WAMVX vs. XITK
Compare and contrast key facts about Wasatch Micro Cap Value Fund (WAMVX) and SPDR FactSet Innovative Technology ETF (XITK).
WAMVX is managed by Wasatch. It was launched on Jul 28, 2003. XITK is a passively managed fund by State Street that tracks the performance of the FactSet Innovative Technology Index. It was launched on Jan 13, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAMVX or XITK.
Correlation
The correlation between WAMVX and XITK is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WAMVX vs. XITK - Performance Comparison
Key characteristics
WAMVX:
1.54
XITK:
1.10
WAMVX:
2.21
XITK:
1.58
WAMVX:
1.27
XITK:
1.20
WAMVX:
0.73
XITK:
0.52
WAMVX:
8.66
XITK:
4.52
WAMVX:
3.43%
XITK:
5.65%
WAMVX:
19.34%
XITK:
23.26%
WAMVX:
-66.97%
XITK:
-65.56%
WAMVX:
-22.60%
XITK:
-28.93%
Returns By Period
In the year-to-date period, WAMVX achieves a 2.39% return, which is significantly lower than XITK's 6.87% return.
WAMVX
2.39%
0.94%
10.59%
29.31%
5.36%
4.72%
XITK
6.87%
3.29%
25.82%
26.95%
9.44%
N/A
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WAMVX vs. XITK - Expense Ratio Comparison
WAMVX has a 1.66% expense ratio, which is higher than XITK's 0.45% expense ratio.
Risk-Adjusted Performance
WAMVX vs. XITK — Risk-Adjusted Performance Rank
WAMVX
XITK
WAMVX vs. XITK - Risk-Adjusted Performance 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.
Dividends
WAMVX vs. XITK - Dividend Comparison
Neither WAMVX nor XITK has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAMVX Wasatch Micro Cap Value Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.00% | 0.07% |
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% |
Drawdowns
WAMVX vs. XITK - Drawdown Comparison
The maximum WAMVX drawdown since its inception was -66.97%, roughly equal to the maximum XITK drawdown of -65.56%. Use the drawdown chart below to compare losses from any high point for WAMVX and XITK. For additional features, visit the drawdowns tool.
Volatility
WAMVX vs. XITK - Volatility Comparison
The current volatility for Wasatch Micro Cap Value Fund (WAMVX) is 4.80%, while SPDR FactSet Innovative Technology ETF (XITK) has a volatility of 6.40%. 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.