WALSX vs. SAOAX
Compare and contrast key facts about Wasatch Long/Short Alpha Fund (WALSX) and Guggenheim Alpha Opportunity Fund (SAOAX).
WALSX is managed by Wasatch. It was launched on Sep 30, 2021. SAOAX is managed by Guggenheim. It was launched on Jul 6, 2003.
Performance
WALSX vs. SAOAX - Performance Comparison
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WALSX vs. SAOAX - 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% |
SAOAX Guggenheim Alpha Opportunity Fund | 10.14% | -2.00% | 10.49% | 8.81% | -8.66% | 9.70% |
Returns By Period
In the year-to-date period, WALSX achieves a 1.55% return, which is significantly lower than SAOAX's 10.14% return.
WALSX
- 1D
- -0.72%
- 1M
- -8.45%
- YTD
- 1.55%
- 6M
- -0.56%
- 1Y
- -7.36%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
SAOAX
- 1D
- -0.44%
- 1M
- 0.00%
- YTD
- 10.14%
- 6M
- 11.36%
- 1Y
- 4.23%
- 3Y*
- 7.96%
- 5Y*
- 4.58%
- 10Y*
- 2.89%
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WALSX vs. SAOAX - Expense Ratio Comparison
WALSX has a 1.75% expense ratio, which is lower than SAOAX's 1.76% expense ratio.
Return for Risk
WALSX vs. SAOAX — Risk / Return Rank
WALSX
SAOAX
WALSX vs. SAOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Long/Short Alpha Fund (WALSX) and Guggenheim Alpha Opportunity Fund (SAOAX). 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 | SAOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 0.10 | -0.50 |
Sortino ratioReturn per unit of downside risk | -0.48 | 0.66 | -1.14 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | -0.57 | 0.15 | -0.72 |
Martin ratioReturn relative to average drawdown | -1.06 | 0.73 | -1.79 |
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 | SAOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.10 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.30 | +0.01 |
Correlation
The correlation between WALSX and SAOAX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WALSX vs. SAOAX - Dividend Comparison
WALSX has not paid dividends to shareholders, while SAOAX's dividend yield for the trailing twelve months is around 0.65%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SAOAX Guggenheim Alpha Opportunity Fund | 0.65% | 0.71% | 1.06% | 0.62% | 0.72% | 0.82% | 1.22% | 0.92% | 1.17% | 7.07% | 0.03% |
Drawdowns
WALSX vs. SAOAX - Drawdown Comparison
The maximum WALSX drawdown since its inception was -25.28%, smaller than the maximum SAOAX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for WALSX and SAOAX.
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Drawdown Indicators
| WALSX | SAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -52.28% | +27.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -35.08% | +20.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.90% | — |
Current DrawdownCurrent decline from peak | -22.03% | -0.47% | -21.56% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -8.77% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 6.97% | +1.00% |
Volatility
WALSX vs. SAOAX - Volatility Comparison
Wasatch Long/Short Alpha Fund (WALSX) has a higher volatility of 5.19% compared to Guggenheim Alpha Opportunity Fund (SAOAX) at 2.82%. This indicates that WALSX's price experiences larger fluctuations and is considered to be riskier than SAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WALSX | SAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 2.82% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 6.04% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 61.36% | -43.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 28.68% | -12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 21.13% | -4.83% |