WSCVX vs. FESCX

Last updated Jun 5, 2026

WSCVX (Walthausen Small Cap Value Fund) and FESCX (First Eagle Small Cap Opportunity Fund) are both Small Cap Value Equities funds. Over the past year, WSCVX returned 43.87% vs 49.18% for FESCX. Their correlation of 0.93 suggests significant overlap in exposure. WSCVX charges 1.21%/yr vs 1.00%/yr for FESCX.

Performance

WSCVX vs. FESCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Walthausen Small Cap Value Fund (WSCVX) and First Eagle Small Cap Opportunity Fund (FESCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSCVX achieves a 20.98% return, which is significantly lower than FESCX's 24.63% return.

WSCVX

• 1D: -1.41%
• 1M: 1.10%
• YTD: 20.98%
• 6M: 20.39%
• 1Y: 43.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FESCX

• 1D: -0.82%
• 1M: 2.62%
• YTD: 24.63%
• 6M: 24.10%
• 1Y: 49.18%
• 3Y*: 18.40%
• 5Y*: —
• 10Y*: —

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

WSCVX vs. FESCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WSCVX Walthausen Small Cap Value Fund	20.98%	13.80%	29.11%	7.98%
FESCX First Eagle Small Cap Opportunity Fund	24.63%	13.33%	6.47%	8.33%

Correlation

The correlation between WSCVX and FESCX 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 (All Time) Calculated using the full available price history since Sep 12, 2023	0.93

The correlation between WSCVX and FESCX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

WSCVX vs. FESCX — Risk / Return Rank

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

WSCVX

WSCVX Risk / Return Rank: 78
WSCVX Sharpe Ratio Rank: 76
WSCVX Sortino Ratio Rank: 74
WSCVX Omega Ratio Rank: 60
WSCVX Calmar Ratio Rank: 92
WSCVX Martin Ratio Rank: 87

FESCX

FESCX Risk / Return Rank: 78
FESCX Sharpe Ratio Rank: 77
FESCX Sortino Ratio Rank: 72
FESCX Omega Ratio Rank: 60
FESCX Calmar Ratio Rank: 91
FESCX Martin Ratio Rank: 89

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.

WSCVX vs. FESCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Walthausen Small Cap Value Fund (WSCVX) and First Eagle Small Cap Opportunity Fund (FESCX). 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.

	WSCVX	FESCX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.55	-0.03
Sortino ratio: Return per unit of downside risk	3.57	3.52	+0.05
Omega ratio: Gain probability vs. loss probability	1.42	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	4.93	4.77	+0.16
Martin ratio: Return relative to average drawdown	16.14	17.25	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WSCVX vs. FESCX - Sharpe Ratio Comparison

The current WSCVX Sharpe Ratio is 2.52, which is comparable to the FESCX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of WSCVX and FESCX, 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

	WSCVX	FESCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.55	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.40	+0.83

Drawdowns

WSCVX vs. FESCX - Drawdown Comparison

The maximum WSCVX drawdown since its inception was -22.34%, smaller than the maximum FESCX drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for WSCVX and FESCX.

Drawdown Indicators

	WSCVX	FESCX	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-28.53%	+6.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-10.26%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.53%	—
Current Drawdown Current decline from peak	-1.41%	-0.82%	-0.59%
Average Drawdown Average peak-to-trough decline	-4.26%	-8.84%	+4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.83%	-0.10%

Volatility

WSCVX vs. FESCX - Volatility Comparison

Walthausen Small Cap Value Fund (WSCVX) and First Eagle Small Cap Opportunity Fund (FESCX) have volatilities of 5.58% and 5.41%, 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

	WSCVX	FESCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	5.41%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	13.55%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	19.31%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.09%	22.65%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.09%	22.65%	-0.56%

WSCVX vs. FESCX - Expense Ratio Comparison

WSCVX has a 1.21% expense ratio, which is higher than FESCX's 1.00% expense ratio.

Dividends

WSCVX vs. FESCX - Dividend Comparison

WSCVX's dividend yield for the trailing twelve months is around 10.94%, more than FESCX's 0.83% yield.

Position	TTM	2025	2024	2023	2022
FESCX First Eagle Small Cap Opportunity Fund	0.83%	1.03%	1.56%	0.60%	0.11%
WSCVX Walthausen Small Cap Value Fund	10.94%	13.23%	28.71%	9.08%	0.00%

Frequently Asked Questions

Can I hold both WSCVX and FESCX in my portfolio?

With a correlation of 0.92, WSCVX and FESCX 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, WSCVX or FESCX?

WSCVX has higher volatility (5.58%) compared to FESCX (5.41%). In terms of maximum drawdown, WSCVX dropped -22.34% vs FESCX's -28.53%.

Which has better risk-adjusted returns?

FESCX currently has the higher Sharpe Ratio (2.55 vs 2.52), 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.