VEITX vs. VELIX
VEITX (VELA International Fund) and VELIX (VELA Large Cap Plus Fund) are both mutual funds - VEITX is a Foreign Large Cap Equities fund managed by VELA Funds, while VELIX is a Large Cap Blend Equities fund managed by VELA Funds. Over the past 5 years, VEITX returned 7.97%/yr vs 7.84%/yr for VELIX. A 0.69 correlation means they provide meaningful diversification when combined. VEITX charges 1.20%/yr vs 1.84%/yr for VELIX.
Performance
VEITX vs. VELIX - Performance Comparison
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Returns By Period
In the year-to-date period, VEITX achieves a 3.81% return, which is significantly higher than VELIX's -1.65% return.
VEITX
- 1D
- -0.06%
- 1M
- -1.04%
- YTD
- 3.81%
- 6M
- 3.61%
- 1Y
- 17.58%
- 3Y*
- 13.79%
- 5Y*
- 7.97%
- 10Y*
- —
VELIX
- 1D
- 0.54%
- 1M
- -0.83%
- YTD
- -1.65%
- 6M
- -1.82%
- 1Y
- 6.98%
- 3Y*
- 9.99%
- 5Y*
- 7.84%
- 10Y*
- —
VEITX vs. VELIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VEITX VELA International Fund | 3.81% | 31.00% | 3.91% | 15.92% | -6.88% | 7.33% | 22.81% |
VELIX VELA Large Cap Plus Fund | -1.65% | 9.43% | 14.65% | 15.80% | -7.48% | 28.21% | 14.63% |
Correlation
The correlation between VEITX and VELIX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2020 | 0.69 |
The correlation between VEITX and VELIX has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
VEITX vs. VELIX — Risk / Return Rank
VEITX
VELIX
VEITX vs. VELIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA International Fund (VEITX) and VELA Large Cap Plus Fund (VELIX). 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.
| VEITX | VELIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.13 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.83 | +0.69 |
| Martin ratioReturn relative to average drawdown | 5.54 | 2.77 | +2.77 |
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Drawdowns
VEITX vs. VELIX - Drawdown Comparison
The maximum VEITX drawdown since its inception was -27.99%, which is greater than VELIX's maximum drawdown of -16.39%. Use the drawdown chart below to compare losses from any high point for VEITX and VELIX.
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Drawdown Indicators
| VEITX | VELIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.99% | -16.39% | -11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -8.24% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -15.80% | +3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.52% | -16.39% | -9.13% |
Current DrawdownCurrent decline from peak | -3.07% | -3.74% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -3.36% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.46% | +0.56% |
Volatility
VEITX vs. VELIX - Volatility Comparison
VELA International Fund (VEITX) has a higher volatility of 4.39% compared to VELA Large Cap Plus Fund (VELIX) at 3.21%. This indicates that VEITX's price experiences larger fluctuations and is considered to be riskier than VELIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEITX | VELIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 3.21% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 7.37% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 9.50% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 13.23% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.48% | 13.52% | +0.96% |
VEITX vs. VELIX - Expense Ratio Comparison
VEITX has a 1.20% expense ratio, which is lower than VELIX's 1.84% expense ratio.
Dividends
VEITX vs. VELIX - Dividend Comparison
VEITX's dividend yield for the trailing twelve months is around 8.09%, more than VELIX's 7.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
VEITX VELA International Fund | 8.09% | 7.97% | 3.63% | 2.28% | 1.65% | 0.65% | 0.00% |
VELIX VELA Large Cap Plus Fund | 7.22% | 7.10% | 6.86% | 0.04% | 1.79% | 0.35% | 0.12% |
Frequently Asked Questions
VEITX and VELIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEITX has higher volatility (4.39%) compared to VELIX (3.21%). In terms of maximum drawdown, VEITX dropped -27.99% vs VELIX's -16.39%.
VEITX currently has the higher Sharpe Ratio (1.30 vs 0.72), 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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