Universe Analysis

Wilshire Compass has both Manager Defined and Wilshire Defined peer groups/universes. The Wilshire defined peer groups use both holdings-based and returns-based styles analysis to provide style pure peer groups for improved universe comparisons.

The Wilshire Compass system also includes a screening utility which allows users to screen the manager databases using over 250 product specific and business-related criteria. Users can then create custom peer universes for comparing manager performance and other portfolio characteristics (i.e., price/earnings ratio, yield, avg. market capitalization, turnover etc.).  I 

The Universe graph below shows the specific product has performed in the top half of the Manager Defined Small-Cap Value Universe over the quarter, and one-year periods ended December 31, 2009 and in the top quartile over the trailing three-, and five-year periods. The chart below the graph displays the value and percentage ranking of the manager vs. this universe. The chart also shows the number of managers in the universe chosen.

The next Universe graph plots one-, three-, and five-year Sharpe ratios for the same product vs. the Manager Defined Small-Cap Value Universe. Similar to the return comparison, the product is in the top half over the trailing one-year period, and in the top quartile in the trailing three- and five-year periods ended December 31, 2009.

The sample below shows two fundamental portfolio characteristics, price-to-book and 5 year earnings per share growth, for the product vs. the Manager Defined Small-Cap Value Universe.

Wilshire Compass contains more than 80 additional characteristics and factors that may be evaluated within the Universe analytic.

In addition, users can elect to perform rolling analysis to remove some of the time period specific sensitivity that the analysis might contain.  Shown below is a Rolling Rank report for the product and Wilshire's Small-Cap Value benchmark.

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