WAIOX vs. WAESX

Last updated Apr 1, 2026

Compare and contrast key facts about Wasatch International Opportunities Fund (WAIOX) and Wasatch Emerging Markets Select Fund (WAESX).

WAIOX is managed by Wasatch. It was launched on Jan 26, 2005. WAESX is managed by Wasatch. It was launched on Dec 12, 2012.

Performance

WAIOX vs. WAESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch International Opportunities Fund (WAIOX) and Wasatch Emerging Markets Select Fund (WAESX). The values are adjusted to include any dividend payments, if applicable.

WAIOX vs. WAESX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WAIOX Wasatch International Opportunities Fund	-10.06%	2.57%	-4.49%	10.64%	-36.63%	-1.36%	41.75%	32.19%	-14.69%	27.69%
WAESX Wasatch Emerging Markets Select Fund	-8.40%	10.56%	-0.12%	17.52%	-37.38%	21.34%	48.36%	28.05%	-11.50%	37.66%

Returns By Period

In the year-to-date period, WAIOX achieves a -10.06% return, which is significantly lower than WAESX's -8.40% return. Over the past 10 years, WAIOX has underperformed WAESX with an annualized return of 2.46%, while WAESX has yielded a comparatively higher 6.88% annualized return.

WAIOX

• 1D: -0.62%
• 1M: -11.54%
• YTD: -10.06%
• 6M: -14.09%
• 1Y: -7.43%
• 3Y*: -1.42%
• 5Y*: -9.04%
• 10Y*: 2.46%

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%

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

WAIOX vs. WAESX - Expense Ratio Comparison

WAIOX has a 1.96% expense ratio, which is higher than WAESX's 1.32% expense ratio.

WAIOX

Wasatch International Opportunities Fund

WAESX

Wasatch Emerging Markets Select Fund

Return for Risk

WAIOX vs. WAESX — Risk / Return Rank

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

WAIOX

WAIOX Risk / Return Rank: 2
WAIOX Sharpe Ratio Rank: 1
WAIOX Sortino Ratio Rank: 1
WAIOX Omega Ratio Rank: 1
WAIOX Calmar Ratio Rank: 2
WAIOX Martin Ratio Rank: 3

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

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.

WAIOX vs. WAESX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch International Opportunities Fund (WAIOX) and Wasatch Emerging Markets Select Fund (WAESX). 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.

	WAIOX	WAESX	Difference
Sharpe ratio Return per unit of total volatility	-0.55	0.17	-0.72
Sortino ratio Return per unit of downside risk	-0.66	0.36	-1.02
Omega ratio Gain probability vs. loss probability	0.92	1.04	-0.13
Calmar ratio Return relative to maximum drawdown	-0.39	0.02	-0.41
Martin ratio Return relative to average drawdown	-0.87	0.05	-0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WAIOX vs. WAESX - Sharpe Ratio Comparison

The current WAIOX Sharpe Ratio is -0.55, which is lower than the WAESX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of WAIOX and WAESX, 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

	WAIOX	WAESX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	0.17	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.54	-0.10	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.35	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.21	+0.15

Correlation

The correlation between WAIOX and WAESX is 0.66, 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.

Dividends

WAIOX vs. WAESX - Dividend Comparison

WAIOX's dividend yield for the trailing twelve months is around 75.93%, while WAESX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WAIOX Wasatch International Opportunities Fund	75.93%	68.29%	0.00%	0.00%	0.00%	14.35%	1.98%	2.38%	2.73%	7.00%	0.00%	4.76%
WAESX Wasatch Emerging Markets Select Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

WAIOX vs. WAESX - Drawdown Comparison

The maximum WAIOX drawdown since its inception was -68.04%, which is greater than WAESX's maximum drawdown of -45.85%. Use the drawdown chart below to compare losses from any high point for WAIOX and WAESX.

Drawdown Indicators

	WAIOX	WAESX	Difference
Max Drawdown Largest peak-to-trough decline	-68.04%	-45.85%	-22.19%
Max Drawdown (1Y) Largest decline over 1 year	-21.23%	-11.18%	-10.05%
Max Drawdown (5Y) Largest decline over 5 years	-50.21%	-45.85%	-4.36%
Max Drawdown (10Y) Largest decline over 10 years	-50.21%	-45.85%	-4.36%
Current Drawdown Current decline from peak	-44.13%	-30.21%	-13.92%
Average Drawdown Average peak-to-trough decline	-16.66%	-16.56%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.60%	3.32%	+6.28%

Volatility

WAIOX vs. WAESX - Volatility Comparison

The current volatility for Wasatch International Opportunities Fund (WAIOX) is 5.39%, while Wasatch Emerging Markets Select Fund (WAESX) has a volatility of 7.41%. This indicates that WAIOX experiences smaller price fluctuations and is considered to be less risky than WAESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAIOX	WAESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	7.41%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	12.10%	-2.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.18%	17.95%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	19.89%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	19.54%	-3.17%