KCEIX vs. WALSX
KCEIX (Knights of Columbus Long/Short Equity Fund) and WALSX (Wasatch Long/Short Alpha Fund) are both Long-Short funds. Over the past 3 years, KCEIX returned 10.78%/yr vs 6.44%/yr for WALSX. At a 0.27 correlation, their price movements are largely independent. KCEIX charges 1.50%/yr vs 1.75%/yr for WALSX.
Performance
KCEIX vs. WALSX - Performance Comparison
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Returns By Period
In the year-to-date period, KCEIX achieves a 8.01% return, which is significantly higher than WALSX's 6.44% return.
KCEIX
- 1D
- 0.83%
- 1M
- 2.28%
- YTD
- 8.01%
- 6M
- 7.43%
- 1Y
- 12.43%
- 3Y*
- 10.78%
- 5Y*
- 10.11%
- 10Y*
- —
WALSX
- 1D
- 0.54%
- 1M
- 1.87%
- YTD
- 6.44%
- 6M
- 4.31%
- 1Y
- -3.97%
- 3Y*
- 6.44%
- 5Y*
- —
- 10Y*
- —
KCEIX vs. WALSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KCEIX Knights of Columbus Long/Short Equity Fund | 8.01% | 5.51% | 15.09% | 2.84% | 10.41% | 6.02% |
WALSX Wasatch Long/Short Alpha Fund | 6.44% | -12.79% | 7.24% | 27.75% | -8.38% | 12.20% |
Correlation
The correlation between KCEIX and WALSX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.27 |
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Return for Risk
KCEIX vs. WALSX — Risk / Return Rank
KCEIX
WALSX
KCEIX vs. WALSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Long/Short Equity Fund (KCEIX) and Wasatch Long/Short Alpha Fund (WALSX). 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.
| KCEIX | WALSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.98 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | -0.23 | +4.69 |
| Martin ratioReturn relative to average drawdown | 12.42 | -0.44 | +12.86 |
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Drawdowns
KCEIX vs. WALSX - Drawdown Comparison
The maximum KCEIX drawdown since its inception was -16.07%, smaller than the maximum WALSX drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for KCEIX and WALSX.
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Drawdown Indicators
| KCEIX | WALSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.07% | -25.28% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -12.66% | +9.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -25.28% | +19.16% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -18.27% | +17.31% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -9.62% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 6.55% | -5.54% |
Volatility
KCEIX vs. WALSX - Volatility Comparison
The current volatility for Knights of Columbus Long/Short Equity Fund (KCEIX) is 2.78%, while Wasatch Long/Short Alpha Fund (WALSX) has a volatility of 3.15%. This indicates that KCEIX experiences smaller price fluctuations and is considered to be less risky than WALSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCEIX | WALSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.15% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 11.76% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 15.82% | -9.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 16.32% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 16.32% | -8.26% |
KCEIX vs. WALSX - Expense Ratio Comparison
KCEIX has a 1.50% expense ratio, which is lower than WALSX's 1.75% expense ratio.
Dividends
KCEIX vs. WALSX - Dividend Comparison
KCEIX's dividend yield for the trailing twelve months is around 1.51%, while WALSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KCEIX Knights of Columbus Long/Short Equity Fund | 1.51% | 1.66% | 2.35% | 2.20% | 7.60% | 0.00% | 0.14% |
WALSX Wasatch Long/Short Alpha Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% |
Frequently Asked Questions
KCEIX and WALSX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WALSX has higher volatility (3.15%) compared to KCEIX (2.78%). In terms of maximum drawdown, KCEIX dropped -16.07% vs WALSX's -25.28%.
KCEIX currently has the higher Sharpe Ratio (2.06 vs -0.18), 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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