WMICX vs. VOOG

Last updated Jul 11, 2026

WMICX (Wasatch Micro Cap Fund) and VOOG (Vanguard S&P 500 Growth ETF) are both funds - WMICX is a Small Cap Growth Equities fund managed by Wasatch, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. Over the past 10 years, WMICX returned 14.40%/yr vs 17.76%/yr for VOOG. A 0.74 correlation means they provide meaningful diversification when combined. WMICX charges 1.63%/yr vs 0.07%/yr for VOOG.

Performance

WMICX vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Micro Cap Fund (WMICX) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMICX achieves a 18.80% return, which is significantly higher than VOOG's 12.71% return. Over the past 10 years, WMICX has underperformed VOOG with an annualized return of 14.40%, while VOOG has yielded a comparatively higher 17.76% annualized return.

WMICX

• 1D: 0.98%
• 1M: 3.21%
• 6M: 12.57%
• YTD: 18.80%
• 1Y: 32.56%
• 3Y*: 16.23%
• 5Y*: 0.32%
• 10Y*: 14.40%

VOOG

• 1D: 0.60%
• 1M: 2.77%
• 6M: 11.45%
• YTD: 12.71%
• 1Y: 25.84%
• 3Y*: 26.53%
• 5Y*: 14.02%
• 10Y*: 17.76%

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

WMICX vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WMICX Wasatch Micro Cap Fund	18.80%	4.84%	20.91%	22.58%	-40.64%	4.51%	64.84%	42.31%	1.73%	36.17%
VOOG Vanguard S&P 500 Growth ETF	12.71%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%

Correlation

The correlation between WMICX and VOOG is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.74

The correlation between WMICX and VOOG shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WMICX vs. VOOG — Risk / Return Rank

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

WMICX

WMICX Risk / Return Rank: 45
WMICX Sharpe Ratio Rank: 45
WMICX Sortino Ratio Rank: 49
WMICX Omega Ratio Rank: 38
WMICX Calmar Ratio Rank: 47
WMICX Martin Ratio Rank: 43

VOOG

VOOG Risk / Return Rank: 51
VOOG Sharpe Ratio Rank: 55
VOOG Sortino Ratio Rank: 52
VOOG Omega Ratio Rank: 51
VOOG Calmar Ratio Rank: 46
VOOG Martin Ratio Rank: 53

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.

WMICX vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Micro Cap Fund (WMICX) and Vanguard S&P 500 Growth ETF (VOOG). 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	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.49	+0.01
Sortino ratio: Return per unit of downside risk	2.24	2.07	+0.17
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	2.10	1.87	+0.23
Martin ratio: Return relative to average drawdown	7.32	7.18	+0.14

WMICX vs. VOOG - Sharpe Ratio Comparison

The current WMICX Sharpe Ratio is 1.51, which is comparable to the VOOG Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of WMICX and VOOG, 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. VOOG - Drawdown Comparison

The maximum WMICX drawdown since its inception was -65.21%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for WMICX and VOOG.

Drawdown Indicators

	WMICX	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-65.21%	-32.73%	-32.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.32%	-13.71%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-29.44%	-22.18%	-7.26%
Max Drawdown (5Y) Largest decline over 5 years	-48.70%	-32.73%	-15.97%
Max Drawdown (10Y) Largest decline over 10 years	-50.96%	-32.73%	-18.23%
Current Drawdown Current decline from peak	-6.45%	-2.01%	-4.44%
Average Drawdown Average peak-to-trough decline	-13.32%	-4.96%	-8.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	3.56%	+0.54%

Volatility

WMICX vs. VOOG - Volatility Comparison

The current volatility for Wasatch Micro Cap Fund (WMICX) is 6.17%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 6.62%. This indicates that WMICX experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMICX	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.17%	6.62%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	14.70%	14.15%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	17.15%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.60%	21.41%	+3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.38%	20.80%	+3.58%

WMICX vs. VOOG - Expense Ratio Comparison

WMICX has a 1.63% expense ratio, which is higher than VOOG's 0.07% expense ratio.

Dividends

WMICX vs. VOOG - Dividend Comparison

WMICX has not paid dividends to shareholders, while VOOG's dividend yield for the trailing twelve months is around 0.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOOG Vanguard S&P 500 Growth ETF	0.45%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%
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 VOOG in my portfolio?

WMICX and VOOG have a correlation of 0.62, 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 VOOG?

VOOG has higher volatility (6.62%) compared to WMICX (6.17%). In terms of maximum drawdown, WMICX dropped -65.21% vs VOOG's -32.73%.

Which has better risk-adjusted returns?

WMICX currently has the higher Sharpe Ratio (1.51 vs 1.49), 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.