ATESX vs. PWLIX

Last updated Jun 5, 2026

ATESX (Anchor Risk Managed Equity Strategies Fund) and PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) are both Long-Short funds. Over the past 5 years, ATESX returned 6.37%/yr vs 4.29%/yr for PWLIX. At a correlation of -0.03, they often move in opposite directions. ATESX charges 2.10%/yr vs 1.19%/yr for PWLIX.

Performance

ATESX vs. PWLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anchor Risk Managed Equity Strategies Fund (ATESX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATESX achieves a 12.03% return, which is significantly higher than PWLIX's -0.54% return.

ATESX

• 1D: -0.40%
• 1M: 6.89%
• YTD: 12.03%
• 6M: 9.33%
• 1Y: 18.75%
• 3Y*: 9.27%
• 5Y*: 6.37%
• 10Y*: —

PWLIX

• 1D: -0.14%
• 1M: -2.79%
• YTD: -0.54%
• 6M: -1.48%
• 1Y: -0.06%
• 3Y*: 4.62%
• 5Y*: 4.29%
• 10Y*: 4.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATESX vs. PWLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATESX Anchor Risk Managed Equity Strategies Fund	12.03%	5.56%	7.21%	8.12%	-9.25%	11.06%	18.02%	20.31%	3.72%	16.12%
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	-0.54%	4.64%	4.65%	4.04%	4.33%	15.15%	-12.66%	9.60%	0.49%	11.69%

Correlation

The correlation between ATESX and PWLIX is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.29
Correlation (3Y) Calculated over the trailing 3-year period	-0.18
Correlation (5Y) Calculated over the trailing 5-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	-0.03

Over the past year, the inverse relationship between ATESX and PWLIX has strengthened: their correlation has moved from -0.03 to -0.29, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

ATESX vs. PWLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATESX

ATESX Risk / Return Rank: 33
ATESX Sharpe Ratio Rank: 40
ATESX Sortino Ratio Rank: 35
ATESX Omega Ratio Rank: 43
ATESX Calmar Ratio Rank: 33
ATESX Martin Ratio Rank: 15

PWLIX

PWLIX Risk / Return Rank: 3
PWLIX Sharpe Ratio Rank: 3
PWLIX Sortino Ratio Rank: 3
PWLIX Omega Ratio Rank: 3
PWLIX Calmar Ratio Rank: 3
PWLIX Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATESX vs. PWLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anchor Risk Managed Equity Strategies Fund (ATESX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). 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.

	ATESX	PWLIX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	-0.04	+1.87
Sortino ratio: Return per unit of downside risk	2.46	0.01	+2.46
Omega ratio: Gain probability vs. loss probability	1.35	1.00	+0.35
Calmar ratio: Return relative to maximum drawdown	2.13	-0.03	+2.16
Martin ratio: Return relative to average drawdown	4.15	-0.10	+4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATESX vs. PWLIX - Sharpe Ratio Comparison

The current ATESX Sharpe Ratio is 1.83, which is higher than the PWLIX Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of ATESX and PWLIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ATESX	PWLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	-0.04	+1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.48	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.43	+0.44

Drawdowns

ATESX vs. PWLIX - Drawdown Comparison

The maximum ATESX drawdown since its inception was -12.87%, smaller than the maximum PWLIX drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for ATESX and PWLIX.

Drawdown Indicators

	ATESX	PWLIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-26.92%	+14.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-9.43%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-10.73%	-11.74%	+1.01%
Max Drawdown (5Y) Largest decline over 5 years	-12.87%	-11.74%	-1.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.92%	—
Current Drawdown Current decline from peak	-0.40%	-9.18%	+8.78%
Average Drawdown Average peak-to-trough decline	-3.69%	-4.18%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	3.27%	+1.30%

Volatility

ATESX vs. PWLIX - Volatility Comparison

Anchor Risk Managed Equity Strategies Fund (ATESX) has a higher volatility of 3.59% compared to PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) at 2.36%. This indicates that ATESX's price experiences larger fluctuations and is considered to be riskier than PWLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATESX	PWLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	2.36%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	6.81%	6.55%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	8.43%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.42%	8.95%	+1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.97%	9.00%	+1.97%

ATESX vs. PWLIX - Expense Ratio Comparison

ATESX has a 2.10% expense ratio, which is higher than PWLIX's 1.19% expense ratio.

Dividends

ATESX vs. PWLIX - Dividend Comparison

ATESX has not paid dividends to shareholders, while PWLIX's dividend yield for the trailing twelve months is around 6.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATESX Anchor Risk Managed Equity Strategies Fund	0.00%	0.00%	0.00%	1.30%	7.45%	0.00%	0.00%	11.78%	7.70%	6.02%	0.00%	0.00%
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	6.68%	6.65%	4.75%	5.51%	14.75%	11.99%	7.31%	6.79%	0.39%	10.82%	4.16%	3.61%

Frequently Asked Questions

Can I hold both ATESX and PWLIX in my portfolio?

ATESX and PWLIX have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATESX or PWLIX?

ATESX has higher volatility (3.59%) compared to PWLIX (2.36%). In terms of maximum drawdown, ATESX dropped -12.87% vs PWLIX's -26.92%.

Which has better risk-adjusted returns?

ATESX currently has the higher Sharpe Ratio (1.83 vs -0.04), 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.