- 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 13.6% since the beginning of the year. WALSX is currently trading at $14 per share.
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Returns By Period
Wasatch Long/Short Alpha Fund (WALSX) has returned 13.61% so far this year and 7.64% over the past 12 months.
Wasatch Long/Short Alpha Fund
- 1D
- -1.62%
- 1M
- 0.94%
- 6M
- 10.20%
- YTD
- 13.61%
- 1Y
- 7.64%
- 3Y*
- 7.38%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.14%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
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 +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 47% of months were positive and 53% 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% | 8.21% | 0.72% | 13.61% | |||||
| 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 -0.87%, beta of 0.71, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since October 01, 2021.
- This fund participated in 68.41% of S&P 500 Index downside but only 56.88% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.87%
- Beta
- 0.71
- R²
- 0.56
- Upside Capture
- 56.88%
- Downside Capture
- 68.41%
Expense Ratio
WALSX has a high expense ratio of 1.75%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WALSX ranks 10 for risk / return — above 10% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return 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 | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 2.00 | -1.37 |
| Martin ratioReturn relative to average drawdown | 1.29 | 8.49 | -7.20 |
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 | $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 12.77%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.28%Oct 2025 | 11mo 2d | — | 1y 8moNov 2024 - now | — |
-21.33%Jun 2022 | 5mo 18d | 1y 1mo | 1y 7moDec 2021 - Aug 2023 | Bear market2022 |
-9.42%Oct 2023 | 1mo 22d | 1mo 5d | 2mo 27dSep 2023 - Dec 2023 | — |
-5.05%Dec 2021 | 28d | 9d | 1mo 7dNov 2021 - Dec 2021 | — |
-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 | -10.76% | -9.10% | -1.66% |
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 | -12.77% | -1.58% | -11.19% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -10.70% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 2.14% | +3.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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