WEFIX vs. FTHRX
Compare and contrast key facts about Weitz Short Duration Income Fund (WEFIX) and Fidelity Intermediate Bond Fund (FTHRX).
WEFIX is managed by Weitz. It was launched on Dec 23, 1988. FTHRX is managed by Fidelity. It was launched on May 23, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEFIX or FTHRX.
Key characteristics
| WEFIX | FTHRX | |
|---|---|---|
| YTD Return | 5.31% | 5.15% |
| 1Y Return | 7.97% | 9.46% |
| 3Y Return (Ann) | 2.63% | -0.03% |
| 5Y Return (Ann) | 2.66% | 1.49% |
| 10Y Return (Ann) | 2.37% | 2.09% |
| Sharpe Ratio | 3.83 | 2.44 |
| Daily Std Dev | 2.06% | 4.00% |
| Max Drawdown | -5.98% | -12.77% |
| Current Drawdown | 0.00% | -0.52% |
Correlation
The correlation between WEFIX and FTHRX is 0.73, 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
WEFIX vs. FTHRX - Performance Comparison
The year-to-date returns for both stocks are quite close, with WEFIX having a 5.31% return and FTHRX slightly lower at 5.15%. Over the past 10 years, WEFIX has outperformed FTHRX with an annualized return of 2.37%, while FTHRX has yielded a comparatively lower 2.09% 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. FTHRX - Expense Ratio Comparison
WEFIX has a 0.48% expense ratio, which is higher than FTHRX's 0.45% expense ratio.
Risk-Adjusted Performance
WEFIX vs. FTHRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) and Fidelity Intermediate Bond Fund (FTHRX). 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. FTHRX - Dividend Comparison
WEFIX's dividend yield for the trailing twelve months is around 4.63%, more than FTHRX's 3.34% 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% |
FTHRX Fidelity Intermediate Bond Fund | 3.34% | 2.94% | 2.05% | 1.81% | 4.30% | 2.49% | 2.47% | 2.20% | 2.21% | 2.58% | 2.35% | 2.21% |
Drawdowns
WEFIX vs. FTHRX - Drawdown Comparison
The maximum WEFIX drawdown since its inception was -5.98%, smaller than the maximum FTHRX drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for WEFIX and FTHRX. For additional features, visit the drawdowns tool.
Volatility
WEFIX vs. FTHRX - Volatility Comparison
The current volatility for Weitz Short Duration Income Fund (WEFIX) is 0.46%, while Fidelity Intermediate Bond Fund (FTHRX) has a volatility of 0.87%. This indicates that WEFIX experiences smaller price fluctuations and is considered to be less risky than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.