VOLSX vs. WALSX
VOLSX (ABR 75/25 Volatility Fund) and WALSX (Wasatch Long/Short Alpha Fund) are both Long-Short funds. Over the past 3 years, VOLSX returned 9.65%/yr vs 6.44%/yr for WALSX. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 1.75% expense ratio.
Performance
VOLSX vs. WALSX - Performance Comparison
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Returns By Period
In the year-to-date period, VOLSX achieves a 4.71% return, which is significantly lower than WALSX's 6.44% return.
VOLSX
- 1D
- -0.96%
- 1M
- -0.09%
- YTD
- 4.71%
- 6M
- 3.63%
- 1Y
- 19.70%
- 3Y*
- 9.65%
- 5Y*
- 4.23%
- 10Y*
- —
WALSX
- 1D
- 0.54%
- 1M
- 1.87%
- YTD
- 6.44%
- 6M
- 4.31%
- 1Y
- -3.97%
- 3Y*
- 6.44%
- 5Y*
- —
- 10Y*
- —
VOLSX vs. WALSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VOLSX ABR 75/25 Volatility Fund | 4.71% | 2.83% | 15.19% | 24.73% | -29.76% | 11.85% |
WALSX Wasatch Long/Short Alpha Fund | 6.44% | -12.79% | 7.24% | 27.75% | -8.38% | 12.20% |
Correlation
The correlation between VOLSX and WALSX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.65 |
The correlation between VOLSX and WALSX shifts across timeframes, from 0.50 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VOLSX vs. WALSX — Risk / Return Rank
VOLSX
WALSX
VOLSX vs. WALSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ABR 75/25 Volatility Fund (VOLSX) and Wasatch Long/Short Alpha Fund (WALSX). 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.
| VOLSX | WALSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.98 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.23 | +2.09 |
| Martin ratioReturn relative to average drawdown | 7.99 | -0.44 | +8.43 |
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Drawdowns
VOLSX vs. WALSX - Drawdown Comparison
The maximum VOLSX drawdown since its inception was -35.10%, which is greater than WALSX's maximum drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for VOLSX and WALSX.
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Drawdown Indicators
| VOLSX | WALSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.10% | -25.28% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.37% | -12.66% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -24.07% | -25.28% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -35.10% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -18.27% | +15.86% |
Average DrawdownAverage peak-to-trough decline | -10.95% | -9.62% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 6.55% | -3.68% |
Volatility
VOLSX vs. WALSX - Volatility Comparison
ABR 75/25 Volatility Fund (VOLSX) has a higher volatility of 4.70% compared to Wasatch Long/Short Alpha Fund (WALSX) at 3.15%. This indicates that VOLSX's price experiences larger fluctuations and is considered to be riskier than WALSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOLSX | WALSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 3.15% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 11.76% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 15.82% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.25% | 16.32% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 16.32% | +2.59% |
VOLSX vs. WALSX - Expense Ratio Comparison
Both VOLSX and WALSX have an expense ratio of 1.75%.
Dividends
VOLSX vs. WALSX - Dividend Comparison
VOLSX's dividend yield for the trailing twelve months is around 2.08%, while WALSX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
VOLSX ABR 75/25 Volatility Fund | 2.08% | 2.18% | 2.24% | 0.29% | 0.00% | 18.63% |
WALSX Wasatch Long/Short Alpha Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.00% |
Frequently Asked Questions
VOLSX and WALSX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOLSX has higher volatility (4.70%) compared to WALSX (3.15%). In terms of maximum drawdown, VOLSX dropped -35.10% vs WALSX's -25.28%.
VOLSX currently has the higher Sharpe Ratio (1.60 vs -0.18), 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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