PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WCFRX vs. MERIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WCFRX vs. MERIX

Last updated Jun 23, 2026

WCFRX (Virtus Westchester Credit Event Fund) and MERIX (The Merger Fund Class I) are both Event Driven funds. Over the past 5 years, WCFRX returned 3.17%/yr vs 3.29%/yr for MERIX. At a 0.33 correlation, their price movements are largely independent. WCFRX charges 1.90%/yr vs 1.32%/yr for MERIX.

Performance

WCFRX vs. MERIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Westchester Credit Event Fund (WCFRX) and The Merger Fund Class I (MERIX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WCFRX achieves a 1.18% return, which is significantly lower than MERIX's 1.24% return.

WCFRX

1D
0.07%
1M
0.61%
YTD
1.18%
6M
1.27%
1Y
3.15%
3Y*
5.62%
5Y*
3.17%
10Y*
—

MERIX

1D
0.17%
1M
0.12%
YTD
1.24%
6M
1.36%
1Y
4.97%
3Y*
6.35%
5Y*
3.29%
10Y*
4.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WCFRX vs. MERIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
WCFRX
Virtus Westchester Credit Event Fund		1.18%4.37%6.83%9.23%-5.28%7.08%16.26%12.60%-3.23%
MERIX
The Merger Fund Class I		1.24%8.41%3.54%4.51%1.01%0.10%5.14%6.32%7.98%

Correlation

The correlation between WCFRX and MERIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.18

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

0.26

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2018

0.33

Over the past year, the correlation between WCFRX and MERIX has dropped to 0.11 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Virtus Westchester Credit Event Fund

The Merger Fund Class I

Often compared with WCFRX:
WCFRX vs. RCTIXWCFRX vs. PSTAXWCFRX vs. EMAYXWCFRX vs. AEDNXWCFRX vs. GDLWCFRX vs. ARBNXWCFRX vs. PKSFX
Often compared with MERIX:
MERIX vs. ARBFXMERIX vs. VOOMERIX vs. QLDMERIX vs. BILPXMERIX vs. EMAYXMERIX vs. SPYMERIX vs. EVDAX

Return for Risk

WCFRX vs. MERIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WCFRX
WCFRX Risk / Return Rank: 4949
Overall Rank
WCFRX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
WCFRX Sortino Ratio Rank: 5959
Sortino Ratio Rank
WCFRX Omega Ratio Rank: 5757
Omega Ratio Rank
WCFRX Calmar Ratio Rank: 4848
Calmar Ratio Rank
WCFRX Martin Ratio Rank: 3030
Martin Ratio Rank
MERIX
MERIX Risk / Return Rank: 9898
Overall Rank
MERIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
MERIX Sortino Ratio Rank: 9898
Sortino Ratio Rank
MERIX Omega Ratio Rank: 9696
Omega Ratio Rank
MERIX Calmar Ratio Rank: 9999
Calmar Ratio Rank
MERIX Martin Ratio Rank: 9999
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.

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.

WCFRXMERIXDifference
Sharpe ratioReturn per unit of total volatility
1.91
3.32

-1.41

Sortino ratioReturn per unit of downside risk
2.94
6.16

-3.22

Omega ratioGain probability vs. loss probability

1.38

1.80

-0.42

Calmar ratioReturn relative to maximum drawdown

2.51

10.67

-8.16

Martin ratioReturn relative to average drawdown

6.39

45.87

-39.49

WCFRX vs. MERIX - Sharpe Ratio Comparison

The current WCFRX Sharpe Ratio is 1.91, which is lower than the MERIX Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of WCFRX and MERIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

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.

Loading charts...

Drawdown Indicators

WCFRXMERIXDifference

Max Drawdown

Largest 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%

-4.72%

-4.85%

Max Drawdown (10Y)

Largest decline over 10 years

—

-9.33%

—

Current Drawdown

Current decline from peak

0.00%

-0.12%

+0.12%

Average Drawdown

Average peak-to-trough decline

-4.26%

-1.02%

-3.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.51%

0.11%

+0.40%

Volatility

WCFRX vs. MERIX - Volatility Comparison

The current volatility for Virtus Westchester Credit Event Fund (WCFRX) is 0.56%, while The Merger Fund Class I (MERIX) has a volatility of 0.70%. This indicates that WCFRX experiences smaller price fluctuations and is considered to be less risky than MERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

WCFRXMERIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.56%

0.70%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

1.41%

1.08%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

1.70%

1.51%

+0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.15%

3.64%

+0.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.56%

3.84%

+2.72%

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 7.46%, less than MERIX's 7.86% yield.

PositionTTM20252024202320222021202020192018201720162015
MERIX
The Merger Fund Class I		7.86%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		7.46%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 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MERIX has higher volatility (0.70%) compared to WCFRX (0.56%). In terms of maximum drawdown, WCFRX dropped -23.56% vs MERIX's -9.33%.

MERIX currently has the higher Sharpe Ratio (3.32 vs 1.91), 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.

Portfolio Optimizer

Find the right allocation for WCFRX and MERIX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer