WSCVX vs. IWM
WSCVX (Walthausen Small Cap Value Fund) and IWM (iShares Russell 2000 ETF) are both funds - WSCVX is a Small Cap Value Equities fund managed by Walthausen Funds, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past year, WSCVX returned 39.57% vs 33.75% for IWM. Their correlation of 0.92 suggests significant overlap in exposure. WSCVX charges 1.21%/yr vs 0.19%/yr for IWM.
Performance
WSCVX vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, WSCVX achieves a 25.53% return, which is significantly higher than IWM's 19.72% return.
WSCVX
- 1D
- -0.16%
- 1M
- -0.00%
- 6M
- 18.12%
- YTD
- 25.53%
- 1Y
- 39.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- -0.85%
- 1M
- 0.42%
- 6M
- 12.70%
- YTD
- 19.72%
- 1Y
- 33.75%
- 3Y*
- 16.65%
- 5Y*
- 7.37%
- 10Y*
- 10.76%
WSCVX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WSCVX Walthausen Small Cap Value Fund | 25.53% | 13.80% | 29.11% | 7.98% |
IWM iShares Russell 2000 ETF | 19.72% | 12.66% | 11.38% | 10.04% |
Correlation
The correlation between WSCVX and IWM is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023 | 0.92 |
The correlation between WSCVX and IWM has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
WSCVX vs. IWM — Risk / Return Rank
WSCVX
IWM
WSCVX vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Walthausen Small Cap Value Fund (WSCVX) and iShares Russell 2000 ETF (IWM). 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.
| WSCVX | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.07 | +1.25 |
| Martin ratioReturn relative to average drawdown | 14.06 | 10.87 | +3.19 |
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Drawdowns
WSCVX vs. IWM - Drawdown Comparison
The maximum WSCVX drawdown since its inception was -22.34%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for WSCVX and IWM.
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Drawdown Indicators
| WSCVX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -59.05% | +36.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -11.03% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -2.78% | -2.32% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -10.73% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.11% | -0.35% |
Volatility
WSCVX vs. IWM - Volatility Comparison
Walthausen Small Cap Value Fund (WSCVX) and iShares Russell 2000 ETF (IWM) have volatilities of 4.72% and 4.81%, 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.
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Volatility by Period
| WSCVX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.81% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.11% | 14.19% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.78% | 19.54% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.91% | 22.56% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.91% | 23.00% | -1.09% |
WSCVX vs. IWM - Expense Ratio Comparison
WSCVX has a 1.21% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
WSCVX vs. IWM - Dividend Comparison
WSCVX's dividend yield for the trailing twelve months is around 10.54%, more than IWM's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.91% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
WSCVX Walthausen Small Cap Value Fund | 10.54% | 13.23% | 28.71% | 9.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WSCVX and IWM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (4.81%) compared to WSCVX (4.72%). In terms of maximum drawdown, WSCVX dropped -22.34% vs IWM's -59.05%.
WSCVX currently has the higher Sharpe Ratio (2.18 vs 1.74), 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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