- ISIN
- US95737C6084
- CUSIP
- 95737C103
- Issuer
- Virtus
- Inception Date
- Jan 1, 2014
- Category
- Event Driven
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
WCEIX Performance Chart
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 $1,170.
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Returns By Period
Virtus Westchester Event-Driven Fund (WCEIX) has returned 1.26% so far this year and 3.23% over the past 12 months. Over the last ten years, WCEIX has returned 4.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Virtus Westchester Event-Driven Fund
- 1D
- 0.00%
- 1M
- -0.29%
- 6M
- 0.97%
- YTD
- 1.26%
- 1Y
- 3.23%
- 3Y*
- 5.82%
- 5Y*
- 3.19%
- 10Y*
- 4.62%
- ALL TIME*
- 3.88%
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%
WCEIX Monthly Returns History
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.29% | 0.48% | -0.48% | 0.58% | 0.48% | 0.19% | -0.29% | 1.26% | |||||
| 2025 | 0.94% | 1.68% | -0.55% | -0.28% | 1.76% | 0.82% | 1.35% | 0.36% | 0.53% | 0.71% | -0.26% | 0.60% | 7.90% |
| 2024 | -0.09% | 0.00% | 0.84% | -1.49% | 0.57% | 0.47% | 1.59% | 0.28% | 0.09% | -0.37% | 1.19% | 0.15% | 3.24% |
| 2023 | 1.35% | 0.10% | -0.48% | 0.67% | -2.57% | 1.17% | 0.58% | 1.25% | 0.76% | -0.94% | 2.37% | 1.54% | 5.86% |
| 2022 | -0.09% | -0.09% | 0.00% | -1.13% | -1.14% | -3.27% | 2.48% | -0.19% | -1.65% | 2.37% | 0.00% | 0.02% | -2.79% |
| 2021 | 1.41% | 2.60% | -1.52% | 2.15% | 0.50% | -1.09% | -2.96% | 0.26% | 0.35% | 0.35% | -0.69% | 0.52% | 1.76% |
Benchmark Metrics
Virtus Westchester Event-Driven Fund has an annualized alpha of 0.86%, 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 (20.53%) - 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.
- Alpha
- 0.86%
- Beta
- 0.25
- R²
- 0.45
- Upside Capture
- 21.13%
- Downside Capture
- 20.53%
Expense Ratio
WCEIX has a high expense ratio of 1.63%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WCEIX ranks 44 for risk / return — above 44% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Virtus Westchester Event-Driven Fund (WCEIX) 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.
| WCEIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.00 | +0.41 |
| Martin ratioReturn relative to average drawdown | 7.77 | 8.49 | -0.72 |
Dividends
Dividend History
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.17 | $1.17 | $0.41 | $0.27 | $0.02 | $0.90 | $0.36 | $0.26 | $0.56 | $0.10 | $0.08 | $0.31 |
Dividend yield | 11.19% | 11.33% | 3.88% | 2.49% | 0.21% | 8.42% | 3.18% | 2.34% | 5.56% | 1.01% | 0.87% | 3.21% |
Monthly Dividends
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.
| 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 | $1.17 | $1.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
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 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 0.38%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.65%Mar 2020 | 27d | 8mo 12d | 9mo 9dFeb 2020 - Nov 2020 | COVID crash2020 |
-12.38%Jun 2022 | 1y 3mo | 2y 3mo | 3y 7moFeb 2021 - Oct 2024 | Bear market2022 |
-8.28%Jan 2016 | 7mo 26d | 1y 1mo | 1y 9moMay 2015 - Mar 2017 | — |
-6.53%Oct 2014 | 1mo 7d | 4mo 1d | 5mo 8dSep 2014 - Feb 2015 | — |
-4.21%Dec 2024 | 1d | 5mo | 5mo 1dDec 2024 - May 2025 | — |
Drawdown Indicators
| WCEIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.65% | -56.78% | +35.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -9.10% | +7.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -18.90% | +14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -7.95% | -25.43% | +17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -21.65% | -33.92% | +12.27% |
Current DrawdownCurrent decline from peak | -0.38% | -1.58% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -10.70% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.14% | -1.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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