LCGFX vs. WBCIX

Last updated Jun 24, 2026

LCGFX (William Blair Large Cap Growth Fund) and WBCIX (William Blair Small-Mid Cap Core Fund) are both mutual funds - LCGFX is a Large Cap Growth Equities fund managed by William Blair, while WBCIX is a Small Cap Blend Equities fund managed by William Blair. Over the past 5 years, LCGFX returned 8.79%/yr vs 5.38%/yr for WBCIX. A 0.73 correlation means they provide meaningful diversification when combined. LCGFX charges 0.65%/yr vs 1.25%/yr for WBCIX.

Performance

LCGFX vs. WBCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in William Blair Large Cap Growth Fund (LCGFX) and William Blair Small-Mid Cap Core Fund (WBCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCGFX achieves a 0.13% return, which is significantly lower than WBCIX's 13.42% return.

LCGFX

• 1D: -1.69%
• 1M: -2.49%
• YTD: 0.13%
• 6M: -0.72%
• 1Y: 10.24%
• 3Y*: 17.31%
• 5Y*: 8.79%
• 10Y*: 16.60%

WBCIX

• 1D: 0.16%
• 1M: 3.74%
• YTD: 13.42%
• 6M: 11.54%
• 1Y: 21.20%
• 3Y*: 11.84%
• 5Y*: 5.38%
• 10Y*: —

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

LCGFX vs. WBCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LCGFX William Blair Large Cap Growth Fund	0.13%	11.79%	26.09%	40.48%	-32.48%	28.29%	36.64%	9.60%
WBCIX William Blair Small-Mid Cap Core Fund	13.42%	1.29%	12.04%	13.26%	-17.11%	26.63%	20.60%	10.29%

Correlation

The correlation between LCGFX and WBCIX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019	0.73

The correlation between LCGFX and WBCIX shifts across timeframes, from 0.61 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LCGFX vs. WBCIX — Risk / Return Rank

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

LCGFX

LCGFX Risk / Return Rank: 8
LCGFX Sharpe Ratio Rank: 9
LCGFX Sortino Ratio Rank: 9
LCGFX Omega Ratio Rank: 9
LCGFX Calmar Ratio Rank: 6
LCGFX Martin Ratio Rank: 6

WBCIX

WBCIX Risk / Return Rank: 28
WBCIX Sharpe Ratio Rank: 25
WBCIX Sortino Ratio Rank: 25
WBCIX Omega Ratio Rank: 23
WBCIX Calmar Ratio Rank: 34
WBCIX Martin Ratio Rank: 34

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.

LCGFX vs. WBCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for William Blair Large Cap Growth Fund (LCGFX) and William Blair Small-Mid Cap Core Fund (WBCIX). 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.

	LCGFX	WBCIX	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.31	-0.61
Sortino ratio: Return per unit of downside risk	1.05	1.94	-0.90
Omega ratio: Gain probability vs. loss probability	1.13	1.23	-0.10
Calmar ratio: Return relative to maximum drawdown	0.55	2.07	-1.51
Martin ratio: Return relative to average drawdown	1.53	7.19	-5.66

LCGFX vs. WBCIX - Sharpe Ratio Comparison

The current LCGFX Sharpe Ratio is 0.71, which is lower than the WBCIX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of LCGFX and WBCIX, 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

LCGFX vs. WBCIX - Drawdown Comparison

The maximum LCGFX drawdown since its inception was -62.95%, which is greater than WBCIX's maximum drawdown of -39.56%. Use the drawdown chart below to compare losses from any high point for LCGFX and WBCIX.

Drawdown Indicators

	LCGFX	WBCIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.95%	-39.56%	-23.39%
Max Drawdown (1Y) Largest decline over 1 year	-20.59%	-11.06%	-9.53%
Max Drawdown (3Y) Largest decline over 3 years	-23.83%	-23.53%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-37.25%	-27.65%	-9.60%
Max Drawdown (10Y) Largest decline over 10 years	-37.25%	—	—
Current Drawdown Current decline from peak	-6.01%	0.00%	-6.01%
Average Drawdown Average peak-to-trough decline	-21.44%	-9.07%	-12.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.42%	3.17%	+4.25%

Volatility

LCGFX vs. WBCIX - Volatility Comparison

William Blair Large Cap Growth Fund (LCGFX) and William Blair Small-Mid Cap Core Fund (WBCIX) have volatilities of 5.89% and 5.65%, 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

	LCGFX	WBCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	5.65%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	13.17%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	17.42%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.87%	20.77%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.35%	23.80%	-2.45%

LCGFX vs. WBCIX - Expense Ratio Comparison

LCGFX has a 0.65% expense ratio, which is lower than WBCIX's 1.25% expense ratio.

Dividends

LCGFX vs. WBCIX - Dividend Comparison

LCGFX's dividend yield for the trailing twelve months is around 8.55%, more than WBCIX's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCGFX William Blair Large Cap Growth Fund	8.55%	8.56%	5.97%	0.00%	0.82%	4.29%	3.83%	6.46%	17.08%	0.56%	1.10%	9.86%
WBCIX William Blair Small-Mid Cap Core Fund	2.63%	2.98%	1.35%	0.15%	0.00%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCGFX and WBCIX in my portfolio?

LCGFX and WBCIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCGFX or WBCIX?

LCGFX has higher volatility (5.89%) compared to WBCIX (5.65%). In terms of maximum drawdown, LCGFX dropped -62.95% vs WBCIX's -39.56%.

Which has better risk-adjusted returns?

WBCIX currently has the higher Sharpe Ratio (1.31 vs 0.71), 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.