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WAYEX vs. PWLIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

WAYEX vs. PWLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waycross Long/Short Equity Fund (WAYEX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WAYEX achieves a 0.78% return, which is significantly higher than PWLIX's -0.41% return. Over the past 10 years, WAYEX has outperformed PWLIX with an annualized return of 9.88%, while PWLIX has yielded a comparatively lower 4.60% annualized return.


WAYEX

1D
-0.33%
1M
1.69%
YTD
0.78%
6M
0.54%
1Y
11.56%
3Y*
15.07%
5Y*
8.72%
10Y*
9.88%

PWLIX

1D
0.41%
1M
-2.79%
YTD
-0.41%
6M
-1.48%
1Y
-0.18%
3Y*
4.67%
5Y*
4.35%
10Y*
4.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WAYEX vs. PWLIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
WAYEX
Waycross Long/Short Equity Fund
0.78%13.16%22.40%18.99%-11.66%11.43%22.27%21.17%-8.80%13.05%
PWLIX
PIMCO RAE Worldwide Long/Short PLUS Fund
-0.41%4.64%4.65%4.04%4.33%15.15%-12.66%9.60%0.49%11.80%

Correlation

The correlation between WAYEX and PWLIX is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.25

Correlation (3Y)
Calculated over the trailing 3-year period

-0.16

Correlation (5Y)
Calculated over the trailing 5-year period

-0.11

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since May 12, 2015

0.08

The correlation between WAYEX and PWLIX shifts across timeframes, from -0.25 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

WAYEX vs. PWLIX — Risk / Return Rank

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

WAYEX
WAYEX Risk / Return Rank: 2525
Overall Rank
WAYEX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
WAYEX Sortino Ratio Rank: 3030
Sortino Ratio Rank
WAYEX Omega Ratio Rank: 2929
Omega Ratio Rank
WAYEX Calmar Ratio Rank: 1717
Calmar Ratio Rank
WAYEX Martin Ratio Rank: 2222
Martin Ratio Rank

PWLIX
PWLIX Risk / Return Rank: 22
Overall Rank
PWLIX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
PWLIX Sortino Ratio Rank: 22
Sortino Ratio Rank
PWLIX Omega Ratio Rank: 22
Omega Ratio Rank
PWLIX Calmar Ratio Rank: 22
Calmar Ratio Rank
PWLIX Martin Ratio Rank: 22
Martin Ratio Rank
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.

WAYEX vs. PWLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waycross Long/Short Equity Fund (WAYEX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). 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.


WAYEXPWLIXDifference
Sharpe ratioReturn per unit of total volatility

+1.58

Sortino ratioReturn per unit of downside risk

+2.25

Omega ratioGain probability vs. loss probability

1.28

1.00

+0.27

Calmar ratioReturn relative to maximum drawdown

1.47

-0.02

+1.49

Martin ratioReturn relative to average drawdown

5.62

-0.06

+5.68

WAYEX vs. PWLIX - Sharpe Ratio Comparison

The current WAYEX Sharpe Ratio is 1.55, which is higher than the PWLIX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of WAYEX and PWLIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


WAYEXPWLIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

-0.02

+1.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.49

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.86

0.51

+0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.43

+0.30

Drawdowns

WAYEX vs. PWLIX - Drawdown Comparison

The maximum WAYEX drawdown since its inception was -20.77%, smaller than the maximum PWLIX drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for WAYEX and PWLIX.


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Drawdown Indicators


WAYEXPWLIXDifference

Max Drawdown

Largest peak-to-trough decline

-20.77%

-26.92%

+6.15%

Max Drawdown (1Y)

Largest decline over 1 year

-8.05%

-9.43%

+1.38%

Max Drawdown (3Y)

Largest decline over 3 years

-10.83%

-11.74%

+0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-17.31%

-11.74%

-5.57%

Max Drawdown (10Y)

Largest decline over 10 years

-20.77%

-26.92%

+6.15%

Current Drawdown

Current decline from peak

-0.88%

-9.06%

+8.18%

Average Drawdown

Average peak-to-trough decline

-4.13%

-4.18%

+0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

3.22%

-1.12%

Volatility

WAYEX vs. PWLIX - Volatility Comparison

The current volatility for Waycross Long/Short Equity Fund (WAYEX) is 2.35%, while PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) has a volatility of 2.58%. This indicates that WAYEX experiences smaller price fluctuations and is considered to be less risky than PWLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


WAYEXPWLIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.35%

2.58%

-0.23%

Volatility (6M)

Calculated over the trailing 6-month period

5.65%

6.55%

-0.90%

Volatility (1Y)

Calculated over the trailing 1-year period

7.60%

8.43%

-0.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.38%

8.96%

+1.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.57%

9.00%

+2.57%

WAYEX vs. PWLIX - Expense Ratio Comparison

WAYEX has a 2.27% expense ratio, which is higher than PWLIX's 1.19% expense ratio.


Dividends

WAYEX vs. PWLIX - Dividend Comparison

WAYEX's dividend yield for the trailing twelve months is around 5.25%, less than PWLIX's 6.67% yield.


PositionTTM20252024202320222021202020192018201720162015
PWLIX
PIMCO RAE Worldwide Long/Short PLUS Fund
6.67%6.65%4.75%5.51%14.75%11.99%7.31%6.79%0.39%10.82%4.16%3.61%
WAYEX
Waycross Long/Short Equity Fund
5.25%5.29%12.41%2.86%0.00%5.33%1.17%1.05%0.00%1.01%0.00%0.00%

Frequently Asked Questions


WAYEX and PWLIX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PWLIX has higher volatility (2.58%) compared to WAYEX (2.35%). In terms of maximum drawdown, WAYEX dropped -20.77% vs PWLIX's -26.92%.

WAYEX currently has the higher Sharpe Ratio (1.55 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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