Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | Long-Short | 100% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
Loading graphics...
The earliest data available for this chart is Dec 8, 2014, corresponding to the inception date of PWLIX
Returns By Period
As of Apr 2, 2026, the RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY returned 8.15% Year-To-Date and 5.70% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY | -1.12% | -0.13% | 8.15% | 8.74% | 5.44% | 7.63% | 6.96% | 5.70% |
| Portfolio components: | ||||||||
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | -1.12% | -0.13% | 8.15% | 8.74% | 5.44% | 7.63% | 6.96% | 5.70% |
Monthly Returns
Based on dividend-adjusted daily data since Dec 9, 2014, RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, your investment would double in approximately 13.5 years.
Historically, 61% of months were positive and 39% were negative. The best month was Mar 2021 with a return of +6.6%, while the worst month was Mar 2020 at -11.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY closed higher 48% of trading days. The best single day was Mar 24, 2020 with a return of +3.2%, while the worst single day was Dec 26, 2024 at -7.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.99% | 5.80% | 0.37% | -1.12% | 8.15% | ||||||||
| 2025 | 2.53% | 3.64% | 1.38% | -1.86% | -1.26% | -0.79% | -0.27% | 3.61% | -1.70% | -2.30% | 3.32% | -1.47% | 4.64% |
| 2024 | 4.14% | 0.38% | 2.68% | -2.24% | 1.27% | -0.41% | 5.66% | 2.07% | 0.49% | -1.09% | 2.71% | -10.18% | 4.65% |
| 2023 | -0.79% | -0.66% | 0.27% | 3.86% | -4.10% | 2.18% | 0.26% | 0.65% | 0.52% | -0.52% | 1.17% | 1.33% | 4.04% |
| 2022 | 1.79% | -1.41% | 1.31% | 2.20% | 0.60% | -2.92% | -0.38% | -1.51% | -3.51% | 5.80% | 1.91% | 0.72% | 4.33% |
| 2021 | -0.73% | 0.37% | 6.61% | 0.70% | 2.33% | -0.09% | 0.92% | 1.37% | -0.31% | -0.47% | -1.89% | 5.73% | 15.15% |
Benchmark Metrics
RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY has an annualized alpha of 2.93%, beta of 0.19, and R² of 0.14 versus S&P 500 Index. Calculated based on daily prices since December 09, 2014.
- This portfolio participated in 44.10% of S&P 500 Index downside but only 36.97% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.19 may look defensive, but with R² of 0.14 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.14 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.93%
- Beta
- 0.19
- R²
- 0.14
- Upside Capture
- 36.97%
- Downside Capture
- 44.10%
Expense Ratio
RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY has a high expense ratio of 1.19%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY ranks 14 for risk / return — in the bottom 14% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 0.88 | -0.32 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.37 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.39 | -0.40 |
Martin ratioReturn relative to average drawdown | 1.88 | 6.43 | -4.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 15 | 0.56 | 0.83 | 1.11 | 0.98 | 1.88 |
Loading graphics...
Dividends
Dividend yield
RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY provided a 6.14% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 6.14% | 6.65% | 4.75% | 5.51% | 14.75% | 11.99% | 7.31% | 6.79% | 0.39% | 10.82% | 4.16% | 3.61% |
| Portfolio components: | ||||||||||||
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 6.14% | 6.65% | 4.75% | 5.51% | 14.75% | 11.99% | 7.31% | 6.79% | 0.39% | 10.82% | 4.16% | 3.61% |
Monthly Dividends
The table below shows the monthly dividends paid by this portfolio.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.49 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.45 | $1.12 |
| 2021 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.38 | $1.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY was 26.92%, occurring on Mar 23, 2020. Recovery took 451 trading sessions.
The current RAFI - PWLIX - RESEARCH ASSOC. LONG/SHORT EQUITY - ONLY drawdown is 0.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.92% | Jan 27, 2020 | 40 | Mar 23, 2020 | 451 | Jan 4, 2022 | 491 |
| -14.11% | Apr 29, 2015 | 184 | Jan 20, 2016 | 113 | Jun 30, 2016 | 297 |
| -11.74% | Oct 18, 2024 | 57 | Jan 10, 2025 | 267 | Feb 5, 2026 | 324 |
| -9.86% | Jun 10, 2022 | 78 | Sep 30, 2022 | 141 | Apr 25, 2023 | 219 |
| -7.35% | Jan 29, 2018 | 39 | Mar 23, 2018 | 88 | Jul 30, 2018 | 127 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 1 assets, with an effective number of assets of 1.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | PWLIX | Portfolio | |
|---|---|---|---|
| Benchmark | 1.00 | 0.25 | 0.25 |
| PWLIX | 0.25 | 1.00 | 1.00 |
| Portfolio | 0.25 | 1.00 | 1.00 |