WRAIX vs. RLSIX

Last updated Aug 1, 2026

WRAIX (Wilmington Global Alpha Equities Fund) and RLSIX (RiverPark Long/Short Opportunity Fund) are both Long-Short funds. Over the past 10 years, WRAIX returned 5.40%/yr vs 6.42%/yr for RLSIX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. WRAIX charges 1.24%/yr vs 1.75%/yr for RLSIX.

Performance

WRAIX vs. RLSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wilmington Global Alpha Equities Fund (WRAIX) and RiverPark Long/Short Opportunity Fund (RLSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WRAIX achieves a 4.66% return, which is significantly higher than RLSIX's -3.17% return. Over the past 10 years, WRAIX has underperformed RLSIX with an annualized return of 5.40%, while RLSIX has yielded a comparatively higher 6.42% annualized 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%

RLSIX

• 1D: 1.35%
• 1M: -1.19%
• 6M: -1.12%
• YTD: -3.17%
• 1Y: 1.49%
• 3Y*: 9.67%
• 5Y*: -5.72%
• 10Y*: 6.42%
• ALL TIME*: 6.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RLSIX RiverPark Long/Short Opportunity Fund	$0.00	$0.00	$0.00
WRAIX Wilmington Global Alpha Equities Fund	$0.00	$0.00	$0.00

WRAIX vs. RLSIX - 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%
RLSIX RiverPark Long/Short Opportunity Fund	-3.17%	8.57%	16.06%	43.85%	-53.89%	2.10%	54.74%	20.00%	-2.20%	22.10%

Correlation

The correlation between WRAIX and RLSIX is 0.69, 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.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.63
Correlation (All Time) Calculated using the full available price history since Jan 13, 2012	0.60

The correlation between WRAIX and RLSIX has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.

Return for Risk

WRAIX vs. RLSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WRAIX

WRAIX Risk / Return Rank: 39
WRAIX Sharpe Ratio Rank: 38
WRAIX Sortino Ratio Rank: 39
WRAIX Omega Ratio Rank: 44
WRAIX Calmar Ratio Rank: 33
WRAIX Martin Ratio Rank: 41

RLSIX

RLSIX Risk / Return Rank: 4
RLSIX Sharpe Ratio Rank: 4
RLSIX Sortino Ratio Rank: 4
RLSIX Omega Ratio Rank: 4
RLSIX Calmar Ratio Rank: 4
RLSIX Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WRAIX vs. RLSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wilmington Global Alpha Equities Fund (WRAIX) and RiverPark Long/Short Opportunity Fund (RLSIX). 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	RLSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	-0.02	+1.20
Sortino ratio: Return per unit of downside risk	1.74	0.06	+1.68
Omega ratio: Gain probability vs. loss probability	1.24	1.01	+0.23
Calmar ratio: Return relative to maximum drawdown	1.46	-0.02	+1.48
Martin ratio: Return relative to average drawdown	6.04	-0.05	+6.09

WRAIX vs. RLSIX - Sharpe Ratio Comparison

The current WRAIX Sharpe Ratio is 1.17, which is higher than the RLSIX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of WRAIX and RLSIX, 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

WRAIX vs. RLSIX - Drawdown Comparison

The maximum WRAIX drawdown since its inception was -15.44%, smaller than the maximum RLSIX drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for WRAIX and RLSIX.

Drawdown Indicators

	WRAIX	RLSIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.44%	-60.82%	+45.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.03%	-14.56%	+9.53%
Max Drawdown (3Y) Largest decline over 3 years	-5.03%	-17.62%	+12.59%
Max Drawdown (5Y) Largest decline over 5 years	-9.24%	-60.82%	+51.58%
Max Drawdown (10Y) Largest decline over 10 years	-15.44%	-60.82%	+45.38%
Current Drawdown Current decline from peak	0.00%	-28.20%	+28.20%
Average Drawdown Average peak-to-trough decline	-1.96%	-15.22%	+13.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	5.42%	-4.21%

Volatility

WRAIX vs. RLSIX - Volatility Comparison

The current volatility for Wilmington Global Alpha Equities Fund (WRAIX) is 1.40%, while RiverPark Long/Short Opportunity Fund (RLSIX) has a volatility of 3.43%. This indicates that WRAIX experiences smaller price fluctuations and is considered to be less risky than RLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRAIX	RLSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	3.43%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	5.11%	10.31%	-5.20%
Volatility (1Y) Calculated over the trailing 1-year period	6.26%	12.58%	-6.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.52%	24.95%	-18.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.76%	21.56%	-14.80%

WRAIX vs. RLSIX - Expense Ratio Comparison

WRAIX has a 1.24% expense ratio, which is lower than RLSIX's 1.75% expense ratio.

Dividends

WRAIX vs. RLSIX - Dividend Comparison

WRAIX's dividend yield for the trailing twelve months is around 0.17%, while RLSIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RLSIX RiverPark Long/Short Opportunity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.94%	11.66%	1.26%	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 RLSIX in my portfolio?

WRAIX and RLSIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WRAIX or RLSIX?

RLSIX has higher volatility (3.43%) compared to WRAIX (1.40%). In terms of maximum drawdown, WRAIX dropped -15.44% vs RLSIX's -60.82%.

Which has better risk-adjusted returns?

WRAIX currently has the higher Sharpe Ratio (1.17 vs -0.02), 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.