diff --git a/libwasmvm/src/cache.rs b/libwasmvm/src/cache.rs
index e94b4bd3a..932361142 100644
--- a/libwasmvm/src/cache.rs
+++ b/libwasmvm/src/cache.rs
@@ -328,6 +328,8 @@ pub extern "C" fn release_cache(cache: *mut cache_t) {
 
 #[cfg(test)]
 mod tests {
+    use crate::assert_approx_eq;
+
     use super::*;
     use std::iter::FromIterator;
     use tempfile::TempDir;
@@ -711,13 +713,10 @@ mod tests {
         assert_eq!(misses, 0);
         assert_eq!(elements_pinned_memory_cache, 1);
         assert_eq!(elements_memory_cache, 0);
-        let expected = 5602873; // +/- 20%
-        assert!(
-            size_pinned_memory_cache > expected * 80 / 100,
-            "size_pinned_memory_cache: {size_pinned_memory_cache}"
-        );
-        assert!(
-            size_pinned_memory_cache < expected * 120 / 100,
+        assert_approx_eq!(
+            size_pinned_memory_cache,
+            5602873,
+            "0.2",
             "size_pinned_memory_cache: {size_pinned_memory_cache}"
         );
         assert_eq!(size_memory_cache, 0);
diff --git a/libwasmvm/src/lib.rs b/libwasmvm/src/lib.rs
index a4608c9b8..8cf1a0a17 100644
--- a/libwasmvm/src/lib.rs
+++ b/libwasmvm/src/lib.rs
@@ -12,6 +12,7 @@ mod iterator;
 mod memory;
 mod querier;
 mod storage;
+mod test_utils;
 mod tests;
 mod version;
 
diff --git a/libwasmvm/src/test_utils.rs b/libwasmvm/src/test_utils.rs
new file mode 100644
index 000000000..d6e5f515a
--- /dev/null
+++ b/libwasmvm/src/test_utils.rs
@@ -0,0 +1,102 @@
+#![cfg(test)]
+
+use cosmwasm_std::{Decimal, Uint128};
+use std::str::FromStr as _;
+
+/// Asserts that two expressions are approximately equal to each other.
+///
+/// The `max_rel_diff` argument defines the maximum relative difference
+/// of the `left` and `right` values.
+///
+/// On panic, this macro will print the values of the arguments and
+/// the actual relative difference.
+///
+/// Like [`assert_eq!`], this macro has a second form, where a custom
+/// panic message can be provided.
+#[macro_export]
+macro_rules! assert_approx_eq {
+    ($left:expr, $right:expr, $max_rel_diff:expr $(,)?) => {{
+        $crate::test_utils::assert_approx_eq_impl($left, $right, $max_rel_diff, None);
+    }};
+    ($left:expr, $right:expr, $max_rel_diff:expr, $($args:tt)+) => {{
+        $crate::test_utils::assert_approx_eq_impl($left, $right, $max_rel_diff, Some(format!($($args)*)));
+    }};
+}
+
+#[track_caller]
+pub fn assert_approx_eq_impl<U: Into<Uint128>>(
+    left: U,
+    right: U,
+    max_rel_diff: &str,
+    panic_msg: Option<String>,
+) {
+    let left = left.into();
+    let right = right.into();
+    let max_rel_diff = Decimal::from_str(max_rel_diff).unwrap();
+
+    let largest = std::cmp::max(left, right);
+    let rel_diff = Decimal::from_ratio(left.abs_diff(right), largest);
+
+    if rel_diff > max_rel_diff {
+        match panic_msg {
+            Some(panic_msg) => panic!(
+                "assertion failed: `(left ≈ right)`\nleft: {}\nright: {}\nrelative difference: {}\nmax allowed relative difference: {}\n: {}",
+                left, right, rel_diff, max_rel_diff, panic_msg
+            ),
+            None => panic!(
+                "assertion failed: `(left ≈ right)`\nleft: {}\nright: {}\nrelative difference: {}\nmax allowed relative difference: {}\n",
+                left, right, rel_diff, max_rel_diff
+            ),
+        }
+    }
+}
+
+mod tests {
+    #[test]
+    fn assert_approx() {
+        assert_approx_eq!(9_u32, 10_u32, "0.12");
+        assert_approx_eq!(9_u64, 10_u64, "0.12");
+        assert_approx_eq!(
+            9_000_000_000_000_000_000_000_000_000_000_000_000_u128,
+            10_000_000_000_000_000_000_000_000_000_000_000_000_u128,
+            "0.10"
+        );
+    }
+
+    #[test]
+    fn assert_approx_with_vars() {
+        let a = 66_u32;
+        let b = 67_u32;
+        assert_approx_eq!(a, b, "0.02");
+
+        let a = 66_u64;
+        let b = 67_u64;
+        assert_approx_eq!(a, b, "0.02");
+
+        let a = 66_u128;
+        let b = 67_u128;
+        assert_approx_eq!(a, b, "0.02");
+    }
+
+    #[test]
+    #[should_panic(
+        expected = "assertion failed: `(left ≈ right)`\nleft: 8\nright: 10\nrelative difference: 0.2\nmax allowed relative difference: 0.12\n"
+    )]
+    fn assert_approx_fail() {
+        assert_approx_eq!(8_u32, 10_u32, "0.12");
+    }
+
+    #[test]
+    #[should_panic(
+        expected = "assertion failed: `(left ≈ right)`\nleft: 17\nright: 20\nrelative difference: 0.15\nmax allowed relative difference: 0.12\n: some extra info about the error"
+    )]
+    fn assert_approx_with_custom_panic_msg() {
+        assert_approx_eq!(
+            17_u32,
+            20_u32,
+            "0.12",
+            "some extra {} about the error",
+            "info"
+        );
+    }
+}