WCMIX vs. IMTM
WCMIX (WCM Focused International Growth Fund) and IMTM (iShares MSCI Intl Momentum Factor ETF) are both funds - WCMIX is a Foreign Large Cap Equities fund managed by WCM Investment Management, while IMTM is a Momentum fund tracking the MSCI World ex USA Momentum Index. Over the past 10 years, WCMIX returned 12.15%/yr vs 10.52%/yr for IMTM. A 0.79 correlation means they provide meaningful diversification when combined. WCMIX charges 1.04%/yr vs 0.30%/yr for IMTM.
Performance
WCMIX vs. IMTM - Performance Comparison
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Returns By Period
In the year-to-date period, WCMIX achieves a 15.47% return, which is significantly higher than IMTM's 14.59% return. Over the past 10 years, WCMIX has outperformed IMTM with an annualized return of 12.15%, while IMTM has yielded a comparatively lower 10.52% annualized return.
WCMIX
- 1D
- 2.02%
- 1M
- 4.28%
- YTD
- 15.47%
- 6M
- 15.75%
- 1Y
- 16.54%
- 3Y*
- 15.11%
- 5Y*
- 5.80%
- 10Y*
- 12.15%
IMTM
- 1D
- 1.12%
- 1M
- 4.15%
- YTD
- 14.59%
- 6M
- 14.54%
- 1Y
- 29.54%
- 3Y*
- 22.75%
- 5Y*
- 10.33%
- 10Y*
- 10.52%
WCMIX vs. IMTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WCMIX WCM Focused International Growth Fund | 15.47% | 20.92% | 6.96% | 16.56% | -28.90% | 17.08% | 32.80% | 35.19% | -7.37% | 31.24% |
IMTM iShares MSCI Intl Momentum Factor ETF | 14.59% | 34.50% | 12.17% | 13.89% | -16.81% | 3.50% | 22.17% | 24.52% | -14.31% | 25.46% |
Correlation
The correlation between WCMIX and IMTM is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2015 | 0.79 |
The correlation between WCMIX and IMTM has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
WCMIX vs. IMTM — Risk / Return Rank
WCMIX
IMTM
WCMIX vs. IMTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WCM Focused International Growth Fund (WCMIX) and iShares MSCI Intl Momentum Factor ETF (IMTM). 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.
| WCMIX | IMTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.31 | -1.08 |
| Martin ratioReturn relative to average drawdown | 3.64 | 9.15 | -5.51 |
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Drawdowns
WCMIX vs. IMTM - Drawdown Comparison
The maximum WCMIX drawdown since its inception was -39.69%, which is greater than IMTM's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for WCMIX and IMTM.
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Drawdown Indicators
| WCMIX | IMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.69% | -32.66% | -7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -12.85% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -12.85% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -39.69% | -32.66% | -7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -32.66% | -7.03% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -7.42% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 3.24% | +1.10% |
Volatility
WCMIX vs. IMTM - Volatility Comparison
WCM Focused International Growth Fund (WCMIX) has a higher volatility of 7.02% compared to iShares MSCI Intl Momentum Factor ETF (IMTM) at 6.62%. This indicates that WCMIX's price experiences larger fluctuations and is considered to be riskier than IMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCMIX | IMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.62% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 16.04% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 17.95% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 17.80% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 17.59% | +1.50% |
WCMIX vs. IMTM - Expense Ratio Comparison
WCMIX has a 1.04% expense ratio, which is higher than IMTM's 0.30% expense ratio.
Dividends
WCMIX vs. IMTM - Dividend Comparison
WCMIX's dividend yield for the trailing twelve months is around 4.97%, more than IMTM's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTM iShares MSCI Intl Momentum Factor ETF | 4.28% | 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 | 4.97% | 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
WCMIX and IMTM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WCMIX has higher volatility (7.02%) compared to IMTM (6.62%). In terms of maximum drawdown, WCMIX dropped -39.69% vs IMTM's -32.66%.
IMTM currently has the higher Sharpe Ratio (1.66 vs 0.87), 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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