GTAPX vs. WTLS

Last updated Aug 4, 2026

GTAPX (Quantitative U.S. Long/Short Equity Portfolio) and WTLS (WisdomTree Efficient Long/Short US Equity Fund) are both Long-Short funds. Their 0.31 correlation means their historical movements had little consistent relationship. GTAPX charges 1.25%/yr vs 0.88%/yr for WTLS.

Performance

GTAPX vs. WTLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantitative U.S. Long/Short Equity Portfolio (GTAPX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GTAPX

• 1D: 0.07%
• 1M: 5.32%
• 6M: 6.34%
• YTD: 9.80%
• 1Y: 18.71%
• 3Y*: 11.99%
• 5Y*: 9.98%
• 10Y*: 6.14%
• ALL TIME*: 4.00%

WTLS

• 1D: 1.16%
• 1M: 4.71%
• 6M: 18.69%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTAPX Quantitative U.S. Long/Short Equity Portfolio	$0.00	$0.00	$0.00
WTLS WisdomTree Efficient Long/Short US Equity Fund	$489.38K	$278.02K	$154.05K

GTAPX vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
GTAPX Quantitative U.S. Long/Short Equity Portfolio	8.87%
WTLS WisdomTree Efficient Long/Short US Equity Fund	21.84%

Correlation

The correlation between GTAPX and WTLS is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.31

Return for Risk

GTAPX vs. WTLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTAPX

GTAPX Risk / Return Rank: 95
GTAPX Sharpe Ratio Rank: 96
GTAPX Sortino Ratio Rank: 96
GTAPX Omega Ratio Rank: 90
GTAPX Calmar Ratio Rank: 98
GTAPX Martin Ratio Rank: 97

WTLS

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTAPX vs. WTLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). 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.

	GTAPX	WTLS	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	4.07	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	6.19	—	—
Martin ratio: Return relative to average drawdown	19.47	—	—

Drawdowns

GTAPX vs. WTLS - Drawdown Comparison

The maximum GTAPX drawdown since its inception was -30.40%, which is greater than WTLS's maximum drawdown of -8.94%. Use the drawdown chart below to compare losses from any high point for GTAPX and WTLS.

Drawdown Indicators

	GTAPX	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-8.94%	-21.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.98%	-1.96%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	GTAPX	WTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.94%	18.44%	-11.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.88%	18.44%	-7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.24%	18.44%	-8.20%

GTAPX vs. WTLS - Expense Ratio Comparison

GTAPX has a 1.25% expense ratio, which is higher than WTLS's 0.88% expense ratio.

Dividends

GTAPX vs. WTLS - Dividend Comparison

GTAPX's dividend yield for the trailing twelve months is around 14.98%, while WTLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GTAPX Quantitative U.S. Long/Short Equity Portfolio	14.98%	16.63%	11.79%	11.23%	0.00%	0.00%	0.00%	0.96%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTAPX and WTLS in my portfolio?

GTAPX and WTLS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.