JOEMX vs. WCFOX

Last updated Jun 3, 2026

JOEMX (JOHCM Emerging Markets Opportunities Fund) and WCFOX (WCM Focused International Opportunities Fund) are both mutual funds - JOEMX is a Emerging Markets Diversified fund managed by JOHCM Funds, while WCFOX is a Foreign Small & Mid Cap Equities fund managed by WCM Investment Management. Over the past 5 years, JOEMX returned 7.58%/yr vs 6.32%/yr for WCFOX. A 0.63 correlation means they provide meaningful diversification when combined. JOEMX charges 1.02%/yr vs 1.50%/yr for WCFOX.

Performance

JOEMX vs. WCFOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JOHCM Emerging Markets Opportunities Fund (JOEMX) and WCM Focused International Opportunities Fund (WCFOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JOEMX achieves a 20.59% return, which is significantly higher than WCFOX's 13.47% return.

JOEMX

• 1D: 0.39%
• 1M: 8.31%
• YTD: 20.59%
• 6M: 23.38%
• 1Y: 44.53%
• 3Y*: 21.59%
• 5Y*: 7.58%
• 10Y*: 9.94%

WCFOX

• 1D: 0.28%
• 1M: 5.58%
• YTD: 13.47%
• 6M: 15.10%
• 1Y: 26.23%
• 3Y*: 20.28%
• 5Y*: 6.32%
• 10Y*: —

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

JOEMX vs. WCFOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JOEMX JOHCM Emerging Markets Opportunities Fund	20.59%	36.38%	6.03%	7.18%	-15.74%	-5.64%
WCFOX WCM Focused International Opportunities Fund	13.47%	31.45%	6.14%	25.65%	-35.42%	7.30%

Correlation

The correlation between JOEMX and WCFOX is 0.59, 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	0.59
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 May 26, 2021	0.63

The correlation between JOEMX and WCFOX has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

Return for Risk

JOEMX vs. WCFOX — Risk / Return Rank

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

JOEMX

JOEMX Risk / Return Rank: 66
JOEMX Sharpe Ratio Rank: 81
JOEMX Sortino Ratio Rank: 64
JOEMX Omega Ratio Rank: 74
JOEMX Calmar Ratio Rank: 57
JOEMX Martin Ratio Rank: 55

WCFOX

WCFOX Risk / Return Rank: 25
WCFOX Sharpe Ratio Rank: 25
WCFOX Sortino Ratio Rank: 24
WCFOX Omega Ratio Rank: 26
WCFOX Calmar Ratio Rank: 24
WCFOX Martin Ratio Rank: 26

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.

JOEMX vs. WCFOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JOHCM Emerging Markets Opportunities Fund (JOEMX) and WCM Focused International Opportunities Fund (WCFOX). 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.

	JOEMX	WCFOX	Difference
Sharpe ratio Return per unit of total volatility	2.63	1.43	+1.20
Sortino ratio Return per unit of downside risk	3.36	2.06	+1.30
Omega ratio Gain probability vs. loss probability	1.49	1.27	+0.22
Calmar ratio Return relative to maximum drawdown	2.91	1.81	+1.10
Martin ratio Return relative to average drawdown	11.12	6.36	+4.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JOEMX vs. WCFOX - Sharpe Ratio Comparison

The current JOEMX Sharpe Ratio is 2.63, which is higher than the WCFOX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of JOEMX and WCFOX, 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

	JOEMX	WCFOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	1.43	+1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.30	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.31	+0.06

Drawdowns

JOEMX vs. WCFOX - Drawdown Comparison

The maximum JOEMX drawdown since its inception was -38.23%, smaller than the maximum WCFOX drawdown of -49.83%. Use the drawdown chart below to compare losses from any high point for JOEMX and WCFOX.

Drawdown Indicators

	JOEMX	WCFOX	Difference
Max Drawdown Largest peak-to-trough decline	-38.23%	-49.83%	+11.60%
Max Drawdown (1Y) Largest decline over 1 year	-15.66%	-15.13%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-15.73%	-19.34%	+3.61%
Max Drawdown (5Y) Largest decline over 5 years	-29.48%	-49.83%	+20.35%
Max Drawdown (10Y) Largest decline over 10 years	-38.23%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.57%	-21.72%	+10.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	4.31%	-0.21%

Volatility

JOEMX vs. WCFOX - Volatility Comparison

The current volatility for JOHCM Emerging Markets Opportunities Fund (JOEMX) is 5.55%, while WCM Focused International Opportunities Fund (WCFOX) has a volatility of 6.23%. This indicates that JOEMX experiences smaller price fluctuations and is considered to be less risky than WCFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JOEMX	WCFOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	6.23%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	14.79%	16.77%	-1.98%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	19.42%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	21.38%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	21.35%	-4.26%

JOEMX vs. WCFOX - Expense Ratio Comparison

JOEMX has a 1.02% expense ratio, which is lower than WCFOX's 1.50% expense ratio.

Dividends

JOEMX vs. WCFOX - Dividend Comparison

JOEMX's dividend yield for the trailing twelve months is around 3.34%, more than WCFOX's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JOEMX JOHCM Emerging Markets Opportunities Fund	3.34%	4.03%	1.22%	1.76%	2.08%	3.67%	1.13%	3.85%	4.55%	0.63%	0.86%
WCFOX WCM Focused International Opportunities Fund	0.29%	0.33%	3.57%	0.24%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JOEMX and WCFOX in my portfolio?

JOEMX and WCFOX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JOEMX or WCFOX?

WCFOX has higher volatility (6.23%) compared to JOEMX (5.55%). In terms of maximum drawdown, JOEMX dropped -38.23% vs WCFOX's -49.83%.

Which has better risk-adjusted returns?

JOEMX currently has the higher Sharpe Ratio (2.63 vs 1.43), 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.