PHSWX vs. WTLS

Last updated Jun 24, 2026

PHSWX (Parvin Hedged Equity Solari World Fund) and WTLS (WisdomTree Efficient Long/Short US Equity Fund) are both Long-Short funds. At a 0.48 correlation, their price movements are largely independent. PHSWX charges 0.01%/yr vs 0.88%/yr for WTLS.

Performance

PHSWX vs. WTLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parvin Hedged Equity Solari World Fund (PHSWX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PHSWX

• 1D: -0.90%
• 1M: -1.96%
• YTD: 3.97%
• 6M: 3.29%
• 1Y: 12.12%
• 3Y*: 9.87%
• 5Y*: 3.01%
• 10Y*: —

WTLS

• 1D: -1.58%
• 1M: 0.95%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PHSWX vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
PHSWX Parvin Hedged Equity Solari World Fund	-7.41%
WTLS WisdomTree Efficient Long/Short US Equity Fund	16.29%

Correlation

The correlation between PHSWX and WTLS is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.48

Return for Risk

PHSWX vs. WTLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHSWX

PHSWX Risk / Return Rank: 9
PHSWX Sharpe Ratio Rank: 10
PHSWX Sortino Ratio Rank: 9
PHSWX Omega Ratio Rank: 9
PHSWX Calmar Ratio Rank: 10
PHSWX Martin Ratio Rank: 8

WTLS

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

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.

PHSWX vs. WTLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parvin Hedged Equity Solari World Fund (PHSWX) 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.

	PHSWX	WTLS	Difference
Sharpe ratio: Return per unit of total volatility	0.76	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.87	—	—
Martin ratio: Return relative to average drawdown	2.12	—	—

Drawdowns

PHSWX vs. WTLS - Drawdown Comparison

The maximum PHSWX drawdown since its inception was -94.47%, which is greater than WTLS's maximum drawdown of -8.94%. Use the drawdown chart below to compare losses from any high point for PHSWX and WTLS.

Drawdown Indicators

	PHSWX	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	-94.47%	-8.94%	-85.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-94.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.47%	—	—
Current Drawdown Current decline from peak	-93.14%	-3.35%	-89.79%
Average Drawdown Average peak-to-trough decline	-29.85%	-2.03%	-27.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.78%	—	—

Volatility

Volatility by Period

	PHSWX	WTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	19.35%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	756.04%	19.35%	+736.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	722.77%	19.35%	+703.42%

PHSWX vs. WTLS - Expense Ratio Comparison

PHSWX has a 0.01% expense ratio, which is lower than WTLS's 0.88% expense ratio.

Dividends

PHSWX vs. WTLS - Dividend Comparison

PHSWX's dividend yield for the trailing twelve months is around 0.47%, while WTLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
PHSWX Parvin Hedged Equity Solari World Fund	0.47%	0.49%	1.12%	2.04%	2.24%	2.02%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PHSWX and WTLS in my portfolio?

PHSWX and WTLS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.