- Issuer
- Wasatch
- Inception Date
- Sep 30, 2021
- Category
- Long-Short
- Min. Investment
- $2,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
WALSX Performance Chart
Wasatch Long/Short Alpha Fund (WALSX) is up 5.7% since the beginning of the year. WALSX is currently trading at $13 per share.
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Returns By Period
Wasatch Long/Short Alpha Fund (WALSX) has returned 5.70% so far this year and -3.21% over the past 12 months.
Wasatch Long/Short Alpha Fund
- 1D
- -0.15%
- 1M
- 1.17%
- YTD
- 5.70%
- 6M
- 3.93%
- 1Y
- -3.21%
- 3Y*
- 5.68%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
WALSX Monthly Returns History
Based on dividend-adjusted daily data since Oct 1, 2021, WALSX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 46% of months were positive and 54% were negative. The best month was Dec 2023 with a return of +10.4%, while the worst month was Jan 2022 at -8.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 6 months.
On a daily basis, WALSX closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +6.2%, while the worst single day was Apr 3, 2025 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.10% | 7.59% | -6.10% | 1.56% | -1.46% | 1.41% | 5.70% | ||||||
| 2025 | 3.98% | -4.24% | -4.00% | -1.12% | -0.00% | 1.58% | -4.29% | -0.23% | -2.87% | -2.23% | 3.84% | -3.54% | -12.79% |
| 2024 | -0.15% | 10.31% | 0.48% | -4.89% | 2.61% | -0.49% | 6.52% | 1.26% | 0.85% | -1.83% | 1.66% | -8.10% | 7.24% |
| 2023 | 5.36% | -0.92% | -0.00% | -0.47% | -1.22% | 4.93% | 1.81% | 5.06% | -2.79% | -4.96% | 8.69% | 10.44% | 27.75% |
| 2022 | -8.29% | -1.75% | -0.69% | -3.39% | -1.13% | -5.01% | 9.33% | -3.92% | -5.85% | 9.77% | 6.88% | -2.75% | -8.38% |
| 2021 | 6.40% | 1.69% | 3.70% | 12.20% |
Benchmark Metrics
Wasatch Long/Short Alpha Fund has an annualized alpha of -2.67%, beta of 0.72, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since October 01, 2021.
- This fund participated in 77.17% of S&P 500 Index downside but only 56.88% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.67% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.67%
- Beta
- 0.72
- R²
- 0.58
- Upside Capture
- 56.88%
- Downside Capture
- 77.17%
Expense Ratio
WALSX has a high expense ratio of 1.75%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WALSX ranks 2 for risk / return — in the bottom 2% of mutual funds 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
The table below present risk-adjusted performance metrics for Wasatch Long/Short Alpha Fund (WALSX) and compare them to S&P 500 Index.
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.
| WALSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.78 | -3.07 |
| Martin ratioReturn relative to average drawdown | -0.55 | 12.44 | -12.99 |
Dividends
Dividend History
Wasatch Long/Short Alpha Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Wasatch Long/Short Alpha Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.01 | $0.01 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Wasatch Long/Short Alpha Fund. 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 Wasatch Long/Short Alpha Fund was 25.28%, occurring on Oct 10, 2025. The portfolio has not yet recovered.
The current Wasatch Long/Short Alpha Fund drawdown is 18.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 bear market2025 | -25.28%Oct 2025 | 11mo 2d | — | 1y 7moNov 2024 - now |
Bear market2022 | -21.33%Jun 2022 | 5mo 18d | 1y 1mo | 1y 7moDec 2021 - Aug 2023 |
2023 pullback2023 | -9.42%Oct 2023 | 1mo 22d | 1mo 5d | 2mo 27dSep 2023 - Dec 2023 |
2021 pullback2021 | -5.05%Dec 2021 | 28d | 9d | 1mo 7dNov 2021 - Dec 2021 |
2024 pullback2024 | -4.96%Apr 2024 | 1mo 3d | 2mo 16d | 3mo 19dMar 2024 - Jul 2024 |
Drawdown Indicators
| WALSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -56.78% | +31.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -9.10% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -25.28% | -18.90% | -6.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -18.84% | -1.80% | -17.04% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -10.71% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 2.03% | +4.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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