WEMMX vs. MSCGX

Last updated Jun 4, 2026

WEMMX (TETON Westwood Mighty Mites Fund) and MSCGX (Mercer US Small/Mid Cap Equity Fund) are both Small Cap Blend Equities funds. Over the past 5 years, WEMMX returned 5.64%/yr vs 6.91%/yr for MSCGX. Their correlation of 0.85 suggests significant overlap in exposure. WEMMX charges 1.41%/yr vs 0.48%/yr for MSCGX.

Performance

WEMMX vs. MSCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TETON Westwood Mighty Mites Fund (WEMMX) and Mercer US Small/Mid Cap Equity Fund (MSCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEMMX achieves a 21.19% return, which is significantly higher than MSCGX's 12.25% return.

WEMMX

• 1D: 0.87%
• 1M: 5.74%
• YTD: 21.19%
• 6M: 22.91%
• 1Y: 37.84%
• 3Y*: 15.60%
• 5Y*: 5.64%
• 10Y*: 9.29%

MSCGX

• 1D: 0.81%
• 1M: 2.21%
• YTD: 12.25%
• 6M: 12.07%
• 1Y: 24.11%
• 3Y*: 15.11%
• 5Y*: 6.91%
• 10Y*: —

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

WEMMX vs. MSCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WEMMX TETON Westwood Mighty Mites Fund	21.19%	11.02%	3.83%	13.53%	-15.37%	21.44%	10.02%	4.44%
MSCGX Mercer US Small/Mid Cap Equity Fund	12.25%	6.52%	13.39%	15.35%	-16.91%	24.32%	12.40%	5.34%

Correlation

The correlation between WEMMX and MSCGX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 15, 2019	0.85

The correlation between WEMMX and MSCGX shifts across timeframes, from 0.75 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WEMMX vs. MSCGX — Risk / Return Rank

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

WEMMX

WEMMX Risk / Return Rank: 65
WEMMX Sharpe Ratio Rank: 59
WEMMX Sortino Ratio Rank: 60
WEMMX Omega Ratio Rank: 49
WEMMX Calmar Ratio Rank: 88
WEMMX Martin Ratio Rank: 69

MSCGX

MSCGX Risk / Return Rank: 49
MSCGX Sharpe Ratio Rank: 41
MSCGX Sortino Ratio Rank: 44
MSCGX Omega Ratio Rank: 36
MSCGX Calmar Ratio Rank: 68
MSCGX Martin Ratio Rank: 57

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.

WEMMX vs. MSCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TETON Westwood Mighty Mites Fund (WEMMX) and Mercer US Small/Mid Cap Equity Fund (MSCGX). 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.

	WEMMX	MSCGX	Difference
Sharpe ratio Return per unit of total volatility	2.28	1.85	+0.42
Sortino ratio Return per unit of downside risk	3.25	2.77	+0.48
Omega ratio Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio Return relative to maximum drawdown	4.31	3.19	+1.12
Martin ratio Return relative to average drawdown	13.24	11.45	+1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEMMX vs. MSCGX - Sharpe Ratio Comparison

The current WEMMX Sharpe Ratio is 2.28, which is comparable to the MSCGX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of WEMMX and MSCGX, 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

	WEMMX	MSCGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.85	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.30	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.39	+0.24

Drawdowns

WEMMX vs. MSCGX - Drawdown Comparison

The maximum WEMMX drawdown since its inception was -42.48%, roughly equal to the maximum MSCGX drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for WEMMX and MSCGX.

Drawdown Indicators

	WEMMX	MSCGX	Difference
Max Drawdown Largest peak-to-trough decline	-42.48%	-41.30%	-1.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	-9.22%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	-24.28%	+2.84%
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	-35.66%	+8.55%
Max Drawdown (10Y) Largest decline over 10 years	-41.73%	—	—
Current Drawdown Current decline from peak	0.00%	-0.40%	+0.40%
Average Drawdown Average peak-to-trough decline	-6.62%	-12.75%	+6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.47%	+0.55%

Volatility

WEMMX vs. MSCGX - Volatility Comparison

TETON Westwood Mighty Mites Fund (WEMMX) has a higher volatility of 5.22% compared to Mercer US Small/Mid Cap Equity Fund (MSCGX) at 4.45%. This indicates that WEMMX's price experiences larger fluctuations and is considered to be riskier than MSCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEMMX	MSCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	4.45%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	12.00%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	15.88%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.92%	23.81%	-4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	25.50%	-5.05%

WEMMX vs. MSCGX - Expense Ratio Comparison

WEMMX has a 1.41% expense ratio, which is higher than MSCGX's 0.48% expense ratio.

Dividends

WEMMX vs. MSCGX - Dividend Comparison

WEMMX's dividend yield for the trailing twelve months is around 18.82%, more than MSCGX's 6.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSCGX Mercer US Small/Mid Cap Equity Fund	6.87%	7.71%	10.73%	3.77%	8.42%	20.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WEMMX TETON Westwood Mighty Mites Fund	18.82%	22.80%	26.79%	18.86%	13.60%	15.44%	9.23%	4.11%	4.16%	6.44%	4.61%	2.35%

Frequently Asked Questions

Can I hold both WEMMX and MSCGX in my portfolio?

WEMMX and MSCGX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEMMX or MSCGX?

WEMMX has higher volatility (5.22%) compared to MSCGX (4.45%). In terms of maximum drawdown, WEMMX dropped -42.48% vs MSCGX's -41.30%.

Which has better risk-adjusted returns?

WEMMX currently has the higher Sharpe Ratio (2.28 vs 1.85), 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.