WPGTX vs. USBNX

Last updated Aug 1, 2026

WPGTX (WPG Partners Small/Micro Cap Value Fund) and USBNX (Pear Tree Polaris Small Cap Fund) are both Small Cap Value Equities funds. Over the past 10 years, WPGTX returned 9.85%/yr vs 8.01%/yr for USBNX. Their correlation of 0.89 means they have usually moved in the same direction. WPGTX charges 1.10%/yr vs 1.50%/yr for USBNX.

Performance

WPGTX vs. USBNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WPG Partners Small/Micro Cap Value Fund (WPGTX) and Pear Tree Polaris Small Cap Fund (USBNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WPGTX having a 19.28% return and USBNX slightly higher at 19.45%. Over the past 10 years, WPGTX has outperformed USBNX with an annualized return of 9.85%, while USBNX has yielded a comparatively lower 8.01% annualized return.

WPGTX

• 1D: 0.85%
• 1M: -1.96%
• 6M: 11.80%
• YTD: 19.28%
• 1Y: 31.11%
• 3Y*: 12.95%
• 5Y*: 12.48%
• 10Y*: 9.85%
• ALL TIME*: 10.23%

USBNX

• 1D: -0.07%
• 1M: 2.06%
• 6M: 12.82%
• YTD: 19.45%
• 1Y: 30.67%
• 3Y*: 13.52%
• 5Y*: 8.19%
• 10Y*: 8.01%
• ALL TIME*: 8.67%

*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)
USBNX Pear Tree Polaris Small Cap Fund	$0.00	$0.00	$0.00
WPGTX WPG Partners Small/Micro Cap Value Fund	$0.00	$0.00	$0.00

WPGTX vs. USBNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WPGTX WPG Partners Small/Micro Cap Value Fund	19.28%	7.08%	10.53%	14.45%	2.10%	40.04%	-1.31%	23.35%	-21.88%	5.58%
USBNX Pear Tree Polaris Small Cap Fund	19.45%	8.02%	8.64%	12.83%	-5.09%	15.35%	-4.77%	23.53%	-11.05%	6.42%

Correlation

The correlation between WPGTX and USBNX is 0.84, 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.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Aug 3, 1992	0.89

The correlation between WPGTX and USBNX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.

Return for Risk

WPGTX vs. USBNX — Risk / Return Rank

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

WPGTX

WPGTX Risk / Return Rank: 78
WPGTX Sharpe Ratio Rank: 77
WPGTX Sortino Ratio Rank: 77
WPGTX Omega Ratio Rank: 73
WPGTX Calmar Ratio Rank: 81
WPGTX Martin Ratio Rank: 81

USBNX

USBNX Risk / Return Rank: 81
USBNX Sharpe Ratio Rank: 80
USBNX Sortino Ratio Rank: 82
USBNX Omega Ratio Rank: 77
USBNX Calmar Ratio Rank: 85
USBNX Martin Ratio Rank: 78

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.

WPGTX vs. USBNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WPG Partners Small/Micro Cap Value Fund (WPGTX) and Pear Tree Polaris Small Cap Fund (USBNX). 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.

	WPGTX	USBNX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.89	-0.10
Sortino ratio: Return per unit of downside risk	2.61	2.89	-0.28
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	2.69	2.96	-0.27
Martin ratio: Return relative to average drawdown	9.87	9.41	+0.45

WPGTX vs. USBNX - Sharpe Ratio Comparison

The current WPGTX Sharpe Ratio is 1.79, which is comparable to the USBNX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of WPGTX and USBNX, 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

WPGTX vs. USBNX - Drawdown Comparison

The maximum WPGTX drawdown since its inception was -60.60%, smaller than the maximum USBNX drawdown of -64.40%. Use the drawdown chart below to compare losses from any high point for WPGTX and USBNX.

Drawdown Indicators

	WPGTX	USBNX	Difference
Max Drawdown Largest peak-to-trough decline	-60.60%	-64.40%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-9.19%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-25.90%	-21.56%	-4.34%
Max Drawdown (5Y) Largest decline over 5 years	-25.90%	-26.01%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-50.03%	-46.96%	-3.07%
Current Drawdown Current decline from peak	-3.15%	-1.10%	-2.05%
Average Drawdown Average peak-to-trough decline	-12.97%	-13.57%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	2.91%	-0.02%

Volatility

WPGTX vs. USBNX - Volatility Comparison

WPG Partners Small/Micro Cap Value Fund (WPGTX) and Pear Tree Polaris Small Cap Fund (USBNX) have volatilities of 3.32% and 3.34%, 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.

Volatility by Period

	WPGTX	USBNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.34%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	8.96%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	14.43%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.51%	18.60%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.37%	21.58%	+0.79%

WPGTX vs. USBNX - Expense Ratio Comparison

WPGTX has a 1.10% expense ratio, which is lower than USBNX's 1.50% expense ratio.

Dividends

WPGTX vs. USBNX - Dividend Comparison

WPGTX's dividend yield for the trailing twelve months is around 8.51%, less than USBNX's 11.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USBNX Pear Tree Polaris Small Cap Fund	11.56%	13.81%	3.27%	0.86%	10.05%	0.75%	0.68%	7.91%	8.39%	6.21%	1.17%	7.39%
WPGTX WPG Partners Small/Micro Cap Value Fund	8.51%	10.15%	6.38%	7.58%	17.82%	1.47%	0.64%	0.44%	8.44%	6.83%	0.42%	3.03%

Frequently Asked Questions

Can I hold both WPGTX and USBNX in my portfolio?

WPGTX and USBNX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WPGTX or USBNX?

USBNX has higher volatility (3.34%) compared to WPGTX (3.32%). In terms of maximum drawdown, WPGTX dropped -60.60% vs USBNX's -64.40%.

Which has better risk-adjusted returns?

USBNX currently has the higher Sharpe Ratio (1.89 vs 1.79), 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.