WALSX vs. VMNIX
Compare and contrast key facts about Wasatch Long/Short Alpha Fund (WALSX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX).
WALSX is managed by Wasatch. It was launched on Sep 30, 2021. VMNIX is managed by Vanguard. It was launched on Oct 19, 1998.
Performance
WALSX vs. VMNIX - Performance Comparison
Loading graphics...
WALSX vs. VMNIX - 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% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 6.12% | 9.36% | 5.84% | 12.33% | 13.47% | 8.84% |
Returns By Period
In the year-to-date period, WALSX achieves a 1.55% return, which is significantly lower than VMNIX's 6.12% return.
WALSX
- 1D
- -0.72%
- 1M
- -8.45%
- YTD
- 1.55%
- 6M
- -0.56%
- 1Y
- -7.36%
- 3Y*
- 5.14%
- 5Y*
- —
- 10Y*
- —
VMNIX
- 1D
- 0.09%
- 1M
- 3.02%
- YTD
- 6.12%
- 6M
- 8.21%
- 1Y
- 16.09%
- 3Y*
- 11.80%
- 5Y*
- 12.53%
- 10Y*
- 4.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WALSX vs. VMNIX - Expense Ratio Comparison
WALSX has a 1.75% expense ratio, which is higher than VMNIX's 1.25% expense ratio.
Return for Risk
WALSX vs. VMNIX — Risk / Return Rank
WALSX
VMNIX
WALSX vs. VMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Long/Short Alpha Fund (WALSX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX). 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 | VMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 2.20 | -2.61 |
Sortino ratioReturn per unit of downside risk | -0.48 | 3.25 | -3.73 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.40 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.37 | -3.95 |
Martin ratioReturn relative to average drawdown | -1.06 | 9.61 | -10.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| WALSX | VMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 2.20 | -2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.75 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.31 | 0.00 |
Correlation
The correlation between WALSX and VMNIX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
WALSX vs. VMNIX - Dividend Comparison
WALSX has not paid dividends to shareholders, while VMNIX's dividend yield for the trailing twelve months is around 3.37%.
| 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% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 3.37% | 3.59% | 5.67% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 1.00% | 1.16% | 0.45% | 0.10% |
Drawdowns
WALSX vs. VMNIX - Drawdown Comparison
The maximum WALSX drawdown since its inception was -25.28%, smaller than the maximum VMNIX drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for WALSX and VMNIX.
Loading graphics...
Drawdown Indicators
| WALSX | VMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -27.90% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -4.95% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -22.03% | 0.00% | -22.03% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -8.82% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 1.73% | +6.24% |
Volatility
WALSX vs. VMNIX - Volatility Comparison
Wasatch Long/Short Alpha Fund (WALSX) has a higher volatility of 5.19% compared to Vanguard Market Neutral Fund Institutional Shares (VMNIX) at 1.54%. This indicates that WALSX's price experiences larger fluctuations and is considered to be riskier than VMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| WALSX | VMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 1.54% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 5.73% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 7.59% | +10.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 7.19% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 6.35% | +9.95% |