CZMGX vs. WFSPX
CZMGX (Multi-Manager Growth Strategies Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - CZMGX is a Large Cap Growth Equities fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, CZMGX returned 13.66%/yr vs 13.97%/yr for WFSPX. Their correlation of 0.92 suggests significant overlap in exposure. CZMGX charges 0.74%/yr vs 0.03%/yr for WFSPX.
Performance
CZMGX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, CZMGX achieves a 9.32% return, which is significantly lower than WFSPX's 11.33% return.
CZMGX
- 1D
- 0.09%
- 1M
- 3.65%
- YTD
- 9.32%
- 6M
- 8.24%
- 1Y
- 24.55%
- 3Y*
- 24.62%
- 5Y*
- 13.66%
- 10Y*
- —
WFSPX
- 1D
- 0.42%
- 1M
- 3.11%
- YTD
- 11.33%
- 6M
- 11.01%
- 1Y
- 29.18%
- 3Y*
- 22.66%
- 5Y*
- 13.97%
- 10Y*
- 15.45%
CZMGX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZMGX Multi-Manager Growth Strategies Fund | 9.32% | 15.18% | 34.55% | 41.78% | -29.41% | 19.80% | 33.39% | 33.59% | -12.36% | 25.10% |
WFSPX iShares S&P 500 Index Fund | 11.33% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 18.95% |
Correlation
The correlation between CZMGX and WFSPX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017 | 0.92 |
The correlation between CZMGX and WFSPX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
CZMGX vs. WFSPX — Risk / Return Rank
CZMGX
WFSPX
CZMGX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Growth Strategies Fund (CZMGX) and iShares S&P 500 Index Fund (WFSPX). 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.
| CZMGX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.22 | -1.78 |
| Martin ratioReturn relative to average drawdown | 4.68 | 15.03 | -10.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CZMGX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.41 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.83 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.13 | +0.60 |
Drawdowns
CZMGX vs. WFSPX - Drawdown Comparison
The maximum CZMGX drawdown since its inception was -35.23%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for CZMGX and WFSPX.
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Drawdown Indicators
| CZMGX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.23% | -58.21% | +22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -8.90% | -7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -22.71% | -18.74% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -35.23% | -24.51% | -10.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.74% | — |
Current DrawdownCurrent decline from peak | -0.86% | -0.32% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -12.77% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 1.90% | +3.17% |
Volatility
CZMGX vs. WFSPX - Volatility Comparison
Multi-Manager Growth Strategies Fund (CZMGX) has a higher volatility of 3.58% compared to iShares S&P 500 Index Fund (WFSPX) at 2.87%. This indicates that CZMGX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZMGX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 2.87% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 8.99% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 11.87% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 16.88% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 18.02% | +3.81% |
CZMGX vs. WFSPX - Expense Ratio Comparison
CZMGX has a 0.74% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
CZMGX vs. WFSPX - Dividend Comparison
CZMGX has not paid dividends to shareholders, while WFSPX's dividend yield for the trailing twelve months is around 1.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZMGX Multi-Manager Growth Strategies Fund | 0.00% | 11.02% | 10.86% | 5.59% | 10.39% | 15.19% | 5.04% | 5.53% | 6.87% | 4.66% | 0.00% | 0.00% |
WFSPX iShares S&P 500 Index Fund | 1.57% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
With a correlation of 0.93, CZMGX and WFSPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CZMGX has higher volatility (3.58%) compared to WFSPX (2.87%). In terms of maximum drawdown, CZMGX dropped -35.23% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.41 vs 1.51), 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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