WAAEX vs. ^GSPC
Compare and contrast key facts about Wasatch Small Cap Growth Fund (WAAEX) and S&P 500 (^GSPC).
WAAEX is managed by Wasatch. It was launched on Dec 8, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAAEX or ^GSPC.
Correlation
The correlation between WAAEX and ^GSPC is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WAAEX vs. ^GSPC - Performance Comparison
Key characteristics
WAAEX:
0.20
^GSPC:
1.18
WAAEX:
0.42
^GSPC:
1.63
WAAEX:
1.05
^GSPC:
1.22
WAAEX:
0.07
^GSPC:
1.81
WAAEX:
0.89
^GSPC:
7.13
WAAEX:
4.14%
^GSPC:
2.16%
WAAEX:
18.51%
^GSPC:
13.06%
WAAEX:
-62.47%
^GSPC:
-56.78%
WAAEX:
-43.92%
^GSPC:
-4.79%
Returns By Period
In the year-to-date period, WAAEX achieves a -7.39% return, which is significantly lower than ^GSPC's -0.54% return. Over the past 10 years, WAAEX has underperformed ^GSPC with an annualized return of -2.89%, while ^GSPC has yielded a comparatively higher 10.98% annualized return.
WAAEX
-7.39%
-11.60%
0.36%
3.61%
-0.30%
-2.89%
^GSPC
-0.54%
-3.16%
3.56%
13.87%
13.38%
10.98%
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Risk-Adjusted Performance
WAAEX vs. ^GSPC — Risk-Adjusted Performance Rank
WAAEX
^GSPC
WAAEX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Growth Fund (WAAEX) and S&P 500 (^GSPC). 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.
Drawdowns
WAAEX vs. ^GSPC - Drawdown Comparison
The maximum WAAEX drawdown since its inception was -62.47%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for WAAEX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
WAAEX vs. ^GSPC - Volatility Comparison
Wasatch Small Cap Growth Fund (WAAEX) has a higher volatility of 6.19% compared to S&P 500 (^GSPC) at 4.02%. This indicates that WAAEX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.