WAMVX vs. XITK

Last updated Jun 4, 2026

WAMVX (Wasatch Micro Cap Value Fund) and XITK (SPDR FactSet Innovative Technology ETF) are both funds - WAMVX is a Small Cap Growth Equities fund managed by Wasatch, while XITK is a Technology Equities fund tracking the FactSet Innovative Technology Index. Over the past 10 years, WAMVX returned 14.00%/yr vs 14.35%/yr for XITK. A 0.73 correlation means they provide meaningful diversification when combined. WAMVX charges 1.66%/yr vs 0.45%/yr for XITK.

Performance

WAMVX vs. XITK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Micro Cap Value Fund (WAMVX) and SPDR FactSet Innovative Technology ETF (XITK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WAMVX having a 13.63% return and XITK slightly higher at 13.97%. Both investments have delivered pretty close results over the past 10 years, with WAMVX having a 14.00% annualized return and XITK not far ahead at 14.35%.

WAMVX

• 1D: 1.08%
• 1M: 3.55%
• YTD: 13.63%
• 6M: 14.86%
• 1Y: 29.15%
• 3Y*: 19.01%
• 5Y*: 4.78%
• 10Y*: 14.00%

XITK

• 1D: -3.51%
• 1M: 12.45%
• YTD: 13.97%
• 6M: 14.17%
• 1Y: 11.38%
• 3Y*: 17.58%
• 5Y*: -0.31%
• 10Y*: 14.35%

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

WAMVX vs. XITK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WAMVX Wasatch Micro Cap Value Fund	13.63%	9.31%	24.40%	13.13%	-28.95%	26.17%	41.10%	29.93%	-8.88%	26.47%
XITK SPDR FactSet Innovative Technology ETF	13.97%	2.53%	19.12%	45.87%	-47.45%	-11.24%	90.22%	36.98%	7.60%	36.01%

Correlation

The correlation between WAMVX and XITK is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 15, 2016	0.73

The correlation between WAMVX and XITK shifts across timeframes, from 0.61 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WAMVX vs. XITK — Risk / Return Rank

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

WAMVX

WAMVX Risk / Return Rank: 33
WAMVX Sharpe Ratio Rank: 32
WAMVX Sortino Ratio Rank: 33
WAMVX Omega Ratio Rank: 28
WAMVX Calmar Ratio Rank: 38
WAMVX Martin Ratio Rank: 35

XITK

XITK Risk / Return Rank: 15
XITK Sharpe Ratio Rank: 15
XITK Sortino Ratio Rank: 16
XITK Omega Ratio Rank: 15
XITK Calmar Ratio Rank: 14
XITK Martin Ratio Rank: 13

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.

WAMVX vs. XITK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Micro Cap Value Fund (WAMVX) and SPDR FactSet Innovative Technology ETF (XITK). 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.

	WAMVX	XITK	Difference
Sharpe ratio Return per unit of total volatility	1.61	0.43	+1.18
Sortino ratio Return per unit of downside risk	2.39	0.78	+1.61
Omega ratio Gain probability vs. loss probability	1.28	1.09	+0.18
Calmar ratio Return relative to maximum drawdown	2.32	0.41	+1.91
Martin ratio Return relative to average drawdown	7.74	0.95	+6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WAMVX vs. XITK - Sharpe Ratio Comparison

The current WAMVX Sharpe Ratio is 1.61, which is higher than the XITK Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of WAMVX and XITK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WAMVX	XITK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	0.43	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	-0.01	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.49	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.51	+0.14

Drawdowns

WAMVX vs. XITK - Drawdown Comparison

The maximum WAMVX drawdown since its inception was -60.71%, smaller than the maximum XITK drawdown of -65.56%. Use the drawdown chart below to compare losses from any high point for WAMVX and XITK.

Drawdown Indicators

	WAMVX	XITK	Difference
Max Drawdown Largest peak-to-trough decline	-60.71%	-65.56%	+4.85%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-28.03%	+14.70%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-28.18%	+4.52%
Max Drawdown (5Y) Largest decline over 5 years	-38.69%	-61.53%	+22.84%
Max Drawdown (10Y) Largest decline over 10 years	-41.30%	-65.56%	+24.26%
Current Drawdown Current decline from peak	0.00%	-22.29%	+22.29%
Average Drawdown Average peak-to-trough decline	-10.24%	-22.08%	+11.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	11.96%	-7.97%

Volatility

WAMVX vs. XITK - Volatility Comparison

The current volatility for Wasatch Micro Cap Value Fund (WAMVX) is 5.71%, while SPDR FactSet Innovative Technology ETF (XITK) has a volatility of 8.59%. This indicates that WAMVX experiences smaller price fluctuations and is considered to be less risky than XITK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAMVX	XITK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	8.59%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	21.87%	-7.86%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	26.50%	-7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	32.63%	-12.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	29.57%	-8.24%

WAMVX vs. XITK - Expense Ratio Comparison

WAMVX has a 1.66% expense ratio, which is higher than XITK's 0.45% expense ratio.

Dividends

WAMVX vs. XITK - Dividend Comparison

WAMVX's dividend yield for the trailing twelve months is around 9.86%, while XITK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WAMVX Wasatch Micro Cap Value Fund	9.86%	11.20%	0.00%	0.00%	0.00%	22.38%	13.06%	9.03%	13.59%	7.98%	1.67%	12.13%
XITK SPDR FactSet Innovative Technology ETF	0.00%	0.00%	0.00%	0.08%	0.11%	0.00%	0.06%	0.14%	1.50%	1.74%	1.88%	0.00%

Frequently Asked Questions

Can I hold both WAMVX and XITK in my portfolio?

WAMVX and XITK have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WAMVX or XITK?

XITK has higher volatility (8.59%) compared to WAMVX (5.71%). In terms of maximum drawdown, WAMVX dropped -60.71% vs XITK's -65.56%.

Which has better risk-adjusted returns?

WAMVX currently has the higher Sharpe Ratio (1.61 vs 0.43), 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.