MERIX vs. WCFRX
Compare and contrast key facts about The Merger Fund Class I (MERIX) and Virtus Westchester Credit Event Fund (WCFRX).
MERIX is managed by Virtus Investment Partners. It was launched on Aug 1, 2013. WCFRX is managed by Virtus. It was launched on Dec 28, 2017.
Performance
MERIX vs. WCFRX - Performance Comparison
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MERIX vs. WCFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MERIX The Merger Fund Class I | 0.59% | 8.41% | 3.54% | 4.51% | 1.01% | 0.10% | 5.14% | 6.32% | 7.70% |
WCFRX Virtus Westchester Credit Event Fund | -0.85% | 4.37% | 6.83% | 9.23% | -5.28% | 7.08% | 16.26% | 12.60% | -3.23% |
Returns By Period
In the year-to-date period, MERIX achieves a 0.59% return, which is significantly higher than WCFRX's -0.85% return.
MERIX
- 1D
- 0.06%
- 1M
- 0.06%
- YTD
- 0.59%
- 6M
- 2.05%
- 1Y
- 6.59%
- 3Y*
- 5.63%
- 5Y*
- 3.40%
- 10Y*
- 4.19%
WCFRX
- 1D
- 0.00%
- 1M
- -0.83%
- YTD
- -0.85%
- 6M
- -0.88%
- 1Y
- 2.49%
- 3Y*
- 5.44%
- 5Y*
- 3.06%
- 10Y*
- —
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MERIX vs. WCFRX - Expense Ratio Comparison
MERIX has a 1.32% expense ratio, which is lower than WCFRX's 1.90% expense ratio.
Return for Risk
MERIX vs. WCFRX — Risk / Return Rank
MERIX
WCFRX
MERIX vs. WCFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Merger Fund Class I (MERIX) and Virtus Westchester Credit Event Fund (WCFRX). 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.
| MERIX | WCFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.51 | 1.13 | +3.38 |
Sortino ratioReturn per unit of downside risk | 8.79 | 1.53 | +7.26 |
Omega ratioGain probability vs. loss probability | 2.18 | 1.25 | +0.93 |
Calmar ratioReturn relative to maximum drawdown | 14.49 | 1.15 | +13.34 |
Martin ratioReturn relative to average drawdown | 63.54 | 4.05 | +59.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MERIX | WCFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.51 | 1.13 | +3.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.74 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.83 | +0.11 |
Correlation
The correlation between MERIX and WCFRX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MERIX vs. WCFRX - Dividend Comparison
MERIX's dividend yield for the trailing twelve months is around 7.91%, more than WCFRX's 6.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MERIX The Merger Fund Class I | 7.91% | 7.95% | 3.75% | 2.91% | 4.75% | 0.27% | 3.64% | 1.34% | 4.85% | 0.98% | 0.89% | 1.63% |
WCFRX Virtus Westchester Credit Event Fund | 6.88% | 5.82% | 5.33% | 4.15% | 0.21% | 13.79% | 0.90% | 2.99% | 1.43% | 0.00% | 0.00% | 0.00% |
Drawdowns
MERIX vs. WCFRX - Drawdown Comparison
The maximum MERIX drawdown since its inception was -9.33%, smaller than the maximum WCFRX drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for MERIX and WCFRX.
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Drawdown Indicators
| MERIX | WCFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.33% | -23.56% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -2.09% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -5.68% | -9.57% | +3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -9.33% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.79% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -4.36% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.59% | -0.48% |
Volatility
MERIX vs. WCFRX - Volatility Comparison
The current volatility for The Merger Fund Class I (MERIX) is 0.44%, while Virtus Westchester Credit Event Fund (WCFRX) has a volatility of 0.69%. This indicates that MERIX experiences smaller price fluctuations and is considered to be less risky than WCFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MERIX | WCFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.69% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 1.26% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.51% | 2.21% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.65% | 4.17% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 6.64% | -2.78% |