FPACX vs. LCORX
Compare and contrast key facts about FPA Crescent Fund (FPACX) and Leuthold Core Investment Fund (LCORX).
FPACX is managed by FPA. It was launched on Jun 1, 1993. LCORX is managed by Leuthold. It was launched on Nov 19, 1995.
Performance
FPACX vs. LCORX - Performance Comparison
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FPACX vs. LCORX - 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% |
LCORX Leuthold Core Investment Fund | -1.25% | 14.39% | 8.01% | 11.71% | -6.78% | 15.19% | 10.08% | 11.58% | -6.23% | 15.79% |
Returns By Period
In the year-to-date period, FPACX achieves a -3.27% return, which is significantly lower than LCORX's -1.25% return. Over the past 10 years, FPACX has outperformed LCORX with an annualized return of 9.35%, while LCORX has yielded a comparatively lower 7.20% 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%
LCORX
- 1D
- -0.49%
- 1M
- -6.23%
- YTD
- -1.25%
- 6M
- -0.97%
- 1Y
- 13.85%
- 3Y*
- 10.40%
- 5Y*
- 6.64%
- 10Y*
- 7.20%
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FPACX vs. LCORX - Expense Ratio Comparison
FPACX has a 1.00% expense ratio, which is lower than LCORX's 1.16% expense ratio.
Return for Risk
FPACX vs. LCORX — Risk / Return Rank
FPACX
LCORX
FPACX vs. LCORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and Leuthold Core Investment Fund (LCORX). 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 | LCORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.53 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.13 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.97 | -0.26 |
Martin ratioReturn relative to average drawdown | 6.19 | 7.72 | -1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPACX | LCORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.53 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.73 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.75 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.71 | +0.15 |
Correlation
The correlation between FPACX and LCORX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPACX vs. LCORX - Dividend Comparison
FPACX's dividend yield for the trailing twelve months is around 9.92%, more than LCORX's 8.06% 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% |
LCORX Leuthold Core Investment Fund | 8.06% | 7.93% | 7.03% | 5.57% | 7.20% | 5.00% | 0.24% | 1.89% | 10.74% | 3.22% | 0.45% | 3.94% |
Drawdowns
FPACX vs. LCORX - Drawdown Comparison
The maximum FPACX drawdown since its inception was -31.60%, smaller than the maximum LCORX drawdown of -41.31%. Use the drawdown chart below to compare losses from any high point for FPACX and LCORX.
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Drawdown Indicators
| FPACX | LCORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -41.31% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -6.55% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -13.88% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -29.46% | -19.38% | -10.08% |
Current DrawdownCurrent decline from peak | -7.19% | -6.51% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -5.03% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.67% | +0.37% |
Volatility
FPACX vs. LCORX - Volatility Comparison
FPA Crescent Fund (FPACX) and Leuthold Core Investment Fund (LCORX) have volatilities of 3.28% and 3.45%, 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.
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Volatility by Period
| FPACX | LCORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.45% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 6.50% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 9.19% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 9.18% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.17% | 9.62% | +3.55% |