WRAIX vs. CRIHX
WRAIX (Wilmington Global Alpha Equities Fund) and CRIHX (CRM Long/Short Opportunities Fund) are both Long-Short funds. Over the past 5 years, WRAIX returned 5.37%/yr vs 5.91%/yr for CRIHX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. WRAIX charges 1.24%/yr vs 1.60%/yr for CRIHX.
Performance
WRAIX vs. CRIHX - Performance Comparison
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Returns By Period
In the year-to-date period, WRAIX achieves a 4.66% return, which is significantly lower than CRIHX's 7.80% return.
WRAIX
- 1D
- 0.67%
- 1M
- 0.87%
- 6M
- 3.37%
- YTD
- 4.66%
- 1Y
- 8.15%
- 3Y*
- 8.15%
- 5Y*
- 5.37%
- 10Y*
- 5.40%
- ALL TIME*
- 4.17%
CRIHX
- 1D
- 0.22%
- 1M
- -3.32%
- 6M
- 3.79%
- YTD
- 7.80%
- 1Y
- 15.05%
- 3Y*
- 7.53%
- 5Y*
- 5.91%
- 10Y*
- —
- ALL TIME*
- 5.68%
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 |
WRAIX vs. CRIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WRAIX Wilmington Global Alpha Equities Fund | 4.66% | 9.13% | 7.74% | 7.73% | -3.41% | 6.52% | 1.04% | 12.34% | -2.67% | 9.75% |
CRIHX CRM Long/Short Opportunities Fund | 7.80% | -1.55% | 17.72% | 6.06% | -4.24% | 5.91% | 20.44% | 12.95% | -8.43% | 4.49% |
Correlation
The correlation between WRAIX and CRIHX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2016 | 0.61 |
The correlation between WRAIX and CRIHX has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
WRAIX vs. CRIHX — Risk / Return Rank
WRAIX
CRIHX
WRAIX vs. CRIHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Global Alpha Equities Fund (WRAIX) and CRM Long/Short Opportunities Fund (CRIHX). 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.
| WRAIX | CRIHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.51 | -0.05 |
| Martin ratioReturn relative to average drawdown | 6.04 | 4.19 | +1.85 |
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Drawdowns
WRAIX vs. CRIHX - Drawdown Comparison
The maximum WRAIX drawdown since its inception was -15.44%, smaller than the maximum CRIHX drawdown of -21.33%. Use the drawdown chart below to compare losses from any high point for WRAIX and CRIHX.
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Drawdown Indicators
| WRAIX | CRIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -21.33% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -9.07% | +4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -15.87% | +10.84% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -15.87% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -15.44% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.32% | +7.32% |
Average DrawdownAverage peak-to-trough decline | -1.96% | -4.10% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 3.26% | -2.05% |
Volatility
WRAIX vs. CRIHX - Volatility Comparison
The current volatility for Wilmington Global Alpha Equities Fund (WRAIX) is 1.40%, while CRM Long/Short Opportunities Fund (CRIHX) has a volatility of 3.92%. This indicates that WRAIX experiences smaller price fluctuations and is considered to be less risky than CRIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRAIX | CRIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 3.92% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 10.79% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 14.37% | -8.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 11.27% | -4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 11.21% | -4.45% |
WRAIX vs. CRIHX - Expense Ratio Comparison
WRAIX has a 1.24% expense ratio, which is lower than CRIHX's 1.60% expense ratio.
Dividends
WRAIX vs. CRIHX - Dividend Comparison
WRAIX's dividend yield for the trailing twelve months is around 0.17%, while CRIHX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRIHX CRM Long/Short Opportunities Fund | 0.00% | 0.00% | 8.11% | 2.32% | 1.55% | 0.75% | 8.83% | 0.03% | 1.75% | 0.24% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
WRAIX and CRIHX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRIHX has higher volatility (3.92%) compared to WRAIX (1.40%). In terms of maximum drawdown, WRAIX dropped -15.44% vs CRIHX's -21.33%.
WRAIX currently has the higher Sharpe Ratio (1.17 vs 0.95), 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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