WAESX vs. FCEEX

Last updated Apr 1, 2026

Compare and contrast key facts about Wasatch Emerging Markets Select Fund (WAESX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX).

WAESX is managed by Wasatch. It was launched on Dec 12, 2012. FCEEX is managed by Franklin Templeton. It was launched on Jul 31, 2019.

Performance

WAESX vs. FCEEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Emerging Markets Select Fund (WAESX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX). The values are adjusted to include any dividend payments, if applicable.

WAESX vs. FCEEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WAESX Wasatch Emerging Markets Select Fund	-8.40%	10.56%	-0.12%	17.52%	-37.38%	21.34%	48.36%	9.83%
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor	1.82%	34.81%	10.51%	12.52%	-16.96%	-1.29%	10.19%	9.77%

Returns By Period

In the year-to-date period, WAESX achieves a -8.40% return, which is significantly lower than FCEEX's 1.82% return.

WAESX

• 1D: -1.30%
• 1M: -9.29%
• YTD: -8.40%
• 6M: -4.85%
• 1Y: 3.86%
• 3Y*: 2.87%
• 5Y*: -2.08%
• 10Y*: 6.88%

FCEEX

• 1D: -0.96%
• 1M: -11.83%
• YTD: 1.82%
• 6M: 5.92%
• 1Y: 31.80%
• 3Y*: 17.72%
• 5Y*: 5.70%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WAESX vs. FCEEX - Expense Ratio Comparison

WAESX has a 1.32% expense ratio, which is higher than FCEEX's 0.17% expense ratio.

WAESX

Wasatch Emerging Markets Select Fund

FCEEX

Franklin Emerging Market Core Equity (IU) Fund Advisor

Return for Risk

WAESX vs. FCEEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WAESX

WAESX Risk / Return Rank: 8
WAESX Sharpe Ratio Rank: 9
WAESX Sortino Ratio Rank: 9
WAESX Omega Ratio Rank: 8
WAESX Calmar Ratio Rank: 7
WAESX Martin Ratio Rank: 7

FCEEX

FCEEX Risk / Return Rank: 87
FCEEX Sharpe Ratio Rank: 89
FCEEX Sortino Ratio Rank: 87
FCEEX Omega Ratio Rank: 85
FCEEX Calmar Ratio Rank: 88
FCEEX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WAESX vs. FCEEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Emerging Markets Select Fund (WAESX) and Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX). 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.

	WAESX	FCEEX	Difference
Sharpe ratio Return per unit of total volatility	0.17	1.80	-1.63
Sortino ratio Return per unit of downside risk	0.36	2.33	-1.97
Omega ratio Gain probability vs. loss probability	1.04	1.35	-0.30
Calmar ratio Return relative to maximum drawdown	0.02	2.33	-2.31
Martin ratio Return relative to average drawdown	0.05	9.14	-9.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WAESX vs. FCEEX - Sharpe Ratio Comparison

The current WAESX Sharpe Ratio is 0.17, which is lower than the FCEEX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of WAESX and FCEEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WAESX	FCEEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	1.80	-1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.35	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.47	-0.26

Correlation

The correlation between WAESX and FCEEX is 0.77, 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.

Dividends

WAESX vs. FCEEX - Dividend Comparison

WAESX has not paid dividends to shareholders, while FCEEX's dividend yield for the trailing twelve months is around 3.23%.

	TTM	2025	2024	2023	2022	2021	2020	2019
WAESX Wasatch Emerging Markets Select Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	0.00%	0.00%
FCEEX Franklin Emerging Market Core Equity (IU) Fund Advisor	3.23%	3.29%	4.17%	4.36%	4.08%	3.38%	2.98%	0.40%

Drawdowns

WAESX vs. FCEEX - Drawdown Comparison

The maximum WAESX drawdown since its inception was -45.85%, which is greater than FCEEX's maximum drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for WAESX and FCEEX.

Drawdown Indicators

	WAESX	FCEEX	Difference
Max Drawdown Largest peak-to-trough decline	-45.85%	-34.68%	-11.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-12.98%	+1.80%
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	-33.96%	-11.89%
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	—	—
Current Drawdown Current decline from peak	-30.21%	-12.98%	-17.23%
Average Drawdown Average peak-to-trough decline	-16.56%	-11.50%	-5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	3.30%	+0.02%

Volatility

WAESX vs. FCEEX - Volatility Comparison

The current volatility for Wasatch Emerging Markets Select Fund (WAESX) is 7.41%, while Franklin Emerging Market Core Equity (IU) Fund Advisor (FCEEX) has a volatility of 8.12%. This indicates that WAESX experiences smaller price fluctuations and is considered to be less risky than FCEEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAESX	FCEEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	8.12%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	13.24%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.95%	17.66%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	16.53%	+3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	18.16%	+1.38%