WCMEX vs. JEMWX

Last updated Jun 25, 2026

WCMEX (WCM Focused Emerging Markets Fund Institutional Class) and JEMWX (JPMorgan Emerging Markets Equity Fund Class R6) are both Emerging Markets Equities funds. Both are actively managed. Over the past 10 years, WCMEX returned 11.10%/yr vs 11.97%/yr for JEMWX. Their correlation of 0.90 suggests significant overlap in exposure. WCMEX charges 1.26%/yr vs 0.74%/yr for JEMWX.

Performance

WCMEX vs. JEMWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WCM Focused Emerging Markets Fund Institutional Class (WCMEX) and JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCMEX achieves a 25.22% return, which is significantly lower than JEMWX's 29.07% return. Over the past 10 years, WCMEX has underperformed JEMWX with an annualized return of 11.10%, while JEMWX has yielded a comparatively higher 11.97% annualized return.

WCMEX

• 1D: -4.03%
• 1M: 3.98%
• YTD: 25.22%
• 6M: 25.80%
• 1Y: 40.35%
• 3Y*: 23.60%
• 5Y*: 3.92%
• 10Y*: 11.10%

JEMWX

• 1D: -5.41%
• 1M: 3.05%
• YTD: 29.07%
• 6M: 30.70%
• 1Y: 55.70%
• 3Y*: 24.12%
• 5Y*: 5.54%
• 10Y*: 11.97%

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

WCMEX vs. JEMWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCMEX WCM Focused Emerging Markets Fund Institutional Class	25.22%	31.46%	10.07%	4.54%	-30.70%	-1.67%	36.52%	37.58%	-12.67%	40.91%
JEMWX JPMorgan Emerging Markets Equity Fund Class R6	29.07%	40.40%	3.61%	7.42%	-25.61%	-10.20%	35.00%	32.20%	-15.82%	42.84%

Correlation

The correlation between WCMEX and JEMWX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.90

The correlation between WCMEX and JEMWX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

WCMEX vs. JEMWX — Risk / Return Rank

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

WCMEX

WCMEX Risk / Return Rank: 72
WCMEX Sharpe Ratio Rank: 70
WCMEX Sortino Ratio Rank: 56
WCMEX Omega Ratio Rank: 69
WCMEX Calmar Ratio Rank: 90
WCMEX Martin Ratio Rank: 77

JEMWX

JEMWX Risk / Return Rank: 87
JEMWX Sharpe Ratio Rank: 90
JEMWX Sortino Ratio Rank: 73
JEMWX Omega Ratio Rank: 83
JEMWX Calmar Ratio Rank: 93
JEMWX Martin Ratio Rank: 94

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.

WCMEX vs. JEMWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WCM Focused Emerging Markets Fund Institutional Class (WCMEX) and JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX). 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.

	WCMEX	JEMWX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.67	-0.63
Sortino ratio: Return per unit of downside risk	2.60	3.19	-0.58
Omega ratio: Gain probability vs. loss probability	1.38	1.49	-0.11
Calmar ratio: Return relative to maximum drawdown	4.11	4.79	-0.68
Martin ratio: Return relative to average drawdown	12.24	18.74	-6.51

WCMEX vs. JEMWX - Sharpe Ratio Comparison

The current WCMEX Sharpe Ratio is 2.04, which is comparable to the JEMWX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of WCMEX and JEMWX, 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

WCMEX vs. JEMWX - Drawdown Comparison

The maximum WCMEX drawdown since its inception was -46.05%, smaller than the maximum JEMWX drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for WCMEX and JEMWX.

Drawdown Indicators

	WCMEX	JEMWX	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-49.42%	+3.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-12.55%	+1.81%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-15.01%	-4.04%
Max Drawdown (5Y) Largest decline over 5 years	-44.77%	-44.78%	+0.01%
Max Drawdown (10Y) Largest decline over 10 years	-46.05%	-49.42%	+3.37%
Current Drawdown Current decline from peak	-4.03%	-5.41%	+1.38%
Average Drawdown Average peak-to-trough decline	-14.65%	-17.36%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	3.20%	+0.38%

Volatility

WCMEX vs. JEMWX - Volatility Comparison

The current volatility for WCM Focused Emerging Markets Fund Institutional Class (WCMEX) is 11.52%, while JPMorgan Emerging Markets Equity Fund Class R6 (JEMWX) has a volatility of 12.70%. This indicates that WCMEX experiences smaller price fluctuations and is considered to be less risky than JEMWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCMEX	JEMWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	12.70%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	18.72%	19.97%	-1.25%
Volatility (1Y) Calculated over the trailing 1-year period	21.62%	22.49%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	19.89%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	19.69%	-0.73%

WCMEX vs. JEMWX - Expense Ratio Comparison

WCMEX has a 1.26% expense ratio, which is higher than JEMWX's 0.74% expense ratio.

Dividends

WCMEX vs. JEMWX - Dividend Comparison

WCMEX has not paid dividends to shareholders, while JEMWX's dividend yield for the trailing twelve months is around 1.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEMWX JPMorgan Emerging Markets Equity Fund Class R6	1.10%	1.42%	1.63%	1.67%	0.67%	4.01%	0.18%	0.88%	1.05%	0.55%	0.89%	1.13%
WCMEX WCM Focused Emerging Markets Fund Institutional Class	0.00%	0.00%	0.00%	0.46%	0.47%	4.37%	0.87%	0.37%	0.76%	0.76%	0.76%	0.42%

Frequently Asked Questions

Can I hold both WCMEX and JEMWX in my portfolio?

WCMEX and JEMWX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCMEX or JEMWX?

JEMWX has higher volatility (12.70%) compared to WCMEX (11.52%). In terms of maximum drawdown, WCMEX dropped -46.05% vs JEMWX's -49.42%.

Which has better risk-adjusted returns?

JEMWX currently has the higher Sharpe Ratio (2.67 vs 2.04), 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.