WMCVX vs. VBR

Last updated Jun 5, 2026

WMCVX (Wasatch Small Cap Value Fund) and VBR (Vanguard Small-Cap Value ETF) are both funds - WMCVX is a Small Cap Blend Equities fund managed by Wasatch, while VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. Over the past 10 years, WMCVX returned 10.38%/yr vs 10.49%/yr for VBR. Their correlation of 0.93 suggests significant overlap in exposure. WMCVX charges 1.16%/yr vs 0.05%/yr for VBR.

Performance

WMCVX vs. VBR - Performance Comparison

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

Returns By Period

In the year-to-date period, WMCVX achieves a 8.15% return, which is significantly lower than VBR's 12.51% return. Both investments have delivered pretty close results over the past 10 years, with WMCVX having a 10.38% annualized return and VBR not far ahead at 10.49%.

WMCVX

• 1D: -0.51%
• 1M: -0.41%
• YTD: 8.15%
• 6M: 6.68%
• 1Y: 11.90%
• 3Y*: 13.15%
• 5Y*: 4.19%
• 10Y*: 10.38%

VBR

• 1D: 0.76%
• 1M: 2.07%
• YTD: 12.51%
• 6M: 12.70%
• 1Y: 27.37%
• 3Y*: 17.22%
• 5Y*: 8.12%
• 10Y*: 10.49%

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

WMCVX vs. VBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WMCVX Wasatch Small Cap Value Fund	8.15%	-3.66%	11.65%	31.78%	-21.61%	25.23%	12.52%	23.63%	-9.55%	19.54%
VBR Vanguard Small-Cap Value ETF	12.51%	9.09%	12.40%	16.00%	-9.38%	28.08%	5.90%	22.78%	-12.28%	11.81%

Correlation

The correlation between WMCVX and VBR is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.93

The correlation between WMCVX and VBR has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

WMCVX vs. VBR — Risk / Return Rank

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

WMCVX

WMCVX Risk / Return Rank: 9
WMCVX Sharpe Ratio Rank: 8
WMCVX Sortino Ratio Rank: 9
WMCVX Omega Ratio Rank: 8
WMCVX Calmar Ratio Rank: 11
WMCVX Martin Ratio Rank: 10

VBR

VBR Risk / Return Rank: 58
VBR Sharpe Ratio Rank: 54
VBR Sortino Ratio Rank: 57
VBR Omega Ratio Rank: 52
VBR Calmar Ratio Rank: 63
VBR Martin Ratio Rank: 62

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.

WMCVX vs. VBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Value Fund (WMCVX) and Vanguard Small-Cap Value ETF (VBR). 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.

	WMCVX	VBR	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.82	-1.16
Sortino ratio: Return per unit of downside risk	1.10	2.66	-1.56
Omega ratio: Gain probability vs. loss probability	1.12	1.32	-0.19
Calmar ratio: Return relative to maximum drawdown	1.01	3.11	-2.09
Martin ratio: Return relative to average drawdown	2.81	10.96	-8.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WMCVX vs. VBR - Sharpe Ratio Comparison

The current WMCVX Sharpe Ratio is 0.66, which is lower than the VBR Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of WMCVX and VBR, 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

	WMCVX	VBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	1.82	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.41	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.48	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.42	+0.09

Drawdowns

WMCVX vs. VBR - Drawdown Comparison

The maximum WMCVX drawdown since its inception was -65.79%, which is greater than VBR's maximum drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for WMCVX and VBR.

Drawdown Indicators

	WMCVX	VBR	Difference
Max Drawdown Largest peak-to-trough decline	-65.79%	-61.98%	-3.81%
Max Drawdown (1Y) Largest decline over 1 year	-12.06%	-8.85%	-3.21%
Max Drawdown (3Y) Largest decline over 3 years	-28.75%	-24.19%	-4.56%
Max Drawdown (5Y) Largest decline over 5 years	-32.26%	-24.19%	-8.07%
Max Drawdown (10Y) Largest decline over 10 years	-46.29%	-45.28%	-1.01%
Current Drawdown Current decline from peak	-6.43%	0.00%	-6.43%
Average Drawdown Average peak-to-trough decline	-10.95%	-8.27%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	2.50%	+1.83%

Volatility

WMCVX vs. VBR - Volatility Comparison

Wasatch Small Cap Value Fund (WMCVX) has a higher volatility of 5.38% compared to Vanguard Small-Cap Value ETF (VBR) at 3.89%. This indicates that WMCVX's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMCVX	VBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	3.89%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	10.47%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.62%	15.14%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	19.77%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.47%	21.73%	+1.74%

WMCVX vs. VBR - Expense Ratio Comparison

WMCVX has a 1.16% expense ratio, which is higher than VBR's 0.05% expense ratio.

Dividends

WMCVX vs. VBR - Dividend Comparison

WMCVX's dividend yield for the trailing twelve months is around 5.72%, more than VBR's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VBR Vanguard Small-Cap Value ETF	1.75%	1.95%	1.98%	2.12%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%
WMCVX Wasatch Small Cap Value Fund	5.72%	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 WMCVX and VBR in my portfolio?

With a correlation of 0.92, WMCVX and VBR 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, WMCVX or VBR?

WMCVX has higher volatility (5.38%) compared to VBR (3.89%). In terms of maximum drawdown, WMCVX dropped -65.79% vs VBR's -61.98%.

Which has better risk-adjusted returns?

VBR currently has the higher Sharpe Ratio (1.82 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.