WAAEX vs. OBSOX
Compare and contrast key facts about Wasatch Small Cap Growth Fund (WAAEX) and Oberweis Small-Cap Opportunities Fund (OBSOX).
WAAEX is managed by Wasatch. It was launched on Dec 8, 1986. OBSOX is managed by Oberweis. It was launched on Sep 16, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAAEX or OBSOX.
Key characteristics
| WAAEX | OBSOX | |
|---|---|---|
| YTD Return | 18.84% | 21.43% |
| 1Y Return | 36.11% | 29.07% |
| 3Y Return (Ann) | -13.90% | -0.22% |
| 5Y Return (Ann) | 0.68% | 13.51% |
| 10Y Return (Ann) | -2.01% | 5.12% |
| Sharpe Ratio | 2.24 | 1.81 |
| Sortino Ratio | 3.17 | 2.51 |
| Omega Ratio | 1.38 | 1.31 |
| Calmar Ratio | 0.79 | 0.87 |
| Martin Ratio | 10.44 | 10.74 |
| Ulcer Index | 4.10% | 3.23% |
| Daily Std Dev | 19.11% | 19.14% |
| Max Drawdown | -62.47% | -86.25% |
| Current Drawdown | -37.69% | -21.28% |
Correlation
The correlation between WAAEX and OBSOX is 0.87, 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. OBSOX - Performance Comparison
In the year-to-date period, WAAEX achieves a 18.84% return, which is significantly lower than OBSOX's 21.43% return. Over the past 10 years, WAAEX has underperformed OBSOX with an annualized return of -2.01%, while OBSOX has yielded a comparatively higher 5.12% annualized 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. OBSOX - Expense Ratio Comparison
WAAEX has a 1.12% expense ratio, which is lower than OBSOX's 1.25% expense ratio.
Risk-Adjusted Performance
WAAEX vs. OBSOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Growth Fund (WAAEX) and Oberweis Small-Cap Opportunities Fund (OBSOX). 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. OBSOX - Dividend Comparison
Neither WAAEX nor OBSOX has paid dividends to shareholders.
Drawdowns
WAAEX vs. OBSOX - Drawdown Comparison
The maximum WAAEX drawdown since its inception was -62.47%, smaller than the maximum OBSOX drawdown of -86.25%. Use the drawdown chart below to compare losses from any high point for WAAEX and OBSOX. For additional features, visit the drawdowns tool.
Volatility
WAAEX vs. OBSOX - Volatility Comparison
The current volatility for Wasatch Small Cap Growth Fund (WAAEX) is 6.08%, while Oberweis Small-Cap Opportunities Fund (OBSOX) has a volatility of 6.43%. This indicates that WAAEX experiences smaller price fluctuations and is considered to be less risky than OBSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.