EQCHX vs. WIP

Last updated Jun 4, 2026

EQCHX (AXS Chesapeake Strategy Fund Class I) and WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) are both funds - EQCHX is a Systematic Trend fund managed by AXS, while WIP is a Inflation-Protected Bonds fund tracking the FTSE International Inflation-Linked Securities Select (USD). At a correlation of -0.03, they often move in opposite directions. EQCHX charges 1.91%/yr vs 0.50%/yr for WIP.

Performance

EQCHX vs. WIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXS Chesapeake Strategy Fund Class I (EQCHX) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EQCHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WIP

• 1D: -0.72%
• 1M: 0.70%
• YTD: 4.31%
• 6M: 4.96%
• 1Y: 10.26%
• 3Y*: 5.08%
• 5Y*: -0.70%
• 10Y*: 1.61%

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

EQCHX vs. WIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQCHX AXS Chesapeake Strategy Fund Class I	0.83%	-8.09%	-3.79%	-8.07%	20.13%	12.28%	6.96%	-2.56%	-12.91%	15.11%
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	4.31%	15.18%	-8.71%	8.84%	-15.54%	-4.15%	8.37%	8.62%	-5.97%	12.73%

Correlation

The correlation between EQCHX and WIP is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	-0.10
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Sep 11, 2012	-0.03

The correlation between EQCHX and WIP shifts across timeframes, from -0.10 (5 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EQCHX vs. WIP — Risk / Return Rank

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

WIP

WIP Risk / Return Rank: 34
WIP Sharpe Ratio Rank: 32
WIP Sortino Ratio Rank: 30
WIP Omega Ratio Rank: 29
WIP Calmar Ratio Rank: 40
WIP Martin Ratio Rank: 38

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.

EQCHX vs. WIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXS Chesapeake Strategy Fund Class I (EQCHX) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EQCHX	WIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.12	—

Drawdowns

Drawdown Indicators

	EQCHX	WIP	Difference
Max Drawdown Largest peak-to-trough decline	—	-29.60%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.84%	—
Current Drawdown Current decline from peak	—	-3.87%	—
Average Drawdown Average peak-to-trough decline	—	-8.58%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.72%	—

Volatility

Volatility by Period

	EQCHX	WIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.72%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.16%	—

EQCHX vs. WIP - Expense Ratio Comparison

EQCHX has a 1.91% expense ratio, which is higher than WIP's 0.50% expense ratio.

Dividends

EQCHX vs. WIP - Dividend Comparison

EQCHX has not paid dividends to shareholders, while WIP's dividend yield for the trailing twelve months is around 5.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQCHX AXS Chesapeake Strategy Fund Class I	0.00%	0.00%	0.62%	1.82%	1.54%	20.40%	0.00%	3.86%	1.18%	0.00%	0.00%	1.34%
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	5.79%	5.51%	6.06%	6.54%	11.15%	4.63%	1.59%	2.49%	4.05%	1.91%	1.27%	1.14%

Frequently Asked Questions

Can I hold both EQCHX and WIP in my portfolio?

EQCHX and WIP 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.