WCPNX vs. PGEOX

Last updated Jun 6, 2026

WCPNX (Weitz Core Plus Income Fund) and PGEOX (George Putnam Balanced Fund) are both mutual funds - WCPNX is a Intermediate Core-Plus Bond fund managed by Weitz, while PGEOX is a Diversified Portfolio fund managed by Putnam. Over the past 10 years, WCPNX returned 3.22%/yr vs 10.11%/yr for PGEOX. At a 0.15 correlation, their price movements are largely independent. WCPNX charges 0.89%/yr vs 0.94%/yr for PGEOX.

Performance

WCPNX vs. PGEOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Core Plus Income Fund (WCPNX) and George Putnam Balanced Fund (PGEOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCPNX achieves a 0.69% return, which is significantly lower than PGEOX's 8.59% return. Over the past 10 years, WCPNX has underperformed PGEOX with an annualized return of 3.22%, while PGEOX has yielded a comparatively higher 10.11% annualized return.

WCPNX

• 1D: 0.10%
• 1M: 0.01%
• YTD: 0.69%
• 6M: 1.21%
• 1Y: 5.53%
• 3Y*: 5.43%
• 5Y*: 1.94%
• 10Y*: 3.22%

PGEOX

• 1D: 0.34%
• 1M: 2.42%
• YTD: 8.59%
• 6M: 8.64%
• 1Y: 22.18%
• 3Y*: 17.98%
• 5Y*: 9.55%
• 10Y*: 10.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WCPNX vs. PGEOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCPNX Weitz Core Plus Income Fund	0.69%	7.89%	4.10%	7.00%	-9.92%	1.60%	10.18%	7.39%	1.49%	2.83%
PGEOX George Putnam Balanced Fund	8.59%	14.02%	20.65%	19.93%	-17.59%	13.80%	9.25%	22.61%	-3.03%	15.02%

Correlation

The correlation between WCPNX and PGEOX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 4, 2014	0.15

Over the past year, WCPNX and PGEOX have become more correlated (0.42) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

WCPNX vs. PGEOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WCPNX

WCPNX Risk / Return Rank: 29
WCPNX Sharpe Ratio Rank: 28
WCPNX Sortino Ratio Rank: 29
WCPNX Omega Ratio Rank: 28
WCPNX Calmar Ratio Rank: 31
WCPNX Martin Ratio Rank: 28

PGEOX

PGEOX Risk / Return Rank: 84
PGEOX Sharpe Ratio Rank: 84
PGEOX Sortino Ratio Rank: 81
PGEOX Omega Ratio Rank: 79
PGEOX Calmar Ratio Rank: 84
PGEOX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WCPNX vs. PGEOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Income Fund (WCPNX) and George Putnam Balanced Fund (PGEOX). 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.

	WCPNX	PGEOX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.68	-1.23
Sortino ratio: Return per unit of downside risk	2.15	3.81	-1.66
Omega ratio: Gain probability vs. loss probability	1.26	1.51	-0.24
Calmar ratio: Return relative to maximum drawdown	1.98	3.81	-1.83
Martin ratio: Return relative to average drawdown	6.20	17.99	-11.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCPNX vs. PGEOX - Sharpe Ratio Comparison

The current WCPNX Sharpe Ratio is 1.45, which is lower than the PGEOX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of WCPNX and PGEOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WCPNX	PGEOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	2.68	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.84	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.87	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.44	+0.41

Drawdowns

WCPNX vs. PGEOX - Drawdown Comparison

The maximum WCPNX drawdown since its inception was -13.63%, smaller than the maximum PGEOX drawdown of -50.63%. Use the drawdown chart below to compare losses from any high point for WCPNX and PGEOX.

Drawdown Indicators

	WCPNX	PGEOX	Difference
Max Drawdown Largest peak-to-trough decline	-13.63%	-50.63%	+37.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	-5.72%	+2.98%
Max Drawdown (3Y) Largest decline over 3 years	-5.17%	-12.61%	+7.44%
Max Drawdown (5Y) Largest decline over 5 years	-13.63%	-21.36%	+7.73%
Max Drawdown (10Y) Largest decline over 10 years	-13.63%	-23.00%	+9.37%
Current Drawdown Current decline from peak	-0.99%	-0.27%	-0.72%
Average Drawdown Average peak-to-trough decline	-2.18%	-11.74%	+9.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	1.21%	-0.33%

Volatility

WCPNX vs. PGEOX - Volatility Comparison

The current volatility for Weitz Core Plus Income Fund (WCPNX) is 1.31%, while George Putnam Balanced Fund (PGEOX) has a volatility of 2.39%. This indicates that WCPNX experiences smaller price fluctuations and is considered to be less risky than PGEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCPNX	PGEOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	2.39%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	6.39%	-3.62%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	8.13%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.00%	11.41%	-6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.17%	11.62%	-7.45%

WCPNX vs. PGEOX - Expense Ratio Comparison

WCPNX has a 0.89% expense ratio, which is lower than PGEOX's 0.94% expense ratio.

Dividends

WCPNX vs. PGEOX - Dividend Comparison

WCPNX's dividend yield for the trailing twelve months is around 4.89%, less than PGEOX's 7.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGEOX George Putnam Balanced Fund	7.55%	8.13%	7.99%	1.10%	0.89%	7.75%	1.05%	5.22%	9.04%	1.10%	1.18%	1.13%
WCPNX Weitz Core Plus Income Fund	4.89%	5.26%	6.15%	4.92%	3.04%	2.51%	5.07%	2.95%	2.55%	2.41%	3.72%	1.96%

Frequently Asked Questions

Can I hold both WCPNX and PGEOX in my portfolio?

WCPNX and PGEOX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCPNX or PGEOX?

PGEOX has higher volatility (2.39%) compared to WCPNX (1.31%). In terms of maximum drawdown, WCPNX dropped -13.63% vs PGEOX's -50.63%.

Which has better risk-adjusted returns?

PGEOX currently has the higher Sharpe Ratio (2.68 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.