WCMSX vs. WCMEX

Last updated Aug 1, 2026

WCMSX (WCM International Small Cap Growth Fund) and WCMEX (WCM Focused Emerging Markets Fund Institutional Class) are both mutual funds - WCMSX is a Foreign Small & Mid Cap Equities fund managed by WCM, while WCMEX is a Emerging Markets Equities fund actively managed by WCM. Over the past 10 years, WCMSX returned 11.23%/yr vs 9.37%/yr for WCMEX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. WCMSX charges 1.25%/yr vs 1.26%/yr for WCMEX.

Performance

WCMSX vs. WCMEX - 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 Emerging Markets Fund Institutional Class (WCMEX). 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 WCMEX's 15.94% return. Over the past 10 years, WCMSX has outperformed WCMEX with an annualized return of 11.23%, while WCMEX has yielded a comparatively lower 9.37% annualized 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%

WCMEX

• 1D: 3.93%
• 1M: -6.22%
• 6M: 7.20%
• YTD: 15.94%
• 1Y: 28.90%
• 3Y*: 19.22%
• 5Y*: 3.34%
• 10Y*: 9.37%
• ALL TIME*: 7.10%

*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)
WCMEX WCM Focused Emerging Markets Fund Institutional Class	$0.00	$0.00	$0.00
WCMSX WCM International Small Cap Growth Fund	$0.00	$0.00	$0.00

WCMSX vs. WCMEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCMSX WCM International Small Cap Growth Fund	4.11%	18.14%	4.33%	22.26%	-42.12%	16.65%	55.36%	45.02%	-8.94%	42.35%
WCMEX WCM Focused Emerging Markets Fund Institutional Class	15.94%	31.46%	10.07%	4.54%	-30.70%	-1.67%	36.52%	37.58%	-12.67%	40.91%

Correlation

The correlation between WCMSX and WCMEX is 0.80, 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.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.77

The correlation between WCMSX and WCMEX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

WCMSX vs. WCMEX — 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

WCMEX

WCMEX Risk / Return Rank: 35
WCMEX Sharpe Ratio Rank: 31
WCMEX Sortino Ratio Rank: 29
WCMEX Omega Ratio Rank: 34
WCMEX Calmar Ratio Rank: 42
WCMEX Martin Ratio Rank: 39

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. WCMEX - 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 Emerging Markets Fund Institutional Class (WCMEX). 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	WCMEX	Difference
Sharpe ratio: Return per unit of total volatility	0.01	1.09	-1.08
Sortino ratio: Return per unit of downside risk	0.16	1.54	-1.38
Omega ratio: Gain probability vs. loss probability	1.02	1.21	-0.19
Calmar ratio: Return relative to maximum drawdown	0.02	1.81	-1.79
Martin ratio: Return relative to average drawdown	0.05	6.08	-6.02

WCMSX vs. WCMEX - Sharpe Ratio Comparison

The current WCMSX Sharpe Ratio is 0.01, which is lower than the WCMEX Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of WCMSX and WCMEX, 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. WCMEX - Drawdown Comparison

The maximum WCMSX drawdown since its inception was -51.60%, which is greater than WCMEX's maximum drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for WCMSX and WCMEX.

Drawdown Indicators

	WCMSX	WCMEX	Difference
Max Drawdown Largest peak-to-trough decline	-51.60%	-46.05%	-5.55%
Max Drawdown (1Y) Largest decline over 1 year	-14.39%	-14.51%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-19.05%	+0.28%
Max Drawdown (5Y) Largest decline over 5 years	-51.60%	-44.77%	-6.83%
Max Drawdown (10Y) Largest decline over 10 years	-51.60%	-46.05%	-5.55%
Current Drawdown Current decline from peak	-15.79%	-11.15%	-4.64%
Average Drawdown Average peak-to-trough decline	-15.71%	-14.59%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	4.29%	+0.59%

Volatility

WCMSX vs. WCMEX - Volatility Comparison

The current volatility for WCM International Small Cap Growth Fund (WCMSX) is 7.41%, while WCM Focused Emerging Markets Fund Institutional Class (WCMEX) has a volatility of 10.25%. This indicates that WCMSX experiences smaller price fluctuations and is considered to be less risky than WCMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCMSX	WCMEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	10.25%	-2.84%
Volatility (6M) Calculated over the trailing 6-month period	17.65%	21.34%	-3.69%
Volatility (1Y) Calculated over the trailing 1-year period	20.05%	23.97%	-3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.34%	19.64%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.16%	19.21%	+0.95%

WCMSX vs. WCMEX - Expense Ratio Comparison

WCMSX has a 1.25% expense ratio, which is lower than WCMEX's 1.26% expense ratio.

Dividends

WCMSX vs. WCMEX - Dividend Comparison

WCMSX's dividend yield for the trailing twelve months is around 0.78%, while WCMEX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCMSX and WCMEX in my portfolio?

WCMSX and WCMEX have a correlation of 0.80, 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 WCMEX?

WCMEX has higher volatility (10.25%) compared to WCMSX (7.41%). In terms of maximum drawdown, WCMSX dropped -51.60% vs WCMEX's -46.05%.

Which has better risk-adjusted returns?

WCMEX currently has the higher Sharpe Ratio (1.09 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.