WALSX vs. NLSIX
Compare and contrast key facts about Wasatch Long/Short Alpha Fund (WALSX) and Neuberger Berman Long Short Fund (NLSIX).
WALSX is managed by Wasatch. It was launched on Sep 30, 2021. NLSIX is managed by Neuberger Berman. It was launched on Dec 28, 2011.
Performance
WALSX vs. NLSIX - Performance Comparison
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WALSX vs. NLSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WALSX Wasatch Long/Short Alpha Fund | 1.55% | -12.79% | 7.24% | 27.75% | -8.38% | 12.20% |
NLSIX Neuberger Berman Long Short Fund | -3.63% | 7.20% | 7.47% | 13.10% | -6.85% | 1.84% |
Returns By Period
In the year-to-date period, WALSX achieves a 1.55% return, which is significantly higher than NLSIX's -3.63% return.
WALSX
- 1D
- -0.72%
- 1M
- -8.45%
- YTD
- 1.55%
- 6M
- -0.56%
- 1Y
- -7.36%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
NLSIX
- 1D
- 0.00%
- 1M
- -2.86%
- YTD
- -3.63%
- 6M
- -3.20%
- 1Y
- 3.47%
- 3Y*
- 6.40%
- 5Y*
- 4.72%
- 10Y*
- 6.37%
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WALSX vs. NLSIX - Expense Ratio Comparison
WALSX has a 1.75% expense ratio, which is higher than NLSIX's 1.28% expense ratio.
Return for Risk
WALSX vs. NLSIX — Risk / Return Rank
WALSX
NLSIX
WALSX vs. NLSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Long/Short Alpha Fund (WALSX) and Neuberger Berman Long Short Fund (NLSIX). 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.
| WALSX | NLSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 0.57 | -0.98 |
Sortino ratioReturn per unit of downside risk | -0.48 | 0.87 | -1.35 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.12 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.57 | 0.63 | -1.20 |
Martin ratioReturn relative to average drawdown | -1.06 | 2.31 | -3.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WALSX | NLSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.57 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.91 | -0.59 |
Correlation
The correlation between WALSX and NLSIX is 0.59, 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
WALSX vs. NLSIX - Dividend Comparison
WALSX has not paid dividends to shareholders, while NLSIX's dividend yield for the trailing twelve months is around 0.05%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WALSX Wasatch Long/Short Alpha Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NLSIX Neuberger Berman Long Short Fund | 0.05% | 0.05% | 0.02% | 0.97% | 7.01% | 1.13% | 2.15% | 2.39% | 5.91% | 0.00% | 0.00% | 0.01% |
Drawdowns
WALSX vs. NLSIX - Drawdown Comparison
The maximum WALSX drawdown since its inception was -25.28%, which is greater than NLSIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for WALSX and NLSIX.
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Drawdown Indicators
| WALSX | NLSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -14.75% | -10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -4.39% | -10.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.75% | — |
Current DrawdownCurrent decline from peak | -22.03% | -4.39% | -17.64% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -2.03% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 1.19% | +6.78% |
Volatility
WALSX vs. NLSIX - Volatility Comparison
Wasatch Long/Short Alpha Fund (WALSX) has a higher volatility of 5.19% compared to Neuberger Berman Long Short Fund (NLSIX) at 1.89%. This indicates that WALSX's price experiences larger fluctuations and is considered to be riskier than NLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WALSX | NLSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 1.89% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 3.40% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 6.34% | +11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 6.63% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 7.29% | +9.01% |