ADOIX vs. WAYEX
ADOIX (ACM Dynamic Opportunity Fund) and WAYEX (Waycross Long/Short Equity Fund) are both Long-Short funds. Over the past 10 years, ADOIX returned 9.10%/yr vs 9.53%/yr for WAYEX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. ADOIX charges 1.72%/yr vs 2.27%/yr for WAYEX.
Performance
ADOIX vs. WAYEX - Performance Comparison
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Returns By Period
In the year-to-date period, ADOIX achieves a 6.22% return, which is significantly higher than WAYEX's -0.56% return. Both investments have delivered pretty close results over the past 10 years, with ADOIX having a 9.10% annualized return and WAYEX not far ahead at 9.53%.
ADOIX
- 1D
- 0.86%
- 1M
- -4.13%
- 6M
- 5.55%
- YTD
- 6.22%
- 1Y
- 11.36%
- 3Y*
- 22.23%
- 5Y*
- 9.69%
- 10Y*
- 9.10%
- ALL TIME*
- 8.65%
WAYEX
- 1D
- 0.56%
- 1M
- -0.50%
- 6M
- -0.83%
- YTD
- -0.56%
- 1Y
- 4.92%
- 3Y*
- 13.23%
- 5Y*
- 8.30%
- 10Y*
- 9.53%
- ALL TIME*
- 8.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ADOIX vs. WAYEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADOIX ACM Dynamic Opportunity Fund | 6.22% | 10.02% | 54.06% | 6.71% | -12.83% | 0.94% | 22.46% | 2.36% | -0.97% | 17.86% |
WAYEX Waycross Long/Short Equity Fund | -0.56% | 13.16% | 22.40% | 18.99% | -11.66% | 11.43% | 22.27% | 21.17% | -8.80% | 13.05% |
Correlation
The correlation between ADOIX and WAYEX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.76 |
The correlation between ADOIX and WAYEX has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
ADOIX vs. WAYEX — Risk / Return Rank
ADOIX
WAYEX
ADOIX vs. WAYEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ACM Dynamic Opportunity Fund (ADOIX) and Waycross Long/Short Equity Fund (WAYEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ADOIX | WAYEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.48 | +0.43 |
| Martin ratioReturn relative to average drawdown | 2.56 | 1.68 | +0.88 |
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Drawdowns
ADOIX vs. WAYEX - Drawdown Comparison
The maximum ADOIX drawdown since its inception was -21.99%, which is greater than WAYEX's maximum drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for ADOIX and WAYEX.
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Drawdown Indicators
| ADOIX | WAYEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.99% | -20.77% | -1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -8.05% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -10.83% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -17.31% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -21.99% | -20.77% | -1.22% |
Current DrawdownCurrent decline from peak | -7.63% | -2.19% | -5.44% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -4.10% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.31% | +1.42% |
Volatility
ADOIX vs. WAYEX - Volatility Comparison
ACM Dynamic Opportunity Fund (ADOIX) has a higher volatility of 6.72% compared to Waycross Long/Short Equity Fund (WAYEX) at 2.90%. This indicates that ADOIX's price experiences larger fluctuations and is considered to be riskier than WAYEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADOIX | WAYEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 2.90% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 6.60% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 8.25% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 10.44% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.20% | 11.61% | +2.59% |
ADOIX vs. WAYEX - Expense Ratio Comparison
ADOIX has a 1.72% expense ratio, which is lower than WAYEX's 2.27% expense ratio.
Dividends
ADOIX vs. WAYEX - Dividend Comparison
ADOIX's dividend yield for the trailing twelve months is around 2.69%, less than WAYEX's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ADOIX ACM Dynamic Opportunity Fund | 2.69% | 2.86% | 44.03% | 1.32% | 6.56% | 2.40% | 4.34% | 0.35% | 1.00% | 0.00% |
WAYEX Waycross Long/Short Equity Fund | 5.32% | 5.29% | 12.41% | 2.86% | 0.00% | 5.33% | 1.17% | 1.05% | 0.00% | 1.01% |
Frequently Asked Questions
ADOIX and WAYEX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADOIX has higher volatility (6.72%) compared to WAYEX (2.90%). In terms of maximum drawdown, ADOIX dropped -21.99% vs WAYEX's -20.77%.
ADOIX currently has the higher Sharpe Ratio (0.60 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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