- ISIN
- US9718977724
- CUSIP
- 971897772
- Issuer
- Wilshire Mutual Funds
- Inception Date
- Mar 29, 2016
- Category
- Multisector Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
WIORX Performance Chart
Wilshire Income Opportunities Fund (WIORX) is up 0.4% since the beginning of the year. WIORX is currently trading at $9 per share. Investors who bought $1,000 worth of WIORX shares 5 years ago would now be looking at an investment worth $1,049.
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Returns By Period
Wilshire Income Opportunities Fund (WIORX) has returned 0.43% so far this year and 4.22% over the past 12 months.
Wilshire Income Opportunities Fund
- 1D
- 0.11%
- 1M
- 0.67%
- YTD
- 0.43%
- 6M
- 0.64%
- 1Y
- 4.22%
- 3Y*
- 5.15%
- 5Y*
- 0.96%
- 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%
WIORX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, WIORX's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +4.1%, while the worst month was Mar 2020 at -9.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, WIORX closed higher 40% of trading days. The best single day was Nov 30, 2022 with a return of +2.7%, while the worst single day was Mar 18, 2020 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.33% | 1.21% | -2.08% | 0.78% | 0.33% | -0.11% | 0.43% | ||||||
| 2025 | 0.79% | 1.45% | -0.22% | 0.56% | 0.11% | 1.62% | -0.11% | 1.33% | 0.69% | 0.11% | 0.55% | 0.10% | 7.18% |
| 2024 | -0.00% | -0.45% | 0.73% | -1.91% | 1.49% | 0.78% | 2.04% | 1.56% | 1.35% | -1.97% | 0.78% | -0.86% | 3.49% |
| 2023 | 2.77% | -2.13% | 1.67% | 0.57% | -0.91% | -0.02% | 0.69% | -0.69% | -1.81% | -1.30% | 4.07% | 3.49% | 6.35% |
| 2022 | -1.69% | -1.21% | -1.69% | -2.82% | -0.21% | -3.05% | 2.35% | -1.42% | -4.00% | -0.23% | 2.68% | -0.29% | -11.18% |
| 2021 | 0.19% | -0.19% | -0.46% | 0.78% | 0.48% | 0.06% | 0.29% | 0.29% | -0.60% | -0.29% | -0.78% | 0.66% | 0.40% |
Benchmark Metrics
Wilshire Income Opportunities Fund has an annualized alpha of 1.77%, beta of 0.05, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 27.09% of S&P 500 Index downside but only 17.66% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.06 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 0.06 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
- 1.77%
- Beta
- 0.05
- R²
- 0.06
- Upside Capture
- 17.66%
- Downside Capture
- 27.09%
Expense Ratio
WIORX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WIORX ranks 28 for risk / return — below 28% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Wilshire Income Opportunities Fund (WIORX) 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.
| WIORX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.78 | -1.18 |
| Martin ratioReturn relative to average drawdown | 5.14 | 12.44 | -7.30 |
Dividends
Dividend History
Wilshire Income Opportunities Fund provided a 4.38% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.41 | $0.39 | $0.25 | $0.29 | $0.35 | $0.39 | $0.39 | $0.30 | $0.46 |
Dividend yield | 4.38% | 4.48% | 4.38% | 2.79% | 3.40% | 3.49% | 3.79% | 3.75% | 3.06% | 4.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Wilshire Income Opportunities 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 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.39 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.35 |
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 Wilshire Income Opportunities 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 Wilshire Income Opportunities Fund was 15.02%, occurring on Oct 20, 2022. Recovery took 668 trading sessions.
The current Wilshire Income Opportunities Fund drawdown is 1.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.02%Oct 2022 | 1y 1mo | 2y 8mo | 3y 9moSep 2021 - Jun 2025 |
COVID crash2020 | -13.06%Mar 2020 | 19d | 7mo 27d | 8mo 16dMar 2020 - Nov 2020 |
2026 pullback2026 | -2.71%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
Rate-hike selloffLate 2018 | -1.84%Dec 2018 | 3mo 25d | 21d | 4mo 16dAug 2018 - Jan 2019 |
2021 pullback2021 | -1.34%Mar 2021 | 24d | 2mo 20d | 3mo 14dFeb 2021 - May 2021 |
Drawdown Indicators
| WIORX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.02% | -56.78% | +41.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -9.10% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -18.90% | +14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -25.43% | +10.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.09% | -1.80% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -10.71% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.03% | -1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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