FLSPX vs. PWLIX
FLSPX (Meeder Spectrum Fund) and PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) are both Long-Short funds. Over the past 10 years, FLSPX returned 10.50%/yr vs 4.88%/yr for PWLIX. Their 0.21 correlation means their historical movements had little consistent relationship. FLSPX charges 1.52%/yr vs 1.19%/yr for PWLIX.
Performance
FLSPX vs. PWLIX - Performance Comparison
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Returns By Period
In the year-to-date period, FLSPX achieves a 10.62% return, which is significantly higher than PWLIX's 7.50% return. Over the past 10 years, FLSPX has outperformed PWLIX with an annualized return of 10.50%, while PWLIX has yielded a comparatively lower 4.88% annualized return.
FLSPX
- 1D
- 1.77%
- 1M
- 0.60%
- 6M
- 7.28%
- YTD
- 10.62%
- 1Y
- 23.47%
- 3Y*
- 19.05%
- 5Y*
- 11.66%
- 10Y*
- 10.50%
- ALL TIME*
- 9.46%
PWLIX
- 1D
- -1.02%
- 1M
- 6.29%
- 6M
- 4.38%
- YTD
- 7.50%
- 1Y
- 7.60%
- 3Y*
- 6.70%
- 5Y*
- 5.92%
- 10Y*
- 4.88%
- ALL TIME*
- 4.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FLSPX Meeder Spectrum Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FLSPX vs. PWLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLSPX Meeder Spectrum Fund | 10.62% | 16.15% | 27.96% | 14.00% | -11.49% | 20.56% | -0.23% | 13.03% | -3.96% | 19.30% |
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 7.50% | 4.64% | 4.65% | 4.04% | 4.33% | 15.15% | -12.66% | 9.60% | 0.49% | 11.80% |
Correlation
The correlation between FLSPX and PWLIX is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.29 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2015 | 0.21 |
The correlation between FLSPX and PWLIX shifts across timeframes, from -0.29 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLSPX vs. PWLIX — Risk / Return Rank
FLSPX
PWLIX
FLSPX vs. PWLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meeder Spectrum Fund (FLSPX) 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.
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.
| FLSPX | PWLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 0.84 | +1.65 |
| Martin ratioReturn relative to average drawdown | 10.08 | 1.99 | +8.09 |
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Drawdowns
FLSPX vs. PWLIX - Drawdown Comparison
The maximum FLSPX drawdown since its inception was -27.07%, roughly equal to the maximum PWLIX drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for FLSPX and PWLIX.
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Drawdown Indicators
| FLSPX | PWLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.07% | -26.92% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -10.30% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | -11.74% | -4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -11.74% | -8.27% |
Max Drawdown (10Y)Largest decline over 10 years | -27.07% | -26.92% | -0.15% |
Current DrawdownCurrent decline from peak | -1.07% | -1.84% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -4.22% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 4.35% | -2.20% |
Volatility
FLSPX vs. PWLIX - Volatility Comparison
The current volatility for Meeder Spectrum Fund (FLSPX) is 3.35%, while PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) has a volatility of 4.64%. This indicates that FLSPX experiences smaller price fluctuations and is considered to be less risky than PWLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLSPX | PWLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.64% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 8.36% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 10.13% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 9.32% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.61% | 9.15% | +4.46% |
FLSPX vs. PWLIX - Expense Ratio Comparison
FLSPX has a 1.52% expense ratio, which is higher than PWLIX's 1.19% expense ratio.
Dividends
FLSPX vs. PWLIX - Dividend Comparison
FLSPX's dividend yield for the trailing twelve months is around 4.10%, less than PWLIX's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLSPX Meeder Spectrum Fund | 4.10% | 4.32% | 17.39% | 8.41% | 2.81% | 5.55% | 0.09% | 0.96% | 1.26% | 6.78% | 2.52% | 1.55% |
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 4.58% | 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
FLSPX 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.
PWLIX has higher volatility (4.64%) compared to FLSPX (3.35%). In terms of maximum drawdown, FLSPX dropped -27.07% vs PWLIX's -26.92%.
FLSPX currently has the higher Sharpe Ratio (1.68 vs 0.86), 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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