WRAIX vs. WTAIX
WRAIX (Wilmington Global Alpha Equities Fund) and WTAIX (Wilmington Municipal Bond Fund) are both mutual funds - WRAIX is a Long-Short fund managed by Wilmington Funds, while WTAIX is a Municipal Bonds fund managed by Wilmington Funds. Over the past 10 years, WRAIX returned 5.38%/yr vs 1.50%/yr for WTAIX. At a correlation of -0.02, they often move in opposite directions. WRAIX charges 1.24%/yr vs 0.49%/yr for WTAIX.
Performance
WRAIX vs. WTAIX - Performance Comparison
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Returns By Period
In the year-to-date period, WRAIX achieves a 3.06% return, which is significantly higher than WTAIX's 0.88% return. Over the past 10 years, WRAIX has outperformed WTAIX with an annualized return of 5.38%, while WTAIX has yielded a comparatively lower 1.50% annualized return.
WRAIX
- 1D
- 0.27%
- 1M
- -0.27%
- YTD
- 3.06%
- 6M
- 2.99%
- 1Y
- 7.66%
- 3Y*
- 8.10%
- 5Y*
- 5.44%
- 10Y*
- 5.38%
WTAIX
- 1D
- 0.08%
- 1M
- 1.21%
- YTD
- 0.88%
- 6M
- 1.19%
- 1Y
- 5.35%
- 3Y*
- 3.26%
- 5Y*
- 0.66%
- 10Y*
- 1.50%
WRAIX vs. WTAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WRAIX Wilmington Global Alpha Equities Fund | 3.06% | 9.13% | 7.74% | 7.73% | -3.41% | 6.52% | 1.04% | 12.34% | -2.67% | 9.75% |
WTAIX Wilmington Municipal Bond Fund | 0.88% | 5.05% | 0.73% | 5.14% | -8.01% | 0.55% | 2.60% | 7.12% | 0.86% | 4.30% |
Correlation
The correlation between WRAIX and WTAIX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2012 | -0.02 |
The correlation between WRAIX and WTAIX shifts across timeframes, from -0.02 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WRAIX vs. WTAIX — Risk / Return Rank
WRAIX
WTAIX
WRAIX vs. WTAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Global Alpha Equities Fund (WRAIX) and Wilmington Municipal Bond Fund (WTAIX). 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 | WTAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.68 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.95 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.19 | 5.86 | +0.33 |
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Drawdowns
WRAIX vs. WTAIX - Drawdown Comparison
The maximum WRAIX drawdown since its inception was -15.44%, which is greater than WTAIX's maximum drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for WRAIX and WTAIX.
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Drawdown Indicators
| WRAIX | WTAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -12.35% | -3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -2.76% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -4.87% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -12.35% | +3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -15.44% | -12.35% | -3.09% |
Current DrawdownCurrent decline from peak | -0.67% | -1.06% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -1.63% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.91% | +0.29% |
Volatility
WRAIX vs. WTAIX - Volatility Comparison
Wilmington Global Alpha Equities Fund (WRAIX) has a higher volatility of 2.08% compared to Wilmington Municipal Bond Fund (WTAIX) at 0.61%. This indicates that WRAIX's price experiences larger fluctuations and is considered to be riskier than WTAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRAIX | WTAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 0.61% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.06% | 1.66% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 2.08% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 3.08% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 3.43% | +3.32% |
WRAIX vs. WTAIX - Expense Ratio Comparison
WRAIX has a 1.24% expense ratio, which is higher than WTAIX's 0.49% expense ratio.
Dividends
WRAIX vs. WTAIX - Dividend Comparison
WRAIX's dividend yield for the trailing twelve months is around 0.17%, less than WTAIX's 2.68% yield.
| Position | 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% |
WTAIX Wilmington Municipal Bond Fund | 2.68% | 2.85% | 2.11% | 2.03% | 1.45% | 1.68% | 1.72% | 3.84% | 2.15% | 2.92% | 2.63% | 3.81% |
Frequently Asked Questions
WRAIX and WTAIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WRAIX has higher volatility (2.08%) compared to WTAIX (0.61%). In terms of maximum drawdown, WRAIX dropped -15.44% vs WTAIX's -12.35%.
WTAIX currently has the higher Sharpe Ratio (2.58 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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