WEMMX vs. SKSEX

Last updated Jun 24, 2026

WEMMX (TETON Westwood Mighty Mites Fund) and SKSEX (AMG GW&K Small Cap Value Fund) are both Small Cap Blend Equities funds. Over the past 10 years, WEMMX returned 9.89%/yr vs 10.40%/yr for SKSEX. Their correlation of 0.86 suggests significant overlap in exposure. WEMMX charges 1.41%/yr vs 1.15%/yr for SKSEX.

Performance

WEMMX vs. SKSEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TETON Westwood Mighty Mites Fund (WEMMX) and AMG GW&K Small Cap Value Fund (SKSEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with WEMMX having a 25.94% return and SKSEX slightly lower at 24.85%. Over the past 10 years, WEMMX has underperformed SKSEX with an annualized return of 9.89%, while SKSEX has yielded a comparatively higher 10.40% annualized return.

WEMMX

• 1D: -0.17%
• 1M: 7.72%
• YTD: 25.94%
• 6M: 23.70%
• 1Y: 39.03%
• 3Y*: 16.98%
• 5Y*: 6.84%
• 10Y*: 9.89%

SKSEX

• 1D: 0.81%
• 1M: 5.62%
• YTD: 24.85%
• 6M: 22.78%
• 1Y: 29.67%
• 3Y*: 15.05%
• 5Y*: 7.21%
• 10Y*: 10.40%

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

WEMMX vs. SKSEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WEMMX TETON Westwood Mighty Mites Fund	25.94%	11.02%	3.83%	13.53%	-15.37%	21.44%	10.02%	16.94%	-13.69%	15.47%
SKSEX AMG GW&K Small Cap Value Fund	24.85%	-4.50%	10.60%	17.49%	-15.36%	33.22%	3.30%	38.26%	-18.98%	8.39%

Correlation

The correlation between WEMMX and SKSEX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 11, 1998	0.86

The correlation between WEMMX and SKSEX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

Return for Risk

WEMMX vs. SKSEX — Risk / Return Rank

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

WEMMX

WEMMX Risk / Return Rank: 74
WEMMX Sharpe Ratio Rank: 72
WEMMX Sortino Ratio Rank: 74
WEMMX Omega Ratio Rank: 57
WEMMX Calmar Ratio Rank: 90
WEMMX Martin Ratio Rank: 77

SKSEX

SKSEX Risk / Return Rank: 42
SKSEX Sharpe Ratio Rank: 36
SKSEX Sortino Ratio Rank: 30
SKSEX Omega Ratio Rank: 37
SKSEX Calmar Ratio Rank: 64
SKSEX Martin Ratio Rank: 40

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. SKSEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TETON Westwood Mighty Mites Fund (WEMMX) and AMG GW&K Small Cap Value Fund (SKSEX). 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.

	WEMMX	SKSEX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.61	+0.66
Sortino ratio: Return per unit of downside risk	3.28	2.13	+1.16
Omega ratio: Gain probability vs. loss probability	1.38	1.30	+0.08
Calmar ratio: Return relative to maximum drawdown	4.38	2.94	+1.45
Martin ratio: Return relative to average drawdown	13.47	8.19	+5.28

WEMMX vs. SKSEX - Sharpe Ratio Comparison

The current WEMMX Sharpe Ratio is 2.27, which is higher than the SKSEX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of WEMMX and SKSEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEMMX vs. SKSEX - Drawdown Comparison

The maximum WEMMX drawdown since its inception was -42.48%, smaller than the maximum SKSEX drawdown of -65.26%. Use the drawdown chart below to compare losses from any high point for WEMMX and SKSEX.

Drawdown Indicators

	WEMMX	SKSEX	Difference
Max Drawdown Largest peak-to-trough decline	-42.48%	-65.26%	+22.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	-10.83%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	-26.39%	+4.95%
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	-26.39%	-0.72%
Max Drawdown (10Y) Largest decline over 10 years	-41.73%	-49.36%	+7.63%
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-6.61%	-9.22%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.87%	-0.85%

Volatility

WEMMX vs. SKSEX - Volatility Comparison

TETON Westwood Mighty Mites Fund (WEMMX) and AMG GW&K Small Cap Value Fund (SKSEX) have volatilities of 5.28% and 5.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEMMX	SKSEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	5.28%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	12.95%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	19.76%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	21.43%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	24.52%	-4.03%

WEMMX vs. SKSEX - Expense Ratio Comparison

WEMMX has a 1.41% expense ratio, which is higher than SKSEX's 1.15% expense ratio.

Dividends

WEMMX vs. SKSEX - Dividend Comparison

WEMMX's dividend yield for the trailing twelve months is around 18.11%, while SKSEX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SKSEX AMG GW&K Small Cap Value Fund	0.00%	0.00%	8.62%	1.51%	1.69%	13.94%	43.15%	13.91%	14.98%	6.75%	0.02%	4.98%
WEMMX TETON Westwood Mighty Mites Fund	18.11%	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 SKSEX in my portfolio?

WEMMX and SKSEX have a correlation of 0.90, 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 SKSEX?

SKSEX has higher volatility (5.28%) compared to WEMMX (5.28%). In terms of maximum drawdown, WEMMX dropped -42.48% vs SKSEX's -65.26%.

Which has better risk-adjusted returns?

WEMMX currently has the higher Sharpe Ratio (2.27 vs 1.61), 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.