WAGOX vs. WMCVX

Last updated Jun 25, 2026

WAGOX (Wasatch Global Opportunities Fund) and WMCVX (Wasatch Small Cap Value Fund) are both mutual funds - WAGOX is a Global Equities fund managed by Wasatch, while WMCVX is a Small Cap Blend Equities fund managed by Wasatch. Over the past 10 years, WAGOX returned 9.94%/yr vs 10.99%/yr for WMCVX. Their correlation of 0.82 suggests significant overlap in exposure. WAGOX charges 1.50%/yr vs 1.16%/yr for WMCVX.

Performance

WAGOX vs. WMCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Global Opportunities Fund (WAGOX) and Wasatch Small Cap Value Fund (WMCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WAGOX achieves a 4.00% return, which is significantly lower than WMCVX's 11.38% return. Over the past 10 years, WAGOX has underperformed WMCVX with an annualized return of 9.94%, while WMCVX has yielded a comparatively higher 10.99% annualized return.

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%

WMCVX

• 1D: -0.89%
• 1M: 4.07%
• YTD: 11.38%
• 6M: 8.48%
• 1Y: 13.04%
• 3Y*: 13.61%
• 5Y*: 4.77%
• 10Y*: 10.99%

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

WAGOX vs. WMCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
WMCVX Wasatch Small Cap Value Fund	11.38%	-3.66%	11.65%	31.78%	-21.61%	25.23%	12.52%	23.63%	-9.55%	19.54%

Correlation

The correlation between WAGOX and WMCVX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 17, 2008	0.82

The correlation between WAGOX and WMCVX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

WAGOX vs. WMCVX — Risk / Return Rank

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

WAGOX

WAGOX Risk / Return Rank: 3
WAGOX Sharpe Ratio Rank: 3
WAGOX Sortino Ratio Rank: 3
WAGOX Omega Ratio Rank: 3
WAGOX Calmar Ratio Rank: 3
WAGOX Martin Ratio Rank: 3

WMCVX

WMCVX Risk / Return Rank: 13
WMCVX Sharpe Ratio Rank: 12
WMCVX Sortino Ratio Rank: 13
WMCVX Omega Ratio Rank: 11
WMCVX Calmar Ratio Rank: 16
WMCVX Martin Ratio Rank: 14

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.

WAGOX vs. WMCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Global Opportunities Fund (WAGOX) and Wasatch Small Cap Value Fund (WMCVX). 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.

	WAGOX	WMCVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	0.78	-0.84
Sortino ratio: Return per unit of downside risk	0.02	1.28	-1.26
Omega ratio: Gain probability vs. loss probability	1.00	1.14	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.06	1.22	-1.28
Martin ratio: Return relative to average drawdown	-0.14	3.38	-3.52

WAGOX vs. WMCVX - Sharpe Ratio Comparison

The current WAGOX Sharpe Ratio is -0.06, which is lower than the WMCVX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of WAGOX and WMCVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WAGOX vs. WMCVX - Drawdown Comparison

The maximum WAGOX drawdown since its inception was -44.05%, smaller than the maximum WMCVX drawdown of -65.79%. Use the drawdown chart below to compare losses from any high point for WAGOX and WMCVX.

Drawdown Indicators

	WAGOX	WMCVX	Difference
Max Drawdown Largest peak-to-trough decline	-44.05%	-65.79%	+21.74%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	-12.06%	-5.03%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-28.75%	+6.32%
Max Drawdown (5Y) Largest decline over 5 years	-44.05%	-32.26%	-11.79%
Max Drawdown (10Y) Largest decline over 10 years	-44.05%	-46.29%	+2.24%
Current Drawdown Current decline from peak	-19.70%	-3.63%	-16.07%
Average Drawdown Average peak-to-trough decline	-10.15%	-10.94%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	4.34%	+2.90%

Volatility

WAGOX vs. WMCVX - Volatility Comparison

The current volatility for Wasatch Global Opportunities Fund (WAGOX) is 4.80%, while Wasatch Small Cap Value Fund (WMCVX) has a volatility of 5.29%. This indicates that WAGOX experiences smaller price fluctuations and is considered to be less risky than WMCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAGOX	WMCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	5.29%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	13.84%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	18.90%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	22.58%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	23.48%	-2.92%

WAGOX vs. WMCVX - Expense Ratio Comparison

WAGOX has a 1.50% expense ratio, which is higher than WMCVX's 1.16% expense ratio.

Dividends

WAGOX vs. WMCVX - Dividend Comparison

WAGOX's dividend yield for the trailing twelve months is around 8.98%, more than WMCVX's 5.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WMCVX Wasatch Small Cap Value Fund	5.56%	6.19%	17.18%	3.67%	2.39%	7.72%	0.00%	1.10%	8.98%	6.63%	0.07%	0.52%

Frequently Asked Questions

Can I hold both WAGOX and WMCVX in my portfolio?

WAGOX and WMCVX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WAGOX or WMCVX?

WMCVX has higher volatility (5.29%) compared to WAGOX (4.80%). In terms of maximum drawdown, WAGOX dropped -44.05% vs WMCVX's -65.79%.

Which has better risk-adjusted returns?

WMCVX currently has the higher Sharpe Ratio (0.78 vs -0.06), 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.