WEFIX vs. FCNVX
Compare and contrast key facts about Weitz Short Duration Income Fund (WEFIX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
WEFIX is managed by Weitz. It was launched on Dec 23, 1988. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEFIX or FCNVX.
Key characteristics
| WEFIX | FCNVX | |
|---|---|---|
| YTD Return | 5.43% | 5.06% |
| 1Y Return | 7.29% | 5.84% |
| 3Y Return (Ann) | 2.64% | 3.83% |
| 5Y Return (Ann) | 2.56% | 2.62% |
| 10Y Return (Ann) | 2.21% | 2.03% |
| Sharpe Ratio | 3.57 | 3.66 |
| Sortino Ratio | 7.81 | 14.19 |
| Omega Ratio | 2.05 | 4.47 |
| Calmar Ratio | 9.65 | 58.28 |
| Martin Ratio | 30.25 | 127.56 |
| Ulcer Index | 0.24% | 0.05% |
| Daily Std Dev | 2.02% | 1.58% |
| Max Drawdown | -5.98% | -2.19% |
| Current Drawdown | -0.27% | 0.00% |
Correlation
The correlation between WEFIX and FCNVX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WEFIX vs. FCNVX - Performance Comparison
In the year-to-date period, WEFIX achieves a 5.43% return, which is significantly higher than FCNVX's 5.06% return. Over the past 10 years, WEFIX has outperformed FCNVX with an annualized return of 2.21%, while FCNVX has yielded a comparatively lower 2.03% 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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WEFIX vs. FCNVX - Expense Ratio Comparison
WEFIX has a 0.48% expense ratio, which is higher than FCNVX's 0.25% expense ratio.
Risk-Adjusted Performance
WEFIX vs. FCNVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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
WEFIX vs. FCNVX - Dividend Comparison
WEFIX's dividend yield for the trailing twelve months is around 4.71%, less than FCNVX's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEFIX Weitz Short Duration Income Fund | 4.71% | 3.75% | 2.47% | 1.70% | 2.38% | 2.49% | 2.41% | 2.11% | 2.13% | 2.05% | 1.95% | 1.91% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.26% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
Drawdowns
WEFIX vs. FCNVX - Drawdown Comparison
The maximum WEFIX drawdown since its inception was -5.98%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for WEFIX and FCNVX. For additional features, visit the drawdowns tool.
Volatility
WEFIX vs. FCNVX - Volatility Comparison
Weitz Short Duration Income Fund (WEFIX) has a higher volatility of 0.56% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.43%. This indicates that WEFIX's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.