GPEOX vs. WAEMX
GPEOX (Grandeur Peak Emerging Markets Opportunities Fund) and WAEMX (Wasatch Emerging Markets Small Cap Fund) are both Emerging Markets Equities funds. Over the past 10 years, GPEOX returned 5.39%/yr vs 6.63%/yr for WAEMX. Their correlation of 0.82 means they have usually moved in the same direction. GPEOX charges 1.68%/yr vs 1.91%/yr for WAEMX.
Performance
GPEOX vs. WAEMX - Performance Comparison
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Returns By Period
In the year-to-date period, GPEOX achieves a 13.47% return, which is significantly higher than WAEMX's 12.35% return. Over the past 10 years, GPEOX has underperformed WAEMX with an annualized return of 5.39%, while WAEMX has yielded a comparatively higher 6.63% annualized return.
GPEOX
- 1D
- 2.06%
- 1M
- -5.56%
- 6M
- 7.16%
- YTD
- 13.47%
- 1Y
- 15.08%
- 3Y*
- 4.94%
- 5Y*
- -1.08%
- 10Y*
- 5.39%
- ALL TIME*
- 4.97%
WAEMX
- 1D
- 2.14%
- 1M
- -9.48%
- 6M
- 8.52%
- YTD
- 12.35%
- 1Y
- 21.10%
- 3Y*
- 8.36%
- 5Y*
- -1.08%
- 10Y*
- 6.63%
- ALL TIME*
- 5.14%
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 |
GPEOX vs. WAEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GPEOX Grandeur Peak Emerging Markets Opportunities Fund | 13.47% | 9.08% | -7.19% | 12.00% | -24.72% | 8.87% | 30.71% | 23.35% | -20.66% | 28.27% |
WAEMX Wasatch Emerging Markets Small Cap Fund | 12.35% | 5.85% | -2.21% | 21.20% | -38.76% | 30.16% | 32.79% | 27.45% | -18.97% | 38.20% |
Correlation
The correlation between GPEOX and WAEMX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.82 |
The correlation between GPEOX and WAEMX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
GPEOX vs. WAEMX — Risk / Return Rank
GPEOX
WAEMX
GPEOX vs. WAEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grandeur Peak Emerging Markets Opportunities Fund (GPEOX) and Wasatch Emerging Markets Small Cap Fund (WAEMX). 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.
| GPEOX | WAEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.50 | -0.13 |
| Martin ratioReturn relative to average drawdown | 3.58 | 5.85 | -2.27 |
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Drawdowns
GPEOX vs. WAEMX - Drawdown Comparison
The maximum GPEOX drawdown since its inception was -35.84%, smaller than the maximum WAEMX drawdown of -66.35%. Use the drawdown chart below to compare losses from any high point for GPEOX and WAEMX.
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Drawdown Indicators
| GPEOX | WAEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -66.35% | +30.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -13.82% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -25.56% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -44.88% | +9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.84% | -44.88% | +9.04% |
Current DrawdownCurrent decline from peak | -9.11% | -16.88% | +7.77% |
Average DrawdownAverage peak-to-trough decline | -13.09% | -16.76% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 3.54% | +0.37% |
Volatility
GPEOX vs. WAEMX - Volatility Comparison
The current volatility for Grandeur Peak Emerging Markets Opportunities Fund (GPEOX) is 5.90%, while Wasatch Emerging Markets Small Cap Fund (WAEMX) has a volatility of 7.47%. This indicates that GPEOX experiences smaller price fluctuations and is considered to be less risky than WAEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPEOX | WAEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 7.47% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | 17.62% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 19.95% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 18.25% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 18.40% | -3.66% |
GPEOX vs. WAEMX - Expense Ratio Comparison
GPEOX has a 1.68% expense ratio, which is lower than WAEMX's 1.91% expense ratio.
Dividends
GPEOX vs. WAEMX - Dividend Comparison
GPEOX's dividend yield for the trailing twelve months is around 22.92%, less than WAEMX's 62.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPEOX Grandeur Peak Emerging Markets Opportunities Fund | 22.92% | 26.01% | 3.76% | 3.73% | 0.16% | 12.45% | 0.02% | 0.06% | 1.03% | 0.23% | 0.39% | 3.58% |
WAEMX Wasatch Emerging Markets Small Cap Fund | 62.66% | 70.40% | 6.49% | 0.00% | 3.32% | 6.03% | 7.15% | 5.82% | 12.81% | 0.00% | 0.00% | 0.02% |
Frequently Asked Questions
GPEOX and WAEMX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAEMX has higher volatility (7.47%) compared to GPEOX (5.90%). In terms of maximum drawdown, GPEOX dropped -35.84% vs WAEMX's -66.35%.
WAEMX currently has the higher Sharpe Ratio (1.04 vs 0.76), 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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