WCPNX vs. CLF.TO
WCPNX (Weitz Core Plus Income Fund) and CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) are both funds - WCPNX is a Intermediate Core-Plus Bond fund managed by Weitz, while CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Over the past 10 years, WCPNX returned 3.17%/yr vs 0.65%/yr for CLF.TO. At a 0.21 correlation, their price movements are largely independent. WCPNX charges 0.89%/yr vs 0.17%/yr for CLF.TO.
Performance
WCPNX vs. CLF.TO - Performance Comparison
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Different Trading Currencies
WCPNX is traded in USD, while CLF.TO is traded in CAD. To make them comparable, the CLF.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WCPNX achieves a 0.27% return, which is significantly higher than CLF.TO's -1.09% return. Over the past 10 years, WCPNX has outperformed CLF.TO with an annualized return of 3.17%, while CLF.TO has yielded a comparatively lower 0.65% annualized return.
WCPNX
- 1D
- -0.42%
- 1M
- -0.41%
- YTD
- 0.27%
- 6M
- 0.89%
- 1Y
- 5.64%
- 3Y*
- 5.24%
- 5Y*
- 1.85%
- 10Y*
- 3.17%
CLF.TO
- 1D
- -0.33%
- 1M
- -1.91%
- YTD
- -1.09%
- 6M
- 0.22%
- 1Y
- 0.58%
- 3Y*
- 2.76%
- 5Y*
- -1.13%
- 10Y*
- 0.65%
WCPNX vs. CLF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCPNX Weitz Core Plus Income Fund | 0.27% | 7.89% | 4.10% | 7.00% | -9.92% | 1.60% | 10.18% | 7.39% | 1.49% | 2.83% |
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | -1.09% | 8.31% | -3.36% | 7.12% | -9.71% | -1.22% | 7.37% | 6.88% | -6.20% | 6.74% |
Correlation
The correlation between WCPNX and CLF.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2014 | 0.21 |
The correlation between WCPNX and CLF.TO shifts across timeframes, from 0.21 (all time) to 0.32 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WCPNX vs. CLF.TO — Risk / Return Rank
WCPNX
CLF.TO
WCPNX vs. CLF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Income Fund (WCPNX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO). 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.
| WCPNX | CLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.02 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 0.17 | +1.69 |
| Martin ratioReturn relative to average drawdown | 5.80 | 0.41 | +5.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WCPNX | CLF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.12 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | -0.16 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.09 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.06 | +0.79 |
Drawdowns
WCPNX vs. CLF.TO - Drawdown Comparison
The maximum WCPNX drawdown since its inception was -13.63%, smaller than the maximum CLF.TO drawdown of -27.88%. Use the drawdown chart below to compare losses from any high point for WCPNX and CLF.TO.
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Drawdown Indicators
| WCPNX | CLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -27.88% | +14.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -3.33% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.17% | -7.33% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -13.63% | -17.86% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -13.63% | -18.06% | +4.43% |
Current DrawdownCurrent decline from peak | -1.40% | -11.63% | +10.23% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -12.27% | +10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.40% | -0.52% |
Volatility
WCPNX vs. CLF.TO - Volatility Comparison
Weitz Core Plus Income Fund (WCPNX) has a higher volatility of 1.31% compared to iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) at 1.08%. This indicates that WCPNX's price experiences larger fluctuations and is considered to be riskier than CLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCPNX | CLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.08% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 3.81% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.78% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 7.02% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 7.41% | -3.24% |
WCPNX vs. CLF.TO - Expense Ratio Comparison
WCPNX has a 0.89% expense ratio, which is higher than CLF.TO's 0.17% expense ratio.
Dividends
WCPNX vs. CLF.TO - Dividend Comparison
WCPNX's dividend yield for the trailing twelve months is around 4.92%, more than CLF.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 2.25% | 2.22% | 2.22% | 2.23% | 2.10% | 1.98% | 2.15% | 2.46% | 2.67% | 2.91% | 3.12% | 3.29% |
WCPNX Weitz Core Plus Income Fund | 4.92% | 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
WCPNX and CLF.TO 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.
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