Virtus Westchester Event-Driven Fund (WCEIX)

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Virtus Westchester Event-Driven Fund (WCEIX) is up 1.3% since the beginning of the year. WCEIX is currently trading at $10 per share. Investors who bought $1,000 worth of WCEIX shares 5 years ago would now be looking at an investment worth $1,126.

Virtus Westchester Event-Driven Fund (WCEIX) has returned 1.26% so far this year and 5.39% over the past 12 months. Over the last ten years, WCEIX has returned 4.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 6, 2014, WCEIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +7.2%, while the worst month was Mar 2020 at -10.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, WCEIX closed higher 46% of trading days. The best single day was Dec 18, 2024 with a return of +3.9%, while the worst single day was Mar 16, 2020 at -8.0%.

Virtus Westchester Event-Driven Fund has an annualized alpha of 0.84%, beta of 0.25, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since January 06, 2014.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.13%) than losses (20.67%) - typical of diversified or defensive assets.
• Beta of 0.25 may look defensive, but with R2 of 0.45 this fund 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 fund's risk.
• R2 of 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

WCEIX has a high expense ratio of 1.63%, indicating above-average management fees.

WCEIX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Virtus Westchester Event-Driven Fund provided a 11.19% dividend yield over the last twelve months, with an annual payout of $1.17 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Virtus Westchester Event-Driven 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 Virtus Westchester Event-Driven 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 Virtus Westchester Event-Driven Fund was 21.65%, occurring on Mar 18, 2020. Recovery took 176 trading sessions.

The current Virtus Westchester Event-Driven Fund drawdown is 0.29%.

The chart below shows the rolling one-month volatility.