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:
1.24
^GSPC:
1.82
WAAEX:
1.84
^GSPC:
2.44
WAAEX:
1.22
^GSPC:
1.33
WAAEX:
0.46
^GSPC:
2.77
WAAEX:
5.25
^GSPC:
11.35
WAAEX:
4.34%
^GSPC:
2.07%
WAAEX:
18.39%
^GSPC:
12.98%
WAAEX:
-62.47%
^GSPC:
-56.78%
WAAEX:
-36.67%
^GSPC:
-1.74%
Returns By Period
In the year-to-date period, WAAEX achieves a 4.59% return, which is significantly higher than ^GSPC's 2.22% return. Over the past 10 years, WAAEX has underperformed ^GSPC with an annualized return of -1.11%, while ^GSPC has yielded a comparatively higher 11.70% annualized return.
WAAEX
4.59%
2.01%
15.91%
22.84%
1.66%
-1.11%
^GSPC
2.22%
0.69%
10.04%
22.93%
12.98%
11.70%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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) and S&P 500 (^GSPC) have volatilities of 4.24% and 4.27%, 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.