- ISIN
- US95737C7074
- CUSIP
- 95737C707
- Issuer
- Virtus
- Inception Date
- Dec 28, 2017
- Category
- Event Driven
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
WCFRX Performance Chart
Virtus Westchester Credit Event Fund (WCFRX) is up 1.2% since the beginning of the year. WCFRX is currently trading at $11 per share. Investors who bought $1,000 worth of WCFRX shares 5 years ago would now be looking at an investment worth $1,169.
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Returns By Period
Virtus Westchester Credit Event Fund (WCFRX) has returned 1.18% so far this year and 3.15% over the past 12 months.
Virtus Westchester Credit Event Fund
- 1D
- 0.07%
- 1M
- 0.61%
- YTD
- 1.18%
- 6M
- 1.27%
- 1Y
- 3.15%
- 3Y*
- 5.62%
- 5Y*
- 3.17%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
WCFRX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2018, WCFRX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +11.4%, while the worst month was Mar 2020 at -14.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, WCFRX closed higher 43% of trading days. The best single day was Dec 18, 2024 with a return of +5.3%, while the worst single day was Mar 18, 2020 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.18% | -0.21% | -0.65% | 1.02% | 0.59% | 0.24% | 1.18% | ||||||
| 2025 | 0.97% | 0.44% | -0.43% | -0.44% | 1.49% | 0.78% | 0.43% | 0.43% | 0.68% | 0.42% | -0.84% | 0.40% | 4.37% |
| 2024 | 0.54% | 0.53% | 0.71% | -0.09% | 0.70% | 0.87% | 0.78% | 0.69% | 0.43% | 0.51% | 0.84% | 0.13% | 6.83% |
| 2023 | 2.25% | 0.37% | 0.36% | 0.73% | 0.00% | 1.08% | 1.16% | 0.09% | 0.09% | -0.26% | 1.68% | 1.36% | 9.23% |
| 2022 | -0.62% | -0.89% | -0.18% | -1.35% | -1.55% | -4.17% | 2.42% | -0.09% | -0.94% | 1.43% | 0.75% | -0.07% | -5.28% |
| 2021 | 3.41% | 6.19% | -4.09% | 1.11% | -0.16% | 0.55% | -0.31% | -0.39% | 0.55% | 0.47% | 0.31% | -0.46% | 7.08% |
Benchmark Metrics
Virtus Westchester Credit Event Fund has an annualized alpha of 3.57%, beta of 0.15, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since January 02, 2018.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.76%) than losses (18.46%) - typical of diversified or defensive assets.
- Beta of 0.15 may look defensive, but with R2 of 0.20 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 0.20 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.57%
- Beta
- 0.15
- R²
- 0.20
- Upside Capture
- 22.76%
- Downside Capture
- 18.46%
Expense Ratio
WCFRX has a high expense ratio of 1.90%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WCFRX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus Westchester Credit Event Fund (WCFRX) 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.
| WCFRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.78 | -0.27 |
| Martin ratioReturn relative to average drawdown | 6.39 | 12.44 | -6.05 |
Dividends
Dividend History
Virtus Westchester Credit Event Fund provided a 7.46% dividend yield over the last twelve months, with an annual payout of $0.83 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.65 | $0.61 | $0.47 | $0.02 | $1.56 | $0.11 | $0.31 | $0.14 |
Dividend yield | 7.46% | 5.82% | 5.33% | 4.15% | 0.21% | 13.79% | 0.90% | 2.99% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Westchester Credit Event 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 | $0.03 | $0.04 | $0.04 | $0.02 | $0.03 | $0.03 | $0.18 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 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 | $1.56 | $1.56 |
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 Credit Event 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 Credit Event Fund was 23.56%, occurring on Mar 23, 2020. Recovery took 121 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -23.56%Mar 2020 | 1mo 1d | 5mo 25d | 6mo 26dFeb 2020 - Sep 2020 |
Bear market2022 | -15.00%Jul 2022 | 1y 4mo | 2y 16d | 3y 4moFeb 2021 - Jul 2024 |
2025 selloff2025 | -6.09%Apr 2025 | 3mo 19d | 1y 1mo | 1y 5moDec 2024 - Jun 2026 |
Rate-hike selloffLate 2018 | -4.57%Dec 2018 | 6mo 12d | 1mo 26d | 8mo 8dJun 2018 - Feb 2019 |
2021 pullback2021 | -3.75%Jan 2021 | 1d | 8d | 9dJan 2021 - Feb 2021 |
Drawdown Indicators
| WCFRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -56.78% | +33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -9.10% | +7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -18.90% | +12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -25.43% | +15.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -10.71% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.03% | -1.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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