WMCVX vs. VO
WMCVX (Wasatch Small Cap Value Fund) and VO (Vanguard Mid-Cap ETF) are both funds - WMCVX is a Small Cap Blend Equities fund managed by Wasatch, while VO is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index. Over the past 10 years, WMCVX returned 10.30%/yr vs 11.50%/yr for VO. Their correlation of 0.89 means they have usually moved in the same direction. WMCVX charges 1.16%/yr vs 0.03%/yr for VO.
Performance
WMCVX vs. VO - 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 VO's 12.35% return. Over the past 10 years, WMCVX has underperformed VO with an annualized return of 10.30%, while VO has yielded a comparatively higher 11.50% 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%
VO
- 1D
- -0.05%
- 1M
- 0.55%
- 6M
- 10.12%
- YTD
- 12.35%
- 1Y
- 16.51%
- 3Y*
- 14.32%
- 5Y*
- 7.77%
- 10Y*
- 11.50%
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $194.51M | $293.72M | $235.90M | |
| $0.00 | $0.00 | $0.00 |
WMCVX vs. VO - 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% |
VO Vanguard Mid-Cap ETF | 12.35% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Correlation
The correlation between WMCVX and VO is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.89 |
The correlation between WMCVX and VO has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
WMCVX vs. VO — Risk / Return Rank
WMCVX
VO
WMCVX vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Small Cap Value Fund (WMCVX) and Vanguard Mid-Cap ETF (VO). 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 | VO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.83 | -0.81 |
| Martin ratioReturn relative to average drawdown | 2.82 | 6.99 | -4.17 |
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Drawdowns
WMCVX vs. VO - Drawdown Comparison
The maximum WMCVX drawdown since its inception was -65.79%, which is greater than VO's maximum drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for WMCVX and VO.
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Drawdown Indicators
| WMCVX | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.79% | -58.87% | -6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -8.17% | -3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -28.75% | -19.02% | -9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -32.26% | -27.57% | -4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -39.37% | -6.92% |
Current DrawdownCurrent decline from peak | -1.40% | -0.49% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -7.81% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 2.13% | +2.22% |
Volatility
WMCVX vs. VO - Volatility Comparison
Wasatch Small Cap Value Fund (WMCVX) has a higher volatility of 4.27% compared to Vanguard Mid-Cap ETF (VO) at 2.09%. This indicates that WMCVX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMCVX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 2.09% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 9.44% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 12.61% | +6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.51% | 17.59% | +4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 18.86% | +4.59% |
WMCVX vs. VO - Expense Ratio Comparison
WMCVX has a 1.16% expense ratio, which is higher than VO's 0.03% expense ratio.
Dividends
WMCVX vs. VO - Dividend Comparison
WMCVX's dividend yield for the trailing twelve months is around 5.43%, more than VO's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VO Vanguard Mid-Cap ETF | 1.32% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
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 VO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMCVX has higher volatility (4.27%) compared to VO (2.09%). In terms of maximum drawdown, WMCVX dropped -65.79% vs VO's -58.87%.
VO currently has the higher Sharpe Ratio (1.18 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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