WAIGX vs. HLMSX
WAIGX (Wasatch International Growth Fund) and HLMSX (Harding Loevner International Small Companies Portfolio) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, WAIGX returned 4.03%/yr vs 6.10%/yr for HLMSX. Their correlation of 0.84 means they have usually moved in the same direction. WAIGX charges 1.44%/yr vs 1.37%/yr for HLMSX.
Performance
WAIGX vs. HLMSX - Performance Comparison
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Returns By Period
In the year-to-date period, WAIGX achieves a 6.24% return, which is significantly lower than HLMSX's 7.71% return. Over the past 10 years, WAIGX has underperformed HLMSX with an annualized return of 4.03%, while HLMSX has yielded a comparatively higher 6.10% annualized return.
WAIGX
- 1D
- -0.13%
- 1M
- -2.00%
- 6M
- 6.82%
- YTD
- 6.24%
- 1Y
- 0.60%
- 3Y*
- 7.59%
- 5Y*
- -2.90%
- 10Y*
- 4.03%
- ALL TIME*
- 8.27%
HLMSX
- 1D
- -0.66%
- 1M
- 0.88%
- 6M
- 5.11%
- YTD
- 7.71%
- 1Y
- 6.78%
- 3Y*
- 5.55%
- 5Y*
- -0.29%
- 10Y*
- 6.10%
- ALL TIME*
- 5.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WAIGX vs. HLMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAIGX Wasatch International Growth Fund | 6.24% | 11.89% | -0.62% | 11.64% | -36.64% | 10.86% | 24.65% | 29.43% | -15.86% | 33.04% |
HLMSX Harding Loevner International Small Companies Portfolio | 7.71% | 14.87% | -6.92% | 11.78% | -24.50% | 12.82% | 18.51% | 29.45% | -17.65% | 34.42% |
Correlation
The correlation between WAIGX and HLMSX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2007 | 0.84 |
The correlation between WAIGX and HLMSX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
WAIGX vs. HLMSX — Risk / Return Rank
WAIGX
HLMSX
WAIGX vs. HLMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch International Growth Fund (WAIGX) and Harding Loevner International Small Companies Portfolio (HLMSX). 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.
| WAIGX | HLMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 0.65 | -0.60 |
| Martin ratioReturn relative to average drawdown | 0.13 | 1.65 | -1.52 |
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Drawdowns
WAIGX vs. HLMSX - Drawdown Comparison
The maximum WAIGX drawdown since its inception was -67.66%, which is greater than HLMSX's maximum drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for WAIGX and HLMSX.
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Drawdown Indicators
| WAIGX | HLMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.66% | -60.77% | -6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.64% | -10.59% | -6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | -16.57% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -48.06% | -38.22% | -9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -48.06% | -38.22% | -9.84% |
Current DrawdownCurrent decline from peak | -21.91% | -8.06% | -13.85% |
Average DrawdownAverage peak-to-trough decline | -14.36% | -13.19% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 4.16% | +2.22% |
Volatility
WAIGX vs. HLMSX - Volatility Comparison
Wasatch International Growth Fund (WAIGX) has a higher volatility of 5.44% compared to Harding Loevner International Small Companies Portfolio (HLMSX) at 4.08%. This indicates that WAIGX's price experiences larger fluctuations and is considered to be riskier than HLMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAIGX | HLMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.08% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 10.56% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 12.62% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 15.14% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 14.82% | +3.29% |
WAIGX vs. HLMSX - Expense Ratio Comparison
WAIGX has a 1.44% expense ratio, which is higher than HLMSX's 1.37% expense ratio.
Dividends
WAIGX vs. HLMSX - Dividend Comparison
WAIGX's dividend yield for the trailing twelve months is around 50.62%, more than HLMSX's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMSX Harding Loevner International Small Companies Portfolio | 3.75% | 4.04% | 1.17% | 1.00% | 1.83% | 2.82% | 0.03% | 0.52% | 7.56% | 1.13% | 4.37% | 1.54% |
WAIGX Wasatch International Growth Fund | 50.62% | 53.78% | 20.59% | 0.00% | 0.00% | 10.13% | 10.93% | 2.50% | 17.84% | 2.71% | 4.01% | 0.00% |
Frequently Asked Questions
WAIGX and HLMSX 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.
WAIGX has higher volatility (5.44%) compared to HLMSX (4.08%). In terms of maximum drawdown, WAIGX dropped -67.66% vs HLMSX's -60.77%.
HLMSX currently has the higher Sharpe Ratio (0.55 vs 0.05), 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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