FPACX vs. VOLMX
Compare and contrast key facts about FPA Crescent Fund (FPACX) and Volumetric Fund (VOLMX).
FPACX is managed by FPA. It was launched on Jun 1, 1993. VOLMX is managed by Volumetric. It was launched on Jan 2, 1979.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPACX or VOLMX.
Key characteristics
| FPACX | VOLMX | |
|---|---|---|
| YTD Return | 13.68% | 18.77% |
| 1Y Return | 18.30% | 24.99% |
| 3Y Return (Ann) | 2.28% | -0.62% |
| 5Y Return (Ann) | 5.89% | 4.46% |
| 10Y Return (Ann) | 3.23% | 3.20% |
| Sharpe Ratio | 2.03 | 2.06 |
| Sortino Ratio | 2.78 | 2.82 |
| Omega Ratio | 1.38 | 1.38 |
| Calmar Ratio | 1.78 | 1.11 |
| Martin Ratio | 12.49 | 11.66 |
| Ulcer Index | 1.47% | 2.14% |
| Daily Std Dev | 9.06% | 12.11% |
| Max Drawdown | -35.01% | -49.43% |
| Current Drawdown | 0.00% | -2.62% |
Correlation
The correlation between FPACX and VOLMX is 0.80, 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.
Performance
FPACX vs. VOLMX - Performance Comparison
In the year-to-date period, FPACX achieves a 13.68% return, which is significantly lower than VOLMX's 18.77% return. Both investments have delivered pretty close results over the past 10 years, with FPACX having a 3.23% annualized return and VOLMX not far behind at 3.20%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPACX vs. VOLMX - Expense Ratio Comparison
FPACX has a 1.00% expense ratio, which is lower than VOLMX's 1.89% expense ratio.
Risk-Adjusted Performance
FPACX vs. VOLMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and Volumetric Fund (VOLMX). 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.
Dividends
FPACX vs. VOLMX - Dividend Comparison
FPACX's dividend yield for the trailing twelve months is around 1.26%, while VOLMX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | 1.26% | 0.12% | 0.05% | 0.78% | 0.30% | 2.36% | 0.71% | 0.98% | 0.89% | 1.00% | 0.92% | 0.64% |
VOLMX Volumetric Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 10.48% | 6.56% | 0.00% |
Drawdowns
FPACX vs. VOLMX - Drawdown Comparison
The maximum FPACX drawdown since its inception was -35.01%, smaller than the maximum VOLMX drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for FPACX and VOLMX. For additional features, visit the drawdowns tool.
Volatility
FPACX vs. VOLMX - Volatility Comparison
The current volatility for FPA Crescent Fund (FPACX) is 2.40%, while Volumetric Fund (VOLMX) has a volatility of 4.19%. This indicates that FPACX experiences smaller price fluctuations and is considered to be less risky than VOLMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.