WHOSX vs. WAAEX

Last updated Jul 14, 2026

WHOSX (Wasatch-Hoisington U.S. Treasury Fund) and WAAEX (Wasatch Small Cap Growth Fund) are both mutual funds - WHOSX is a Government Bonds fund managed by Wasatch, while WAAEX is a Small Cap Growth Equities fund managed by Wasatch. Over the past 10 years, WHOSX returned -3.24%/yr vs 8.94%/yr for WAAEX. At a correlation of -0.13, they often move in opposite directions. WHOSX charges 0.67%/yr vs 1.12%/yr for WAAEX.

Performance

WHOSX vs. WAAEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch-Hoisington U.S. Treasury Fund (WHOSX) and Wasatch Small Cap Growth Fund (WAAEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WHOSX achieves a -0.88% return, which is significantly lower than WAAEX's 2.65% return. Over the past 10 years, WHOSX has underperformed WAAEX with an annualized return of -3.24%, while WAAEX has yielded a comparatively higher 8.94% annualized return.

WHOSX

• 1D: -0.10%
• 1M: 0.06%
• 6M: -0.88%
• YTD: -0.88%
• 1Y: 3.53%
• 3Y*: -3.10%
• 5Y*: -9.09%
• 10Y*: -3.24%

WAAEX

• 1D: -0.57%
• 1M: 3.59%
• 6M: -3.23%
• YTD: 2.65%
• 1Y: -2.25%
• 3Y*: 4.35%
• 5Y*: -5.36%
• 10Y*: 8.94%

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

WHOSX vs. WAAEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WHOSX Wasatch-Hoisington U.S. Treasury Fund	-0.88%	2.34%	-10.95%	1.39%	-34.13%	-4.94%	20.05%	17.15%	-3.84%	10.46%
WAAEX Wasatch Small Cap Growth Fund	2.65%	-8.78%	15.50%	21.24%	-40.26%	7.68%	54.65%	40.29%	2.42%	21.72%

Correlation

The correlation between WHOSX and WAAEX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Dec 8, 1986	-0.13

The correlation between WHOSX and WAAEX shifts across timeframes, from -0.13 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

WHOSX vs. WAAEX — Risk / Return Rank

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

WHOSX

WHOSX Risk / Return Rank: 5
WHOSX Sharpe Ratio Rank: 5
WHOSX Sortino Ratio Rank: 4
WHOSX Omega Ratio Rank: 5
WHOSX Calmar Ratio Rank: 5
WHOSX Martin Ratio Rank: 4

WAAEX

WAAEX Risk / Return Rank: 2
WAAEX Sharpe Ratio Rank: 2
WAAEX Sortino Ratio Rank: 2
WAAEX Omega Ratio Rank: 2
WAAEX Calmar Ratio Rank: 2
WAAEX Martin Ratio Rank: 2

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.

WHOSX vs. WAAEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch-Hoisington U.S. Treasury Fund (WHOSX) and Wasatch Small Cap Growth Fund (WAAEX). 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.

	WHOSX	WAAEX	Difference
Sharpe ratio: Return per unit of total volatility	0.15	-0.20	+0.35
Sortino ratio: Return per unit of downside risk	0.29	-0.16	+0.45
Omega ratio: Gain probability vs. loss probability	1.04	0.98	+0.06
Calmar ratio: Return relative to maximum drawdown	0.20	-0.24	+0.44
Martin ratio: Return relative to average drawdown	0.34	-0.58	+0.92

WHOSX vs. WAAEX - Sharpe Ratio Comparison

The current WHOSX Sharpe Ratio is 0.15, which is higher than the WAAEX Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of WHOSX and WAAEX, 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

WHOSX vs. WAAEX - Drawdown Comparison

The maximum WHOSX drawdown since its inception was -53.95%, roughly equal to the maximum WAAEX drawdown of -56.48%. Use the drawdown chart below to compare losses from any high point for WHOSX and WAAEX.

Drawdown Indicators

	WHOSX	WAAEX	Difference
Max Drawdown Largest peak-to-trough decline	-53.95%	-56.48%	+2.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-16.60%	+8.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.28%	-27.68%	+7.40%
Max Drawdown (5Y) Largest decline over 5 years	-47.93%	-50.51%	+2.58%
Max Drawdown (10Y) Largest decline over 10 years	-53.95%	-50.51%	-3.44%
Current Drawdown Current decline from peak	-49.20%	-30.55%	-18.65%
Average Drawdown Average peak-to-trough decline	-11.55%	-12.18%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	6.81%	-2.08%

Volatility

WHOSX vs. WAAEX - Volatility Comparison

The current volatility for Wasatch-Hoisington U.S. Treasury Fund (WHOSX) is 0.28%, while Wasatch Small Cap Growth Fund (WAAEX) has a volatility of 5.85%. This indicates that WHOSX experiences smaller price fluctuations and is considered to be less risky than WAAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WHOSX	WAAEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	5.85%	-5.57%
Volatility (6M) Calculated over the trailing 6-month period	6.21%	14.46%	-8.25%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	19.42%	-8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	25.51%	-8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	25.05%	-7.91%

WHOSX vs. WAAEX - Expense Ratio Comparison

WHOSX has a 0.67% expense ratio, which is lower than WAAEX's 1.12% expense ratio.

Dividends

WHOSX vs. WAAEX - Dividend Comparison

WHOSX's dividend yield for the trailing twelve months is around 3.98%, more than WAAEX's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WAAEX Wasatch Small Cap Growth Fund	1.92%	1.97%	0.00%	0.00%	0.00%	21.65%	6.25%	14.78%	38.79%	11.70%	8.83%	18.47%
WHOSX Wasatch-Hoisington U.S. Treasury Fund	3.98%	4.05%	3.80%	2.90%	2.45%	1.31%	7.99%	1.83%	2.22%	1.96%	10.89%	7.33%

Frequently Asked Questions

Can I hold both WHOSX and WAAEX in my portfolio?

WHOSX and WAAEX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WHOSX or WAAEX?

WAAEX has higher volatility (5.85%) compared to WHOSX (0.28%). In terms of maximum drawdown, WHOSX dropped -53.95% vs WAAEX's -56.48%.

Which has better risk-adjusted returns?

WHOSX currently has the higher Sharpe Ratio (0.15 vs -0.20), 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.