WRAIX vs. QLFIX

Last updated Jun 3, 2026

WRAIX (Wilmington Global Alpha Equities Fund) and QLFIX (AQR LSE Fusion Fund Class I) are both Long-Short funds. A 0.64 correlation means they provide meaningful diversification when combined. WRAIX charges 1.24%/yr vs 6.30%/yr for QLFIX.

Performance

WRAIX vs. QLFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wilmington Global Alpha Equities Fund (WRAIX) and AQR LSE Fusion Fund Class I (QLFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WRAIX achieves a 3.69% return, which is significantly higher than QLFIX's 0.75% return.

WRAIX

• 1D: -0.07%
• 1M: 1.64%
• YTD: 3.69%
• 6M: 4.16%
• 1Y: 8.07%
• 3Y*: 8.65%
• 5Y*: 5.39%
• 10Y*: 5.40%

QLFIX

• 1D: 2.11%
• 1M: 6.60%
• YTD: 0.75%
• 6M: 3.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WRAIX vs. QLFIX - Yearly Performance Comparison

	2026 (YTD)	2025
WRAIX Wilmington Global Alpha Equities Fund	3.69%	2.24%
QLFIX AQR LSE Fusion Fund Class I	0.75%	6.78%

Correlation

The correlation between WRAIX and QLFIX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.64

Return for Risk

WRAIX vs. QLFIX — Risk / Return Rank

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

WRAIX

WRAIX Risk / Return Rank: 25
WRAIX Sharpe Ratio Rank: 23
WRAIX Sortino Ratio Rank: 23
WRAIX Omega Ratio Rank: 30
WRAIX Calmar Ratio Rank: 20
WRAIX Martin Ratio Rank: 29

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.

WRAIX vs. QLFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wilmington Global Alpha Equities Fund (WRAIX) and AQR LSE Fusion Fund Class I (QLFIX). 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	QLFIX	Difference
Sharpe ratio Return per unit of total volatility	1.40	—	—
Sortino ratio Return per unit of downside risk	2.05	—	—
Omega ratio Gain probability vs. loss probability	1.29	—	—
Calmar ratio Return relative to maximum drawdown	1.67	—	—
Martin ratio Return relative to average drawdown	7.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WRAIX	QLFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.93	-0.24

Drawdowns

WRAIX vs. QLFIX - Drawdown Comparison

The maximum WRAIX drawdown since its inception was -15.44%, which is greater than QLFIX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for WRAIX and QLFIX.

Drawdown Indicators

	WRAIX	QLFIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.44%	-14.53%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-5.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.44%	—	—
Current Drawdown Current decline from peak	-0.07%	-0.49%	+0.42%
Average Drawdown Average peak-to-trough decline	-1.98%	-5.73%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	—	—

Volatility

Volatility by Period

	WRAIX	QLFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.92%	15.90%	-9.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.47%	15.90%	-9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	15.90%	-9.17%

WRAIX vs. QLFIX - Expense Ratio Comparison

WRAIX has a 1.24% expense ratio, which is lower than QLFIX's 6.30% expense ratio.

Dividends

WRAIX vs. QLFIX - Dividend Comparison

WRAIX's dividend yield for the trailing twelve months is around 0.17%, less than QLFIX's 0.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QLFIX AQR LSE Fusion Fund Class I	0.21%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both WRAIX and QLFIX in my portfolio?

WRAIX and QLFIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.