IMTM vs. WCMIX

Last updated Jun 4, 2026

IMTM (iShares MSCI Intl Momentum Factor ETF) and WCMIX (WCM Focused International Growth Fund) are both funds - IMTM is a Momentum fund tracking the MSCI World ex USA Momentum, while WCMIX is a Foreign Large Cap Equities fund managed by WCM Investment Management. Over the past 10 years, IMTM returned 10.29%/yr vs 11.53%/yr for WCMIX. A 0.79 correlation means they provide meaningful diversification when combined. IMTM charges 0.30%/yr vs 1.04%/yr for WCMIX.

Performance

IMTM vs. WCMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Momentum Factor ETF (IMTM) and WCM Focused International Growth Fund (WCMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IMTM having a 11.05% return and WCMIX slightly higher at 11.21%. Over the past 10 years, IMTM has underperformed WCMIX with an annualized return of 10.29%, while WCMIX has yielded a comparatively higher 11.53% annualized return.

IMTM

• 1D: -0.39%
• 1M: 4.43%
• YTD: 11.05%
• 6M: 14.04%
• 1Y: 23.92%
• 3Y*: 21.55%
• 5Y*: 9.00%
• 10Y*: 10.29%

WCMIX

• 1D: -0.11%
• 1M: 3.21%
• YTD: 11.21%
• 6M: 12.42%
• 1Y: 10.59%
• 3Y*: 14.15%
• 5Y*: 5.32%
• 10Y*: 11.53%

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

IMTM vs. WCMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMTM iShares MSCI Intl Momentum Factor ETF	11.05%	34.50%	12.17%	13.89%	-16.81%	3.50%	22.17%	24.52%	-14.31%	25.46%
WCMIX WCM Focused International Growth Fund	11.21%	20.92%	6.96%	16.56%	-28.90%	17.08%	32.80%	35.19%	-7.37%	31.24%

Correlation

The correlation between IMTM and WCMIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 27, 2015	0.79

The correlation between IMTM and WCMIX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

IMTM vs. WCMIX — Risk / Return Rank

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

IMTM

IMTM Risk / Return Rank: 40
IMTM Sharpe Ratio Rank: 39
IMTM Sortino Ratio Rank: 39
IMTM Omega Ratio Rank: 39
IMTM Calmar Ratio Rank: 37
IMTM Martin Ratio Rank: 45

WCMIX

WCMIX Risk / Return Rank: 8
WCMIX Sharpe Ratio Rank: 8
WCMIX Sortino Ratio Rank: 8
WCMIX Omega Ratio Rank: 8
WCMIX Calmar Ratio Rank: 9
WCMIX Martin Ratio Rank: 9

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.

IMTM vs. WCMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) and WCM Focused International Growth Fund (WCMIX). 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.

	IMTM	WCMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.66	+0.75
Sortino ratio: Return per unit of downside risk	2.07	1.07	+1.00
Omega ratio: Gain probability vs. loss probability	1.26	1.13	+0.13
Calmar ratio: Return relative to maximum drawdown	1.87	0.88	+0.99
Martin ratio: Return relative to average drawdown	7.46	2.63	+4.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMTM vs. WCMIX - Sharpe Ratio Comparison

The current IMTM Sharpe Ratio is 1.41, which is higher than the WCMIX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of IMTM and WCMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IMTM	WCMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.66	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.27	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.61	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.53	-0.03

Drawdowns

IMTM vs. WCMIX - Drawdown Comparison

The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum WCMIX drawdown of -39.69%. Use the drawdown chart below to compare losses from any high point for IMTM and WCMIX.

Drawdown Indicators

	IMTM	WCMIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-39.69%	+7.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.85%	-12.95%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.85%	-16.56%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-39.69%	+7.03%
Max Drawdown (10Y) Largest decline over 10 years	-32.66%	-39.69%	+7.03%
Current Drawdown Current decline from peak	-0.39%	-0.97%	+0.58%
Average Drawdown Average peak-to-trough decline	-7.45%	-7.48%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	4.31%	-1.10%

Volatility

IMTM vs. WCMIX - Volatility Comparison

iShares MSCI Intl Momentum Factor ETF (IMTM) and WCM Focused International Growth Fund (WCMIX) have volatilities of 5.48% and 5.25%, 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

	IMTM	WCMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	5.25%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	14.72%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	17.20%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	19.81%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	19.02%	-1.38%

IMTM vs. WCMIX - Expense Ratio Comparison

IMTM has a 0.30% expense ratio, which is lower than WCMIX's 1.04% expense ratio.

Dividends

IMTM vs. WCMIX - Dividend Comparison

IMTM's dividend yield for the trailing twelve months is around 4.23%, less than WCMIX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMTM iShares MSCI Intl Momentum Factor ETF	4.23%	4.70%	2.93%	2.29%	2.68%	2.51%	0.97%	2.13%	2.36%	1.92%	2.75%	1.56%
WCMIX WCM Focused International Growth Fund	5.16%	5.73%	12.78%	0.65%	0.11%	4.60%	1.42%	0.22%	4.17%	0.46%	2.09%	1.20%

Frequently Asked Questions

Can I hold both IMTM and WCMIX in my portfolio?

IMTM and WCMIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMTM or WCMIX?

IMTM has higher volatility (5.48%) compared to WCMIX (5.25%). In terms of maximum drawdown, IMTM dropped -32.66% vs WCMIX's -39.69%.

Which has better risk-adjusted returns?

IMTM currently has the higher Sharpe Ratio (1.41 vs 0.66), 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.