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Virtus Westchester Event-Driven Fund (WCEIX) Sharpe Ratio: 1.31

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund adviser primarily employs investment strategies designed to capture price movements generated by specific events, including, but not limited to, equity and/or debt securities of companies involved in mergers, acquisitions, asset sales or other divestitures, restructurings, refinancings, recapitalizations, reorganizations or other special situations (referred to as "event-driven opportunities").

WCEIX's Sharpe Ratio of 1.31 indicates that for each unit of volatility, it generates 1.31 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

WCEIX Sharpe Ratio Rank

WCEIX Sharpe Ratio Rank: 35.535
Below Average

WCEIX ranks above 35.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

WCEIX Sharpe Ratio Market Positioning

The chart shows WCEIX'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%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.94
  • Green zone (top 25%): 1.94 or higher
  • Top 1%: 3.86+
  • Median: 1.58 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Virtus Westchester Event-Driven Fund's Sharpe Ratio with other mutual funds in the Event Driven category across multiple time periods, showing how WCEIX'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 Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VARBXVivaldi Merger Arbitrage Fund Class I4.80
HMEZXNexPoint Merger Arbitrage Fund4.22
ARBNXThe Arbitrage Fund Class Institutional3.12
MERIXThe Merger Fund Class I3.06
ARBFXThe Arbitrage Fund3.03
MERFXThe Merger Fund2.80
AEDNXWater Island Event-Driven Fund2.80
DAMDXDunham Monthly Distribution Fund2.76
EMAYXGabelli Enterprise Mergers and Acquisitions Fund1.85
BILPXBlackRock Event Driven Equity Fund1.84
WCEIXVirtus Westchester Event-Driven Fund1.31

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows WCEIX'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 WCEIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does WCEIX fit in your portfolio?

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