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Wasatch Long/Short Alpha Fund (WALSX) Sharpe Ratio: -0.40

WALSX's Sharpe Ratio of -0.40 indicates that for each unit of volatility, it generates -0.40 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

WALSX Sharpe Ratio Rank

WALSX Sharpe Ratio Rank: 1.92
Concerning

WALSX ranks above 1.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

WALSX Sharpe Ratio Market Positioning

The chart shows WALSX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.65 or lower
  • Yellow zone (middle 50%): 0.65 to 1.37
  • Green zone (top 25%): 1.37 or higher
  • Top 1%: 3.59+
  • Median: 1.00 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Wasatch Long/Short Alpha Fund's Sharpe Ratio with other mutual funds in the Long-Short category across multiple time periods, showing how WALSX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BDMIXBlackRock Global Long/Short Equity Fund Class I2.57
QLEIXAQR Long-Short Equity Fund2.30
QLENXAQR Long-Short Equity N2.26
VMNIXVanguard Market Neutral Fund Institutional Shares2.20
VMNFXVanguard Market Neutral Fund Investor Shares2.17
BPLEXBoston Partners Long/Short Equity Fund2.01
GTAPXQuantitative U.S. Long/Short Equity Portfolio1.83
CDAZXMulti-Manager Directional Alternative Strategies Fund1.75
SNOIXEasterly Snow Capital Long/Short Opportunity Fund1.49
KCEIXKnights of Columbus Long/Short Equity Fund1.48
WALSXWasatch Long/Short Alpha Fund-0.40

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows WALSX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when WALSX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore WALSX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

WALSX Sortino Ratio