WAAEX vs. WAGOX
WAAEX (Wasatch Small Cap Growth Fund) and WAGOX (Wasatch Global Opportunities Fund) are both mutual funds - WAAEX is a Small Cap Growth Equities fund managed by Wasatch, while WAGOX is a Global Equities fund managed by Wasatch. Over the past 10 years, WAAEX returned 9.23%/yr vs 9.94%/yr for WAGOX. Their correlation of 0.89 suggests significant overlap in exposure. WAAEX charges 1.12%/yr vs 1.50%/yr for WAGOX.
Performance
WAAEX vs. WAGOX - Performance Comparison
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Returns By Period
In the year-to-date period, WAAEX achieves a -1.10% return, which is significantly lower than WAGOX's 4.00% return. Over the past 10 years, WAAEX has underperformed WAGOX with an annualized return of 9.23%, while WAGOX has yielded a comparatively higher 9.94% annualized return.
WAAEX
- 1D
- -1.02%
- 1M
- 2.13%
- YTD
- -1.10%
- 6M
- -3.55%
- 1Y
- -5.89%
- 3Y*
- 4.82%
- 5Y*
- -6.02%
- 10Y*
- 9.23%
WAGOX
- 1D
- -1.52%
- 1M
- 0.52%
- YTD
- 4.00%
- 6M
- 2.36%
- 1Y
- -2.80%
- 3Y*
- 6.47%
- 5Y*
- -1.30%
- 10Y*
- 9.94%
WAAEX vs. WAGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAAEX Wasatch Small Cap Growth Fund | -1.10% | -8.78% | 15.50% | 21.24% | -40.26% | 7.68% | 54.65% | 40.29% | 2.42% | 21.72% |
WAGOX Wasatch Global Opportunities Fund | 4.00% | -4.58% | 6.60% | 25.57% | -35.02% | 21.43% | 42.27% | 33.11% | -7.41% | 37.73% |
Correlation
The correlation between WAAEX and WAGOX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2008 | 0.89 |
The correlation between WAAEX and WAGOX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
WAAEX vs. WAGOX — Risk / Return Rank
WAAEX
WAGOX
WAAEX vs. WAGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Growth Fund (WAAEX) and Wasatch Global Opportunities Fund (WAGOX). 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 | WAGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.00 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.06 | -0.17 |
| Martin ratioReturn relative to average drawdown | -0.54 | -0.14 | -0.41 |
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Drawdowns
WAAEX vs. WAGOX - Drawdown Comparison
The maximum WAAEX drawdown since its inception was -56.48%, which is greater than WAGOX's maximum drawdown of -44.05%. Use the drawdown chart below to compare losses from any high point for WAAEX and WAGOX.
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Drawdown Indicators
| WAAEX | WAGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.48% | -44.05% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -17.09% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -22.43% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -50.51% | -44.05% | -6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -50.51% | -44.05% | -6.46% |
Current DrawdownCurrent decline from peak | -33.08% | -19.70% | -13.38% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -10.15% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 7.24% | -0.21% |
Volatility
WAAEX vs. WAGOX - Volatility Comparison
Wasatch Small Cap Growth Fund (WAAEX) and Wasatch Global Opportunities Fund (WAGOX) have volatilities of 4.83% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAAEX | WAGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 4.80% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.34% | 11.87% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.22% | 15.67% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.46% | 20.68% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 20.56% | +4.52% |
WAAEX vs. WAGOX - Expense Ratio Comparison
WAAEX has a 1.12% expense ratio, which is lower than WAGOX's 1.50% expense ratio.
Dividends
WAAEX vs. WAGOX - Dividend Comparison
WAAEX's dividend yield for the trailing twelve months is around 1.99%, less than WAGOX's 8.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAAEX Wasatch Small Cap Growth Fund | 1.99% | 1.97% | 0.00% | 0.00% | 0.00% | 21.65% | 6.25% | 14.78% | 38.79% | 11.70% | 8.83% | 18.47% |
WAGOX Wasatch Global Opportunities Fund | 8.98% | 9.34% | 8.83% | 0.00% | 2.30% | 7.98% | 1.96% | 8.64% | 18.77% | 11.04% | 9.13% | 13.52% |
Frequently Asked Questions
WAAEX and WAGOX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAAEX has higher volatility (4.83%) compared to WAGOX (4.80%). In terms of maximum drawdown, WAAEX dropped -56.48% vs WAGOX's -44.05%.
WAGOX currently has the higher Sharpe Ratio (-0.06 vs -0.20), 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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