WTLS vs. BIVRX
Compare and contrast key facts about WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Invenomic Fund (BIVRX).
WTLS is an actively managed fund by WisdomTree. It was launched on Jan 20, 2026. BIVRX is managed by Invenomic. It was launched on Jun 18, 2017.
Performance
WTLS vs. BIVRX - Performance Comparison
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WTLS vs. BIVRX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WTLS WisdomTree Efficient Long/Short US Equity Fund | -2.35% |
BIVRX Invenomic Fund | 9.47% |
Returns By Period
WTLS
- 1D
- 3.22%
- 1M
- -4.31%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIVRX
- 1D
- 3.43%
- 1M
- 2.62%
- YTD
- 5.94%
- 6M
- 11.17%
- 1Y
- 6.87%
- 3Y*
- 1.70%
- 5Y*
- 13.81%
- 10Y*
- —
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WTLS vs. BIVRX - Expense Ratio Comparison
WTLS has a 0.88% expense ratio, which is lower than BIVRX's 2.48% expense ratio.
Return for Risk
WTLS vs. BIVRX — Risk / Return Rank
WTLS
BIVRX
WTLS vs. BIVRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Invenomic Fund (BIVRX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| WTLS | BIVRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.32 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.91 | -1.51 |
Correlation
The correlation between WTLS and BIVRX is -0.30. 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.
Dividends
WTLS vs. BIVRX - Dividend Comparison
WTLS has not paid dividends to shareholders, while BIVRX's dividend yield for the trailing twelve months is around 1.82%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTLS WisdomTree Efficient Long/Short US Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIVRX Invenomic Fund | 1.82% | 1.93% | 3.55% | 20.26% | 28.43% | 3.00% | 3.11% | 3.21% | 4.82% | 1.21% |
Drawdowns
WTLS vs. BIVRX - Drawdown Comparison
The maximum WTLS drawdown since its inception was -8.94%, smaller than the maximum BIVRX drawdown of -18.29%. Use the drawdown chart below to compare losses from any high point for WTLS and BIVRX.
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Drawdown Indicators
| WTLS | BIVRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.94% | -18.29% | +9.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.66% | — |
Current DrawdownCurrent decline from peak | -6.01% | -1.19% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -5.91% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.14% | — |
Volatility
WTLS vs. BIVRX - Volatility Comparison
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Volatility by Period
| WTLS | BIVRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.88% | 20.73% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 16.96% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 17.09% | +2.79% |