WALSX vs. OASDX

Last updated Jun 4, 2026

WALSX (Wasatch Long/Short Alpha Fund) and OASDX (Oakhurst Strategic Defined Risk Fund) are both Long-Short funds. A 0.69 correlation means they provide meaningful diversification when combined. WALSX charges 1.75%/yr vs 1.89%/yr for OASDX.

Performance

WALSX vs. OASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Long/Short Alpha Fund (WALSX) and Oakhurst Strategic Defined Risk Fund (OASDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WALSX

• 1D: 0.86%
• 1M: 0.16%
• YTD: 5.30%
• 6M: 2.38%
• 1Y: -4.23%
• 3Y*: 6.19%
• 5Y*: —
• 10Y*: —

OASDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WALSX vs. OASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WALSX Wasatch Long/Short Alpha Fund	5.30%	-12.79%	7.24%	27.75%	-8.38%	12.20%
OASDX Oakhurst Strategic Defined Risk Fund	3.40%	10.94%	18.06%	17.20%	-13.49%	6.27%

Correlation

The correlation between WALSX and OASDX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 4, 2021	0.69

Over the past year, the correlation between WALSX and OASDX has dropped to 0.42 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

WALSX vs. OASDX — Risk / Return Rank

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

WALSX

WALSX Risk / Return Rank: 2
WALSX Sharpe Ratio Rank: 2
WALSX Sortino Ratio Rank: 2
WALSX Omega Ratio Rank: 2
WALSX Calmar Ratio Rank: 2
WALSX Martin Ratio Rank: 2

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.

WALSX vs. OASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Long/Short Alpha Fund (WALSX) and Oakhurst Strategic Defined Risk Fund (OASDX). 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	OASDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	—	—
Sortino ratio: Return per unit of downside risk	-0.16	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.21	—	—
Martin ratio: Return relative to average drawdown	-0.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WALSX	OASDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	—	—

Drawdowns

Drawdown Indicators

	WALSX	OASDX	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.28%	—	—
Current Drawdown Current decline from peak	-19.15%	—	—
Average Drawdown Average peak-to-trough decline	-9.52%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	—	—

Volatility

Volatility by Period

	WALSX	OASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	—	—

WALSX vs. OASDX - Expense Ratio Comparison

WALSX has a 1.75% expense ratio, which is lower than OASDX's 1.89% expense ratio.

Dividends

WALSX vs. OASDX - Dividend Comparison

WALSX has not paid dividends to shareholders, while OASDX's dividend yield for the trailing twelve months is around 24.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
OASDX Oakhurst Strategic Defined Risk Fund	24.94%	8.80%	12.01%	3.28%	5.59%	5.20%	0.00%	2.35%	1.74%	0.92%
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%

Frequently Asked Questions

Can I hold both WALSX and OASDX in my portfolio?

WALSX and OASDX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.