WAAEX vs. ETEGX
WAAEX (Wasatch Small Cap Growth Fund) and ETEGX (Eaton Vance Small-Cap Fund) are both Small Cap Growth Equities funds. Over the past 10 years, WAAEX returned 9.07%/yr vs 8.76%/yr for ETEGX. Their correlation of 0.87 suggests significant overlap in exposure. WAAEX charges 1.12%/yr vs 1.21%/yr for ETEGX.
Performance
WAAEX vs. ETEGX - Performance Comparison
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Returns By Period
In the year-to-date period, WAAEX achieves a 3.26% return, which is significantly lower than ETEGX's 8.38% return. Both investments have delivered pretty close results over the past 10 years, with WAAEX having a 9.07% annualized return and ETEGX not far behind at 8.76%.
WAAEX
- 1D
- 0.86%
- 1M
- 4.15%
- 6M
- -3.55%
- YTD
- 3.26%
- 1Y
- -1.17%
- 3Y*
- 3.98%
- 5Y*
- -4.40%
- 10Y*
- 9.07%
ETEGX
- 1D
- 0.21%
- 1M
- 2.62%
- 6M
- 1.69%
- YTD
- 8.38%
- 1Y
- 3.82%
- 3Y*
- 5.59%
- 5Y*
- 3.88%
- 10Y*
- 8.76%
WAAEX vs. ETEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAAEX Wasatch Small Cap Growth Fund | 3.26% | -8.78% | 15.50% | 21.24% | -40.26% | 7.68% | 54.65% | 40.29% | 2.42% | 21.72% |
ETEGX Eaton Vance Small-Cap Fund | 8.38% | -6.20% | 14.65% | 11.28% | -15.52% | 21.45% | 12.73% | 27.57% | -6.00% | 14.87% |
Correlation
The correlation between WAAEX and ETEGX is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.87 |
The correlation between WAAEX and ETEGX has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.
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Return for Risk
WAAEX vs. ETEGX — Risk / Return Rank
WAAEX
ETEGX
WAAEX vs. ETEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Growth Fund (WAAEX) and Eaton Vance Small-Cap Fund (ETEGX). 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.
| WAAEX | ETEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.33 | -0.36 |
| Martin ratioReturn relative to average drawdown | -0.08 | 0.72 | -0.81 |
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Drawdowns
WAAEX vs. ETEGX - Drawdown Comparison
The maximum WAAEX drawdown since its inception was -56.48%, smaller than the maximum ETEGX drawdown of -67.58%. Use the drawdown chart below to compare losses from any high point for WAAEX and ETEGX.
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Drawdown Indicators
| WAAEX | ETEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.48% | -67.58% | +11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -13.05% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -19.98% | -7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -50.51% | -24.30% | -26.21% |
Max Drawdown (10Y)Largest decline over 10 years | -50.51% | -36.66% | -13.85% |
Current DrawdownCurrent decline from peak | -30.14% | -4.30% | -25.84% |
Average DrawdownAverage peak-to-trough decline | -12.18% | -22.70% | +10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 5.86% | +0.88% |
Volatility
WAAEX vs. ETEGX - Volatility Comparison
Wasatch Small Cap Growth Fund (WAAEX) has a higher volatility of 5.23% compared to Eaton Vance Small-Cap Fund (ETEGX) at 4.31%. This indicates that WAAEX's price experiences larger fluctuations and is considered to be riskier than ETEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAAEX | ETEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 4.31% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 11.42% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 16.28% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 18.79% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.05% | 19.80% | +5.25% |
WAAEX vs. ETEGX - Expense Ratio Comparison
WAAEX has a 1.12% expense ratio, which is lower than ETEGX's 1.21% expense ratio.
Dividends
WAAEX vs. ETEGX - Dividend Comparison
WAAEX's dividend yield for the trailing twelve months is around 1.91%, less than ETEGX's 7.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETEGX Eaton Vance Small-Cap Fund | 7.59% | 8.23% | 5.13% | 0.68% | 3.22% | 13.87% | 1.06% | 7.19% | 12.29% | 11.02% | 13.88% | 23.25% |
WAAEX Wasatch Small Cap Growth Fund | 1.91% | 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
WAAEX and ETEGX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAAEX has higher volatility (5.23%) compared to ETEGX (4.31%). In terms of maximum drawdown, WAAEX dropped -56.48% vs ETEGX's -67.58%.
ETEGX currently has the higher Sharpe Ratio (0.26 vs -0.03), 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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