WESCX vs. WHGSX

Last updated Jun 3, 2026

WESCX (TETON Westwood SmallCap Equity Fund) and WHGSX (Westwood Quality SmallCap Fund) are both Small Cap Blend Equities funds. Over the past 10 years, WESCX returned 14.28%/yr vs 8.64%/yr for WHGSX. Their correlation of 0.94 suggests significant overlap in exposure. WESCX charges 1.25%/yr vs 0.92%/yr for WHGSX.

Performance

WESCX vs. WHGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TETON Westwood SmallCap Equity Fund (WESCX) and Westwood Quality SmallCap Fund (WHGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WESCX achieves a 25.10% return, which is significantly higher than WHGSX's 8.32% return. Over the past 10 years, WESCX has outperformed WHGSX with an annualized return of 14.28%, while WHGSX has yielded a comparatively lower 8.64% annualized return.

WESCX

• 1D: -0.49%
• 1M: 2.39%
• YTD: 25.10%
• 6M: 27.41%
• 1Y: 61.50%
• 3Y*: 23.22%
• 5Y*: 11.27%
• 10Y*: 14.28%

WHGSX

• 1D: -0.91%
• 1M: -2.68%
• YTD: 8.32%
• 6M: 7.82%
• 1Y: 16.41%
• 3Y*: 8.79%
• 5Y*: 3.42%
• 10Y*: 8.64%

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

WESCX vs. WHGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WESCX TETON Westwood SmallCap Equity Fund	25.10%	17.26%	15.48%	12.61%	-12.48%	29.72%	10.93%	28.43%	-13.71%	15.82%
WHGSX Westwood Quality SmallCap Fund	8.32%	-0.12%	4.75%	17.16%	-12.42%	27.94%	2.16%	27.13%	-14.25%	12.38%

Correlation

The correlation between WESCX and WHGSX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 4, 2007	0.94

The correlation between WESCX and WHGSX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

WESCX vs. WHGSX — Risk / Return Rank

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

WESCX

WESCX Risk / Return Rank: 88
WESCX Sharpe Ratio Rank: 90
WESCX Sortino Ratio Rank: 83
WESCX Omega Ratio Rank: 78
WESCX Calmar Ratio Rank: 95
WESCX Martin Ratio Rank: 94

WHGSX

WHGSX Risk / Return Rank: 14
WHGSX Sharpe Ratio Rank: 12
WHGSX Sortino Ratio Rank: 13
WHGSX Omega Ratio Rank: 11
WHGSX Calmar Ratio Rank: 17
WHGSX Martin Ratio Rank: 14

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.

WESCX vs. WHGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TETON Westwood SmallCap Equity Fund (WESCX) and Westwood Quality SmallCap Fund (WHGSX). 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.

	WESCX	WHGSX	Difference
Sharpe ratio Return per unit of total volatility	2.97	0.92	+2.05
Sortino ratio Return per unit of downside risk	3.93	1.49	+2.43
Omega ratio Gain probability vs. loss probability	1.51	1.17	+0.34
Calmar ratio Return relative to maximum drawdown	5.90	1.53	+4.37
Martin ratio Return relative to average drawdown	21.58	4.10	+17.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WESCX vs. WHGSX - Sharpe Ratio Comparison

The current WESCX Sharpe Ratio is 2.97, which is higher than the WHGSX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of WESCX and WHGSX, 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

	WESCX	WHGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	0.92	+2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.17	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.39	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.29	+0.05

Drawdowns

WESCX vs. WHGSX - Drawdown Comparison

The maximum WESCX drawdown since its inception was -70.60%, which is greater than WHGSX's maximum drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for WESCX and WHGSX.

Drawdown Indicators

	WESCX	WHGSX	Difference
Max Drawdown Largest peak-to-trough decline	-70.60%	-56.51%	-14.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-10.47%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-26.22%	-26.67%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	-26.22%	-26.67%	+0.45%
Max Drawdown (10Y) Largest decline over 10 years	-45.13%	-42.94%	-2.19%
Current Drawdown Current decline from peak	-1.49%	-3.81%	+2.32%
Average Drawdown Average peak-to-trough decline	-20.16%	-10.46%	-9.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	3.91%	-1.12%

Volatility

WESCX vs. WHGSX - Volatility Comparison

TETON Westwood SmallCap Equity Fund (WESCX) and Westwood Quality SmallCap Fund (WHGSX) have volatilities of 5.10% and 4.86%, 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

	WESCX	WHGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	4.86%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	11.94%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	20.72%	17.43%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	20.14%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	22.09%	+1.62%

WESCX vs. WHGSX - Expense Ratio Comparison

WESCX has a 1.25% expense ratio, which is higher than WHGSX's 0.92% expense ratio.

Dividends

WESCX vs. WHGSX - Dividend Comparison

WESCX's dividend yield for the trailing twelve months is around 6.00%, more than WHGSX's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WESCX TETON Westwood SmallCap Equity Fund	6.00%	7.50%	27.81%	2.81%	1.60%	5.60%	0.01%	4.66%	14.77%	9.13%	9.32%	18.92%
WHGSX Westwood Quality SmallCap Fund	5.64%	6.11%	6.37%	4.06%	3.67%	4.69%	0.65%	1.04%	7.20%	7.25%	0.52%	0.41%

Frequently Asked Questions

Can I hold both WESCX and WHGSX in my portfolio?

WESCX and WHGSX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WESCX or WHGSX?

WESCX has higher volatility (5.10%) compared to WHGSX (4.86%). In terms of maximum drawdown, WESCX dropped -70.60% vs WHGSX's -56.51%.

Which has better risk-adjusted returns?

WESCX currently has the higher Sharpe Ratio (2.97 vs 0.92), 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.