RSEE vs. WEX
RSEE (Rareview Systematic Equity ETF) is Long-Short fund actively managed by Rareview Funds, while WEX (WEX Inc.) is a stock. Over the past 3 years, RSEE returned 17.59%/yr vs -6.09%/yr for WEX. At a 0.44 correlation, their price movements are largely independent.
Performance
RSEE vs. WEX - Performance Comparison
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Returns By Period
In the year-to-date period, RSEE achieves a 15.15% return, which is significantly higher than WEX's 5.72% return.
RSEE
- 1D
- 0.58%
- 1M
- 1.09%
- 6M
- 11.27%
- YTD
- 15.15%
- 1Y
- 29.43%
- 3Y*
- 17.59%
- 5Y*
- —
- 10Y*
- —
WEX
- 1D
- 2.39%
- 1M
- 16.24%
- 6M
- -2.71%
- YTD
- 5.72%
- 1Y
- 4.55%
- 3Y*
- -6.09%
- 5Y*
- -4.27%
- 10Y*
- 5.11%
RSEE vs. WEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RSEE Rareview Systematic Equity ETF | 15.15% | 20.54% | 18.54% | 10.21% | -2.49% |
WEX WEX Inc. | 5.72% | -15.02% | -9.88% | 18.88% | 6.52% |
Correlation
The correlation between RSEE and WEX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022 | 0.44 |
Over the past year, the correlation between RSEE and WEX has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
RSEE vs. WEX — Risk / Return Rank
RSEE
WEX
RSEE vs. WEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Systematic Equity ETF (RSEE) and WEX Inc. (WEX). 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.
| RSEE | WEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.04 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 0.07 | +2.16 |
| Martin ratioReturn relative to average drawdown | 8.83 | 0.15 | +8.68 |
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Drawdowns
RSEE vs. WEX - Drawdown Comparison
The maximum RSEE drawdown since its inception was -21.60%, smaller than the maximum WEX drawdown of -78.96%. Use the drawdown chart below to compare losses from any high point for RSEE and WEX.
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Drawdown Indicators
| RSEE | WEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -78.96% | +57.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -31.40% | +18.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.60% | -53.15% | +31.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.60% | — |
Current DrawdownCurrent decline from peak | -1.63% | -34.98% | +33.35% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -17.59% | +13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 14.45% | -11.20% |
Volatility
RSEE vs. WEX - Volatility Comparison
The current volatility for Rareview Systematic Equity ETF (RSEE) is 6.98%, while WEX Inc. (WEX) has a volatility of 13.02%. This indicates that RSEE experiences smaller price fluctuations and is considered to be less risky than WEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSEE | WEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 13.02% | -6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 33.86% | -18.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 38.62% | -19.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 36.91% | -17.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 40.07% | -20.88% |
Dividends
RSEE vs. WEX - Dividend Comparison
Neither RSEE nor WEX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
RSEE Rareview Systematic Equity ETF | 0.00% | 0.24% | 9.02% | 0.84% | 1.97% |
WEX WEX Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSEE and WEX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEX has higher volatility (13.02%) compared to RSEE (6.98%). In terms of maximum drawdown, RSEE dropped -21.60% vs WEX's -78.96%.
RSEE currently has the higher Sharpe Ratio (1.52 vs 0.06), 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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