WCMIX vs. QQQ

Last updated Jun 5, 2026

WCMIX (WCM Focused International Growth Fund) and QQQ (Invesco QQQ ETF) are both funds - WCMIX is a Foreign Large Cap Equities fund managed by WCM Investment Management, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, WCMIX returned 11.51%/yr vs 21.84%/yr for QQQ. A 0.76 correlation means they provide meaningful diversification when combined. WCMIX charges 1.04%/yr vs 0.18%/yr for QQQ.

Performance

WCMIX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WCM Focused International Growth Fund (WCMIX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCMIX achieves a 11.09% return, which is significantly lower than QQQ's 20.71% return. Over the past 10 years, WCMIX has underperformed QQQ with an annualized return of 11.51%, while QQQ has yielded a comparatively higher 21.84% annualized return.

WCMIX

• 1D: -0.11%
• 1M: 2.26%
• YTD: 11.09%
• 6M: 11.57%
• 1Y: 9.76%
• 3Y*: 14.11%
• 5Y*: 5.04%
• 10Y*: 11.51%

QQQ

• 1D: -0.48%
• 1M: 8.66%
• YTD: 20.71%
• 6M: 19.19%
• 1Y: 40.74%
• 3Y*: 28.54%
• 5Y*: 17.86%
• 10Y*: 21.84%

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

WCMIX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCMIX WCM Focused International Growth Fund	11.09%	20.92%	6.96%	16.56%	-28.90%	17.08%	32.80%	35.19%	-7.37%	31.24%
QQQ Invesco QQQ ETF	20.71%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between WCMIX and QQQ is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011	0.76

The correlation between WCMIX and QQQ has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

Return for Risk

WCMIX vs. QQQ — Risk / Return Rank

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

WCMIX

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

QQQ

QQQ Risk / Return Rank: 74
QQQ Sharpe Ratio Rank: 80
QQQ Sortino Ratio Rank: 76
QQQ Omega Ratio Rank: 75
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

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.

WCMIX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WCM Focused International Growth Fund (WCMIX) and Invesco QQQ ETF (QQQ). 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.

	WCMIX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.62	2.57	-1.95
Sortino ratio: Return per unit of downside risk	1.00	3.37	-2.37
Omega ratio: Gain probability vs. loss probability	1.12	1.44	-0.32
Calmar ratio: Return relative to maximum drawdown	0.82	3.42	-2.60
Martin ratio: Return relative to average drawdown	2.44	13.14	-10.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCMIX vs. QQQ - Sharpe Ratio Comparison

The current WCMIX Sharpe Ratio is 0.62, which is lower than the QQQ Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of WCMIX and QQQ, 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

	WCMIX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	2.57	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.80	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.98	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.41	+0.12

Drawdowns

WCMIX vs. QQQ - Drawdown Comparison

The maximum WCMIX drawdown since its inception was -39.69%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for WCMIX and QQQ.

Drawdown Indicators

	WCMIX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.69%	-82.97%	+43.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.95%	-11.96%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	-22.77%	+6.21%
Max Drawdown (5Y) Largest decline over 5 years	-39.69%	-35.12%	-4.57%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-35.12%	-4.57%
Current Drawdown Current decline from peak	-1.07%	-0.74%	-0.33%
Average Drawdown Average peak-to-trough decline	-7.48%	-32.78%	+25.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	3.11%	+1.20%

Volatility

WCMIX vs. QQQ - Volatility Comparison

WCM Focused International Growth Fund (WCMIX) has a higher volatility of 5.23% compared to Invesco QQQ ETF (QQQ) at 4.51%. This indicates that WCMIX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCMIX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	4.51%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	12.10%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	15.94%	+1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.81%	22.37%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.01%	22.29%	-3.28%

WCMIX vs. QQQ - Expense Ratio Comparison

WCMIX has a 1.04% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

WCMIX vs. QQQ - Dividend Comparison

WCMIX's dividend yield for the trailing twelve months is around 5.16%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
WCMIX WCM Focused International Growth Fund	5.16%	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

Can I hold both WCMIX and QQQ in my portfolio?

WCMIX and QQQ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCMIX or QQQ?

WCMIX has higher volatility (5.23%) compared to QQQ (4.51%). In terms of maximum drawdown, WCMIX dropped -39.69% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.57 vs 0.62), 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.