VOLMX vs. FPACX
Compare and contrast key facts about Volumetric Fund (VOLMX) and FPA Crescent Fund (FPACX).
VOLMX is managed by Volumetric. It was launched on Jan 2, 1979. 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: VOLMX or FPACX.
Key characteristics
| VOLMX | FPACX | |
|---|---|---|
| YTD Return | 10.34% | 10.76% |
| 1Y Return | 16.49% | 16.73% |
| 3Y Return (Ann) | 4.09% | 6.59% |
| 5Y Return (Ann) | 7.71% | 9.98% |
| 10Y Return (Ann) | 4.56% | 7.57% |
| Sharpe Ratio | 1.45 | 1.85 |
| Daily Std Dev | 11.47% | 9.03% |
| Max Drawdown | -49.43% | -31.59% |
| Current Drawdown | -0.92% | -0.84% |
Correlation
The correlation between VOLMX and FPACX 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
VOLMX vs. FPACX - Performance Comparison
The year-to-date returns for both investments are quite close, with VOLMX having a 10.34% return and FPACX slightly higher at 10.76%. Over the past 10 years, VOLMX has underperformed FPACX with an annualized return of 4.56%, while FPACX has yielded a comparatively higher 7.57% 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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VOLMX vs. FPACX - Expense Ratio Comparison
VOLMX has a 1.89% expense ratio, which is higher than FPACX's 1.00% expense ratio.
Risk-Adjusted Performance
VOLMX vs. FPACX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volumetric Fund (VOLMX) 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
VOLMX vs. FPACX - Dividend Comparison
VOLMX's dividend yield for the trailing twelve months is around 2.98%, less than FPACX's 5.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOLMX Volumetric Fund | 2.98% | 3.28% | 5.47% | 8.02% | 1.03% | 3.36% | 0.00% | 0.00% | 0.00% | 10.48% | 6.56% | 0.00% |
FPACX FPA Crescent Fund | 5.47% | 2.80% | 0.77% | 11.62% | 4.80% | 4.65% | 8.87% | 3.70% | 4.98% | 6.34% | 4.18% | 7.55% |
Drawdowns
VOLMX vs. FPACX - Drawdown Comparison
The maximum VOLMX drawdown since its inception was -49.43%, which is greater than FPACX's maximum drawdown of -31.59%. Use the drawdown chart below to compare losses from any high point for VOLMX and FPACX. For additional features, visit the drawdowns tool.
Volatility
VOLMX vs. FPACX - Volatility Comparison
Volumetric Fund (VOLMX) has a higher volatility of 3.75% compared to FPA Crescent Fund (FPACX) at 2.83%. This indicates that VOLMX'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.