ADOIX vs. WRAIX
ADOIX (ACM Dynamic Opportunity Fund) and WRAIX (Wilmington Global Alpha Equities Fund) are both Long-Short funds. Over the past 10 years, ADOIX returned 10.08%/yr vs 5.38%/yr for WRAIX. A 0.65 correlation means they provide meaningful diversification when combined. ADOIX charges 1.72%/yr vs 1.24%/yr for WRAIX.
Performance
ADOIX vs. WRAIX - Performance Comparison
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Returns By Period
In the year-to-date period, ADOIX achieves a 14.35% return, which is significantly higher than WRAIX's 3.06% return. Over the past 10 years, ADOIX has outperformed WRAIX with an annualized return of 10.08%, while WRAIX has yielded a comparatively lower 5.38% annualized return.
ADOIX
- 1D
- 1.65%
- 1M
- 3.61%
- YTD
- 14.35%
- 6M
- 13.54%
- 1Y
- 25.60%
- 3Y*
- 26.86%
- 5Y*
- 11.75%
- 10Y*
- 10.08%
WRAIX
- 1D
- 0.27%
- 1M
- -0.27%
- YTD
- 3.06%
- 6M
- 2.99%
- 1Y
- 7.66%
- 3Y*
- 8.10%
- 5Y*
- 5.44%
- 10Y*
- 5.38%
ADOIX vs. WRAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADOIX ACM Dynamic Opportunity Fund | 14.35% | 10.02% | 54.06% | 6.71% | -12.83% | 0.94% | 22.46% | 2.36% | -0.97% | 17.86% |
WRAIX Wilmington Global Alpha Equities Fund | 3.06% | 9.13% | 7.74% | 7.73% | -3.41% | 6.52% | 1.04% | 12.34% | -2.67% | 9.75% |
Correlation
The correlation between ADOIX and WRAIX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.65 |
The correlation between ADOIX and WRAIX has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
ADOIX vs. WRAIX — Risk / Return Rank
ADOIX
WRAIX
ADOIX vs. WRAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ACM Dynamic Opportunity Fund (ADOIX) and Wilmington Global Alpha Equities Fund (WRAIX). 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 | WRAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.48 | +1.27 |
| Martin ratioReturn relative to average drawdown | 7.42 | 6.19 | +1.23 |
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Drawdowns
ADOIX vs. WRAIX - Drawdown Comparison
The maximum ADOIX drawdown since its inception was -21.99%, which is greater than WRAIX's maximum drawdown of -15.44%. Use the drawdown chart below to compare losses from any high point for ADOIX and WRAIX.
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Drawdown Indicators
| ADOIX | WRAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.99% | -15.44% | -6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -5.03% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -5.03% | -9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -9.24% | -12.37% |
Max Drawdown (10Y)Largest decline over 10 years | -21.99% | -15.44% | -6.55% |
Current DrawdownCurrent decline from peak | 0.00% | -0.67% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -1.97% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 1.20% | +2.18% |
Volatility
ADOIX vs. WRAIX - Volatility Comparison
ACM Dynamic Opportunity Fund (ADOIX) has a higher volatility of 5.94% compared to Wilmington Global Alpha Equities Fund (WRAIX) at 2.08%. This indicates that ADOIX's price experiences larger fluctuations and is considered to be riskier than WRAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADOIX | WRAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 2.08% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 5.06% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 6.16% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 6.52% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 6.75% | +7.24% |
ADOIX vs. WRAIX - Expense Ratio Comparison
ADOIX has a 1.72% expense ratio, which is higher than WRAIX's 1.24% expense ratio.
Dividends
ADOIX vs. WRAIX - Dividend Comparison
ADOIX's dividend yield for the trailing twelve months is around 2.50%, more than WRAIX's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADOIX ACM Dynamic Opportunity Fund | 2.50% | 2.86% | 44.03% | 1.32% | 6.56% | 2.40% | 4.34% | 0.35% | 1.00% | 0.00% | 0.00% | 0.00% |
WRAIX Wilmington Global Alpha Equities Fund | 0.17% | 0.17% | 1.47% | 1.31% | 2.77% | 0.52% | 1.98% | 1.15% | 1.25% | 1.15% | 0.30% | 2.38% |
Frequently Asked Questions
ADOIX and WRAIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADOIX has higher volatility (5.94%) compared to WRAIX (2.08%). In terms of maximum drawdown, ADOIX dropped -21.99% vs WRAIX's -15.44%.
ADOIX currently has the higher Sharpe Ratio (1.81 vs 1.21), 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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