WCFRX vs. VARBX
Compare and contrast key facts about Virtus Westchester Credit Event Fund (WCFRX) and Vivaldi Merger Arbitrage Fund Class I (VARBX).
WCFRX is managed by Virtus. It was launched on Dec 28, 2017. VARBX is managed by First Trust. It was launched on Oct 1, 2015.
Performance
WCFRX vs. VARBX - Performance Comparison
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WCFRX vs. VARBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WCFRX Virtus Westchester Credit Event Fund | -0.85% | 4.37% | 6.83% | 9.23% | -5.28% | 7.08% | 16.26% | 12.60% | -3.23% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 0.85% | 6.06% | 12.64% | 3.30% | 2.38% | 5.42% | 4.00% | 4.28% | 3.92% |
Returns By Period
In the year-to-date period, WCFRX achieves a -0.85% return, which is significantly lower than VARBX's 0.85% return.
WCFRX
- 1D
- 0.00%
- 1M
- -0.47%
- YTD
- -0.85%
- 6M
- -1.05%
- 1Y
- 2.49%
- 3Y*
- 5.44%
- 5Y*
- 3.06%
- 10Y*
- —
VARBX
- 1D
- 0.09%
- 1M
- 0.47%
- YTD
- 0.85%
- 6M
- 2.21%
- 1Y
- 5.56%
- 3Y*
- 7.36%
- 5Y*
- 5.39%
- 10Y*
- 4.45%
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WCFRX vs. VARBX - Expense Ratio Comparison
WCFRX has a 1.90% expense ratio, which is higher than VARBX's 1.81% expense ratio.
Return for Risk
WCFRX vs. VARBX — Risk / Return Rank
WCFRX
VARBX
WCFRX vs. VARBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Westchester Credit Event Fund (WCFRX) and Vivaldi Merger Arbitrage Fund Class I (VARBX). 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.
| WCFRX | VARBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 4.06 | -2.92 |
Sortino ratioReturn per unit of downside risk | 1.53 | 6.90 | -5.37 |
Omega ratioGain probability vs. loss probability | 1.25 | 2.36 | -1.11 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 8.71 | -7.56 |
Martin ratioReturn relative to average drawdown | 4.05 | 37.63 | -33.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WCFRX | VARBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 4.06 | -2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 1.64 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.40 | -0.57 |
Correlation
The correlation between WCFRX and VARBX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WCFRX vs. VARBX - Dividend Comparison
WCFRX's dividend yield for the trailing twelve months is around 6.88%, more than VARBX's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WCFRX Virtus Westchester Credit Event Fund | 6.88% | 5.82% | 5.33% | 4.15% | 0.21% | 13.79% | 0.90% | 2.99% | 1.43% | 0.00% | 0.00% | 0.00% |
VARBX Vivaldi Merger Arbitrage Fund Class I | 5.99% | 6.04% | 12.59% | 4.07% | 0.75% | 8.42% | 0.81% | 5.54% | 2.15% | 1.70% | 0.06% | 0.04% |
Drawdowns
WCFRX vs. VARBX - Drawdown Comparison
The maximum WCFRX drawdown since its inception was -23.56%, which is greater than VARBX's maximum drawdown of -5.12%. Use the drawdown chart below to compare losses from any high point for WCFRX and VARBX.
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Drawdown Indicators
| WCFRX | VARBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -5.12% | -18.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -0.64% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -1.79% | -7.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.12% | — |
Current DrawdownCurrent decline from peak | -1.79% | 0.00% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -0.57% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.15% | +0.44% |
Volatility
WCFRX vs. VARBX - Volatility Comparison
Virtus Westchester Credit Event Fund (WCFRX) has a higher volatility of 0.69% compared to Vivaldi Merger Arbitrage Fund Class I (VARBX) at 0.33%. This indicates that WCFRX's price experiences larger fluctuations and is considered to be riskier than VARBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCFRX | VARBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.33% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 0.71% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 1.35% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 3.31% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.64% | 3.35% | +3.29% |