PTIAX vs. WCPNX
PTIAX (Performance Trust Strategic Bond Fund) and WCPNX (Weitz Core Plus Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PTIAX returned 2.83%/yr vs 3.16%/yr for WCPNX. Their correlation of 0.84 suggests significant overlap in exposure. PTIAX charges 0.76%/yr vs 0.89%/yr for WCPNX.
Performance
PTIAX vs. WCPNX - Performance Comparison
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Returns By Period
In the year-to-date period, PTIAX achieves a 1.05% return, which is significantly higher than WCPNX's 0.59% return. Over the past 10 years, PTIAX has underperformed WCPNX with an annualized return of 2.83%, while WCPNX has yielded a comparatively higher 3.16% annualized return.
PTIAX
- 1D
- -0.30%
- 1M
- 1.11%
- YTD
- 1.05%
- 6M
- 1.15%
- 1Y
- 5.26%
- 3Y*
- 5.24%
- 5Y*
- 0.95%
- 10Y*
- 2.83%
WCPNX
- 1D
- -0.31%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 1.10%
- 1Y
- 4.98%
- 3Y*
- 5.35%
- 5Y*
- 1.81%
- 10Y*
- 3.16%
PTIAX vs. WCPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 1.05% | 6.92% | 3.52% | 7.48% | -12.84% | 1.15% | 5.73% | 7.36% | 2.01% | 7.08% |
WCPNX Weitz Core Plus Income Fund | 0.59% | 7.89% | 4.10% | 7.00% | -9.92% | 1.60% | 10.18% | 7.39% | 1.49% | 2.83% |
Correlation
The correlation between PTIAX and WCPNX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2014 | 0.84 |
The correlation between PTIAX and WCPNX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
PTIAX vs. WCPNX — Risk / Return Rank
PTIAX
WCPNX
PTIAX vs. WCPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Performance Trust Strategic Bond Fund (PTIAX) and Weitz Core Plus Income Fund (WCPNX). 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.
| PTIAX | WCPNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.90 | -0.03 |
| Martin ratioReturn relative to average drawdown | 5.16 | 5.76 | -0.61 |
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Drawdowns
PTIAX vs. WCPNX - Drawdown Comparison
The maximum PTIAX drawdown since its inception was -16.90%, which is greater than WCPNX's maximum drawdown of -13.63%. Use the drawdown chart below to compare losses from any high point for PTIAX and WCPNX.
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Drawdown Indicators
| PTIAX | WCPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -13.63% | -3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.74% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -5.17% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -13.63% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -16.90% | -13.63% | -3.27% |
Current DrawdownCurrent decline from peak | -1.20% | -1.10% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -2.18% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.90% | +0.19% |
Volatility
PTIAX vs. WCPNX - Volatility Comparison
The current volatility for Performance Trust Strategic Bond Fund (PTIAX) is 1.01%, while Weitz Core Plus Income Fund (WCPNX) has a volatility of 1.11%. This indicates that PTIAX experiences smaller price fluctuations and is considered to be less risky than WCPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTIAX | WCPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.11% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.87% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 3.75% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 5.01% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 4.18% | -0.13% |
PTIAX vs. WCPNX - Expense Ratio Comparison
PTIAX has a 0.76% expense ratio, which is lower than WCPNX's 0.89% expense ratio.
Dividends
PTIAX vs. WCPNX - Dividend Comparison
PTIAX's dividend yield for the trailing twelve months is around 4.76%, less than WCPNX's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 4.76% | 4.68% | 4.44% | 4.03% | 3.96% | 3.01% | 3.86% | 4.11% | 4.47% | 5.51% | 5.49% | 4.87% |
WCPNX Weitz Core Plus Income Fund | 4.90% | 5.26% | 6.15% | 4.92% | 3.04% | 2.51% | 5.07% | 2.95% | 2.55% | 2.41% | 3.72% | 1.96% |
Frequently Asked Questions
PTIAX and WCPNX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCPNX has higher volatility (1.11%) compared to PTIAX (1.01%). In terms of maximum drawdown, PTIAX dropped -16.90% vs WCPNX's -13.63%.
PTIAX currently has the higher Sharpe Ratio (1.42 vs 1.39), 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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