WAGTX vs. INDEX
Compare and contrast key facts about Seven Canyons World Innovators Fund (WAGTX) and Index Funds S&P 500 Equal Weight (INDEX).
WAGTX is managed by Seven Canyons. It was launched on Dec 18, 2000. INDEX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAGTX or INDEX.
Correlation
The correlation between WAGTX and INDEX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WAGTX vs. INDEX - Performance Comparison
Key characteristics
WAGTX:
0.96
INDEX:
1.79
WAGTX:
1.35
INDEX:
2.42
WAGTX:
1.18
INDEX:
1.33
WAGTX:
0.20
INDEX:
2.72
WAGTX:
3.77
INDEX:
10.85
WAGTX:
3.08%
INDEX:
2.10%
WAGTX:
12.08%
INDEX:
12.75%
WAGTX:
-66.37%
INDEX:
-38.82%
WAGTX:
-49.84%
INDEX:
-0.42%
Returns By Period
In the year-to-date period, WAGTX achieves a 6.77% return, which is significantly higher than INDEX's 4.15% return.
WAGTX
6.77%
5.84%
6.07%
13.09%
-3.71%
-3.47%
INDEX
4.15%
1.25%
9.68%
23.42%
11.94%
N/A
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WAGTX vs. INDEX - Expense Ratio Comparison
WAGTX has a 1.75% expense ratio, which is higher than INDEX's 0.25% expense ratio.
Risk-Adjusted Performance
WAGTX vs. INDEX — Risk-Adjusted Performance Rank
WAGTX
INDEX
WAGTX vs. INDEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Seven Canyons World Innovators Fund (WAGTX) and Index Funds S&P 500 Equal Weight (INDEX). 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
WAGTX vs. INDEX - Dividend Comparison
WAGTX has not paid dividends to shareholders, while INDEX's dividend yield for the trailing twelve months is around 1.28%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WAGTX Seven Canyons World Innovators Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDEX Index Funds S&P 500 Equal Weight | 1.28% | 1.34% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% |
Drawdowns
WAGTX vs. INDEX - Drawdown Comparison
The maximum WAGTX drawdown since its inception was -66.37%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for WAGTX and INDEX. For additional features, visit the drawdowns tool.
Volatility
WAGTX vs. INDEX - Volatility Comparison
Seven Canyons World Innovators Fund (WAGTX) has a higher volatility of 3.40% compared to Index Funds S&P 500 Equal Weight (INDEX) at 2.99%. This indicates that WAGTX's price experiences larger fluctuations and is considered to be riskier than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.