WCPNX vs. CMBS
Compare and contrast key facts about Weitz Core Plus Income Fund (WCPNX) and iShares CMBS ETF (CMBS).
WCPNX is managed by Weitz. It was launched on Jul 31, 2014. CMBS is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. CMBS (ERISA Only) Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WCPNX or CMBS.
Key characteristics
| WCPNX | CMBS | |
|---|---|---|
| YTD Return | 6.35% | 6.59% |
| 1Y Return | 10.73% | 11.35% |
| 3Y Return (Ann) | 0.81% | -0.72% |
| 5Y Return (Ann) | 3.19% | 1.10% |
| 10Y Return (Ann) | 3.47% | 2.17% |
| Sharpe Ratio | 1.77 | 2.23 |
| Daily Std Dev | 5.94% | 4.97% |
| Max Drawdown | -13.61% | -15.87% |
| Current Drawdown | -0.10% | -2.77% |
Correlation
The correlation between WCPNX and CMBS is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WCPNX vs. CMBS - Performance Comparison
The year-to-date returns for both investments are quite close, with WCPNX having a 6.35% return and CMBS slightly higher at 6.59%. Over the past 10 years, WCPNX has outperformed CMBS with an annualized return of 3.47%, while CMBS has yielded a comparatively lower 2.17% 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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WCPNX vs. CMBS - Expense Ratio Comparison
WCPNX has a 0.89% expense ratio, which is higher than CMBS's 0.25% expense ratio.
Risk-Adjusted Performance
WCPNX vs. CMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Income Fund (WCPNX) and iShares CMBS ETF (CMBS). 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
WCPNX vs. CMBS - Dividend Comparison
WCPNX's dividend yield for the trailing twelve months is around 5.12%, more than CMBS's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WCPNX Weitz Core Plus Income Fund | 5.12% | 5.73% | 3.07% | 2.52% | 5.07% | 2.95% | 2.55% | 2.41% | 3.72% | 1.96% | 0.58% | 0.00% |
CMBS iShares CMBS ETF | 3.08% | 2.97% | 2.65% | 2.46% | 2.83% | 2.74% | 2.70% | 2.50% | 2.29% | 2.31% | 2.15% | 2.00% |
Drawdowns
WCPNX vs. CMBS - Drawdown Comparison
The maximum WCPNX drawdown since its inception was -13.61%, smaller than the maximum CMBS drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for WCPNX and CMBS. For additional features, visit the drawdowns tool.
Volatility
WCPNX vs. CMBS - Volatility Comparison
The current volatility for Weitz Core Plus Income Fund (WCPNX) is 0.89%, while iShares CMBS ETF (CMBS) has a volatility of 1.52%. This indicates that WCPNX experiences smaller price fluctuations and is considered to be less risky than CMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.