WMICX vs. RFIMX

Last updated Aug 1, 2026

WMICX (Wasatch Micro Cap Fund) and RFIMX (Ranger Micro Cap Fund) are both Small Cap Growth Equities funds. Over the past 5 years, WMICX returned -0.23%/yr vs 2.09%/yr for RFIMX. Their correlation of 0.88 means they have usually moved in the same direction. WMICX charges 1.63%/yr vs 1.51%/yr for RFIMX.

Performance

WMICX vs. RFIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Micro Cap Fund (WMICX) and Ranger Micro Cap Fund (RFIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMICX achieves a 13.26% return, which is significantly lower than RFIMX's 14.36% return.

WMICX

• 1D: 0.20%
• 1M: -6.65%
• 6M: 7.68%
• YTD: 13.26%
• 1Y: 28.70%
• 3Y*: 12.65%
• 5Y*: -0.23%
• 10Y*: 13.61%
• ALL TIME*: 14.04%

RFIMX

• 1D: 2.08%
• 1M: -5.96%
• 6M: 8.57%
• YTD: 14.36%
• 1Y: 23.98%
• 3Y*: 4.86%
• 5Y*: 2.09%
• 10Y*: —
• ALL TIME*: 12.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RFIMX Ranger Micro Cap Fund	$0.00	$0.00	$0.00
WMICX Wasatch Micro Cap Fund	$0.00	$0.00	$0.00

WMICX vs. RFIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WMICX Wasatch Micro Cap Fund	13.26%	4.84%	20.91%	22.58%	-40.64%	4.51%	64.84%	42.31%	-1.37%
RFIMX Ranger Micro Cap Fund	14.36%	1.99%	11.52%	9.14%	-24.26%	30.58%	44.44%	24.94%	-0.56%

Correlation

The correlation between WMICX and RFIMX is 0.83, 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.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since Dec 18, 2018	0.88

The correlation between WMICX and RFIMX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

WMICX vs. RFIMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WMICX

WMICX Risk / Return Rank: 50
WMICX Sharpe Ratio Rank: 52
WMICX Sortino Ratio Rank: 58
WMICX Omega Ratio Rank: 44
WMICX Calmar Ratio Rank: 52
WMICX Martin Ratio Rank: 43

RFIMX

RFIMX Risk / Return Rank: 38
RFIMX Sharpe Ratio Rank: 33
RFIMX Sortino Ratio Rank: 36
RFIMX Omega Ratio Rank: 30
RFIMX Calmar Ratio Rank: 53
RFIMX Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WMICX vs. RFIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Micro Cap Fund (WMICX) and Ranger Micro Cap Fund (RFIMX). 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.

	WMICX	RFIMX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.06	+0.29
Sortino ratio: Return per unit of downside risk	2.05	1.63	+0.42
Omega ratio: Gain probability vs. loss probability	1.23	1.19	+0.04
Calmar ratio: Return relative to maximum drawdown	1.87	1.92	-0.04
Martin ratio: Return relative to average drawdown	6.11	5.81	+0.30

WMICX vs. RFIMX - Sharpe Ratio Comparison

The current WMICX Sharpe Ratio is 1.35, which is comparable to the RFIMX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of WMICX and RFIMX, 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

WMICX vs. RFIMX - Drawdown Comparison

The maximum WMICX drawdown since its inception was -65.21%, smaller than the maximum RFIMX drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for WMICX and RFIMX.

Drawdown Indicators

	WMICX	RFIMX	Difference
Max Drawdown Largest peak-to-trough decline	-65.21%	-99.41%	+34.20%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-11.07%	-3.25%
Max Drawdown (3Y) Largest decline over 3 years	-29.44%	-99.41%	+69.97%
Max Drawdown (5Y) Largest decline over 5 years	-48.70%	-99.41%	+50.71%
Max Drawdown (10Y) Largest decline over 10 years	-50.96%	—	—
Current Drawdown Current decline from peak	-10.81%	-99.14%	+88.33%
Average Drawdown Average peak-to-trough decline	-13.31%	-30.73%	+17.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	3.65%	+0.73%

Volatility

WMICX vs. RFIMX - Volatility Comparison

The current volatility for Wasatch Micro Cap Fund (WMICX) is 4.88%, while Ranger Micro Cap Fund (RFIMX) has a volatility of 6.46%. This indicates that WMICX experiences smaller price fluctuations and is considered to be less risky than RFIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMICX	RFIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	6.46%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	14.72%	15.11%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	19.86%	20.00%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.54%	5,378.53%	-5,353.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	4,358.64%	-4,334.24%

WMICX vs. RFIMX - Expense Ratio Comparison

WMICX has a 1.63% expense ratio, which is higher than RFIMX's 1.51% expense ratio.

Dividends

WMICX vs. RFIMX - Dividend Comparison

WMICX has not paid dividends to shareholders, while RFIMX's dividend yield for the trailing twelve months is around 1.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RFIMX Ranger Micro Cap Fund	1.16%	1.33%	0.00%	0.77%	47.82%	71.79%	0.00%	0.00%	0.36%	0.00%	0.00%	0.00%
WMICX Wasatch Micro Cap Fund	0.00%	0.00%	0.00%	0.00%	0.00%	30.82%	5.68%	11.40%	29.75%	15.30%	9.30%	16.58%

Frequently Asked Questions

Can I hold both WMICX and RFIMX in my portfolio?

WMICX and RFIMX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMICX or RFIMX?

RFIMX has higher volatility (6.46%) compared to WMICX (4.88%). In terms of maximum drawdown, WMICX dropped -65.21% vs RFIMX's -99.41%.

Which has better risk-adjusted returns?

WMICX currently has the higher Sharpe Ratio (1.35 vs 1.06), 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.