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Wasatch Small Cap Growth Fund (WAAEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The investment seeks long-term growth of capital; income is a secondary consideration. The fund invests primarily in small growth companies. It will invest at least 80% of the fund's net assets (plus borrowings for investment purposes) in the equity securities of small-capitalization companies. The fund may invest up to 20% of its total assets at the time of purchase in securities issued by foreign companies in developed markets, emerging markets, or frontier markets.

Looking to diversify beyond WAAEX? The mutual funds below have the lowest correlation with WAAEX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from WAAEX.

Best Diversifiers for WAAEX

0 mutual funds have low correlation with WAAEX (below 0.3), 0 of which are negatively correlated. The least correlated is Wasatch Emerging Markets Small Cap Fund (WAEMX) (Emerging Markets Diversified) with a 1Y correlation of 0.46, roughly unchanged from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
WAEMX
Wasatch Emerging Markets Small Cap Fund0.460.500.55
61
Emerging Markets DiversifiedWAAEX vs WAEMX
FMIEX
Wasatch Global Value Fund Investor Class Shares0.530.510.57
87
Global EquitiesWAAEX vs FMIEX
DMCRX
Driehaus Micro Cap Growth Fund0.680.790.83
77
Small Cap Growth EquitiesWAAEX vs DMCRX
CTSIX
Calamos Timpani Small Cap Growth Fund0.740.810.86
71
Small Cap Growth EquitiesWAAEX vs CTSIX
NEAIX
Needham Aggressive Growth Fund Institutional Class0.740.770.81
92
Small Cap Growth EquitiesWAAEX vs NEAIX
See all 16 diversifiers for WAAEX

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