WCFRX vs. MERIX
WCFRX (Virtus Westchester Credit Event Fund) and MERIX (The Merger Fund Class I) are both Event Driven funds from Virtus. Over the past 5 years, WCFRX returned 3.15%/yr vs 4.00%/yr for MERIX. Their 0.32 correlation means their historical movements had little consistent relationship. WCFRX charges 1.90%/yr vs 1.32%/yr for MERIX.
Performance
WCFRX vs. MERIX - Performance Comparison
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Returns By Period
In the year-to-date period, WCFRX achieves a 0.74% return, which is significantly lower than MERIX's 1.71% return.
WCFRX
- 1D
- 0.09%
- 1M
- -0.34%
- 6M
- 0.55%
- YTD
- 0.74%
- 1Y
- 1.83%
- 3Y*
- 4.97%
- 5Y*
- 3.15%
- 10Y*
- —
- ALL TIME*
- 5.45%
MERIX
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.59%
- YTD
- 1.71%
- 1Y
- 4.05%
- 3Y*
- 6.23%
- 5Y*
- 4.00%
- 10Y*
- 4.25%
- ALL TIME*
- 3.64%
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 |
WCFRX vs. MERIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WCFRX Virtus Westchester Credit Event Fund | 0.74% | 4.37% | 6.83% | 9.23% | -5.28% | 7.08% | 16.26% | 12.60% | -3.23% |
MERIX The Merger Fund Class I | 1.71% | 8.41% | 3.54% | 4.51% | 1.01% | 0.10% | 5.14% | 6.32% | 7.98% |
Correlation
The correlation between WCFRX and MERIX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2018 | 0.32 |
Over the past year, the correlation between WCFRX and MERIX has dropped to 0.08 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
WCFRX vs. MERIX — Risk / Return Rank
WCFRX
MERIX
WCFRX vs. MERIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Westchester Credit Event Fund (WCFRX) and The Merger Fund Class I (MERIX). 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.
| WCFRX | MERIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.60 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 8.69 | -7.27 |
| Martin ratioReturn relative to average drawdown | 3.49 | 32.50 | -29.01 |
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Drawdowns
WCFRX vs. MERIX - Drawdown Comparison
The maximum WCFRX drawdown since its inception was -23.56%, which is greater than MERIX's maximum drawdown of -9.33%. Use the drawdown chart below to compare losses from any high point for WCFRX and MERIX.
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Drawdown Indicators
| WCFRX | MERIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -9.33% | -14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -0.47% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -3.85% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -3.85% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.33% | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.23% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -1.01% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.12% | +0.41% |
Volatility
WCFRX vs. MERIX - Volatility Comparison
Virtus Westchester Credit Event Fund (WCFRX) has a higher volatility of 0.81% compared to The Merger Fund Class I (MERIX) at 0.54%. This indicates that WCFRX's price experiences larger fluctuations and is considered to be riskier than MERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCFRX | MERIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.54% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.19% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 1.48% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 3.56% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.52% | 3.84% | +2.68% |
WCFRX vs. MERIX - Expense Ratio Comparison
WCFRX has a 1.90% expense ratio, which is higher than MERIX's 1.32% expense ratio.
Dividends
WCFRX vs. MERIX - Dividend Comparison
WCFRX's dividend yield for the trailing twelve months is around 7.61%, less than MERIX's 7.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MERIX The Merger Fund Class I | 7.82% | 7.95% | 3.75% | 2.91% | 4.75% | 0.27% | 3.64% | 1.34% | 4.85% | 0.98% | 0.89% | 1.63% |
WCFRX Virtus Westchester Credit Event Fund | 7.61% | 5.82% | 5.33% | 4.15% | 0.21% | 13.79% | 0.90% | 2.99% | 1.43% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WCFRX and MERIX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCFRX has higher volatility (0.81%) compared to MERIX (0.54%). In terms of maximum drawdown, WCFRX dropped -23.56% vs MERIX's -9.33%.
MERIX currently has the higher Sharpe Ratio (2.74 vs 0.98), 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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