WEFIX vs. WPOPX
WEFIX (Weitz Short Duration Income Fund) and WPOPX (Weitz Partners III Opportunity Fund) are both mutual funds - WEFIX is a Short-Term Bond fund managed by Weitz, while WPOPX is a Long-Short fund managed by Weitz. Over the past 10 years, WEFIX returned 2.74%/yr vs 6.59%/yr for WPOPX. At a 0.04 correlation, their price movements are largely independent. WEFIX charges 0.48%/yr vs 1.43%/yr for WPOPX.
Performance
WEFIX vs. WPOPX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WEFIX having a 1.41% return and WPOPX slightly lower at 1.39%. Over the past 10 years, WEFIX has underperformed WPOPX with an annualized return of 2.74%, while WPOPX has yielded a comparatively higher 6.59% annualized return.
WEFIX
- 1D
- -0.08%
- 1M
- 0.13%
- 6M
- 1.33%
- YTD
- 1.41%
- 1Y
- 4.20%
- 3Y*
- 5.50%
- 5Y*
- 3.15%
- 10Y*
- 2.74%
WPOPX
- 1D
- 0.38%
- 1M
- 5.12%
- 6M
- -0.45%
- YTD
- 1.39%
- 1Y
- 1.75%
- 3Y*
- 8.52%
- 5Y*
- 2.04%
- 10Y*
- 6.59%
WEFIX vs. WPOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WEFIX Weitz Short Duration Income Fund | 1.41% | 5.64% | 6.12% | 5.90% | -2.72% | 1.04% | 3.34% | 4.23% | 1.34% | 1.54% |
WPOPX Weitz Partners III Opportunity Fund | 1.39% | 3.23% | 16.32% | 17.35% | -22.53% | 12.55% | 9.45% | 34.24% | -5.26% | 5.48% |
Correlation
The correlation between WEFIX and WPOPX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2005 | 0.04 |
Over the past year, WEFIX and WPOPX have become more correlated (0.26) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
WEFIX vs. WPOPX — Risk / Return Rank
WEFIX
WPOPX
WEFIX vs. WPOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) and Weitz Partners III Opportunity Fund (WPOPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WEFIX | WPOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +4.83 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.02 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 0.06 | +4.52 |
| Martin ratioReturn relative to average drawdown | 21.19 | 0.18 | +21.01 |
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Drawdowns
WEFIX vs. WPOPX - Drawdown Comparison
The maximum WEFIX drawdown since its inception was -5.98%, smaller than the maximum WPOPX drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for WEFIX and WPOPX.
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Drawdown Indicators
| WEFIX | WPOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.98% | -55.70% | +49.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -12.44% | +11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -14.79% | +13.88% |
Max Drawdown (5Y)Largest decline over 5 years | -4.75% | -28.73% | +23.98% |
Max Drawdown (10Y)Largest decline over 10 years | -5.98% | -28.73% | +22.75% |
Current DrawdownCurrent decline from peak | -0.17% | -0.98% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -8.33% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 4.37% | -4.17% |
Volatility
WEFIX vs. WPOPX - Volatility Comparison
The current volatility for Weitz Short Duration Income Fund (WEFIX) is 0.48%, while Weitz Partners III Opportunity Fund (WPOPX) has a volatility of 4.54%. This indicates that WEFIX experiences smaller price fluctuations and is considered to be less risky than WPOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEFIX | WPOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 4.54% | -4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 9.71% | -8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.79% | 12.48% | -10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.92% | 15.99% | -14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.70% | 15.95% | -14.25% |
WEFIX vs. WPOPX - Expense Ratio Comparison
WEFIX has a 0.48% expense ratio, which is lower than WPOPX's 1.43% expense ratio.
Dividends
WEFIX vs. WPOPX - Dividend Comparison
WEFIX's dividend yield for the trailing twelve months is around 4.55%, less than WPOPX's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEFIX Weitz Short Duration Income Fund | 4.55% | 4.55% | 5.07% | 3.73% | 2.54% | 1.87% | 2.54% | 2.49% | 2.41% | 2.11% | 2.43% | 2.39% |
WPOPX Weitz Partners III Opportunity Fund | 5.55% | 5.62% | 7.04% | 6.85% | 8.47% | 11.86% | 12.50% | 6.51% | 7.99% | 4.65% | 1.35% | 13.50% |
Frequently Asked Questions
WEFIX and WPOPX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPOPX has higher volatility (4.54%) compared to WEFIX (0.48%). In terms of maximum drawdown, WEFIX dropped -5.98% vs WPOPX's -55.70%.
WEFIX currently has the higher Sharpe Ratio (2.33 vs 0.06), 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.
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