WPVLX vs. WBALX

Last updated Jun 24, 2026

WPVLX (Weitz Partners Value Fund) and WBALX (Weitz Balanced Fund) are both mutual funds - WPVLX is a Large Cap Blend Equities fund managed by Weitz, while WBALX is a Diversified Portfolio fund managed by Weitz. Over the past 10 years, WPVLX returned 7.13%/yr vs 5.63%/yr for WBALX. Their correlation of 0.94 suggests significant overlap in exposure. WPVLX charges 1.09%/yr vs 0.85%/yr for WBALX.

Performance

WPVLX vs. WBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Partners Value Fund (WPVLX) and Weitz Balanced Fund (WBALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WPVLX achieves a -4.23% return, which is significantly lower than WBALX's -1.10% return. Over the past 10 years, WPVLX has outperformed WBALX with an annualized return of 7.13%, while WBALX has yielded a comparatively lower 5.63% annualized return.

WPVLX

• 1D: -1.15%
• 1M: 0.72%
• YTD: -4.23%
• 6M: -5.13%
• 1Y: -3.49%
• 3Y*: 7.77%
• 5Y*: 2.54%
• 10Y*: 7.13%

WBALX

• 1D: -0.25%
• 1M: 0.65%
• YTD: -1.10%
• 6M: -1.46%
• 1Y: 2.01%
• 3Y*: 4.58%
• 5Y*: 2.65%
• 10Y*: 5.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WPVLX vs. WBALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WPVLX Weitz Partners Value Fund	-4.23%	3.15%	15.68%	17.83%	-21.28%	23.67%	7.53%	33.31%	-11.48%	11.45%
WBALX Weitz Balanced Fund	-1.10%	3.77%	6.85%	9.27%	-9.95%	13.11%	8.13%	17.94%	-1.79%	11.16%

Correlation

The correlation between WPVLX and WBALX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 1, 2003	0.94

The correlation between WPVLX and WBALX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

WPVLX vs. WBALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WPVLX

WPVLX Risk / Return Rank: 2
WPVLX Sharpe Ratio Rank: 2
WPVLX Sortino Ratio Rank: 2
WPVLX Omega Ratio Rank: 2
WPVLX Calmar Ratio Rank: 2
WPVLX Martin Ratio Rank: 2

WBALX

WBALX Risk / Return Rank: 6
WBALX Sharpe Ratio Rank: 6
WBALX Sortino Ratio Rank: 6
WBALX Omega Ratio Rank: 5
WBALX Calmar Ratio Rank: 6
WBALX Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WPVLX vs. WBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Partners Value Fund (WPVLX) and Weitz Balanced Fund (WBALX). 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.

	WPVLX	WBALX	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	0.42	-0.62
Sortino ratio: Return per unit of downside risk	-0.18	0.66	-0.84
Omega ratio: Gain probability vs. loss probability	0.98	1.07	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.19	0.43	-0.62
Martin ratio: Return relative to average drawdown	-0.51	1.26	-1.77

WPVLX vs. WBALX - Sharpe Ratio Comparison

The current WPVLX Sharpe Ratio is -0.20, which is lower than the WBALX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of WPVLX and WBALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WPVLX vs. WBALX - Drawdown Comparison

The maximum WPVLX drawdown since its inception was -59.01%, which is greater than WBALX's maximum drawdown of -43.04%. Use the drawdown chart below to compare losses from any high point for WPVLX and WBALX.

Drawdown Indicators

	WPVLX	WBALX	Difference
Max Drawdown Largest peak-to-trough decline	-59.01%	-43.04%	-15.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.44%	-6.02%	-7.42%
Max Drawdown (3Y) Largest decline over 3 years	-14.73%	-6.82%	-7.91%
Max Drawdown (5Y) Largest decline over 5 years	-28.45%	-14.81%	-13.64%
Max Drawdown (10Y) Largest decline over 10 years	-39.62%	-15.93%	-23.69%
Current Drawdown Current decline from peak	-7.16%	-2.80%	-4.36%
Average Drawdown Average peak-to-trough decline	-7.51%	-4.11%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	2.04%	+3.12%

Volatility

WPVLX vs. WBALX - Volatility Comparison

Weitz Partners Value Fund (WPVLX) has a higher volatility of 4.38% compared to Weitz Balanced Fund (WBALX) at 2.13%. This indicates that WPVLX's price experiences larger fluctuations and is considered to be riskier than WBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WPVLX	WBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	2.13%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	10.19%	4.89%	+5.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	6.17%	+7.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	7.38%	+9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	7.71%	+10.88%

WPVLX vs. WBALX - Expense Ratio Comparison

WPVLX has a 1.09% expense ratio, which is higher than WBALX's 0.85% expense ratio.

Dividends

WPVLX vs. WBALX - Dividend Comparison

WPVLX's dividend yield for the trailing twelve months is around 9.43%, more than WBALX's 6.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WBALX Weitz Balanced Fund	6.66%	4.95%	4.98%	1.11%	1.95%	2.57%	1.08%	1.88%	9.78%	2.72%	3.26%	5.51%
WPVLX Weitz Partners Value Fund	9.43%	9.03%	7.76%	1.80%	7.32%	6.72%	10.93%	7.09%	9.27%	2.32%	0.00%	13.92%

Frequently Asked Questions

Can I hold both WPVLX and WBALX in my portfolio?

WPVLX and WBALX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WPVLX or WBALX?

WPVLX has higher volatility (4.38%) compared to WBALX (2.13%). In terms of maximum drawdown, WPVLX dropped -59.01% vs WBALX's -43.04%.

Which has better risk-adjusted returns?

WBALX currently has the higher Sharpe Ratio (0.42 vs -0.20), 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.