WRAIX vs. BIVIX
Compare and contrast key facts about Wilmington Global Alpha Equities Fund (WRAIX) and Invenomic Fund Institutional Class (BIVIX).
WRAIX is managed by Wilmington Funds. It was launched on Jan 11, 2012. BIVIX is an actively managed fund by Invenomic. It was launched on Jun 19, 2017.
Performance
WRAIX vs. BIVIX - Performance Comparison
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WRAIX vs. BIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WRAIX Wilmington Global Alpha Equities Fund | -0.83% | 9.13% | 7.74% | 7.73% | -3.41% | 6.52% | 1.04% | 12.34% | -2.67% | 3.87% |
BIVIX Invenomic Fund Institutional Class | 3.73% | 4.63% | -8.81% | 16.80% | 50.01% | 63.81% | 11.46% | 11.59% | 3.68% | 8.93% |
Returns By Period
In the year-to-date period, WRAIX achieves a -0.83% return, which is significantly lower than BIVIX's 3.73% return.
WRAIX
- 1D
- 1.86%
- 1M
- -2.60%
- YTD
- -0.83%
- 6M
- 0.53%
- 1Y
- 5.97%
- 3Y*
- 7.56%
- 5Y*
- 4.96%
- 10Y*
- 4.97%
BIVIX
- 1D
- -2.18%
- 1M
- 2.00%
- YTD
- 3.73%
- 6M
- 8.84%
- 1Y
- 5.01%
- 3Y*
- 1.21%
- 5Y*
- 16.44%
- 10Y*
- —
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WRAIX vs. BIVIX - Expense Ratio Comparison
WRAIX has a 1.24% expense ratio, which is lower than BIVIX's 3.17% expense ratio.
Return for Risk
WRAIX vs. BIVIX — Risk / Return Rank
WRAIX
BIVIX
WRAIX vs. BIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Global Alpha Equities Fund (WRAIX) and Invenomic Fund Institutional Class (BIVIX). 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.
| WRAIX | BIVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.23 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.11 | 0.52 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.33 | +0.94 |
Martin ratioReturn relative to average drawdown | 5.03 | 0.75 | +4.28 |
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
| WRAIX | BIVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.23 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.03 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.03 | -0.39 |
Correlation
The correlation between WRAIX and BIVIX is 0.06, 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
WRAIX vs. BIVIX - Dividend Comparison
WRAIX's dividend yield for the trailing twelve months is around 0.17%, less than BIVIX's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WRAIX Wilmington Global Alpha Equities Fund | 0.17% | 0.17% | 1.47% | 1.31% | 2.77% | 0.52% | 1.98% | 1.15% | 1.25% | 1.15% | 0.30% | 2.38% |
BIVIX Invenomic Fund Institutional Class | 2.12% | 2.20% | 3.95% | 20.15% | 27.91% | 16.08% | 3.15% | 3.19% | 4.79% | 1.21% | 0.00% | 0.00% |
Drawdowns
WRAIX vs. BIVIX - Drawdown Comparison
The maximum WRAIX drawdown since its inception was -15.44%, smaller than the maximum BIVIX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for WRAIX and BIVIX.
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Drawdown Indicators
| WRAIX | BIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -18.32% | +2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -13.71% | +8.68% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -17.23% | +7.99% |
Max Drawdown (10Y)Largest decline over 10 years | -15.44% | — | — |
Current DrawdownCurrent decline from peak | -3.06% | -2.81% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -5.75% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 6.01% | -4.74% |
Volatility
WRAIX vs. BIVIX - Volatility Comparison
The current volatility for Wilmington Global Alpha Equities Fund (WRAIX) is 3.40%, while Invenomic Fund Institutional Class (BIVIX) has a volatility of 7.80%. This indicates that WRAIX experiences smaller price fluctuations and is considered to be less risky than BIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRAIX | BIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 7.80% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 16.76% | -11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.26% | 20.78% | -12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 16.09% | -9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 16.61% | -9.91% |