ACEYX vs. WCQGX

Last updated Aug 1, 2026

ACEYX (AB All China Equity Portfolio) and WCQGX (WCM China Quality Growth Fund) are both mutual funds - ACEYX is a China Equities fund managed by AllianceBernstein, while WCQGX is a Quality Factor fund managed by WCM. Over the past 5 years, ACEYX returned -0.93%/yr vs -8.76%/yr for WCQGX. Their correlation of 0.84 means they have usually moved in the same direction. ACEYX charges 1.25%/yr vs 1.50%/yr for WCQGX.

Performance

ACEYX vs. WCQGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB All China Equity Portfolio (ACEYX) and WCM China Quality Growth Fund (WCQGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEYX achieves a -1.57% return, which is significantly higher than WCQGX's -6.65% return.

ACEYX

• 1D: 1.01%
• 1M: 1.94%
• 6M: -6.98%
• YTD: -1.57%
• 1Y: 12.22%
• 3Y*: 10.56%
• 5Y*: -0.93%
• 10Y*: —
• ALL TIME*: 1.95%

WCQGX

• 1D: 0.44%
• 1M: -15.15%
• 6M: -11.79%
• YTD: -6.65%
• 1Y: -1.37%
• 3Y*: -1.75%
• 5Y*: -8.76%
• 10Y*: —
• ALL TIME*: 1.76%

*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)
ACEYX AB All China Equity Portfolio	$0.00	$0.00	$0.00
WCQGX WCM China Quality Growth Fund	$0.00	$0.00	$0.00

ACEYX vs. WCQGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ACEYX AB All China Equity Portfolio	-1.57%	33.91%	17.44%	-10.96%	-26.65%	-14.65%	39.80%
WCQGX WCM China Quality Growth Fund	-6.65%	20.97%	-3.03%	-18.49%	-26.70%	4.03%	64.08%

Correlation

The correlation between ACEYX and WCQGX is 0.81, 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.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020	0.84

The correlation between ACEYX and WCQGX has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

ACEYX vs. WCQGX — Risk / Return Rank

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

ACEYX

ACEYX Risk / Return Rank: 12
ACEYX Sharpe Ratio Rank: 11
ACEYX Sortino Ratio Rank: 12
ACEYX Omega Ratio Rank: 11
ACEYX Calmar Ratio Rank: 13
ACEYX Martin Ratio Rank: 10

WCQGX

WCQGX Risk / Return Rank: 3
WCQGX Sharpe Ratio Rank: 3
WCQGX Sortino Ratio Rank: 4
WCQGX Omega Ratio Rank: 4
WCQGX Calmar Ratio Rank: 3
WCQGX Martin Ratio Rank: 3

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.

ACEYX vs. WCQGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB All China Equity Portfolio (ACEYX) and WCM China Quality Growth Fund (WCQGX). 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.

	ACEYX	WCQGX	Difference
Sharpe ratio: Return per unit of total volatility	0.47	-0.14	+0.61
Sortino ratio: Return per unit of downside risk	0.77	-0.00	+0.77
Omega ratio: Gain probability vs. loss probability	1.09	1.00	+0.09
Calmar ratio: Return relative to maximum drawdown	0.68	-0.18	+0.86
Martin ratio: Return relative to average drawdown	1.45	-0.51	+1.96

ACEYX vs. WCQGX - Sharpe Ratio Comparison

The current ACEYX Sharpe Ratio is 0.47, which is higher than the WCQGX Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of ACEYX and WCQGX, 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

ACEYX vs. WCQGX - Drawdown Comparison

The maximum ACEYX drawdown since its inception was -57.58%, roughly equal to the maximum WCQGX drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for ACEYX and WCQGX.

Drawdown Indicators

	ACEYX	WCQGX	Difference
Max Drawdown Largest peak-to-trough decline	-57.58%	-59.28%	+1.70%
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	-22.31%	+8.17%
Max Drawdown (3Y) Largest decline over 3 years	-21.83%	-27.02%	+5.19%
Max Drawdown (5Y) Largest decline over 5 years	-47.59%	-53.96%	+6.37%
Current Drawdown Current decline from peak	-26.98%	-46.21%	+19.23%
Average Drawdown Average peak-to-trough decline	-27.73%	-34.38%	+6.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.60%	7.89%	-1.29%

Volatility

ACEYX vs. WCQGX - Volatility Comparison

The current volatility for AB All China Equity Portfolio (ACEYX) is 7.51%, while WCM China Quality Growth Fund (WCQGX) has a volatility of 14.46%. This indicates that ACEYX experiences smaller price fluctuations and is considered to be less risky than WCQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACEYX	WCQGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.51%	14.46%	-6.95%
Volatility (6M) Calculated over the trailing 6-month period	15.19%	24.61%	-9.42%
Volatility (1Y) Calculated over the trailing 1-year period	20.26%	28.71%	-8.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.29%	24.80%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	24.82%	-1.24%

ACEYX vs. WCQGX - Expense Ratio Comparison

ACEYX has a 1.25% expense ratio, which is lower than WCQGX's 1.50% expense ratio.

Dividends

ACEYX vs. WCQGX - Dividend Comparison

ACEYX's dividend yield for the trailing twelve months is around 5.04%, less than WCQGX's 7.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ACEYX AB All China Equity Portfolio	5.04%	4.97%	3.75%	2.17%	1.39%	1.81%	0.43%	1.13%
WCQGX WCM China Quality Growth Fund	7.14%	6.67%	2.02%	0.82%	0.28%	8.54%	2.38%	0.00%

Frequently Asked Questions

Can I hold both ACEYX and WCQGX in my portfolio?

ACEYX and WCQGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACEYX or WCQGX?

WCQGX has higher volatility (14.46%) compared to ACEYX (7.51%). In terms of maximum drawdown, ACEYX dropped -57.58% vs WCQGX's -59.28%.

Which has better risk-adjusted returns?

ACEYX currently has the higher Sharpe Ratio (0.47 vs -0.14), 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.