PMEFX vs. IPFCX
PMEFX (Penn Mutual AM 1847 Income Fund) and IPFCX (Poplar Forest Cornerstone Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.89%/yr vs 9.39%/yr for IPFCX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. PMEFX charges 0.65%/yr vs 0.90%/yr for IPFCX.
Performance
PMEFX vs. IPFCX - Performance Comparison
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Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.78%
- 3Y*
- 4.63%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 5.31%
IPFCX
- 1D
- -0.70%
- 1M
- 0.77%
- 6M
- 11.61%
- YTD
- 13.97%
- 1Y
- 22.61%
- 3Y*
- 13.71%
- 5Y*
- 9.39%
- 10Y*
- 9.46%
- ALL TIME*
- 8.71%
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 |
PMEFX vs. IPFCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 0.00% | 1.11% | 9.80% | 9.80% | -4.30% | 9.78% | 6.47% |
IPFCX Poplar Forest Cornerstone Fund | 13.97% | 16.22% | 6.67% | 6.64% | -1.31% | 30.14% | 16.82% |
Correlation
The correlation between PMEFX and IPFCX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.75 |
Over the past year, the correlation between PMEFX and IPFCX has dropped to 0.23 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
PMEFX vs. IPFCX — Risk / Return Rank
PMEFX
IPFCX
PMEFX vs. IPFCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual AM 1847 Income Fund (PMEFX) and Poplar Forest Cornerstone Fund (IPFCX). 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.
| PMEFX | IPFCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.71 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.49 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.95 | -4.62 |
| Martin ratioReturn relative to average drawdown | -0.83 | 14.92 | -15.75 |
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Drawdowns
PMEFX vs. IPFCX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum IPFCX drawdown of -32.10%. Use the drawdown chart below to compare losses from any high point for PMEFX and IPFCX.
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Drawdown Indicators
| PMEFX | IPFCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -32.10% | +18.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -5.67% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -9.33% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -14.33% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.10% | — |
Current DrawdownCurrent decline from peak | -7.19% | -0.70% | -6.49% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -4.02% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 1.50% | +3.80% |
Volatility
PMEFX vs. IPFCX - Volatility Comparison
The current volatility for Penn Mutual AM 1847 Income Fund (PMEFX) is 0.00%, while Poplar Forest Cornerstone Fund (IPFCX) has a volatility of 2.44%. This indicates that PMEFX experiences smaller price fluctuations and is considered to be less risky than IPFCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMEFX | IPFCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.44% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 6.36% | -6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 8.40% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 11.05% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 13.50% | -5.89% |
PMEFX vs. IPFCX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is lower than IPFCX's 0.90% expense ratio.
Dividends
PMEFX vs. IPFCX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, less than IPFCX's 8.26% 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% |
PMEFX Penn Mutual AM 1847 Income Fund | 5.89% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMEFX and IPFCX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPFCX has higher volatility (2.44%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs IPFCX's -32.10%.
IPFCX currently has the higher Sharpe Ratio (2.67 vs -0.64), 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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