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WCPNX vs. FTABX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between WCPNX and FTABX is 0.46, 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.


-0.50.00.51.00.5

Performance

WCPNX vs. FTABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Core Plus Income Fund (WCPNX) and Fidelity Tax-Free Bond Fund (FTABX). The values are adjusted to include any dividend payments, if applicable.

28.00%30.00%32.00%34.00%36.00%JulyAugustSeptemberOctoberNovemberDecember
30.40%
28.84%
WCPNX
FTABX

Key characteristics

Sharpe Ratio

WCPNX:

0.58

FTABX:

0.37

Sortino Ratio

WCPNX:

0.87

FTABX:

0.52

Omega Ratio

WCPNX:

1.10

FTABX:

1.08

Calmar Ratio

WCPNX:

0.51

FTABX:

0.23

Martin Ratio

WCPNX:

1.90

FTABX:

1.37

Ulcer Index

WCPNX:

1.56%

FTABX:

0.96%

Daily Std Dev

WCPNX:

5.11%

FTABX:

3.52%

Max Drawdown

WCPNX:

-13.87%

FTABX:

-15.78%

Current Drawdown

WCPNX:

-3.47%

FTABX:

-3.13%

Returns By Period

In the year-to-date period, WCPNX achieves a 2.97% return, which is significantly higher than FTABX's 1.23% return. Over the past 10 years, WCPNX has outperformed FTABX with an annualized return of 2.61%, while FTABX has yielded a comparatively lower 2.30% annualized return.


WCPNX

YTD

2.97%

1M

-0.42%

6M

1.25%

1Y

3.18%

5Y*

1.88%

10Y*

2.61%

FTABX

YTD

1.23%

1M

-1.09%

6M

0.71%

1Y

1.50%

5Y*

0.97%

10Y*

2.30%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


WCPNX vs. FTABX - Expense Ratio Comparison

WCPNX has a 0.89% expense ratio, which is higher than FTABX's 0.25% expense ratio.


WCPNX
Weitz Core Plus Income Fund
Expense ratio chart for WCPNX: current value at 0.89% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.89%
Expense ratio chart for FTABX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

WCPNX vs. FTABX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Income Fund (WCPNX) and Fidelity Tax-Free Bond Fund (FTABX). 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.


Sharpe ratio
The chart of Sharpe ratio for WCPNX, currently valued at 0.48, compared to the broader market-1.000.001.002.003.004.000.480.37
The chart of Sortino ratio for WCPNX, currently valued at 0.72, compared to the broader market-2.000.002.004.006.008.0010.000.720.52
The chart of Omega ratio for WCPNX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.003.501.091.08
The chart of Calmar ratio for WCPNX, currently valued at 0.42, compared to the broader market0.002.004.006.008.0010.0012.0014.000.420.23
The chart of Martin ratio for WCPNX, currently valued at 1.57, compared to the broader market0.0020.0040.0060.001.571.37
WCPNX
FTABX

The current WCPNX Sharpe Ratio is 0.58, which is higher than the FTABX Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of WCPNX and FTABX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.48
0.37
WCPNX
FTABX

Dividends

WCPNX vs. FTABX - Dividend Comparison

WCPNX's dividend yield for the trailing twelve months is around 4.83%, more than FTABX's 2.78% yield.


TTM20232022202120202019201820172016201520142013
WCPNX
Weitz Core Plus Income Fund
4.83%5.73%2.93%2.23%3.31%2.72%2.55%2.11%2.43%1.78%0.58%0.00%
FTABX
Fidelity Tax-Free Bond Fund
2.78%2.90%2.85%2.40%2.60%2.84%3.02%3.07%3.37%3.58%3.62%3.86%

Drawdowns

WCPNX vs. FTABX - Drawdown Comparison

The maximum WCPNX drawdown since its inception was -13.87%, smaller than the maximum FTABX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for WCPNX and FTABX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.47%
-3.13%
WCPNX
FTABX

Volatility

WCPNX vs. FTABX - Volatility Comparison

Weitz Core Plus Income Fund (WCPNX) has a higher volatility of 1.46% compared to Fidelity Tax-Free Bond Fund (FTABX) at 1.33%. This indicates that WCPNX's price experiences larger fluctuations and is considered to be riskier than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.46%
1.33%
WCPNX
FTABX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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