WBALX vs. WNTFX

Last updated Jun 5, 2026

WBALX (Weitz Balanced Fund) and WNTFX (Weitz Nebraska Tax-Free Income Fund) are both mutual funds - WBALX is a Diversified Portfolio fund managed by Weitz, while WNTFX is a Municipal Bonds fund managed by Weitz. At a correlation of -0.04, they often move in opposite directions. WBALX charges 0.85%/yr vs 0.45%/yr for WNTFX.

Performance

WBALX vs. WNTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Balanced Fund (WBALX) and Weitz Nebraska Tax-Free Income Fund (WNTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WBALX

• 1D: -0.12%
• 1M: 0.24%
• YTD: -1.02%
• 6M: -0.57%
• 1Y: 1.86%
• 3Y*: 4.87%
• 5Y*: 2.59%
• 10Y*: 5.45%

WNTFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WBALX vs. WNTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WBALX Weitz Balanced Fund	-1.02%	3.77%	6.85%	9.27%	-9.95%	13.11%	8.13%	17.94%	-1.79%	11.16%
WNTFX Weitz Nebraska Tax-Free Income Fund	0.67%	4.56%	1.19%	3.79%	-4.84%	0.35%	3.64%	4.05%	0.67%	1.61%

Correlation

The correlation between WBALX and WNTFX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jan 4, 2007	-0.04

The correlation between WBALX and WNTFX shifts across timeframes, from -0.04 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

WBALX vs. WNTFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WBALX

WBALX Risk / Return Rank: 5
WBALX Sharpe Ratio Rank: 5
WBALX Sortino Ratio Rank: 5
WBALX Omega Ratio Rank: 4
WBALX Calmar Ratio Rank: 5
WBALX Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WBALX vs. WNTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Balanced Fund (WBALX) and Weitz Nebraska Tax-Free Income Fund (WNTFX). 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.

	WBALX	WNTFX	Difference
Sharpe ratio: Return per unit of total volatility	0.34	—	—
Sortino ratio: Return per unit of downside risk	0.55	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.34	—	—
Martin ratio: Return relative to average drawdown	1.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WBALX	WNTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	—	—

Drawdowns

Drawdown Indicators

	WBALX	WNTFX	Difference
Max Drawdown Largest peak-to-trough decline	-43.04%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.93%	—	—
Current Drawdown Current decline from peak	-2.72%	—	—
Average Drawdown Average peak-to-trough decline	-4.11%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	—	—

Volatility

Volatility by Period

	WBALX	WNTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.69%	—	—

WBALX vs. WNTFX - Expense Ratio Comparison

WBALX has a 0.85% expense ratio, which is higher than WNTFX's 0.45% expense ratio.

Dividends

WBALX vs. WNTFX - Dividend Comparison

WBALX's dividend yield for the trailing twelve months is around 5.00%, more than WNTFX's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WBALX Weitz Balanced Fund	5.00%	4.95%	4.98%	1.11%	1.95%	2.57%	1.08%	1.88%	9.78%	2.72%	3.26%	5.51%
WNTFX Weitz Nebraska Tax-Free Income Fund	2.55%	2.27%	2.03%	2.02%	1.97%	1.14%	1.60%	1.24%	1.48%	1.41%	1.72%	1.95%

Frequently Asked Questions

Can I hold both WBALX and WNTFX in my portfolio?

WBALX and WNTFX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.