WCPNX vs. FBND
Compare and contrast key facts about Weitz Core Plus Income Fund (WCPNX) and Fidelity Total Bond ETF (FBND).
WCPNX is managed by Weitz. It was launched on Jul 31, 2014. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WCPNX or FBND.
Performance
WCPNX vs. FBND - Performance Comparison
Returns By Period
In the year-to-date period, WCPNX achieves a 3.51% return, which is significantly higher than FBND's 2.49% return. Over the past 10 years, WCPNX has outperformed FBND with an annualized return of 2.65%, while FBND has yielded a comparatively lower 2.24% annualized return.
WCPNX
3.51%
-0.42%
3.16%
7.39%
1.93%
2.65%
FBND
2.49%
-0.59%
3.31%
7.41%
0.96%
2.24%
Key characteristics
| WCPNX | FBND | |
|---|---|---|
| Sharpe Ratio | 1.42 | 1.31 |
| Sortino Ratio | 2.14 | 1.90 |
| Omega Ratio | 1.26 | 1.23 |
| Calmar Ratio | 0.95 | 0.63 |
| Martin Ratio | 5.39 | 4.87 |
| Ulcer Index | 1.39% | 1.55% |
| Daily Std Dev | 5.28% | 5.76% |
| Max Drawdown | -13.87% | -17.25% |
| Current Drawdown | -2.96% | -5.20% |
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WCPNX vs. FBND - Expense Ratio Comparison
WCPNX has a 0.89% expense ratio, which is higher than FBND's 0.36% expense ratio.
Correlation
The correlation between WCPNX and FBND is 0.79, 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.
Risk-Adjusted Performance
WCPNX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Income Fund (WCPNX) and Fidelity Total Bond ETF (FBND). 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. FBND - Dividend Comparison
WCPNX's dividend yield for the trailing twelve months is around 5.24%, more than FBND's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WCPNX Weitz Core Plus Income Fund | 5.24% | 5.73% | 2.93% | 2.23% | 3.31% | 2.72% | 2.55% | 2.11% | 2.43% | 1.78% | 0.58% |
FBND Fidelity Total Bond ETF | 4.59% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
WCPNX vs. FBND - Drawdown Comparison
The maximum WCPNX drawdown since its inception was -13.87%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for WCPNX and FBND. For additional features, visit the drawdowns tool.
Volatility
WCPNX vs. FBND - Volatility Comparison
Weitz Core Plus Income Fund (WCPNX) and Fidelity Total Bond ETF (FBND) have volatilities of 1.35% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.