WAVLX vs. SUBFX
Compare and contrast key facts about Wavelength Interest Rate Neutral Fund (WAVLX) and Carillon Reams Unconstrained Bond Fund (SUBFX).
WAVLX is managed by Wavelength Funds. It was launched on Sep 29, 2013. SUBFX is managed by Carillon Family of Funds. It was launched on Sep 28, 2011.
Performance
WAVLX vs. SUBFX - Performance Comparison
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WAVLX vs. SUBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAVLX Wavelength Interest Rate Neutral Fund | -0.07% | 9.86% | 5.21% | 7.02% | -11.34% | 1.72% | 8.29% | 13.07% | -1.46% | 5.59% |
SUBFX Carillon Reams Unconstrained Bond Fund | 0.65% | 10.61% | 4.22% | 8.53% | -4.74% | -0.32% | 11.18% | 6.52% | 0.53% | 2.04% |
Returns By Period
In the year-to-date period, WAVLX achieves a -0.07% return, which is significantly lower than SUBFX's 0.65% return. Both investments have delivered pretty close results over the past 10 years, with WAVLX having a 4.01% annualized return and SUBFX not far ahead at 4.06%.
WAVLX
- 1D
- 0.50%
- 1M
- -2.04%
- YTD
- -0.07%
- 6M
- 0.91%
- 1Y
- 7.66%
- 3Y*
- 6.36%
- 5Y*
- 2.44%
- 10Y*
- 4.01%
SUBFX
- 1D
- 0.40%
- 1M
- -1.02%
- YTD
- 0.65%
- 6M
- 1.59%
- 1Y
- 7.17%
- 3Y*
- 6.40%
- 5Y*
- 3.58%
- 10Y*
- 4.06%
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WAVLX vs. SUBFX - Expense Ratio Comparison
WAVLX has a 0.99% expense ratio, which is higher than SUBFX's 0.50% expense ratio.
Return for Risk
WAVLX vs. SUBFX — Risk / Return Rank
WAVLX
SUBFX
WAVLX vs. SUBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wavelength Interest Rate Neutral Fund (WAVLX) and Carillon Reams Unconstrained Bond Fund (SUBFX). 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.
| WAVLX | SUBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.10 | -0.73 |
Sortino ratioReturn per unit of downside risk | 1.97 | 3.15 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.61 | -1.85 |
Martin ratioReturn relative to average drawdown | 8.68 | 13.88 | -5.20 |
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
| WAVLX | SUBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.10 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.66 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.77 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.96 | -0.35 |
Correlation
The correlation between WAVLX and SUBFX is 0.50, 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
WAVLX vs. SUBFX - Dividend Comparison
WAVLX's dividend yield for the trailing twelve months is around 3.63%, less than SUBFX's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAVLX Wavelength Interest Rate Neutral Fund | 3.63% | 3.67% | 4.41% | 4.83% | 3.63% | 2.83% | 2.21% | 4.96% | 2.65% | 2.09% | 2.13% | 2.18% |
SUBFX Carillon Reams Unconstrained Bond Fund | 5.88% | 6.44% | 4.92% | 4.52% | 2.16% | 1.96% | 3.01% | 2.83% | 2.06% | 1.17% | 1.01% | 0.52% |
Drawdowns
WAVLX vs. SUBFX - Drawdown Comparison
The maximum WAVLX drawdown since its inception was -14.39%, which is greater than SUBFX's maximum drawdown of -11.22%. Use the drawdown chart below to compare losses from any high point for WAVLX and SUBFX.
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Drawdown Indicators
| WAVLX | SUBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -11.22% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -2.11% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -11.17% | -3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | -11.22% | -3.17% |
Current DrawdownCurrent decline from peak | -2.35% | -1.17% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -1.47% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.55% | +0.37% |
Volatility
WAVLX vs. SUBFX - Volatility Comparison
Wavelength Interest Rate Neutral Fund (WAVLX) has a higher volatility of 2.08% compared to Carillon Reams Unconstrained Bond Fund (SUBFX) at 1.61%. This indicates that WAVLX's price experiences larger fluctuations and is considered to be riskier than SUBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAVLX | SUBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 1.61% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.20% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 3.56% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 5.43% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 5.26% | +0.02% |