WRAIX vs. LSEIX
WRAIX (Wilmington Global Alpha Equities Fund) and LSEIX (Persimmon Long/Short Fund) are both Long-Short funds. Over the past 10 years, WRAIX returned 5.43%/yr vs 7.44%/yr for LSEIX. A 0.73 correlation means they provide meaningful diversification when combined. WRAIX charges 1.24%/yr vs 1.91%/yr for LSEIX.
Performance
WRAIX vs. LSEIX - Performance Comparison
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Returns By Period
In the year-to-date period, WRAIX achieves a 2.85% return, which is significantly lower than LSEIX's 7.90% return. Over the past 10 years, WRAIX has underperformed LSEIX with an annualized return of 5.43%, while LSEIX has yielded a comparatively higher 7.44% annualized return.
WRAIX
- 1D
- -0.20%
- 1M
- -0.47%
- YTD
- 2.85%
- 6M
- 2.57%
- 1Y
- 6.97%
- 3Y*
- 8.21%
- 5Y*
- 5.27%
- 10Y*
- 5.43%
LSEIX
- 1D
- -0.27%
- 1M
- 2.07%
- YTD
- 7.90%
- 6M
- 7.16%
- 1Y
- 21.41%
- 3Y*
- 16.05%
- 5Y*
- 9.86%
- 10Y*
- 7.44%
WRAIX vs. LSEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WRAIX Wilmington Global Alpha Equities Fund | 2.85% | 9.13% | 7.74% | 7.73% | -3.41% | 6.52% | 1.04% | 12.34% | -2.67% | 9.75% |
LSEIX Persimmon Long/Short Fund | 7.90% | 12.02% | 17.36% | 15.70% | -9.95% | 14.67% | 8.13% | 5.28% | -6.10% | 13.39% |
Correlation
The correlation between WRAIX and LSEIX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.73 |
The correlation between WRAIX and LSEIX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
WRAIX vs. LSEIX — Risk / Return Rank
WRAIX
LSEIX
WRAIX vs. LSEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Global Alpha Equities Fund (WRAIX) and Persimmon Long/Short Fund (LSEIX). 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 | LSEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 5.73 | -4.25 |
| Martin ratioReturn relative to average drawdown | 6.19 | 22.48 | -16.29 |
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Drawdowns
WRAIX vs. LSEIX - Drawdown Comparison
The maximum WRAIX drawdown since its inception was -15.44%, smaller than the maximum LSEIX drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for WRAIX and LSEIX.
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Drawdown Indicators
| WRAIX | LSEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -19.92% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -3.90% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -13.63% | +8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -13.63% | +4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -15.44% | -19.92% | +4.48% |
Current DrawdownCurrent decline from peak | -0.87% | -0.27% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -4.03% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.99% | +0.21% |
Volatility
WRAIX vs. LSEIX - Volatility Comparison
The current volatility for Wilmington Global Alpha Equities Fund (WRAIX) is 2.05%, while Persimmon Long/Short Fund (LSEIX) has a volatility of 2.40%. This indicates that WRAIX experiences smaller price fluctuations and is considered to be less risky than LSEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRAIX | LSEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 2.40% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.05% | 5.69% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 8.76% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 10.92% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 10.68% | -3.93% |
WRAIX vs. LSEIX - Expense Ratio Comparison
WRAIX has a 1.24% expense ratio, which is lower than LSEIX's 1.91% expense ratio.
Dividends
WRAIX vs. LSEIX - Dividend Comparison
WRAIX's dividend yield for the trailing twelve months is around 0.17%, while LSEIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSEIX Persimmon Long/Short Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.23% | 3.49% | 6.18% | 0.00% | 4.88% |
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 LSEIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSEIX has higher volatility (2.40%) compared to WRAIX (2.05%). In terms of maximum drawdown, WRAIX dropped -15.44% vs LSEIX's -19.92%.
LSEIX currently has the higher Sharpe Ratio (2.56 vs 1.21), 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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