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LSEIX vs. WALSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LSEIX vs. WALSX

Last updated Jun 25, 2026

LSEIX (Persimmon Long/Short Fund) and WALSX (Wasatch Long/Short Alpha Fund) are both Long-Short funds. Over the past 3 years, LSEIX returned 15.62%/yr vs 6.44%/yr for WALSX. A 0.70 correlation means they provide meaningful diversification when combined. LSEIX charges 1.91%/yr vs 1.75%/yr for WALSX.

Performance

LSEIX vs. WALSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Persimmon Long/Short Fund (LSEIX) and Wasatch Long/Short Alpha Fund (WALSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with LSEIX having a 6.69% return and WALSX slightly lower at 6.44%.

LSEIX

1D
-1.12%
1M
0.93%
YTD
6.69%
6M
5.59%
1Y
18.74%
3Y*
15.62%
5Y*
9.48%
10Y*
7.32%

WALSX

1D
0.54%
1M
1.87%
YTD
6.44%
6M
4.31%
1Y
-3.97%
3Y*
6.44%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LSEIX vs. WALSX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
LSEIX
Persimmon Long/Short Fund		6.69%12.02%17.36%15.70%-9.95%7.02%
WALSX
Wasatch Long/Short Alpha Fund		6.44%-12.79%7.24%27.75%-8.38%12.20%

Correlation

The correlation between LSEIX and WALSX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2021

0.70

Over the past year, the correlation between LSEIX and WALSX has dropped to 0.49 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Persimmon Long/Short Fund

Wasatch Long/Short Alpha Fund

Often compared with LSEIX:
LSEIX vs. WTLSLSEIX vs. ABRSXLSEIX vs. BPLEXLSEIX vs. BDMIXLSEIX vs. WPOPXLSEIX vs. ASILXLSEIX vs. SPEDX
Often compared with WALSX:
WALSX vs. QLEIXWALSX vs. IVVWALSX vs. QLENXWALSX vs. SPYWALSX vs. VMNIXWALSX vs. ASILXWALSX vs. WTLS

Return for Risk

LSEIX vs. WALSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LSEIX
LSEIX Risk / Return Rank: 8484
Overall Rank
LSEIX Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
LSEIX Sortino Ratio Rank: 7575
Sortino Ratio Rank
LSEIX Omega Ratio Rank: 7676
Omega Ratio Rank
LSEIX Calmar Ratio Rank: 9595
Calmar Ratio Rank
LSEIX Martin Ratio Rank: 9696
Martin Ratio Rank
WALSX
WALSX Risk / Return Rank: 22
Overall Rank
WALSX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
WALSX Sortino Ratio Rank: 22
Sortino Ratio Rank
WALSX Omega Ratio Rank: 22
Omega Ratio Rank
WALSX Calmar Ratio Rank: 22
Calmar Ratio Rank
WALSX Martin Ratio Rank: 22
Martin Ratio Rank
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.

LSEIX vs. WALSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Persimmon Long/Short Fund (LSEIX) 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.

LSEIXWALSXDifference
Sharpe ratioReturn per unit of total volatility
2.29
-0.18

+2.47

Sortino ratioReturn per unit of downside risk
3.17
-0.16

+3.33

Omega ratioGain probability vs. loss probability

1.43

0.98

+0.44

Calmar ratioReturn relative to maximum drawdown

5.16

-0.23

+5.39

Martin ratioReturn relative to average drawdown

20.15

-0.44

+20.59

LSEIX vs. WALSX - Sharpe Ratio Comparison

The current LSEIX Sharpe Ratio is 2.29, which is higher than the WALSX Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of LSEIX and WALSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LSEIX vs. WALSX - Drawdown Comparison

The maximum LSEIX drawdown since its inception was -19.92%, smaller than the maximum WALSX drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for LSEIX and WALSX.

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Drawdown Indicators

LSEIXWALSXDifference

Max Drawdown

Largest peak-to-trough decline

-19.92%

-25.28%

+5.36%

Max Drawdown (1Y)

Largest decline over 1 year

-3.90%

-12.66%

+8.76%

Max Drawdown (3Y)

Largest decline over 3 years

-13.63%

-25.28%

+11.65%

Max Drawdown (5Y)

Largest decline over 5 years

-13.63%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-19.92%

—

—

Current Drawdown

Current decline from peak

-1.39%

-18.27%

+16.88%

Average Drawdown

Average peak-to-trough decline

-4.03%

-9.62%

+5.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.00%

6.55%

-5.55%

Volatility

LSEIX vs. WALSX - Volatility Comparison

The current volatility for Persimmon Long/Short Fund (LSEIX) is 2.68%, while Wasatch Long/Short Alpha Fund (WALSX) has a volatility of 3.15%. This indicates that LSEIX 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

LSEIXWALSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.68%

3.15%

-0.47%

Volatility (6M)

Calculated over the trailing 6-month period

5.79%

11.76%

-5.97%

Volatility (1Y)

Calculated over the trailing 1-year period

8.83%

15.82%

-6.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.93%

16.32%

-5.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.68%

16.32%

-5.64%

LSEIX vs. WALSX - Expense Ratio Comparison

LSEIX has a 1.91% expense ratio, which is higher than WALSX's 1.75% expense ratio.

Dividends

LSEIX vs. WALSX - Dividend Comparison

Neither LSEIX nor WALSX has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
LSEIX
Persimmon Long/Short Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.23%3.49%6.18%0.00%4.88%
WALSX
Wasatch Long/Short Alpha Fund		0.00%0.00%0.00%0.00%0.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LSEIX and WALSX have a correlation of 0.49, 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 LSEIX (2.68%). In terms of maximum drawdown, LSEIX dropped -19.92% vs WALSX's -25.28%.

LSEIX currently has the higher Sharpe Ratio (2.29 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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