WCPNX vs. FTBFX
Compare and contrast key facts about Weitz Core Plus Income Fund (WCPNX) and Fidelity Total Bond Fund (FTBFX).
WCPNX is managed by Weitz. It was launched on Jul 31, 2014. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WCPNX or FTBFX.
Key characteristics
WCPNX | FTBFX | |
---|---|---|
YTD Return | 6.13% | 6.08% |
1Y Return | 10.86% | 11.73% |
3Y Return (Ann) | 0.86% | -0.61% |
5Y Return (Ann) | 3.00% | 1.71% |
10Y Return (Ann) | 3.46% | 2.75% |
Sharpe Ratio | 1.78 | 2.11 |
Daily Std Dev | 5.96% | 6.19% |
Max Drawdown | -13.61% | -17.61% |
Current Drawdown | -0.50% | -2.18% |
Correlation
The correlation between WCPNX and FTBFX is 0.87, 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.
Performance
WCPNX vs. FTBFX - Performance Comparison
The year-to-date returns for both stocks are quite close, with WCPNX having a 6.13% return and FTBFX slightly lower at 6.08%. Over the past 10 years, WCPNX has outperformed FTBFX with an annualized return of 3.46%, while FTBFX has yielded a comparatively lower 2.75% 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. FTBFX - Expense Ratio Comparison
WCPNX has a 0.89% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
WCPNX vs. FTBFX - 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 Fund (FTBFX). 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. FTBFX - Dividend Comparison
WCPNX's dividend yield for the trailing twelve months is around 5.13%, more than FTBFX's 4.46% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Weitz Core Plus Income Fund | 5.13% | 5.73% | 3.07% | 2.52% | 5.07% | 2.95% | 2.55% | 2.41% | 3.72% | 1.96% | 0.58% | 0.00% |
Fidelity Total Bond Fund | 4.46% | 4.15% | 3.33% | 2.24% | 5.22% | 3.03% | 3.18% | 2.98% | 3.21% | 3.71% | 3.13% | 3.91% |
Drawdowns
WCPNX vs. FTBFX - Drawdown Comparison
The maximum WCPNX drawdown since its inception was -13.61%, smaller than the maximum FTBFX drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for WCPNX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
WCPNX vs. FTBFX - Volatility Comparison
The current volatility for Weitz Core Plus Income Fund (WCPNX) is 1.06%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.24%. This indicates that WCPNX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.