% | 2.13% | 1.24% | 2.17% | 2.63% | 3.10% | 2.84% | 2.31% | 1.87% |
Drawdowns
FPACX vs. FPNIX - Drawdown Comparison
The maximum FPACX drawdown since its inception was -31.60%, which is greater than FPNIX's maximum drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for FPACX and FPNIX.
Loading graphics...
Drawdown Indicators
| FPACX | FPNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -22.95% | -8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -1.97% | -5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -4.67% | -13.80% |
Max Drawdown (10Y)Largest decline over 10 years | -29.46% | -4.67% | -24.79% |
Current DrawdownCurrent decline from peak | -7.19% | -1.48% | -5.71% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -1.86% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.45% | +1.59% |
Volatility
FPACX vs. FPNIX - Volatility Comparison
FPA Crescent Fund (FPACX) has a higher volatility of 3.28% compared to FPA New Income Fund (FPNIX) at 1.10%. This indicates that FPACX's price experiences larger fluctuations and is considered to be riskier than FPNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FPACX | FPNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 1.10% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 1.64% | +4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 2.66% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 2.41% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.17% | 1.88% | +11.29% |