VEITX vs. VELIX

Last updated Apr 1, 2026

Compare and contrast key facts about VELA International Fund (VEITX) and VELA Large Cap Plus Fund (VELIX).

VEITX is managed by VELA Funds. It was launched on Sep 29, 2020. VELIX is managed by VELA Funds. It was launched on Sep 29, 2020.

Performance

VEITX vs. VELIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VELA International Fund (VEITX) and VELA Large Cap Plus Fund (VELIX). The values are adjusted to include any dividend payments, if applicable.

VEITX vs. VELIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VEITX VELA International Fund	-3.06%	31.00%	3.91%	15.92%	-6.88%	7.33%	21.40%
VELIX VELA Large Cap Plus Fund	-5.83%	9.43%	14.65%	15.80%	-7.48%	28.21%	14.63%

Returns By Period

In the year-to-date period, VEITX achieves a -3.06% return, which is significantly higher than VELIX's -5.83% return.

VEITX

• 1D: 0.28%
• 1M: -9.26%
• YTD: -3.06%
• 6M: -0.65%
• 1Y: 17.61%
• 3Y*: 12.30%
• 5Y*: 7.58%
• 10Y*: —

VELIX

• 1D: 0.44%
• 1M: -6.76%
• YTD: -5.83%
• 6M: -2.74%
• 1Y: 4.88%
• 3Y*: 10.31%
• 5Y*: 7.54%
• 10Y*: —

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

VEITX vs. VELIX - Expense Ratio Comparison

VEITX has a 1.20% expense ratio, which is lower than VELIX's 1.84% expense ratio.

VELIX

VELA Large Cap Plus Fund

VEITX

VELA International Fund

Return for Risk

VEITX vs. VELIX — Risk / Return Rank

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

VEITX

VEITX Risk / Return Rank: 59
VEITX Sharpe Ratio Rank: 63
VEITX Sortino Ratio Rank: 61
VEITX Omega Ratio Rank: 57
VEITX Calmar Ratio Rank: 59
VEITX Martin Ratio Rank: 54

VELIX

VELIX Risk / Return Rank: 14
VELIX Sharpe Ratio Rank: 13
VELIX Sortino Ratio Rank: 14
VELIX Omega Ratio Rank: 13
VELIX Calmar Ratio Rank: 13
VELIX Martin Ratio Rank: 15

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.

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.

	VEITX	VELIX	Difference
Sharpe ratio Return per unit of total volatility	1.15	0.37	+0.78
Sortino ratio Return per unit of downside risk	1.61	0.67	+0.94
Omega ratio Gain probability vs. loss probability	1.23	1.09	+0.14
Calmar ratio Return relative to maximum drawdown	1.41	0.36	+1.04
Martin ratio Return relative to average drawdown	5.36	1.45	+3.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEITX vs. VELIX - Sharpe Ratio Comparison

The current VEITX Sharpe Ratio is 1.15, which is higher than the VELIX Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of VEITX and VELIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VEITX	VELIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	0.37	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.57	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.90	-0.04

Correlation

The correlation between VEITX and VELIX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VEITX vs. VELIX - Dividend Comparison

VEITX's dividend yield for the trailing twelve months is around 8.45%, more than VELIX's 7.54% yield.

	TTM	2025	2024	2023	2022	2021	2020
VEITX VELA International Fund	8.45%	7.97%	3.63%	2.28%	1.65%	0.65%	0.00%
VELIX VELA Large Cap Plus Fund	7.54%	7.10%	6.86%	0.04%	1.79%	0.35%	0.12%

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.

Drawdown Indicators

	VEITX	VELIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.99%	-16.39%	-11.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-9.44%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	-27.99%	-16.39%	-11.60%
Current Drawdown Current decline from peak	-9.48%	-7.83%	-1.65%
Average Drawdown Average peak-to-trough decline	-5.87%	-3.36%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.37%	+0.53%

Volatility

VEITX vs. VELIX - Volatility Comparison

VELA International Fund (VEITX) has a higher volatility of 5.55% compared to VELA Large Cap Plus Fund (VELIX) at 2.94%. 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.

Volatility by Period

	VEITX	VELIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	2.94%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	6.61%	+2.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	14.16%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	13.20%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.44%	13.61%	+0.83%