WCEIX vs. EVDIX

Last updated Jun 23, 2026

WCEIX (Virtus Westchester Event-Driven Fund) and EVDIX (Camelot Event-Driven Fund Institutional Class) are both Event Driven funds. Over the past 10 years, WCEIX returned 4.58%/yr vs 7.19%/yr for EVDIX. At a 0.36 correlation, their price movements are largely independent. WCEIX charges 1.63%/yr vs 1.74%/yr for EVDIX.

Performance

WCEIX vs. EVDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Westchester Event-Driven Fund (WCEIX) and Camelot Event-Driven Fund Institutional Class (EVDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCEIX achieves a 1.26% return, which is significantly lower than EVDIX's 2.13% return. Over the past 10 years, WCEIX has underperformed EVDIX with an annualized return of 4.58%, while EVDIX has yielded a comparatively higher 7.19% annualized return.

WCEIX

• 1D: 0.29%
• 1M: 0.19%
• YTD: 1.26%
• 6M: 1.46%
• 1Y: 5.39%
• 3Y*: 6.13%
• 5Y*: 2.40%
• 10Y*: 4.58%

EVDIX

• 1D: 0.00%
• 1M: -1.32%
• YTD: 2.13%
• 6M: 2.55%
• 1Y: 5.99%
• 3Y*: 6.31%
• 5Y*: 5.00%
• 10Y*: 7.19%

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

WCEIX vs. EVDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCEIX Virtus Westchester Event-Driven Fund	1.26%	7.90%	3.24%	5.86%	-2.79%	1.76%	6.53%	11.13%	5.27%	4.72%
EVDIX Camelot Event-Driven Fund Institutional Class	2.13%	9.40%	6.56%	2.50%	3.90%	23.17%	19.27%	7.52%	0.00%	0.00%

Correlation

The correlation between WCEIX and EVDIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 6, 2014	0.36

The correlation between WCEIX and EVDIX shifts across timeframes, from 0.30 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WCEIX vs. EVDIX — Risk / Return Rank

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

WCEIX

WCEIX Risk / Return Rank: 62
WCEIX Sharpe Ratio Rank: 42
WCEIX Sortino Ratio Rank: 51
WCEIX Omega Ratio Rank: 53
WCEIX Calmar Ratio Rank: 87
WCEIX Martin Ratio Rank: 76

EVDIX

EVDIX Risk / Return Rank: 27
EVDIX Sharpe Ratio Rank: 16
EVDIX Sortino Ratio Rank: 17
EVDIX Omega Ratio Rank: 15
EVDIX Calmar Ratio Rank: 48
EVDIX Martin Ratio Rank: 39

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.

WCEIX vs. EVDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Westchester Event-Driven Fund (WCEIX) and Camelot Event-Driven Fund Institutional Class (EVDIX). 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.

	WCEIX	EVDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.07	+0.69
Sortino ratio: Return per unit of downside risk	2.77	1.59	+1.18
Omega ratio: Gain probability vs. loss probability	1.37	1.19	+0.18
Calmar ratio: Return relative to maximum drawdown	4.02	2.54	+1.48
Martin ratio: Return relative to average drawdown	13.34	8.12	+5.21

WCEIX vs. EVDIX - Sharpe Ratio Comparison

The current WCEIX Sharpe Ratio is 1.76, which is higher than the EVDIX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of WCEIX and EVDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WCEIX vs. EVDIX - Drawdown Comparison

The maximum WCEIX drawdown since its inception was -21.65%, smaller than the maximum EVDIX drawdown of -92.23%. Use the drawdown chart below to compare losses from any high point for WCEIX and EVDIX.

Drawdown Indicators

	WCEIX	EVDIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.65%	-92.23%	+70.58%
Max Drawdown (1Y) Largest decline over 1 year	-1.35%	-2.33%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	-4.21%	-92.23%	+88.02%
Max Drawdown (5Y) Largest decline over 5 years	-9.50%	-92.23%	+82.73%
Max Drawdown (10Y) Largest decline over 10 years	-21.65%	-92.23%	+70.58%
Current Drawdown Current decline from peak	-0.29%	-91.23%	+90.94%
Average Drawdown Average peak-to-trough decline	-2.96%	-9.35%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	0.73%	-0.33%

Volatility

WCEIX vs. EVDIX - Volatility Comparison

Virtus Westchester Event-Driven Fund (WCEIX) and Camelot Event-Driven Fund Institutional Class (EVDIX) have volatilities of 1.66% and 1.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCEIX	EVDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	1.72%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	4.17%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	3.09%	5.56%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.12%	522.98%	-517.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.74%	369.73%	-362.99%

WCEIX vs. EVDIX - Expense Ratio Comparison

WCEIX has a 1.63% expense ratio, which is lower than EVDIX's 1.74% expense ratio.

Dividends

WCEIX vs. EVDIX - Dividend Comparison

WCEIX's dividend yield for the trailing twelve months is around 11.19%, more than EVDIX's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVDIX Camelot Event-Driven Fund Institutional Class	0.88%	0.90%	2.72%	6.49%	9.21%	0.00%	1.01%	0.95%	0.00%	0.00%	0.00%	0.00%
WCEIX Virtus Westchester Event-Driven Fund	11.19%	11.33%	3.88%	2.49%	0.21%	8.42%	3.18%	2.34%	5.56%	1.01%	0.87%	3.21%

Frequently Asked Questions

Can I hold both WCEIX and EVDIX in my portfolio?

WCEIX and EVDIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCEIX or EVDIX?

EVDIX has higher volatility (1.72%) compared to WCEIX (1.66%). In terms of maximum drawdown, WCEIX dropped -21.65% vs EVDIX's -92.23%.

Which has better risk-adjusted returns?

WCEIX currently has the higher Sharpe Ratio (1.76 vs 1.07), 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.