WAIOX vs. FMIEX
WAIOX (Wasatch International Opportunities Fund) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both mutual funds - WAIOX is a Foreign Small & Mid Cap Equities fund managed by Wasatch, while FMIEX is a Global Equities fund managed by Wasatch. Over the past 10 years, WAIOX returned 3.49%/yr vs 11.68%/yr for FMIEX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. WAIOX charges 1.96%/yr vs 1.10%/yr for FMIEX.
Performance
WAIOX vs. FMIEX - Performance Comparison
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Returns By Period
In the year-to-date period, WAIOX achieves a 5.03% return, which is significantly lower than FMIEX's 18.69% return. Over the past 10 years, WAIOX has underperformed FMIEX with an annualized return of 3.49%, while FMIEX has yielded a comparatively higher 11.68% annualized return.
WAIOX
- 1D
- 1.62%
- 1M
- -3.09%
- 6M
- 4.44%
- YTD
- 5.03%
- 1Y
- -3.01%
- 3Y*
- 3.33%
- 5Y*
- -7.01%
- 10Y*
- 3.49%
- ALL TIME*
- 6.80%
FMIEX
- 1D
- 1.25%
- 1M
- 4.67%
- 6M
- 12.51%
- YTD
- 18.69%
- 1Y
- 33.34%
- 3Y*
- 19.73%
- 5Y*
- 13.46%
- 10Y*
- 11.68%
- ALL TIME*
- 9.80%
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 |
WAIOX vs. FMIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAIOX Wasatch International Opportunities Fund | 5.03% | 2.57% | -4.49% | 10.64% | -36.63% | -1.36% | 41.75% | 32.19% | -14.69% | 27.69% |
FMIEX Wasatch Global Value Fund Investor Class Shares | 18.69% | 30.93% | 8.66% | 5.67% | -0.12% | 25.11% | 2.04% | 17.27% | -5.67% | 11.21% |
Correlation
The correlation between WAIOX and FMIEX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2005 | 0.54 |
The correlation between WAIOX and FMIEX shifts across timeframes, from 0.41 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WAIOX vs. FMIEX — Risk / Return Rank
WAIOX
FMIEX
WAIOX vs. FMIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch International Opportunities Fund (WAIOX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.
| WAIOX | FMIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -5.11 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.60 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 4.54 | -4.72 |
| Martin ratioReturn relative to average drawdown | -0.43 | 17.64 | -18.07 |
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Drawdowns
WAIOX vs. FMIEX - Drawdown Comparison
The maximum WAIOX drawdown since its inception was -68.04%, which is greater than FMIEX's maximum drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for WAIOX and FMIEX.
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Drawdown Indicators
| WAIOX | FMIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.04% | -49.85% | -18.19% |
Max Drawdown (1Y)Largest decline over 1 year | -18.18% | -7.04% | -11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -9.52% | -11.71% |
Max Drawdown (5Y)Largest decline over 5 years | -50.21% | -18.63% | -31.58% |
Max Drawdown (10Y)Largest decline over 10 years | -50.21% | -39.33% | -10.88% |
Current DrawdownCurrent decline from peak | -34.76% | 0.00% | -34.76% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -6.55% | -10.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 1.81% | +5.90% |
Volatility
WAIOX vs. FMIEX - Volatility Comparison
Wasatch International Opportunities Fund (WAIOX) has a higher volatility of 4.80% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 2.50%. This indicates that WAIOX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAIOX | FMIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 2.50% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 7.54% | +5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 9.56% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 12.57% | +4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 15.65% | +0.94% |
WAIOX vs. FMIEX - Expense Ratio Comparison
WAIOX has a 1.96% expense ratio, which is higher than FMIEX's 1.10% expense ratio.
Dividends
WAIOX vs. FMIEX - Dividend Comparison
WAIOX's dividend yield for the trailing twelve months is around 65.02%, more than FMIEX's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIEX Wasatch Global Value Fund Investor Class Shares | 4.83% | 5.76% | 9.02% | 3.27% | 8.54% | 4.34% | 1.74% | 3.82% | 18.46% | 16.45% | 5.16% | 11.75% |
WAIOX Wasatch International Opportunities Fund | 65.02% | 68.29% | 0.00% | 0.00% | 0.00% | 14.35% | 1.98% | 2.38% | 2.73% | 7.00% | 0.00% | 4.76% |
Frequently Asked Questions
WAIOX and FMIEX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAIOX has higher volatility (4.80%) compared to FMIEX (2.50%). In terms of maximum drawdown, WAIOX dropped -68.04% vs FMIEX's -49.85%.
FMIEX currently has the higher Sharpe Ratio (3.35 vs -0.22), 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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