Running in the cold is a funky thing to do. Good rule of thumb is to expect to be cold for the first mile or so, and then shoot to dress like its 15 degrees warmer than it really is. In my experience at least, outer wear doesn't usually wick. Your inner base layers wick the sweat away, but thats it. The outer layer should be breathable to help with the inner wicking, but is really meant to be providing wind protection/warmth. Personally I would wear something like the Under Armor heat gear (or maybe cold gear, can never remember which is which) compression layer, with a hat and gloves. And even that might be a bit much.