WGROX vs. WMCVX

Last updated Jun 24, 2026

WGROX (Wasatch Core Growth Fund) and WMCVX (Wasatch Small Cap Value Fund) are both mutual funds - WGROX is a Small Cap Growth Equities fund managed by Wasatch, while WMCVX is a Small Cap Blend Equities fund managed by Wasatch. Over the past 10 years, WGROX returned 11.39%/yr vs 11.09%/yr for WMCVX. Their correlation of 0.90 suggests significant overlap in exposure. WGROX charges 1.17%/yr vs 1.16%/yr for WMCVX.

Performance

WGROX vs. WMCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Core Growth Fund (WGROX) and Wasatch Small Cap Value Fund (WMCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WGROX achieves a 4.33% return, which is significantly lower than WMCVX's 12.39% return. Both investments have delivered pretty close results over the past 10 years, with WGROX having a 11.39% annualized return and WMCVX not far behind at 11.09%.

WGROX

• 1D: -0.65%
• 1M: 3.25%
• YTD: 4.33%
• 6M: 1.88%
• 1Y: 0.40%
• 3Y*: 8.61%
• 5Y*: 0.73%
• 10Y*: 11.39%

WMCVX

• 1D: 0.00%
• 1M: 5.01%
• YTD: 12.39%
• 6M: 9.69%
• 1Y: 15.66%
• 3Y*: 13.95%
• 5Y*: 5.26%
• 10Y*: 11.09%

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

WGROX vs. WMCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WGROX Wasatch Core Growth Fund	4.33%	-10.37%	13.13%	33.43%	-30.86%	20.76%	36.73%	33.31%	-3.75%	24.29%
WMCVX Wasatch Small Cap Value Fund	12.39%	-3.66%	11.65%	31.78%	-21.61%	25.23%	12.52%	23.63%	-9.55%	19.54%

Correlation

The correlation between WGROX and WMCVX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 17, 1997	0.90

The correlation between WGROX and WMCVX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

WGROX vs. WMCVX — Risk / Return Rank

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

WGROX

WGROX Risk / Return Rank: 3
WGROX Sharpe Ratio Rank: 3
WGROX Sortino Ratio Rank: 4
WGROX Omega Ratio Rank: 3
WGROX Calmar Ratio Rank: 3
WGROX Martin Ratio Rank: 3

WMCVX

WMCVX Risk / Return Rank: 15
WMCVX Sharpe Ratio Rank: 13
WMCVX Sortino Ratio Rank: 15
WMCVX Omega Ratio Rank: 12
WMCVX Calmar Ratio Rank: 18
WMCVX Martin Ratio Rank: 16

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.

WGROX vs. WMCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Core Growth Fund (WGROX) and Wasatch Small Cap Value Fund (WMCVX). 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.

	WGROX	WMCVX	Difference
Sharpe ratio: Return per unit of total volatility	0.10	0.92	-0.82
Sortino ratio: Return per unit of downside risk	0.28	1.48	-1.20
Omega ratio: Gain probability vs. loss probability	1.03	1.17	-0.14
Calmar ratio: Return relative to maximum drawdown	0.12	1.44	-1.32
Martin ratio: Return relative to average drawdown	0.29	4.00	-3.71

WGROX vs. WMCVX - Sharpe Ratio Comparison

The current WGROX Sharpe Ratio is 0.10, which is lower than the WMCVX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of WGROX and WMCVX, 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

WGROX vs. WMCVX - Drawdown Comparison

The maximum WGROX drawdown since its inception was -61.61%, smaller than the maximum WMCVX drawdown of -65.79%. Use the drawdown chart below to compare losses from any high point for WGROX and WMCVX.

Drawdown Indicators

	WGROX	WMCVX	Difference
Max Drawdown Largest peak-to-trough decline	-61.61%	-65.79%	+4.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.89%	-12.06%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-27.61%	-28.75%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	-40.16%	-32.26%	-7.90%
Max Drawdown (10Y) Largest decline over 10 years	-40.16%	-46.29%	+6.13%
Current Drawdown Current decline from peak	-15.37%	-2.76%	-12.61%
Average Drawdown Average peak-to-trough decline	-9.90%	-10.94%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	4.34%	+2.06%

Volatility

WGROX vs. WMCVX - Volatility Comparison

Wasatch Core Growth Fund (WGROX) has a higher volatility of 5.44% compared to Wasatch Small Cap Value Fund (WMCVX) at 5.16%. This indicates that WGROX's price experiences larger fluctuations and is considered to be riskier than WMCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WGROX	WMCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	5.16%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	14.45%	13.81%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	18.92%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.07%	22.58%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	23.50%	-0.14%

WGROX vs. WMCVX - Expense Ratio Comparison

WGROX has a 1.17% expense ratio, which is higher than WMCVX's 1.16% expense ratio.

Dividends

WGROX vs. WMCVX - Dividend Comparison

WGROX's dividend yield for the trailing twelve months is around 8.20%, more than WMCVX's 5.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WGROX Wasatch Core Growth Fund	8.20%	8.55%	9.22%	0.00%	0.71%	16.82%	7.21%	10.73%	10.14%	6.24%	0.15%	12.70%
WMCVX Wasatch Small Cap Value Fund	5.51%	6.19%	17.18%	3.67%	2.39%	7.72%	0.00%	1.10%	8.98%	6.63%	0.07%	0.52%

Frequently Asked Questions

Can I hold both WGROX and WMCVX in my portfolio?

With a correlation of 0.93, WGROX and WMCVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WGROX or WMCVX?

WGROX has higher volatility (5.44%) compared to WMCVX (5.16%). In terms of maximum drawdown, WGROX dropped -61.61% vs WMCVX's -65.79%.

Which has better risk-adjusted returns?

WMCVX currently has the higher Sharpe Ratio (0.92 vs 0.10), 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.