ARSTX vs. WEMMX

Last updated Jun 24, 2026

ARSTX (Nuveen Small Cap Select Fund) and WEMMX (TETON Westwood Mighty Mites Fund) are both Small Cap Blend Equities funds. Over the past 10 years, ARSTX returned 12.97%/yr vs 9.89%/yr for WEMMX. Their correlation of 0.85 suggests significant overlap in exposure. ARSTX charges 0.99%/yr vs 1.41%/yr for WEMMX.

Performance

ARSTX vs. WEMMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Small Cap Select Fund (ARSTX) and TETON Westwood Mighty Mites Fund (WEMMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARSTX achieves a 15.43% return, which is significantly lower than WEMMX's 25.94% return. Over the past 10 years, ARSTX has outperformed WEMMX with an annualized return of 12.97%, while WEMMX has yielded a comparatively lower 9.89% annualized return.

ARSTX

• 1D: 0.71%
• 1M: 5.76%
• YTD: 15.43%
• 6M: 12.91%
• 1Y: 32.85%
• 3Y*: 18.30%
• 5Y*: 9.02%
• 10Y*: 12.97%

WEMMX

• 1D: -0.17%
• 1M: 7.72%
• YTD: 25.94%
• 6M: 23.70%
• 1Y: 39.03%
• 3Y*: 16.98%
• 5Y*: 6.84%
• 10Y*: 9.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARSTX vs. WEMMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARSTX Nuveen Small Cap Select Fund	15.43%	7.78%	16.94%	17.69%	-19.84%	35.98%	18.68%	29.05%	-11.48%	10.13%
WEMMX TETON Westwood Mighty Mites Fund	25.94%	11.02%	3.83%	13.53%	-15.37%	21.44%	10.02%	16.94%	-13.69%	15.47%

Correlation

The correlation between ARSTX and WEMMX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 11, 1998	0.85

The correlation between ARSTX and WEMMX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

ARSTX vs. WEMMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARSTX

ARSTX Risk / Return Rank: 59
ARSTX Sharpe Ratio Rank: 52
ARSTX Sortino Ratio Rank: 53
ARSTX Omega Ratio Rank: 44
ARSTX Calmar Ratio Rank: 78
ARSTX Martin Ratio Rank: 66

WEMMX

WEMMX Risk / Return Rank: 74
WEMMX Sharpe Ratio Rank: 72
WEMMX Sortino Ratio Rank: 74
WEMMX Omega Ratio Rank: 57
WEMMX Calmar Ratio Rank: 90
WEMMX Martin Ratio Rank: 77

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.

ARSTX vs. WEMMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Small Cap Select Fund (ARSTX) and TETON Westwood Mighty Mites Fund (WEMMX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ARSTX	WEMMX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.27	-0.32
Sortino ratio: Return per unit of downside risk	2.82	3.28	-0.46
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	3.34	4.38	-1.04
Martin ratio: Return relative to average drawdown	12.14	13.47	-1.33

ARSTX vs. WEMMX - Sharpe Ratio Comparison

The current ARSTX Sharpe Ratio is 1.96, which is comparable to the WEMMX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of ARSTX and WEMMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARSTX vs. WEMMX - Drawdown Comparison

The maximum ARSTX drawdown since its inception was -56.51%, which is greater than WEMMX's maximum drawdown of -42.48%. Use the drawdown chart below to compare losses from any high point for ARSTX and WEMMX.

Drawdown Indicators

	ARSTX	WEMMX	Difference
Max Drawdown Largest peak-to-trough decline	-56.51%	-42.48%	-14.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-9.31%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.97%	-21.44%	-6.53%
Max Drawdown (5Y) Largest decline over 5 years	-27.97%	-27.11%	-0.86%
Max Drawdown (10Y) Largest decline over 10 years	-43.11%	-41.73%	-1.38%
Current Drawdown Current decline from peak	0.00%	-0.17%	+0.17%
Average Drawdown Average peak-to-trough decline	-8.86%	-6.61%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.02%	-0.17%

Volatility

ARSTX vs. WEMMX - Volatility Comparison

Nuveen Small Cap Select Fund (ARSTX) and TETON Westwood Mighty Mites Fund (WEMMX) have volatilities of 5.24% and 5.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARSTX	WEMMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	5.28%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	12.96%	12.88%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	17.99%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.57%	19.00%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.24%	20.49%	+2.75%

ARSTX vs. WEMMX - Expense Ratio Comparison

ARSTX has a 0.99% expense ratio, which is lower than WEMMX's 1.41% expense ratio.

Dividends

ARSTX vs. WEMMX - Dividend Comparison

ARSTX's dividend yield for the trailing twelve months is around 2.19%, less than WEMMX's 18.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARSTX Nuveen Small Cap Select Fund	2.19%	2.53%	2.42%	0.00%	0.40%	21.05%	1.25%	0.37%	21.67%	10.31%	8.92%	20.02%
WEMMX TETON Westwood Mighty Mites Fund	18.11%	22.80%	26.79%	18.86%	13.60%	15.44%	9.23%	4.11%	4.16%	6.44%	4.61%	2.35%

Frequently Asked Questions

Can I hold both ARSTX and WEMMX in my portfolio?

ARSTX and WEMMX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARSTX or WEMMX?

WEMMX has higher volatility (5.28%) compared to ARSTX (5.24%). In terms of maximum drawdown, ARSTX dropped -56.51% vs WEMMX's -42.48%.

Which has better risk-adjusted returns?

WEMMX currently has the higher Sharpe Ratio (2.27 vs 1.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.