WMCVX vs. FMILX
WMCVX (Wasatch Small Cap Value Fund) and FMILX (Fidelity New Millennium Fund) are both mutual funds - WMCVX is a Small Cap Blend Equities fund managed by Wasatch, while FMILX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 10 years, WMCVX returned 10.30%/yr vs 14.67%/yr for FMILX. Their correlation of 0.80 means they have usually moved in the same direction. WMCVX charges 1.16%/yr vs 0.76%/yr for FMILX.
Performance
WMCVX vs. FMILX - Performance Comparison
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Returns By Period
In the year-to-date period, WMCVX achieves a 13.95% return, which is significantly higher than FMILX's 10.52% return. Over the past 10 years, WMCVX has underperformed FMILX with an annualized return of 10.30%, while FMILX has yielded a comparatively higher 14.67% annualized return.
WMCVX
- 1D
- 0.39%
- 1M
- 0.29%
- 6M
- 6.35%
- YTD
- 13.95%
- 1Y
- 15.27%
- 3Y*
- 10.16%
- 5Y*
- 5.76%
- 10Y*
- 10.30%
- ALL TIME*
- 11.11%
FMILX
- 1D
- 2.04%
- 1M
- -2.67%
- 6M
- 8.55%
- YTD
- 10.52%
- 1Y
- 15.20%
- 3Y*
- 19.14%
- 5Y*
- 15.32%
- 10Y*
- 14.67%
- ALL TIME*
- 13.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WMCVX vs. FMILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMCVX Wasatch Small Cap Value Fund | 13.95% | -3.66% | 11.65% | 31.78% | -21.61% | 25.23% | 12.52% | 23.63% | -9.55% | 19.54% |
FMILX Fidelity New Millennium Fund | 10.52% | 12.97% | 28.83% | 25.37% | -1.56% | 23.92% | 5.73% | 26.17% | -6.31% | 19.00% |
Correlation
The correlation between WMCVX and FMILX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1997 | 0.80 |
The correlation between WMCVX and FMILX shifts across timeframes, from 0.67 (1 year) to 0.83 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
WMCVX vs. FMILX — Risk / Return Rank
WMCVX
FMILX
WMCVX vs. FMILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Value Fund (WMCVX) and Fidelity New Millennium Fund (FMILX). 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.
| WMCVX | FMILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.12 | -0.10 |
| Martin ratioReturn relative to average drawdown | 2.82 | 3.82 | -0.99 |
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Drawdowns
WMCVX vs. FMILX - Drawdown Comparison
The maximum WMCVX drawdown since its inception was -65.79%, which is greater than FMILX's maximum drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for WMCVX and FMILX.
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Drawdown Indicators
| WMCVX | FMILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.79% | -58.56% | -7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -11.86% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -28.75% | -20.48% | -8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -32.26% | -20.48% | -11.78% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -38.92% | -7.37% |
Current DrawdownCurrent decline from peak | -1.40% | -4.72% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -12.40% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 3.47% | +0.88% |
Volatility
WMCVX vs. FMILX - Volatility Comparison
Wasatch Small Cap Value Fund (WMCVX) and Fidelity New Millennium Fund (FMILX) have volatilities of 4.27% and 4.45%, 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.
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Volatility by Period
| WMCVX | FMILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 4.45% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 12.24% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 15.91% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.51% | 17.05% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 18.01% | +5.44% |
WMCVX vs. FMILX - Expense Ratio Comparison
WMCVX has a 1.16% expense ratio, which is higher than FMILX's 0.76% expense ratio.
Dividends
WMCVX vs. FMILX - Dividend Comparison
WMCVX's dividend yield for the trailing twelve months is around 5.43%, while FMILX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.00% | 0.00% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 7.84% | 6.65% | 11.99% |
WMCVX Wasatch Small Cap Value Fund | 5.43% | 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
WMCVX and FMILX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMILX has higher volatility (4.45%) compared to WMCVX (4.27%). In terms of maximum drawdown, WMCVX dropped -65.79% vs FMILX's -58.56%.
FMILX currently has the higher Sharpe Ratio (0.84 vs 0.66), 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.
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