ATCSX vs. WAVLX
ATCSX (Anchor Risk Managed Income Strategies Fund) and WAVLX (Wavelength Fund) are both Nontraditional Bonds funds. Over the past 10 years, ATCSX returned 1.14%/yr vs 3.82%/yr for WAVLX. Their 0.33 correlation means their historical movements had little consistent relationship. ATCSX charges 4.58%/yr vs 0.99%/yr for WAVLX.
Performance
ATCSX vs. WAVLX - Performance Comparison
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Returns By Period
In the year-to-date period, ATCSX achieves a -0.58% return, which is significantly lower than WAVLX's 1.96% return. Over the past 10 years, ATCSX has underperformed WAVLX with an annualized return of 1.14%, while WAVLX has yielded a comparatively higher 3.82% annualized return.
ATCSX
- 1D
- 0.24%
- 1M
- -1.72%
- 6M
- -1.57%
- YTD
- -0.58%
- 1Y
- 3.97%
- 3Y*
- 3.09%
- 5Y*
- -0.79%
- 10Y*
- 1.14%
- ALL TIME*
- 1.36%
WAVLX
- 1D
- 0.50%
- 1M
- -0.49%
- 6M
- 0.71%
- YTD
- 1.96%
- 1Y
- 6.43%
- 3Y*
- 6.90%
- 5Y*
- 2.28%
- 10Y*
- 3.82%
- ALL TIME*
- 3.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
WAVLX Wavelength Fund | $0.00 | $0.00 | $0.00 |
ATCSX vs. WAVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATCSX Anchor Risk Managed Income Strategies Fund | -0.58% | 3.71% | 4.25% | -2.23% | -6.60% | -0.21% | 11.02% | 5.14% | -4.18% | 2.14% |
WAVLX Wavelength Fund | 1.96% | 9.86% | 5.21% | 7.02% | -11.34% | 1.72% | 8.29% | 13.07% | -1.46% | 5.59% |
Correlation
The correlation between ATCSX and WAVLX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.33 |
Over the past year, ATCSX and WAVLX have become more correlated (0.68) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
ATCSX vs. WAVLX — Risk / Return Rank
ATCSX
WAVLX
ATCSX vs. WAVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Anchor Risk Managed Income Strategies Fund (ATCSX) and Wavelength Fund (WAVLX). 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.
| ATCSX | WAVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.29 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.22 | -1.64 |
| Martin ratioReturn relative to average drawdown | 1.77 | 8.41 | -6.64 |
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Drawdowns
ATCSX vs. WAVLX - Drawdown Comparison
The maximum ATCSX drawdown since its inception was -53.70%, which is greater than WAVLX's maximum drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for ATCSX and WAVLX.
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Drawdown Indicators
| ATCSX | WAVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -14.39% | -39.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.98% | -3.03% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -53.70% | -5.33% | -48.37% |
Max Drawdown (5Y)Largest decline over 5 years | -53.70% | -14.39% | -39.31% |
Max Drawdown (10Y)Largest decline over 10 years | -53.70% | -14.39% | -39.31% |
Current DrawdownCurrent decline from peak | -48.78% | -1.41% | -47.37% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -2.96% | -7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 0.80% | +0.82% |
Volatility
ATCSX vs. WAVLX - Volatility Comparison
Anchor Risk Managed Income Strategies Fund (ATCSX) has a higher volatility of 2.59% compared to Wavelength Fund (WAVLX) at 1.15%. This indicates that ATCSX's price experiences larger fluctuations and is considered to be riskier than WAVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATCSX | WAVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.15% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 3.48% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 4.36% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.66% | 5.63% | +45.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.96% | 5.31% | +30.65% |
ATCSX vs. WAVLX - Expense Ratio Comparison
ATCSX has a 4.58% expense ratio, which is higher than WAVLX's 0.99% expense ratio.
Dividends
ATCSX vs. WAVLX - Dividend Comparison
ATCSX's dividend yield for the trailing twelve months is around 10.25%, more than WAVLX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATCSX Anchor Risk Managed Income Strategies Fund | 10.25% | 9.26% | 12.69% | 3.16% | 0.00% | 2.48% | 1.46% | 3.04% | 0.27% | 2.76% | 2.91% | 0.00% |
WAVLX Wavelength Fund | 3.55% | 3.67% | 4.41% | 4.83% | 3.63% | 2.83% | 2.21% | 4.96% | 2.65% | 2.09% | 2.13% | 2.18% |
Frequently Asked Questions
ATCSX and WAVLX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATCSX has higher volatility (2.59%) compared to WAVLX (1.15%). In terms of maximum drawdown, ATCSX dropped -53.70% vs WAVLX's -14.39%.
WAVLX currently has the higher Sharpe Ratio (1.54 vs 0.38), 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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