WTAIX vs. ^GSPC
Compare and contrast key facts about Wilmington Municipal Bond Fund (WTAIX) and S&P 500 (^GSPC).
WTAIX is managed by Wilmington Funds. It was launched on Nov 1, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WTAIX or ^GSPC.
Performance
WTAIX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, WTAIX achieves a 1.11% return, which is significantly lower than ^GSPC's 23.08% return. Over the past 10 years, WTAIX has underperformed ^GSPC with an annualized return of 1.08%, while ^GSPC has yielded a comparatively higher 11.11% annualized return.
WTAIX
1.11%
-0.59%
1.77%
5.42%
0.19%
1.08%
^GSPC
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
Key characteristics
| WTAIX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.01 | 2.48 |
| Sortino Ratio | 3.02 | 3.33 |
| Omega Ratio | 1.46 | 1.46 |
| Calmar Ratio | 0.76 | 3.58 |
| Martin Ratio | 7.18 | 15.96 |
| Ulcer Index | 0.79% | 1.90% |
| Daily Std Dev | 2.82% | 12.24% |
| Max Drawdown | -12.18% | -56.78% |
| Current Drawdown | -2.44% | -2.18% |
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Correlation
The correlation between WTAIX and ^GSPC is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
WTAIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Municipal Bond Fund (WTAIX) and S&P 500 (^GSPC). 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.
Drawdowns
WTAIX vs. ^GSPC - Drawdown Comparison
The maximum WTAIX drawdown since its inception was -12.18%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for WTAIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
WTAIX vs. ^GSPC - Volatility Comparison
The current volatility for Wilmington Municipal Bond Fund (WTAIX) is 1.44%, while S&P 500 (^GSPC) has a volatility of 4.06%. This indicates that WTAIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.