WMRIX vs. WTAIX

Last updated Jun 23, 2026

WMRIX (Wilmington Real Asset Fund) and WTAIX (Wilmington Municipal Bond Fund) are both mutual funds - WMRIX is a Global Allocation fund managed by Wilmington Funds, while WTAIX is a Municipal Bonds fund managed by Wilmington Funds. Over the past 10 years, WMRIX returned 5.47%/yr vs 1.50%/yr for WTAIX. At a 0.07 correlation, their price movements are largely independent. WMRIX charges 0.64%/yr vs 0.49%/yr for WTAIX.

Performance

WMRIX vs. WTAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wilmington Real Asset Fund (WMRIX) and Wilmington Municipal Bond Fund (WTAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMRIX achieves a 11.89% return, which is significantly higher than WTAIX's 0.88% return. Over the past 10 years, WMRIX has outperformed WTAIX with an annualized return of 5.47%, while WTAIX has yielded a comparatively lower 1.50% annualized return.

WMRIX

• 1D: -0.49%
• 1M: -4.50%
• YTD: 11.89%
• 6M: 12.19%
• 1Y: 16.83%
• 3Y*: 9.91%
• 5Y*: 5.46%
• 10Y*: 5.47%

WTAIX

• 1D: 0.08%
• 1M: 1.21%
• YTD: 0.88%
• 6M: 1.19%
• 1Y: 5.35%
• 3Y*: 3.26%
• 5Y*: 0.66%
• 10Y*: 1.50%

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

WMRIX vs. WTAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WMRIX Wilmington Real Asset Fund	11.89%	12.79%	2.57%	1.12%	-8.03%	21.49%	-2.19%	16.85%	-7.21%	11.81%
WTAIX Wilmington Municipal Bond Fund	0.88%	5.05%	0.73%	5.14%	-8.01%	0.55%	2.60%	7.12%	0.86%	4.30%

Correlation

The correlation between WMRIX and WTAIX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 16, 2003	0.07

The correlation between WMRIX and WTAIX shifts across timeframes, from 0.05 (1 year) to 0.16 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

WMRIX vs. WTAIX — Risk / Return Rank

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

WMRIX

WMRIX Risk / Return Rank: 47
WMRIX Sharpe Ratio Rank: 47
WMRIX Sortino Ratio Rank: 42
WMRIX Omega Ratio Rank: 42
WMRIX Calmar Ratio Rank: 51
WMRIX Martin Ratio Rank: 56

WTAIX

WTAIX Risk / Return Rank: 65
WTAIX Sharpe Ratio Rank: 86
WTAIX Sortino Ratio Rank: 89
WTAIX Omega Ratio Rank: 93
WTAIX Calmar Ratio Rank: 31
WTAIX Martin Ratio Rank: 27

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.

WMRIX vs. WTAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wilmington Real Asset Fund (WMRIX) and Wilmington Municipal Bond Fund (WTAIX). 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.

	WMRIX	WTAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.58	-0.73
Sortino ratio: Return per unit of downside risk	2.50	3.97	-1.47
Omega ratio: Gain probability vs. loss probability	1.33	1.68	-0.35
Calmar ratio: Return relative to maximum drawdown	2.61	1.95	+0.67
Martin ratio: Return relative to average drawdown	10.58	5.86	+4.71

WMRIX vs. WTAIX - Sharpe Ratio Comparison

The current WMRIX Sharpe Ratio is 1.85, which is comparable to the WTAIX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of WMRIX and WTAIX, 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

WMRIX vs. WTAIX - Drawdown Comparison

The maximum WMRIX drawdown since its inception was -37.84%, which is greater than WTAIX's maximum drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for WMRIX and WTAIX.

Drawdown Indicators

	WMRIX	WTAIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.84%	-12.35%	-25.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.32%	-2.76%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	-10.95%	-4.87%	-6.08%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-12.35%	-9.68%
Max Drawdown (10Y) Largest decline over 10 years	-31.27%	-12.35%	-18.92%
Current Drawdown Current decline from peak	-6.32%	-1.06%	-5.26%
Average Drawdown Average peak-to-trough decline	-7.17%	-1.63%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	0.91%	+0.67%

Volatility

WMRIX vs. WTAIX - Volatility Comparison

Wilmington Real Asset Fund (WMRIX) has a higher volatility of 1.86% compared to Wilmington Municipal Bond Fund (WTAIX) at 0.61%. This indicates that WMRIX's price experiences larger fluctuations and is considered to be riskier than WTAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMRIX	WTAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	0.61%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	6.78%	1.66%	+5.12%
Volatility (1Y) Calculated over the trailing 1-year period	8.91%	2.08%	+6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.48%	3.08%	+8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.51%	3.43%	+9.08%

WMRIX vs. WTAIX - Expense Ratio Comparison

WMRIX has a 0.64% expense ratio, which is higher than WTAIX's 0.49% expense ratio.

Dividends

WMRIX vs. WTAIX - Dividend Comparison

WMRIX's dividend yield for the trailing twelve months is around 6.37%, more than WTAIX's 2.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WMRIX Wilmington Real Asset Fund	6.37%	7.15%	1.02%	3.51%	6.07%	9.29%	1.99%	3.03%	2.84%	2.73%	0.00%	5.31%
WTAIX Wilmington Municipal Bond Fund	2.68%	2.85%	2.11%	2.03%	1.45%	1.68%	1.72%	3.84%	2.15%	2.92%	2.63%	3.81%

Frequently Asked Questions

Can I hold both WMRIX and WTAIX in my portfolio?

WMRIX and WTAIX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMRIX or WTAIX?

WMRIX has higher volatility (1.86%) compared to WTAIX (0.61%). In terms of maximum drawdown, WMRIX dropped -37.84% vs WTAIX's -12.35%.

Which has better risk-adjusted returns?

WTAIX currently has the higher Sharpe Ratio (2.58 vs 1.85), 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.