WCMIX vs. QQQ
Compare and contrast key facts about WCM Focused International Growth Fund (WCMIX) and Invesco QQQ (QQQ).
WCMIX is managed by WCM Investment Management. It was launched on May 30, 2011. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WCMIX or QQQ.
Performance
WCMIX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, WCMIX achieves a 12.04% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, WCMIX has underperformed QQQ with an annualized return of 8.03%, while QQQ has yielded a comparatively higher 18.03% annualized return.
WCMIX
12.04%
-2.63%
1.27%
17.51%
7.41%
8.03%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| WCMIX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.23 | 1.78 |
| Sortino Ratio | 1.80 | 2.37 |
| Omega Ratio | 1.21 | 1.32 |
| Calmar Ratio | 0.65 | 2.28 |
| Martin Ratio | 6.29 | 8.27 |
| Ulcer Index | 2.81% | 3.73% |
| Daily Std Dev | 14.40% | 17.37% |
| Max Drawdown | -42.39% | -82.98% |
| Current Drawdown | -14.34% | -1.78% |
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WCMIX vs. QQQ - Expense Ratio Comparison
WCMIX has a 1.04% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between WCMIX and QQQ is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
WCMIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WCM Focused International Growth Fund (WCMIX) and Invesco QQQ (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.
Dividends
WCMIX vs. QQQ - Dividend Comparison
WCMIX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WCMIX WCM Focused International Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.22% | 0.38% | 0.45% | 0.51% | 0.32% | 0.23% | 0.27% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
WCMIX vs. QQQ - Drawdown Comparison
The maximum WCMIX drawdown since its inception was -42.39%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WCMIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
WCMIX vs. QQQ - Volatility Comparison
The current volatility for WCM Focused International Growth Fund (WCMIX) is 3.66%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that WCMIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.