REEIX vs. WAEMX

Last updated Jul 15, 2026

REEIX (RBC Emerging Markets Equity Fund) and WAEMX (Wasatch Emerging Markets Small Cap Fund) are both Emerging Markets Diversified funds. Over the past 10 years, REEIX returned 9.29%/yr vs 7.50%/yr for WAEMX. A 0.72 correlation means they provide meaningful diversification when combined. REEIX charges 0.88%/yr vs 1.91%/yr for WAEMX.

Performance

REEIX vs. WAEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC Emerging Markets Equity Fund (REEIX) and Wasatch Emerging Markets Small Cap Fund (WAEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with REEIX having a 17.88% return and WAEMX slightly lower at 17.65%. Over the past 10 years, REEIX has outperformed WAEMX with an annualized return of 9.29%, while WAEMX has yielded a comparatively lower 7.50% annualized return.

REEIX

• 1D: -3.27%
• 1M: -4.06%
• 6M: 13.42%
• YTD: 17.88%
• 1Y: 36.87%
• 3Y*: 18.83%
• 5Y*: 8.76%
• 10Y*: 9.29%

WAEMX

• 1D: -1.96%
• 1M: -5.21%
• 6M: 14.94%
• YTD: 17.65%
• 1Y: 21.06%
• 3Y*: 9.12%
• 5Y*: -0.26%
• 10Y*: 7.50%

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

REEIX vs. WAEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REEIX RBC Emerging Markets Equity Fund	17.88%	34.54%	6.38%	12.20%	-14.62%	-4.36%	16.76%	17.26%	-10.63%	35.13%
WAEMX Wasatch Emerging Markets Small Cap Fund	17.65%	5.85%	-2.21%	21.20%	-38.76%	30.16%	32.79%	27.45%	-18.97%	38.20%

Correlation

The correlation between REEIX and WAEMX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.72

The correlation between REEIX and WAEMX has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

Return for Risk

REEIX vs. WAEMX — Risk / Return Rank

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

REEIX

REEIX Risk / Return Rank: 57
REEIX Sharpe Ratio Rank: 53
REEIX Sortino Ratio Rank: 45
REEIX Omega Ratio Rank: 61
REEIX Calmar Ratio Rank: 67
REEIX Martin Ratio Rank: 59

WAEMX

WAEMX Risk / Return Rank: 41
WAEMX Sharpe Ratio Rank: 28
WAEMX Sortino Ratio Rank: 29
WAEMX Omega Ratio Rank: 28
WAEMX Calmar Ratio Rank: 75
WAEMX Martin Ratio Rank: 45

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.

REEIX vs. WAEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Emerging Markets Equity Fund (REEIX) 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.

	REEIX	WAEMX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.12	+0.50
Sortino ratio: Return per unit of downside risk	2.12	1.70	+0.42
Omega ratio: Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio: Return relative to maximum drawdown	2.48	2.68	-0.20
Martin ratio: Return relative to average drawdown	9.18	7.43	+1.75

REEIX vs. WAEMX - Sharpe Ratio Comparison

The current REEIX Sharpe Ratio is 1.62, which is higher than the WAEMX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of REEIX and WAEMX, 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

REEIX vs. WAEMX - Drawdown Comparison

The maximum REEIX drawdown since its inception was -35.90%, smaller than the maximum WAEMX drawdown of -66.35%. Use the drawdown chart below to compare losses from any high point for REEIX and WAEMX.

Drawdown Indicators

	REEIX	WAEMX	Difference
Max Drawdown Largest peak-to-trough decline	-35.90%	-66.35%	+30.45%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	-7.89%	-7.18%
Max Drawdown (3Y) Largest decline over 3 years	-17.32%	-25.56%	+8.24%
Max Drawdown (5Y) Largest decline over 5 years	-29.86%	-44.88%	+15.02%
Max Drawdown (10Y) Largest decline over 10 years	-35.90%	-44.88%	+8.98%
Current Drawdown Current decline from peak	-8.51%	-12.96%	+4.45%
Average Drawdown Average peak-to-trough decline	-10.05%	-16.76%	+6.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	2.84%	+1.21%

Volatility

REEIX vs. WAEMX - Volatility Comparison

RBC Emerging Markets Equity Fund (REEIX) has a higher volatility of 11.33% compared to Wasatch Emerging Markets Small Cap Fund (WAEMX) at 7.58%. This indicates that REEIX's price experiences larger fluctuations and is considered to be riskier than WAEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REEIX	WAEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.33%	7.58%	+3.75%
Volatility (6M) Calculated over the trailing 6-month period	21.26%	16.47%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	23.19%	18.97%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.25%	18.07%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	18.29%	-0.67%

REEIX vs. WAEMX - Expense Ratio Comparison

REEIX has a 0.88% expense ratio, which is lower than WAEMX's 1.91% expense ratio.

Dividends

REEIX vs. WAEMX - Dividend Comparison

REEIX's dividend yield for the trailing twelve months is around 2.79%, less than WAEMX's 59.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REEIX RBC Emerging Markets Equity Fund	2.79%	3.29%	1.52%	1.59%	1.35%	2.81%	1.00%	3.11%	8.35%	0.90%	1.18%	2.51%
WAEMX Wasatch Emerging Markets Small Cap Fund	59.84%	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

Can I hold both REEIX and WAEMX in my portfolio?

REEIX and WAEMX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REEIX or WAEMX?

REEIX has higher volatility (11.33%) compared to WAEMX (7.58%). In terms of maximum drawdown, REEIX dropped -35.90% vs WAEMX's -66.35%.

Which has better risk-adjusted returns?

REEIX currently has the higher Sharpe Ratio (1.62 vs 1.12), 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.