WCAP vs. ACEP

Last updated Jul 30, 2026

WCAP (WarCap Unconstrained Equity ETF) and ACEP (ARS Core Equity Portfolio ETF) are both Large Cap Blend Equities funds. Both are actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. WCAP charges 1.00%/yr vs 0.45%/yr for ACEP.

Performance

WCAP vs. ACEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WarCap Unconstrained Equity ETF (WCAP) and ARS Core Equity Portfolio ETF (ACEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCAP achieves a -10.09% return, which is significantly lower than ACEP's 20.64% return.

WCAP

• 1D: -1.71%
• 1M: -6.43%
• 6M: -8.96%
• YTD: -10.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ACEP

• 1D: -0.98%
• 1M: 0.12%
• 6M: 8.49%
• YTD: 20.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACEP ARS Core Equity Portfolio ETF	$40.05K	$33.44K	$48.30K
WCAP WarCap Unconstrained Equity ETF	$192.07K	$142.51K	$80.15K

WCAP vs. ACEP - Yearly Performance Comparison

	2026 (YTD)	2025
WCAP WarCap Unconstrained Equity ETF	-10.09%	4.20%
ACEP ARS Core Equity Portfolio ETF	20.64%	8.00%

Correlation

The correlation between WCAP and ACEP is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.64

Return for Risk

WCAP vs. ACEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WarCap Unconstrained Equity ETF (WCAP) and ARS Core Equity Portfolio ETF (ACEP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

WCAP vs. ACEP - Drawdown Comparison

The maximum WCAP drawdown since its inception was -15.90%, which is greater than ACEP's maximum drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for WCAP and ACEP.

Drawdown Indicators

	WCAP	ACEP	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-7.06%	-8.84%
Current Drawdown Current decline from peak	-13.15%	-3.65%	-9.50%
Average Drawdown Average peak-to-trough decline	-7.19%	-1.74%	-5.45%

Volatility

Volatility by Period

	WCAP	ACEP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	16.95%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	16.95%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	16.95%	-0.95%

WCAP vs. ACEP - Expense Ratio Comparison

WCAP has a 1.00% expense ratio, which is higher than ACEP's 0.45% expense ratio.

Dividends

WCAP vs. ACEP - Dividend Comparison

WCAP's dividend yield for the trailing twelve months is around 0.04%, less than ACEP's 0.11% yield.

Position	TTM	2025
ACEP ARS Core Equity Portfolio ETF	0.11%	0.14%
WCAP WarCap Unconstrained Equity ETF	0.04%	0.04%

Frequently Asked Questions

Can I hold both WCAP and ACEP in my portfolio?

WCAP and ACEP have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WCAP or ACEP?

On fees, ACEP is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WCAP or ACEP?

ACEP is cheaper with a 0.45% expense ratio, compared with 1.00% for WCAP.

Which ETF pays a higher dividend yield, WCAP or ACEP?

ACEP has the higher dividend yield at 0.11%, compared with 0.04% for WCAP.

What is the main difference between WCAP and ACEP?

They also come from different issuers: WarCap and ARS Investment Partners. Their fees differ too: 1.00% for WCAP and 0.45% for ACEP.