WEFIX vs. FTBFX
Compare and contrast key facts about Weitz Short Duration Income Fund (WEFIX) and Fidelity Total Bond Fund (FTBFX).
WEFIX is managed by Weitz. It was launched on Dec 23, 1988. 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: WEFIX or FTBFX.
Key characteristics
| WEFIX | FTBFX | |
|---|---|---|
| YTD Return | 5.31% | 6.08% |
| 1Y Return | 7.97% | 11.73% |
| 3Y Return (Ann) | 2.63% | -0.67% |
| 5Y Return (Ann) | 2.66% | 1.71% |
| 10Y Return (Ann) | 2.37% | 2.74% |
| Sharpe Ratio | 3.83 | 2.15 |
| Daily Std Dev | 2.06% | 6.19% |
| Max Drawdown | -5.98% | -17.61% |
| Current Drawdown | 0.00% | -2.18% |
Correlation
The correlation between WEFIX and FTBFX is 0.69, 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
WEFIX vs. FTBFX - Performance Comparison
In the year-to-date period, WEFIX achieves a 5.31% return, which is significantly lower than FTBFX's 6.08% return. Over the past 10 years, WEFIX has underperformed FTBFX with an annualized return of 2.37%, while FTBFX has yielded a comparatively higher 2.74% 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. FTBFX - Expense Ratio Comparison
WEFIX has a 0.48% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
WEFIX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) 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
WEFIX vs. FTBFX - Dividend Comparison
WEFIX's dividend yield for the trailing twelve months is around 4.63%, more than FTBFX's 4.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEFIX Weitz Short Duration Income Fund | 4.63% | 3.75% | 2.54% | 1.87% | 2.54% | 2.49% | 2.41% | 2.11% | 2.43% | 2.39% | 2.00% | 1.91% |
FTBFX 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
WEFIX vs. FTBFX - Drawdown Comparison
The maximum WEFIX drawdown since its inception was -5.98%, smaller than the maximum FTBFX drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for WEFIX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
WEFIX vs. FTBFX - Volatility Comparison
The current volatility for Weitz Short Duration Income Fund (WEFIX) is 0.46%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.23%. This indicates that WEFIX 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.