EMXC vs. WGROX
EMXC (iShares MSCI Emerging Markets ex China ETF) and WGROX (Wasatch Core Growth Fund) are both funds - EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while WGROX is a Small Cap Growth Equities fund managed by Wasatch. Over the past 5 years, EMXC returned 11.14%/yr vs 1.27%/yr for WGROX. A 0.59 correlation means they provide meaningful diversification when combined. EMXC charges 0.49%/yr vs 1.17%/yr for WGROX.
Performance
EMXC vs. WGROX - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC achieves a 26.88% return, which is significantly higher than WGROX's 5.21% return.
EMXC
- 1D
- -0.12%
- 1M
- -13.31%
- 6M
- 19.25%
- YTD
- 26.88%
- 1Y
- 47.52%
- 3Y*
- 22.87%
- 5Y*
- 11.14%
- 10Y*
- —
- ALL TIME*
- 9.32%
WGROX
- 1D
- -1.36%
- 1M
- 0.19%
- 6M
- -1.84%
- YTD
- 5.21%
- 1Y
- -1.48%
- 3Y*
- 5.82%
- 5Y*
- 1.27%
- 10Y*
- 10.84%
- ALL TIME*
- 11.08%
EMXC vs. WGROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 26.88% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
WGROX Wasatch Core Growth Fund | 5.21% | -10.37% | 13.13% | 33.43% | -30.86% | 20.76% | 36.73% | 33.31% | -3.75% | 10.82% |
Correlation
The correlation between EMXC and WGROX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.59 |
The correlation between EMXC and WGROX has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
EMXC vs. WGROX — Risk / Return Rank
EMXC
WGROX
EMXC vs. WGROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and Wasatch Core Growth Fund (WGROX). 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.
| EMXC | WGROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.00 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | -0.14 | +3.45 |
| Martin ratioReturn relative to average drawdown | 10.67 | -0.36 | +11.02 |
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Drawdowns
EMXC vs. WGROX - Drawdown Comparison
The maximum EMXC drawdown since its inception was -42.81%, smaller than the maximum WGROX drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for EMXC and WGROX.
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Drawdown Indicators
| EMXC | WGROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -61.61% | +18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -15.58% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | -27.61% | +8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.91% | -40.16% | +11.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.16% | — |
Current DrawdownCurrent decline from peak | -13.92% | -14.65% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -9.91% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 6.14% | -1.67% |
Volatility
EMXC vs. WGROX - Volatility Comparison
iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 11.80% compared to Wasatch Core Growth Fund (WGROX) at 5.79%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier than WGROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXC | WGROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.80% | 5.79% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 24.94% | 14.75% | +10.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 19.67% | +6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 23.12% | -4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.38% | 23.31% | -2.93% |
EMXC vs. WGROX - Expense Ratio Comparison
EMXC has a 0.49% expense ratio, which is lower than WGROX's 1.17% expense ratio.
Dividends
EMXC vs. WGROX - Dividend Comparison
EMXC's dividend yield for the trailing twelve months is around 2.10%, less than WGROX's 8.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.10% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
WGROX Wasatch Core Growth Fund | 8.13% | 8.55% | 9.22% | 0.00% | 0.71% | 16.82% | 7.21% | 10.73% | 10.14% | 6.24% | 0.15% | 12.70% |
Frequently Asked Questions
EMXC and WGROX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (11.80%) compared to WGROX (5.79%). In terms of maximum drawdown, EMXC dropped -42.81% vs WGROX's -61.61%.
EMXC currently has the higher Sharpe Ratio (1.80 vs -0.11), 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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