Waycross Long/Short Equity Fund (WAYEX)

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The chart shows the growth of an initial investment of $10,000 in Waycross Long/Short Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Waycross Long/Short Equity Fund (WAYEX) has returned -7.02% so far this year and 8.66% over the past 12 months. Over the last ten years, WAYEX has returned 9.10% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since May 11, 2015, WAYEX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +8.5%, while the worst month was Oct 2018 at -9.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, WAYEX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.9%, while the worst single day was Mar 16, 2020 at -7.7%.

Waycross Long/Short Equity Fund has an annualized alpha of 1.28%, beta of 0.57, and R² of 0.81 versus S&P 500 Index. Calculated based on daily prices since May 12, 2015.

• This fund participated in 64.19% of S&P 500 Index downside but only 59.43% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.57 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

WAYEX has a high expense ratio of 2.27%, indicating above-average management fees.

WAYEX ranks 40 for risk / return — below 40% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Waycross Long/Short Equity Fund (WAYEX) and compare them to a chosen benchmark (S&P 500 Index).

Waycross Long/Short Equity Fund provided a 5.69% dividend yield over the last twelve months, with an annual payout of $0.95 per share.

The table displays the monthly dividend distributions for Waycross Long/Short Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Waycross Long/Short Equity 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 Waycross Long/Short Equity Fund was 20.77%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.

The current Waycross Long/Short Equity Fund drawdown is 8.05%.

The chart below shows the rolling one-month volatility.