WCPNX vs. TLT
Compare and contrast key facts about Weitz Core Plus Income Fund (WCPNX) and iShares 20+ Year Treasury Bond ETF (TLT).
WCPNX is managed by Weitz. It was launched on Jul 31, 2014. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WCPNX or TLT.
Performance
WCPNX vs. TLT - Performance Comparison
Returns By Period
In the year-to-date period, WCPNX achieves a 3.40% return, which is significantly higher than TLT's -5.58% return. Over the past 10 years, WCPNX has outperformed TLT with an annualized return of 2.63%, while TLT has yielded a comparatively lower -0.37% annualized return.
WCPNX
3.40%
-0.53%
3.38%
7.28%
1.90%
2.63%
TLT
-5.58%
-1.81%
1.13%
3.40%
-6.09%
-0.37%
Key characteristics
| WCPNX | TLT | |
|---|---|---|
| Sharpe Ratio | 1.38 | 0.26 |
| Sortino Ratio | 2.08 | 0.46 |
| Omega Ratio | 1.25 | 1.05 |
| Calmar Ratio | 0.92 | 0.09 |
| Martin Ratio | 5.18 | 0.60 |
| Ulcer Index | 1.41% | 6.30% |
| Daily Std Dev | 5.29% | 14.73% |
| Max Drawdown | -13.87% | -48.35% |
| Current Drawdown | -3.06% | -41.17% |
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WCPNX vs. TLT - Expense Ratio Comparison
WCPNX has a 0.89% expense ratio, which is higher than TLT's 0.15% expense ratio.
Correlation
The correlation between WCPNX and TLT is 0.78, 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. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Income Fund (WCPNX) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
WCPNX's dividend yield for the trailing twelve months is around 5.28%, more than TLT's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WCPNX Weitz Core Plus Income Fund | 5.28% | 5.73% | 2.93% | 2.23% | 3.31% | 2.72% | 2.55% | 2.11% | 2.43% | 1.78% | 0.58% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.07% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
WCPNX vs. TLT - Drawdown Comparison
The maximum WCPNX drawdown since its inception was -13.87%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for WCPNX and TLT. For additional features, visit the drawdowns tool.
Volatility
WCPNX vs. TLT - Volatility Comparison
The current volatility for Weitz Core Plus Income Fund (WCPNX) is 1.34%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.65%. This indicates that WCPNX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.