WCEIX vs. NAINX
WCEIX (Virtus Westchester Event-Driven Fund) and NAINX (Virtus Tactical Allocation Fund) are both mutual funds - WCEIX is a Event Driven fund managed by Virtus, while NAINX is a Diversified Portfolio fund managed by Virtus. Over the past 10 years, WCEIX returned 4.62%/yr vs 7.65%/yr for NAINX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. WCEIX charges 1.63%/yr vs 1.00%/yr for NAINX.
Performance
WCEIX vs. NAINX - Performance Comparison
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Returns By Period
In the year-to-date period, WCEIX achieves a 1.26% return, which is significantly higher than NAINX's -0.04% return. Over the past 10 years, WCEIX has underperformed NAINX with an annualized return of 4.62%, while NAINX has yielded a comparatively higher 7.65% annualized return.
WCEIX
- 1D
- 0.00%
- 1M
- -0.29%
- 6M
- 0.97%
- YTD
- 1.26%
- 1Y
- 3.23%
- 3Y*
- 5.82%
- 5Y*
- 3.19%
- 10Y*
- 4.62%
- ALL TIME*
- 3.88%
NAINX
- 1D
- 0.73%
- 1M
- -1.84%
- 6M
- -0.45%
- YTD
- -0.04%
- 1Y
- 0.10%
- 3Y*
- 8.14%
- 5Y*
- 1.47%
- 10Y*
- 7.65%
- ALL TIME*
- 6.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WCEIX vs. NAINX - 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% |
NAINX Virtus Tactical Allocation Fund | -0.04% | 6.83% | 14.00% | 22.38% | -28.48% | 6.63% | 31.47% | 28.49% | -7.19% | 19.84% |
Correlation
The correlation between WCEIX and NAINX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2014 | 0.61 |
The correlation between WCEIX and NAINX shifts across timeframes, from 0.49 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCEIX vs. NAINX — Risk / Return Rank
WCEIX
NAINX
WCEIX vs. NAINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Westchester Event-Driven Fund (WCEIX) and Virtus Tactical Allocation Fund (NAINX). 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 | NAINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.09 | +2.50 |
| Martin ratioReturn relative to average drawdown | 7.77 | -0.28 | +8.05 |
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Drawdowns
WCEIX vs. NAINX - Drawdown Comparison
The maximum WCEIX drawdown since its inception was -21.65%, smaller than the maximum NAINX drawdown of -36.50%. Use the drawdown chart below to compare losses from any high point for WCEIX and NAINX.
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Drawdown Indicators
| WCEIX | NAINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.65% | -36.50% | +14.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -10.19% | +8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -11.79% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -7.95% | -36.50% | +28.55% |
Max Drawdown (10Y)Largest decline over 10 years | -21.65% | -36.50% | +14.85% |
Current DrawdownCurrent decline from peak | -0.38% | -2.30% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -5.26% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 3.13% | -2.71% |
Volatility
WCEIX vs. NAINX - Volatility Comparison
The current volatility for Virtus Westchester Event-Driven Fund (WCEIX) is 0.89%, while Virtus Tactical Allocation Fund (NAINX) has a volatility of 2.38%. This indicates that WCEIX experiences smaller price fluctuations and is considered to be less risky than NAINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCEIX | NAINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 2.38% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 7.97% | -5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 9.65% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 13.78% | -8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 13.30% | -6.57% |
WCEIX vs. NAINX - Expense Ratio Comparison
WCEIX has a 1.63% expense ratio, which is higher than NAINX's 1.00% expense ratio.
Dividends
WCEIX vs. NAINX - Dividend Comparison
WCEIX's dividend yield for the trailing twelve months is around 11.19%, less than NAINX's 16.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAINX Virtus Tactical Allocation Fund | 16.05% | 15.87% | 13.38% | 1.94% | 7.34% | 7.54% | 2.06% | 2.24% | 4.41% | 2.61% | 10.78% | 7.34% |
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
WCEIX and NAINX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAINX has higher volatility (2.38%) compared to WCEIX (0.89%). In terms of maximum drawdown, WCEIX dropped -21.65% vs NAINX's -36.50%.
WCEIX currently has the higher Sharpe Ratio (1.06 vs -0.09), 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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