WCPNX vs. FTABX
Compare and contrast key facts about Weitz Core Plus Income Fund (WCPNX) and Fidelity Tax-Free Bond Fund (FTABX).
WCPNX is managed by Weitz. It was launched on Jul 31, 2014. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WCPNX or FTABX.
Key characteristics
| WCPNX | FTABX | |
|---|---|---|
| YTD Return | 6.67% | 2.85% |
| 1Y Return | 11.30% | 8.35% |
| 3Y Return (Ann) | 1.03% | -0.23% |
| 5Y Return (Ann) | 3.16% | 1.62% |
| 10Y Return (Ann) | 3.52% | 2.85% |
| Sharpe Ratio | 1.86 | 2.13 |
| Daily Std Dev | 5.95% | 3.99% |
| Max Drawdown | -13.61% | -15.54% |
| Current Drawdown | 0.00% | -1.31% |
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.
Performance
WCPNX vs. FTABX - Performance Comparison
In the year-to-date period, WCPNX achieves a 6.67% return, which is significantly higher than FTABX's 2.85% return. Over the past 10 years, WCPNX has outperformed FTABX with an annualized return of 3.52%, while FTABX has yielded a comparatively lower 2.85% 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. FTABX - Expense Ratio Comparison
WCPNX has a 0.89% expense ratio, which is higher than FTABX's 0.25% expense ratio.
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.
Dividends
WCPNX vs. FTABX - Dividend Comparison
WCPNX's dividend yield for the trailing twelve months is around 5.11%, more than FTABX's 2.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WCPNX Weitz Core Plus Income Fund | 5.11% | 5.73% | 3.07% | 2.52% | 5.07% | 2.95% | 2.55% | 2.41% | 3.72% | 1.96% | 0.58% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 2.96% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% | 3.86% |
Drawdowns
WCPNX vs. FTABX - Drawdown Comparison
The maximum WCPNX drawdown since its inception was -13.61%, smaller than the maximum FTABX drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for WCPNX and FTABX. For additional features, visit the drawdowns tool.
Volatility
WCPNX vs. FTABX - Volatility Comparison
Weitz Core Plus Income Fund (WCPNX) has a higher volatility of 0.94% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.45%. 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.