WCMSX vs. WCFOX

Last updated Aug 1, 2026

WCMSX (WCM International Small Cap Growth Fund) and WCFOX (WCM Focused International Opportunities Fund) are both Foreign Small & Mid Cap Equities funds from WCM. Over the past 5 years, WCMSX returned -1.63%/yr vs 4.13%/yr for WCFOX. Their correlation of 0.91 means they have usually moved in the same direction. WCMSX charges 1.25%/yr vs 1.50%/yr for WCFOX.

Performance

WCMSX vs. WCFOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WCM International Small Cap Growth Fund (WCMSX) and WCM Focused International Opportunities Fund (WCFOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCMSX achieves a 4.11% return, which is significantly lower than WCFOX's 9.66% return.

WCMSX

• 1D: 2.67%
• 1M: -6.25%
• 6M: -1.36%
• YTD: 4.11%
• 1Y: 0.10%
• 3Y*: 10.68%
• 5Y*: -1.63%
• 10Y*: 11.23%
• ALL TIME*: 11.41%

WCFOX

• 1D: 3.83%
• 1M: -4.48%
• 6M: 3.38%
• YTD: 9.66%
• 1Y: 16.07%
• 3Y*: 17.67%
• 5Y*: 4.13%
• 10Y*: —
• ALL TIME*: 5.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
WCFOX WCM Focused International Opportunities Fund	$0.00	$0.00	$0.00
WCMSX WCM International Small Cap Growth Fund	$0.00	$0.00	$0.00

WCMSX vs. WCFOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCMSX WCM International Small Cap Growth Fund	4.11%	18.14%	4.33%	22.26%	-42.12%	10.62%
WCFOX WCM Focused International Opportunities Fund	9.66%	31.45%	6.14%	25.65%	-35.42%	7.30%

Correlation

The correlation between WCMSX and WCFOX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (All Time) Calculated using the full available price history since May 25, 2021	0.91

The correlation between WCMSX and WCFOX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

WCMSX vs. WCFOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WCMSX

WCMSX Risk / Return Rank: 5
WCMSX Sharpe Ratio Rank: 5
WCMSX Sortino Ratio Rank: 5
WCMSX Omega Ratio Rank: 5
WCMSX Calmar Ratio Rank: 5
WCMSX Martin Ratio Rank: 5

WCFOX

WCFOX Risk / Return Rank: 19
WCFOX Sharpe Ratio Rank: 17
WCFOX Sortino Ratio Rank: 18
WCFOX Omega Ratio Rank: 19
WCFOX Calmar Ratio Rank: 20
WCFOX Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WCMSX vs. WCFOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WCM International Small Cap Growth Fund (WCMSX) and WCM Focused International Opportunities Fund (WCFOX). 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.

	WCMSX	WCFOX	Difference
Sharpe ratio: Return per unit of total volatility	0.01	0.67	-0.66
Sortino ratio: Return per unit of downside risk	0.16	1.08	-0.92
Omega ratio: Gain probability vs. loss probability	1.02	1.14	-0.12
Calmar ratio: Return relative to maximum drawdown	0.02	0.99	-0.97
Martin ratio: Return relative to average drawdown	0.05	3.10	-3.04

WCMSX vs. WCFOX - Sharpe Ratio Comparison

The current WCMSX Sharpe Ratio is 0.01, which is lower than the WCFOX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of WCMSX and WCFOX, 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

WCMSX vs. WCFOX - Drawdown Comparison

The maximum WCMSX drawdown since its inception was -51.60%, roughly equal to the maximum WCFOX drawdown of -49.83%. Use the drawdown chart below to compare losses from any high point for WCMSX and WCFOX.

Drawdown Indicators

	WCMSX	WCFOX	Difference
Max Drawdown Largest peak-to-trough decline	-51.60%	-49.83%	-1.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.39%	-15.13%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-19.34%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-51.60%	-49.83%	-1.77%
Max Drawdown (10Y) Largest decline over 10 years	-51.60%	—	—
Current Drawdown Current decline from peak	-15.79%	-8.33%	-7.46%
Average Drawdown Average peak-to-trough decline	-15.71%	-21.16%	+5.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	4.82%	+0.06%

Volatility

WCMSX vs. WCFOX - Volatility Comparison

The current volatility for WCM International Small Cap Growth Fund (WCMSX) is 7.41%, while WCM Focused International Opportunities Fund (WCFOX) has a volatility of 8.09%. This indicates that WCMSX experiences smaller price fluctuations and is considered to be less risky than WCFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCMSX	WCFOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	8.09%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	17.65%	20.03%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	20.05%	22.30%	-2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.34%	21.91%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.16%	21.68%	-1.52%

WCMSX vs. WCFOX - Expense Ratio Comparison

WCMSX has a 1.25% expense ratio, which is lower than WCFOX's 1.50% expense ratio.

Dividends

WCMSX vs. WCFOX - Dividend Comparison

WCMSX's dividend yield for the trailing twelve months is around 0.78%, more than WCFOX's 0.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCFOX WCM Focused International Opportunities Fund	0.30%	0.33%	3.57%	0.24%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%
WCMSX WCM International Small Cap Growth Fund	0.78%	0.81%	1.31%	0.00%	0.00%	10.27%	2.73%	0.57%	4.04%	1.10%

Frequently Asked Questions

Can I hold both WCMSX and WCFOX in my portfolio?

WCMSX and WCFOX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCMSX or WCFOX?

WCFOX has higher volatility (8.09%) compared to WCMSX (7.41%). In terms of maximum drawdown, WCMSX dropped -51.60% vs WCFOX's -49.83%.

Which has better risk-adjusted returns?

WCFOX currently has the higher Sharpe Ratio (0.67 vs 0.01), 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.