FMIEX vs. WAAEX
FMIEX (Wasatch Global Value Fund Investor Class Shares) and WAAEX (Wasatch Small Cap Growth Fund) are both mutual funds - FMIEX is a Global Equities fund managed by Wasatch, while WAAEX is a Small Cap Growth Equities fund managed by Wasatch. Over the past 10 years, FMIEX returned 11.74%/yr vs 8.80%/yr for WAAEX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FMIEX charges 1.10%/yr vs 1.12%/yr for WAAEX.
Performance
FMIEX vs. WAAEX - Performance Comparison
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Returns By Period
In the year-to-date period, FMIEX achieves a 18.42% return, which is significantly higher than WAAEX's 2.81% return. Over the past 10 years, FMIEX has outperformed WAAEX with an annualized return of 11.74%, while WAAEX has yielded a comparatively lower 8.80% annualized return.
FMIEX
- 1D
- -0.23%
- 1M
- 4.43%
- 6M
- 11.96%
- YTD
- 18.42%
- 1Y
- 33.03%
- 3Y*
- 19.82%
- 5Y*
- 13.41%
- 10Y*
- 11.74%
- ALL TIME*
- 9.80%
WAAEX
- 1D
- -0.31%
- 1M
- -1.74%
- 6M
- 0.13%
- YTD
- 2.81%
- 1Y
- 1.14%
- 3Y*
- 3.22%
- 5Y*
- -5.53%
- 10Y*
- 8.80%
- ALL TIME*
- 10.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMIEX vs. WAAEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMIEX Wasatch Global Value Fund Investor Class Shares | 18.42% | 30.93% | 8.66% | 5.67% | -0.12% | 25.11% | 2.04% | 17.27% | -5.67% | 11.21% |
WAAEX Wasatch Small Cap Growth Fund | 2.81% | -8.78% | 15.50% | 21.24% | -40.26% | 7.68% | 54.65% | 40.29% | 2.42% | 21.72% |
Correlation
The correlation between FMIEX and WAAEX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 1996 | 0.72 |
Over the past year, the correlation between FMIEX and WAAEX has dropped to 0.49 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
FMIEX vs. WAAEX — Risk / Return Rank
FMIEX
WAAEX
FMIEX vs. WAAEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Global Value Fund Investor Class Shares (FMIEX) and Wasatch Small Cap Growth Fund (WAAEX). 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.
| FMIEX | WAAEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.48 | ||
| Sortino ratioReturn per unit of downside risk | +4.95 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.01 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 4.64 | -0.05 | +4.69 |
| Martin ratioReturn relative to average drawdown | 18.03 | -0.12 | +18.16 |
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Drawdowns
FMIEX vs. WAAEX - Drawdown Comparison
The maximum FMIEX drawdown since its inception was -49.85%, smaller than the maximum WAAEX drawdown of -56.48%. Use the drawdown chart below to compare losses from any high point for FMIEX and WAAEX.
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Drawdown Indicators
| FMIEX | WAAEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.85% | -56.48% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -16.60% | +9.56% |
Max Drawdown (3Y)Largest decline over 3 years | -9.52% | -27.68% | +18.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -50.51% | +31.88% |
Max Drawdown (10Y)Largest decline over 10 years | -39.33% | -50.51% | +11.18% |
Current DrawdownCurrent decline from peak | -0.23% | -30.44% | +30.21% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -12.20% | +5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 6.65% | -4.84% |
Volatility
FMIEX vs. WAAEX - Volatility Comparison
The current volatility for Wasatch Global Value Fund Investor Class Shares (FMIEX) is 2.55%, while Wasatch Small Cap Growth Fund (WAAEX) has a volatility of 4.78%. This indicates that FMIEX experiences smaller price fluctuations and is considered to be less risky than WAAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMIEX | WAAEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 4.78% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 14.41% | -6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.55% | 19.28% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 25.45% | -12.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 25.05% | -9.40% |
FMIEX vs. WAAEX - Expense Ratio Comparison
FMIEX has a 1.10% expense ratio, which is lower than WAAEX's 1.12% expense ratio.
Dividends
FMIEX vs. WAAEX - Dividend Comparison
FMIEX's dividend yield for the trailing twelve months is around 4.84%, more than WAAEX's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIEX Wasatch Global Value Fund Investor Class Shares | 4.84% | 5.76% | 9.02% | 3.27% | 8.54% | 4.34% | 1.74% | 3.82% | 18.46% | 16.45% | 5.16% | 11.75% |
WAAEX Wasatch Small Cap Growth Fund | 1.92% | 1.97% | 0.00% | 0.00% | 0.00% | 21.65% | 6.25% | 14.78% | 38.79% | 11.70% | 8.83% | 18.47% |
Frequently Asked Questions
FMIEX and WAAEX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAAEX has higher volatility (4.78%) compared to FMIEX (2.55%). In terms of maximum drawdown, FMIEX dropped -49.85% vs WAAEX's -56.48%.
FMIEX currently has the higher Sharpe Ratio (3.44 vs -0.04), 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.
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