TRCLX vs. WCQGX
TRCLX (T. Rowe Price China Evolution Equity Fund) and WCQGX (WCM China Quality Growth Fund) are both mutual funds - TRCLX is a China Equities fund managed by T. Rowe Price, while WCQGX is a Quality Factor fund managed by WCM. Over the past 5 years, TRCLX returned 2.02%/yr vs -8.76%/yr for WCQGX. Their correlation of 0.83 means they have usually moved in the same direction. TRCLX charges 1.04%/yr vs 1.50%/yr for WCQGX.
Performance
TRCLX vs. WCQGX - Performance Comparison
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Returns By Period
In the year-to-date period, TRCLX achieves a 18.94% return, which is significantly higher than WCQGX's -6.65% return.
TRCLX
- 1D
- 0.18%
- 1M
- -11.88%
- 6M
- 8.51%
- YTD
- 18.94%
- 1Y
- 42.58%
- 3Y*
- 15.02%
- 5Y*
- 2.02%
- 10Y*
- —
- ALL TIME*
- 11.17%
WCQGX
- 1D
- 0.44%
- 1M
- -15.15%
- 6M
- -11.79%
- YTD
- -6.65%
- 1Y
- -1.37%
- 3Y*
- -1.75%
- 5Y*
- -8.76%
- 10Y*
- —
- ALL TIME*
- 1.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRCLX vs. WCQGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRCLX T. Rowe Price China Evolution Equity Fund | 18.94% | 36.23% | 10.95% | -15.51% | -26.24% | 6.28% | 63.42% |
WCQGX WCM China Quality Growth Fund | -6.65% | 20.97% | -3.03% | -18.49% | -26.70% | 4.03% | 64.08% |
Correlation
The correlation between TRCLX and WCQGX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020 | 0.83 |
The correlation between TRCLX and WCQGX has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
TRCLX vs. WCQGX — Risk / Return Rank
TRCLX
WCQGX
TRCLX vs. WCQGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price China Evolution Equity Fund (TRCLX) and WCM China Quality Growth Fund (WCQGX). 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.
| TRCLX | WCQGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.00 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.18 | +2.48 |
| Martin ratioReturn relative to average drawdown | 8.66 | -0.51 | +9.17 |
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Drawdowns
TRCLX vs. WCQGX - Drawdown Comparison
The maximum TRCLX drawdown since its inception was -50.67%, smaller than the maximum WCQGX drawdown of -59.28%. Use the drawdown chart below to compare losses from any high point for TRCLX and WCQGX.
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Drawdown Indicators
| TRCLX | WCQGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.67% | -59.28% | +8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -22.31% | +4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -27.02% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | -53.96% | +6.25% |
Current DrawdownCurrent decline from peak | -16.27% | -46.21% | +29.94% |
Average DrawdownAverage peak-to-trough decline | -22.36% | -34.38% | +12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 7.89% | -3.28% |
Volatility
TRCLX vs. WCQGX - Volatility Comparison
The current volatility for T. Rowe Price China Evolution Equity Fund (TRCLX) is 11.25%, while WCM China Quality Growth Fund (WCQGX) has a volatility of 14.46%. This indicates that TRCLX experiences smaller price fluctuations and is considered to be less risky than WCQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRCLX | WCQGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 14.46% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 24.61% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.19% | 28.71% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.68% | 24.80% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.85% | 24.82% | -0.97% |
TRCLX vs. WCQGX - Expense Ratio Comparison
TRCLX has a 1.04% expense ratio, which is lower than WCQGX's 1.50% expense ratio.
Dividends
TRCLX vs. WCQGX - Dividend Comparison
TRCLX's dividend yield for the trailing twelve months is around 1.37%, less than WCQGX's 7.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TRCLX T. Rowe Price China Evolution Equity Fund | 1.37% | 1.64% | 1.78% | 2.56% | 2.76% | 8.23% | 1.50% | 0.01% |
WCQGX WCM China Quality Growth Fund | 7.14% | 6.67% | 2.02% | 0.82% | 0.28% | 8.54% | 2.38% | 0.00% |
Frequently Asked Questions
TRCLX and WCQGX 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.
WCQGX has higher volatility (14.46%) compared to TRCLX (11.25%). In terms of maximum drawdown, TRCLX dropped -50.67% vs WCQGX's -59.28%.
TRCLX currently has the higher Sharpe Ratio (1.72 vs -0.14), 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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