ATESX vs. WFSPX

Last updated Jun 5, 2026

ATESX (Anchor Risk Managed Equity Strategies Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - ATESX is a Long-Short fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, ATESX returned 6.37%/yr vs 13.88%/yr for WFSPX. A 0.62 correlation means they provide meaningful diversification when combined. ATESX charges 2.10%/yr vs 0.03%/yr for WFSPX.

Performance

ATESX vs. WFSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anchor Risk Managed Equity Strategies Fund (ATESX) and iShares S&P 500 Index Fund (WFSPX). 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 WFSPX's 10.87% return.

ATESX

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

WFSPX

• 1D: -0.74%
• 1M: 4.17%
• YTD: 10.87%
• 6M: 10.77%
• 1Y: 27.97%
• 3Y*: 22.41%
• 5Y*: 13.88%
• 10Y*: 15.46%

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

ATESX vs. WFSPX - 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%
WFSPX iShares S&P 500 Index Fund	10.87%	17.83%	24.94%	26.25%	-18.14%	28.63%	18.43%	31.45%	-4.83%	20.24%

Correlation

The correlation between ATESX and WFSPX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.62

The correlation between ATESX and WFSPX shifts across timeframes, from 0.58 (5 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ATESX vs. WFSPX — 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

WFSPX

WFSPX Risk / Return Rank: 66
WFSPX Sharpe Ratio Rank: 64
WFSPX Sortino Ratio Rank: 59
WFSPX Omega Ratio Rank: 60
WFSPX Calmar Ratio Rank: 67
WFSPX Martin Ratio Rank: 79

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. WFSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anchor Risk Managed Equity Strategies Fund (ATESX) and iShares S&P 500 Index Fund (WFSPX). 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	WFSPX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.37	-0.54
Sortino ratio: Return per unit of downside risk	2.46	3.24	-0.77
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	2.13	3.16	-1.03
Martin ratio: Return relative to average drawdown	4.15	14.75	-10.60
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. WFSPX - Sharpe Ratio Comparison

The current ATESX Sharpe Ratio is 1.83, which is comparable to the WFSPX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of ATESX and WFSPX, 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	WFSPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.37	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.83	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.13	+0.74

Drawdowns

ATESX vs. WFSPX - Drawdown Comparison

The maximum ATESX drawdown since its inception was -12.87%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for ATESX and WFSPX.

Drawdown Indicators

	ATESX	WFSPX	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-58.21%	+45.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-8.90%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-10.73%	-18.74%	+8.01%
Max Drawdown (5Y) Largest decline over 5 years	-12.87%	-24.51%	+11.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.74%	—
Current Drawdown Current decline from peak	-0.40%	-0.74%	+0.34%
Average Drawdown Average peak-to-trough decline	-3.69%	-12.77%	+9.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	1.90%	+2.67%

Volatility

ATESX vs. WFSPX - Volatility Comparison

Anchor Risk Managed Equity Strategies Fund (ATESX) has a higher volatility of 3.59% compared to iShares S&P 500 Index Fund (WFSPX) at 2.92%. This indicates that ATESX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATESX	WFSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	2.92%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	6.81%	8.99%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	11.88%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.42%	16.88%	-6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.97%	18.02%	-7.05%

ATESX vs. WFSPX - Expense Ratio Comparison

ATESX has a 2.10% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

Dividends

ATESX vs. WFSPX - Dividend Comparison

ATESX has not paid dividends to shareholders, while WFSPX's dividend yield for the trailing twelve months is around 1.58%.

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%
WFSPX iShares S&P 500 Index Fund	1.58%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Frequently Asked Questions

Can I hold both ATESX and WFSPX in my portfolio?

ATESX and WFSPX have a correlation of 0.79, 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 WFSPX?

ATESX has higher volatility (3.59%) compared to WFSPX (2.92%). In terms of maximum drawdown, ATESX dropped -12.87% vs WFSPX's -58.21%.

Which has better risk-adjusted returns?

WFSPX currently has the higher Sharpe Ratio (2.37 vs 1.83), 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.