IPFCX vs. IPFPX
IPFCX (Poplar Forest Cornerstone Fund) and IPFPX (Poplar Forest Partners Fund) are both mutual funds - IPFCX is a Diversified Portfolio fund managed by Poplar Forest, while IPFPX is a Large Cap Value Equities fund managed by Poplar Forest. Over the past 10 years, IPFCX returned 9.53%/yr vs 10.89%/yr for IPFPX. Their 0.99 correlation means they have historically moved very closely together. IPFCX charges 0.90%/yr vs 0.95%/yr for IPFPX.
Performance
IPFCX vs. IPFPX - Performance Comparison
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Returns By Period
In the year-to-date period, IPFCX achieves a 14.01% return, which is significantly lower than IPFPX's 22.51% return. Over the past 10 years, IPFCX has underperformed IPFPX with an annualized return of 9.53%, while IPFPX has yielded a comparatively higher 10.89% annualized return.
IPFCX
- 1D
- 0.03%
- 1M
- 0.09%
- 6M
- 11.53%
- YTD
- 14.01%
- 1Y
- 23.66%
- 3Y*
- 13.62%
- 5Y*
- 9.40%
- 10Y*
- 9.53%
- ALL TIME*
- 8.71%
IPFPX
- 1D
- 0.08%
- 1M
- 0.30%
- 6M
- 18.81%
- YTD
- 22.51%
- 1Y
- 37.73%
- 3Y*
- 18.41%
- 5Y*
- 12.61%
- 10Y*
- 10.89%
- ALL TIME*
- 11.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IPFCX vs. IPFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPFCX Poplar Forest Cornerstone Fund | 14.01% | 16.22% | 6.67% | 6.64% | -1.31% | 30.14% | 4.29% | 20.56% | -10.49% | 6.01% |
IPFPX Poplar Forest Partners Fund | 22.51% | 22.94% | 6.24% | 5.02% | 0.81% | 39.49% | -1.26% | 21.64% | -18.64% | 6.84% |
Correlation
The correlation between IPFCX and IPFPX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.99 |
The correlation between IPFCX and IPFPX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IPFCX vs. IPFPX — Risk / Return Rank
IPFCX
IPFPX
IPFCX vs. IPFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Poplar Forest Cornerstone Fund (IPFCX) and Poplar Forest Partners Fund (IPFPX). 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.
| IPFCX | IPFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 4.33 | -0.32 |
| Martin ratioReturn relative to average drawdown | 15.14 | 16.27 | -1.13 |
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Drawdowns
IPFCX vs. IPFPX - Drawdown Comparison
The maximum IPFCX drawdown since its inception was -32.10%, smaller than the maximum IPFPX drawdown of -47.77%. Use the drawdown chart below to compare losses from any high point for IPFCX and IPFPX.
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Drawdown Indicators
| IPFCX | IPFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.10% | -47.77% | +15.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -8.31% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.33% | -14.15% | +4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -17.94% | +3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -32.10% | -47.77% | +15.67% |
Current DrawdownCurrent decline from peak | -0.67% | -1.08% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -6.63% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.21% | -0.71% |
Volatility
IPFCX vs. IPFPX - Volatility Comparison
The current volatility for Poplar Forest Cornerstone Fund (IPFCX) is 2.37%, while Poplar Forest Partners Fund (IPFPX) has a volatility of 3.72%. This indicates that IPFCX experiences smaller price fluctuations and is considered to be less risky than IPFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPFCX | IPFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.72% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.35% | 9.50% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 12.78% | -4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 15.82% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 19.69% | -6.19% |
IPFCX vs. IPFPX - Expense Ratio Comparison
IPFCX has a 0.90% expense ratio, which is lower than IPFPX's 0.95% expense ratio.
Dividends
IPFCX vs. IPFPX - Dividend Comparison
IPFCX's dividend yield for the trailing twelve months is around 8.26%, more than IPFPX's 7.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPFCX Poplar Forest Cornerstone Fund | 8.26% | 9.41% | 7.31% | 4.20% | 8.55% | 12.98% | 1.94% | 7.73% | 5.24% | 2.35% | 3.78% | 4.78% |
IPFPX Poplar Forest Partners Fund | 7.73% | 9.47% | 10.86% | 3.89% | 6.17% | 14.47% | 2.41% | 1.64% | 12.47% | 5.01% | 2.19% | 0.94% |
Frequently Asked Questions
With a correlation of 0.99, IPFCX and IPFPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IPFPX has higher volatility (3.72%) compared to IPFCX (2.37%). In terms of maximum drawdown, IPFCX dropped -32.10% vs IPFPX's -47.77%.
IPFPX currently has the higher Sharpe Ratio (2.82 vs 2.71), 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.
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