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 19.12%/yr vs -8.94%/yr for WEX. At a 0.45 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 16.01% return, which is significantly higher than WEX's -12.71% return.
RSEE
- 1D
- -0.19%
- 1M
- 2.50%
- YTD
- 16.01%
- 6M
- 15.56%
- 1Y
- 38.14%
- 3Y*
- 19.12%
- 5Y*
- —
- 10Y*
- —
WEX
- 1D
- 1.98%
- 1M
- -13.62%
- YTD
- -12.71%
- 6M
- -15.45%
- 1Y
- -7.55%
- 3Y*
- -8.94%
- 5Y*
- -8.06%
- 10Y*
- 4.16%
RSEE vs. WEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RSEE Rareview Systematic Equity ETF | 16.01% | 20.54% | 18.54% | 10.21% | -2.49% |
WEX WEX Inc. | -12.71% | -15.02% | -9.88% | 18.88% | 6.52% |
Correlation
The correlation between RSEE and WEX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022 | 0.45 |
Over the past year, the correlation between RSEE and WEX has dropped to 0.23 - well below their long-term average of 0.45, 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 | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.00 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.24 | +3.21 |
| Martin ratioReturn relative to average drawdown | 12.03 | -0.56 | +12.59 |
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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 | -0.90% | -46.31% | +45.41% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -17.54% | +13.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 13.49% | -10.31% |
Volatility
RSEE vs. WEX - Volatility Comparison
The current volatility for Rareview Systematic Equity ETF (RSEE) is 7.43%, while WEX Inc. (WEX) has a volatility of 11.32%. 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 | 7.43% | 11.32% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 32.90% | -17.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.63% | 38.05% | -19.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 36.78% | -17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.17% | 40.13% | -20.96% |
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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEX has higher volatility (11.32%) compared to RSEE (7.43%). In terms of maximum drawdown, RSEE dropped -21.60% vs WEX's -78.96%.
RSEE currently has the higher Sharpe Ratio (2.06 vs -0.20), 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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