EWMC vs. WCEO

Last updated Jun 24, 2026

EWMC (Invesco S&P MidCap 400 GARP ETF) and WCEO (Hypatia Women CEO ETF) are both Small Cap Blend Equities funds. EWMC is passively managed, while WCEO is actively managed. Over the past 3 years, EWMC returned 14.49%/yr vs 15.18%/yr for WCEO. Their correlation of 0.89 suggests significant overlap in exposure. EWMC charges 0.35%/yr vs 0.85%/yr for WCEO.

Performance

EWMC vs. WCEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400 GARP ETF (EWMC) and Hypatia Women CEO ETF (WCEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EWMC achieves a 6.14% return, which is significantly lower than WCEO's 13.01% return.

EWMC

• 1D: 0.27%
• 1M: 0.27%
• YTD: 6.14%
• 6M: 4.64%
• 1Y: 19.85%
• 3Y*: 14.49%
• 5Y*: 7.76%
• 10Y*: 11.23%

WCEO

• 1D: 0.08%
• 1M: 3.28%
• YTD: 13.01%
• 6M: 11.61%
• 1Y: 29.55%
• 3Y*: 15.18%
• 5Y*: —
• 10Y*: —

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

EWMC vs. WCEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EWMC Invesco S&P MidCap 400 GARP ETF	6.14%	7.81%	15.67%	15.43%
WCEO Hypatia Women CEO ETF	13.01%	9.77%	8.28%	10.51%

Correlation

The correlation between EWMC and WCEO is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 9, 2023	0.89

The correlation between EWMC and WCEO has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

EWMC vs. WCEO - Sectors Allocation Comparison

Sectors	EWMC	WCEO
Industrials	17.9%	13.0%
Consumer Cyclical	16.0%	14.5%
Financial Services	13.8%	16.1%
Technology	13.3%	18.3%
Healthcare	9.8%	10.6%
Real Estate	7.8%	6.0%
Basic Materials	5.9%	5.2%
Energy	5.1%	6.8%
Consumer Defensive	5.0%	3.0%
Utilities	3.4%	2.0%
Communication Services	2.0%	4.5%

Return for Risk

EWMC vs. WCEO — Risk / Return Rank

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

EWMC

EWMC Risk / Return Rank: 43
EWMC Sharpe Ratio Rank: 37
EWMC Sortino Ratio Rank: 38
EWMC Omega Ratio Rank: 33
EWMC Calmar Ratio Rank: 57
EWMC Martin Ratio Rank: 48

WCEO

WCEO Risk / Return Rank: 70
WCEO Sharpe Ratio Rank: 64
WCEO Sortino Ratio Rank: 68
WCEO Omega Ratio Rank: 59
WCEO Calmar Ratio Rank: 84
WCEO Martin Ratio Rank: 75

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.

EWMC vs. WCEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400 GARP ETF (EWMC) and Hypatia Women CEO ETF (WCEO). 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.

	EWMC	WCEO	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.95	-0.72
Sortino ratio: Return per unit of downside risk	1.84	2.89	-1.05
Omega ratio: Gain probability vs. loss probability	1.22	1.33	-0.12
Calmar ratio: Return relative to maximum drawdown	2.62	4.27	-1.65
Martin ratio: Return relative to average drawdown	7.66	13.27	-5.61

EWMC vs. WCEO - Sharpe Ratio Comparison

The current EWMC Sharpe Ratio is 1.24, which is lower than the WCEO Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of EWMC and WCEO, 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

EWMC vs. WCEO - Drawdown Comparison

The maximum EWMC drawdown since its inception was -43.12%, which is greater than WCEO's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for EWMC and WCEO.

Drawdown Indicators

	EWMC	WCEO	Difference
Max Drawdown Largest peak-to-trough decline	-43.12%	-25.88%	-17.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-6.96%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-28.09%	-25.88%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-28.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.12%	—	—
Current Drawdown Current decline from peak	-2.49%	-0.48%	-2.01%
Average Drawdown Average peak-to-trough decline	-5.69%	-5.44%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.23%	+0.37%

Volatility

EWMC vs. WCEO - Volatility Comparison

Invesco S&P MidCap 400 GARP ETF (EWMC) and Hypatia Women CEO ETF (WCEO) have volatilities of 3.73% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EWMC	WCEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.75%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	10.42%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	15.22%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	18.07%	+2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	18.07%	+4.15%

EWMC vs. WCEO - Expense Ratio Comparison

EWMC has a 0.35% expense ratio, which is lower than WCEO's 0.85% expense ratio.

Dividends

EWMC vs. WCEO - Dividend Comparison

EWMC's dividend yield for the trailing twelve months is around 0.75%, more than WCEO's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWMC Invesco S&P MidCap 400 GARP ETF	0.75%	1.19%	0.95%	0.96%	1.28%	0.92%	1.16%	1.25%	1.50%	1.14%	1.00%	1.43%
WCEO Hypatia Women CEO ETF	0.57%	0.64%	0.88%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EWMC and WCEO in my portfolio?

EWMC and WCEO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EWMC or WCEO?

WCEO has higher volatility (3.75%) compared to EWMC (3.73%). In terms of maximum drawdown, EWMC dropped -43.12% vs WCEO's -25.88%.

Which ETF is better, EWMC or WCEO?

On 3-year performance, WCEO leads with 15.18% vs 14.49% for EWMC. On fees, EWMC is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EWMC or WCEO?

Over the 3-year period, WCEO has performed better with a 15.18% return vs 14.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EWMC or WCEO?

EWMC is cheaper with a 0.35% expense ratio, compared with 0.85% for WCEO.

Which ETF pays a higher dividend yield, EWMC or WCEO?

EWMC has the higher dividend yield at 0.75%, compared with 0.57% for WCEO.

What is the main difference between EWMC and WCEO?

They also come from different issuers: Invesco and Hypatia Capital. Their fees differ too: 0.35% for EWMC and 0.85% for WCEO.

Which has better risk-adjusted returns?

WCEO currently has the higher Sharpe Ratio (1.95 vs 1.24), 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.