WAAEX vs. INDEX
Compare and contrast key facts about Wasatch Small Cap Growth Fund (WAAEX) and Index Funds S&P 500 Equal Weight (INDEX).
WAAEX is managed by Wasatch. It was launched on Dec 8, 1986. INDEX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAAEX or INDEX.
Key characteristics
| WAAEX | INDEX | |
|---|---|---|
| YTD Return | 21.88% | 26.64% |
| 1Y Return | 46.64% | 38.76% |
| 3Y Return (Ann) | -13.21% | 7.65% |
| 5Y Return (Ann) | 1.34% | 13.37% |
| Sharpe Ratio | 2.55 | 3.09 |
| Sortino Ratio | 3.54 | 4.16 |
| Omega Ratio | 1.43 | 1.59 |
| Calmar Ratio | 0.86 | 3.26 |
| Martin Ratio | 11.83 | 20.73 |
| Ulcer Index | 4.10% | 1.86% |
| Daily Std Dev | 19.05% | 12.45% |
| Max Drawdown | -62.47% | -38.82% |
| Current Drawdown | -36.10% | -0.28% |
Correlation
The correlation between WAAEX and INDEX is 0.81, 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. INDEX - Performance Comparison
In the year-to-date period, WAAEX achieves a 21.88% return, which is significantly lower than INDEX's 26.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WAAEX vs. INDEX - Expense Ratio Comparison
WAAEX has a 1.12% expense ratio, which is higher than INDEX's 0.25% expense ratio.
Risk-Adjusted Performance
WAAEX vs. INDEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Growth Fund (WAAEX) and Index Funds S&P 500 Equal Weight (INDEX). 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.
Dividends
WAAEX vs. INDEX - Dividend Comparison
WAAEX has not paid dividends to shareholders, while INDEX's dividend yield for the trailing twelve months is around 1.24%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAAEX Wasatch Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDEX Index Funds S&P 500 Equal Weight | 1.24% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% |
Drawdowns
WAAEX vs. INDEX - Drawdown Comparison
The maximum WAAEX drawdown since its inception was -62.47%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for WAAEX and INDEX. For additional features, visit the drawdowns tool.
Volatility
WAAEX vs. INDEX - Volatility Comparison
Wasatch Small Cap Growth Fund (WAAEX) has a higher volatility of 5.64% compared to Index Funds S&P 500 Equal Weight (INDEX) at 3.85%. This indicates that WAAEX's price experiences larger fluctuations and is considered to be riskier than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.