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WTLS vs. PHSWX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WTLS vs. PHSWX

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Parvin Hedged Equity Solari World Fund (PHSWX).

WTLS is an actively managed fund by WisdomTree. It was launched on Jan 20, 2026. PHSWX is managed by Parvin Funds. It was launched on Jan 27, 2021.

Performance

WTLS vs. PHSWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Parvin Hedged Equity Solari World Fund (PHSWX). The values are adjusted to include any dividend payments, if applicable.

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WTLS vs. PHSWX - Yearly Performance Comparison

2026 (YTD)
WTLS
WisdomTree Efficient Long/Short US Equity Fund		-2.35%
PHSWX
Parvin Hedged Equity Solari World Fund		-8.58%

Returns By Period

WTLS

1D
3.22%
1M
-4.31%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

PHSWX

1D
-0.36%
1M
-11.50%
YTD
4.82%
6M
5.04%
1Y
19.46%
3Y*
8.80%
5Y*
3.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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WisdomTree Efficient Long/Short US Equity Fund

Parvin Hedged Equity Solari World Fund

Often compared with WTLS:
WTLS vs. GDEWTLS vs. GARIXWTLS vs. CDAZXWTLS vs. SAOAXWTLS vs. VMNIXWTLS vs. PUTWWTLS vs. CRIHX
Often compared with PHSWX:
PHSWX vs. CPIEXPHSWX vs. GARIXPHSWX vs. CRIHXPHSWX vs. SAOAXPHSWX vs. SNOIXPHSWX vs. SPYPHSWX vs. VMNIX

WTLS vs. PHSWX - Expense Ratio Comparison

WTLS has a 0.88% expense ratio, which is higher than PHSWX's 0.01% expense ratio.

WTLS
WisdomTree Efficient Long/Short US Equity Fund
PHSWX
Parvin Hedged Equity Solari World Fund

Return for Risk

WTLS vs. PHSWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WTLS
PHSWX
PHSWX Risk / Return Rank: 6060
Overall Rank
PHSWX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
PHSWX Sortino Ratio Rank: 6868
Sortino Ratio Rank
PHSWX Omega Ratio Rank: 5757
Omega Ratio Rank
PHSWX Calmar Ratio Rank: 5555
Calmar Ratio Rank
PHSWX Martin Ratio Rank: 5050
Martin Ratio Rank
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.

WTLS vs. PHSWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Parvin Hedged Equity Solari World Fund (PHSWX). 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.

WTLS vs. PHSWX - Sharpe Ratio Comparison

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Sharpe Ratios by Period

WTLSPHSWXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.24

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.00

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.61

0.00

-0.61

Correlation

The correlation between WTLS and PHSWX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WTLS vs. PHSWX - Dividend Comparison

WTLS has not paid dividends to shareholders, while PHSWX's dividend yield for the trailing twelve months is around 0.46%.

TTM20252024202320222021
WTLS
WisdomTree Efficient Long/Short US Equity Fund		0.00%0.00%0.00%0.00%0.00%0.00%
PHSWX
Parvin Hedged Equity Solari World Fund		0.46%0.49%1.12%2.04%2.24%2.02%

Drawdowns

WTLS vs. PHSWX - Drawdown Comparison

The maximum WTLS drawdown since its inception was -8.94%, smaller than the maximum PHSWX drawdown of -94.47%. Use the drawdown chart below to compare losses from any high point for WTLS and PHSWX.

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Drawdown Indicators

WTLSPHSWXDifference

Max Drawdown

Largest peak-to-trough decline

-8.94%

-94.47%

+85.53%

Max Drawdown (1Y)

Largest decline over 1 year

—

-14.06%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-94.47%

—

Current Drawdown

Current decline from peak

-6.01%

-93.08%

+87.07%

Average Drawdown

Average peak-to-trough decline

-2.84%

-27.28%

+24.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.70%

—

Volatility

WTLS vs. PHSWX - Volatility Comparison

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Volatility by Period

WTLSPHSWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.32%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

13.14%

—

Volatility (1Y)

Calculated over the trailing 1-year period

19.88%

15.44%

+4.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.88%

1,067.69%

-1,047.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.88%

1,043.51%

-1,023.63%