GRSPX vs. FPACX
Compare and contrast key facts about Greenspring Fund (GRSPX) and FPA Crescent Fund (FPACX).
GRSPX is managed by Greenspring. It was launched on Jun 30, 1983. FPACX is managed by FPA. It was launched on Jun 1, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRSPX or FPACX.
Key characteristics
| GRSPX | FPACX | |
|---|---|---|
| YTD Return | 22.50% | 13.39% |
| 1Y Return | 30.33% | 18.42% |
| 3Y Return (Ann) | 1.58% | 2.19% |
| 5Y Return (Ann) | 5.04% | 5.83% |
| 10Y Return (Ann) | 2.40% | 3.19% |
| Sharpe Ratio | 1.98 | 1.99 |
| Sortino Ratio | 2.60 | 2.73 |
| Omega Ratio | 1.37 | 1.37 |
| Calmar Ratio | 1.49 | 1.74 |
| Martin Ratio | 11.93 | 12.22 |
| Ulcer Index | 2.49% | 1.47% |
| Daily Std Dev | 15.00% | 9.06% |
| Max Drawdown | -41.70% | -35.01% |
| Current Drawdown | 0.00% | -0.25% |
Correlation
The correlation between GRSPX and FPACX is 0.78, 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
GRSPX vs. FPACX - Performance Comparison
In the year-to-date period, GRSPX achieves a 22.50% return, which is significantly higher than FPACX's 13.39% return. Over the past 10 years, GRSPX has underperformed FPACX with an annualized return of 2.40%, while FPACX has yielded a comparatively higher 3.19% annualized return. 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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GRSPX vs. FPACX - Expense Ratio Comparison
GRSPX has a 1.09% expense ratio, which is higher than FPACX's 1.00% expense ratio.
Risk-Adjusted Performance
GRSPX vs. FPACX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenspring Fund (GRSPX) and FPA Crescent Fund (FPACX). 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
GRSPX vs. FPACX - Dividend Comparison
GRSPX's dividend yield for the trailing twelve months is around 0.31%, less than FPACX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 0.31% | 0.90% | 1.24% | 0.41% | 1.46% | 1.60% | 1.97% | 1.75% | 1.33% | 2.39% | 2.81% | 2.19% |
FPACX FPA Crescent Fund | 1.27% | 0.12% | 0.05% | 0.78% | 0.30% | 2.36% | 0.71% | 0.98% | 0.89% | 1.00% | 0.92% | 0.64% |
Drawdowns
GRSPX vs. FPACX - Drawdown Comparison
The maximum GRSPX drawdown since its inception was -41.70%, which is greater than FPACX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for GRSPX and FPACX. For additional features, visit the drawdowns tool.
Volatility
GRSPX vs. FPACX - Volatility Comparison
Greenspring Fund (GRSPX) has a higher volatility of 4.96% compared to FPA Crescent Fund (FPACX) at 2.39%. This indicates that GRSPX's price experiences larger fluctuations and is considered to be riskier than FPACX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.