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Wasatch Micro Cap Fund (WMICX) Sharpe Ratio: 1.57

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks long-term growth of capital; income is a secondary consideration. The fund invests at least 80% of the fund's net assets (plus borrowings for investment purposes) in the equity securities of micro-capitalization companies. The adviser considers a company to be a micro-capitalization company if its market capitalization, at the time of purchase, is less than the larger of $1.5 billion or the market capitalization of the largest company in the Russell Microcap Index. It may invest up to 30% of its total assets at the time of purchase in securities issued by foreign companies in developed markets, emerging markets, or frontier markets.

WMICX's Sharpe Ratio of 1.57 indicates that for each unit of volatility, it generates 1.57 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

WMICX Sharpe Ratio Rank

WMICX Sharpe Ratio Rank: 29.229
Below Average

WMICX ranks above 29.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

WMICX Sharpe Ratio Market Positioning

The chart shows WMICX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Wasatch Micro Cap Fund's Sharpe Ratio with other mutual funds in the Small Cap Growth Equities category across multiple time periods, showing how WMICX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NESIXNeedham Small Cap Growth Fund Institutional4.16
NESGXNeedham Small Cap Growth Fund4.11
NEAIXNeedham Aggressive Growth Fund Institutional Class3.71
NEAGXNeedham Aggressive Growth Fund3.67
HRSMXHood River Small-Cap Growth Fund3.22
OBMCXOberweis Micro Cap Fund3.09
DMCRXDriehaus Micro Cap Growth Fund2.97
FGROXEmerald Growth Fund Institutional Class2.88
HSPGXEmerald Growth Fund2.86
DSCIXDana Epiphany ESG Small Cap Equity Fund2.75
WMICXWasatch Micro Cap Fund1.57

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows WMICX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when WMICX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does WMICX fit in your portfolio?

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