BESIX vs. WEDIX

Last updated Jun 23, 2026

BESIX (William Blair Emerging Markets Small Cap Growth Fund) and WEDIX (William Blair Emerging Markets Debt Fund) are both mutual funds - BESIX is a Emerging Markets Diversified fund managed by William Blair, while WEDIX is a Emerging Markets Bonds fund managed by William Blair. Over the past 5 years, BESIX returned 6.90%/yr vs 3.71%/yr for WEDIX. At a 0.35 correlation, their price movements are largely independent. BESIX charges 1.30%/yr vs 0.70%/yr for WEDIX.

Performance

BESIX vs. WEDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in William Blair Emerging Markets Small Cap Growth Fund (BESIX) and William Blair Emerging Markets Debt Fund (WEDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BESIX achieves a 23.82% return, which is significantly higher than WEDIX's 4.83% return.

BESIX

• 1D: 1.80%
• 1M: 2.59%
• YTD: 23.82%
• 6M: 25.61%
• 1Y: 41.66%
• 3Y*: 18.06%
• 5Y*: 6.90%
• 10Y*: 9.89%

WEDIX

• 1D: 0.11%
• 1M: 2.54%
• YTD: 4.83%
• 6M: 5.51%
• 1Y: 16.75%
• 3Y*: 12.98%
• 5Y*: 3.71%
• 10Y*: —

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

BESIX vs. WEDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BESIX William Blair Emerging Markets Small Cap Growth Fund	23.82%	13.93%	8.37%	22.25%	-27.95%	8.23%
WEDIX William Blair Emerging Markets Debt Fund	4.83%	16.13%	9.09%	12.18%	-18.02%	-1.05%

Correlation

The correlation between BESIX and WEDIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 25, 2021	0.35

Return for Risk

BESIX vs. WEDIX — Risk / Return Rank

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

BESIX

BESIX Risk / Return Rank: 65
BESIX Sharpe Ratio Rank: 65
BESIX Sortino Ratio Rank: 57
BESIX Omega Ratio Rank: 60
BESIX Calmar Ratio Rank: 83
BESIX Martin Ratio Rank: 62

WEDIX

WEDIX Risk / Return Rank: 93
WEDIX Sharpe Ratio Rank: 98
WEDIX Sortino Ratio Rank: 97
WEDIX Omega Ratio Rank: 94
WEDIX Calmar Ratio Rank: 84
WEDIX Martin Ratio Rank: 90

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.

BESIX vs. WEDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for William Blair Emerging Markets Small Cap Growth Fund (BESIX) and William Blair Emerging Markets Debt Fund (WEDIX). 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.

	BESIX	WEDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	3.44	-1.26
Sortino ratio: Return per unit of downside risk	2.90	5.64	-2.74
Omega ratio: Gain probability vs. loss probability	1.39	1.71	-0.32
Calmar ratio: Return relative to maximum drawdown	3.61	3.76	-0.15
Martin ratio: Return relative to average drawdown	11.44	16.33	-4.89

BESIX vs. WEDIX - Sharpe Ratio Comparison

The current BESIX Sharpe Ratio is 2.17, which is lower than the WEDIX Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of BESIX and WEDIX, 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

BESIX vs. WEDIX - Drawdown Comparison

The maximum BESIX drawdown since its inception was -38.05%, which is greater than WEDIX's maximum drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for BESIX and WEDIX.

Drawdown Indicators

	BESIX	WEDIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.05%	-30.80%	-7.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-4.46%	-6.99%
Max Drawdown (3Y) Largest decline over 3 years	-21.34%	-7.43%	-13.91%
Max Drawdown (5Y) Largest decline over 5 years	-31.41%	-30.80%	-0.61%
Max Drawdown (10Y) Largest decline over 10 years	-38.05%	—	—
Current Drawdown Current decline from peak	-1.10%	-0.11%	-0.99%
Average Drawdown Average peak-to-trough decline	-10.17%	-9.17%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	1.02%	+2.58%

Volatility

BESIX vs. WEDIX - Volatility Comparison

William Blair Emerging Markets Small Cap Growth Fund (BESIX) has a higher volatility of 8.00% compared to William Blair Emerging Markets Debt Fund (WEDIX) at 1.29%. This indicates that BESIX's price experiences larger fluctuations and is considered to be riskier than WEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BESIX	WEDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	1.29%	+6.71%
Volatility (6M) Calculated over the trailing 6-month period	16.27%	3.86%	+12.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	4.87%	+14.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.31%	7.26%	+8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	7.23%	+9.13%

BESIX vs. WEDIX - Expense Ratio Comparison

BESIX has a 1.30% expense ratio, which is higher than WEDIX's 0.70% expense ratio.

Dividends

BESIX vs. WEDIX - Dividend Comparison

BESIX's dividend yield for the trailing twelve months is around 7.70%, more than WEDIX's 6.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BESIX William Blair Emerging Markets Small Cap Growth Fund	7.70%	9.53%	0.00%	0.26%	4.84%	8.51%	0.04%	0.16%	2.32%	3.17%	2.67%	4.17%
WEDIX William Blair Emerging Markets Debt Fund	6.26%	6.32%	6.53%	5.37%	5.85%	3.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BESIX and WEDIX in my portfolio?

BESIX and WEDIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BESIX or WEDIX?

BESIX has higher volatility (8.00%) compared to WEDIX (1.29%). In terms of maximum drawdown, BESIX dropped -38.05% vs WEDIX's -30.80%.

Which has better risk-adjusted returns?

WEDIX currently has the higher Sharpe Ratio (3.44 vs 2.17), 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.