WCQGX vs. WCMSX

Last updated Jun 24, 2026

WCQGX (WCM China Quality Growth Fund) and WCMSX (WCM International Small Cap Growth Fund) are both mutual funds - WCQGX is a China Equities fund managed by WCM Investment Management, while WCMSX is a Foreign Small & Mid Cap Equities fund managed by WCM Investment Management. Over the past 5 years, WCQGX returned -6.06%/yr vs 1.22%/yr for WCMSX. A 0.52 correlation means they provide meaningful diversification when combined. WCQGX charges 1.50%/yr vs 1.25%/yr for WCMSX.

Performance

WCQGX vs. WCMSX - Performance Comparison

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

Returns By Period

In the year-to-date period, WCQGX achieves a 19.63% return, which is significantly higher than WCMSX's 15.00% return.

WCQGX

• 1D: 2.81%
• 1M: 13.15%
• YTD: 19.63%
• 6M: 18.66%
• 1Y: 31.59%
• 3Y*: 8.64%
• 5Y*: -6.06%
• 10Y*: —

WCMSX

• 1D: 0.14%
• 1M: -0.78%
• YTD: 15.00%
• 6M: 14.34%
• 1Y: 14.99%
• 3Y*: 16.10%
• 5Y*: 1.22%
• 10Y*: 13.17%

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

WCQGX vs. WCMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WCQGX WCM China Quality Growth Fund	19.63%	20.97%	-3.03%	-18.49%	-26.70%	4.03%	64.08%
WCMSX WCM International Small Cap Growth Fund	15.00%	18.14%	4.33%	22.26%	-42.12%	16.65%	96.89%

Correlation

The correlation between WCQGX and WCMSX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020	0.52

The correlation between WCQGX and WCMSX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

Return for Risk

WCQGX vs. WCMSX — Risk / Return Rank

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

WCQGX

WCQGX Risk / Return Rank: 28
WCQGX Sharpe Ratio Rank: 27
WCQGX Sortino Ratio Rank: 26
WCQGX Omega Ratio Rank: 28
WCQGX Calmar Ratio Rank: 38
WCQGX Martin Ratio Rank: 22

WCMSX

WCMSX Risk / Return Rank: 15
WCMSX Sharpe Ratio Rank: 11
WCMSX Sortino Ratio Rank: 12
WCMSX Omega Ratio Rank: 12
WCMSX Calmar Ratio Rank: 22
WCMSX Martin Ratio Rank: 16

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.

WCQGX vs. WCMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WCM China Quality Growth Fund (WCQGX) and WCM International Small Cap Growth Fund (WCMSX). 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.

	WCQGX	WCMSX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.85	+0.52
Sortino ratio: Return per unit of downside risk	1.96	1.29	+0.67
Omega ratio: Gain probability vs. loss probability	1.26	1.16	+0.09
Calmar ratio: Return relative to maximum drawdown	2.21	1.60	+0.60
Martin ratio: Return relative to average drawdown	4.93	3.95	+0.98

WCQGX vs. WCMSX - Sharpe Ratio Comparison

The current WCQGX Sharpe Ratio is 1.37, which is higher than the WCMSX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of WCQGX and WCMSX, 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

WCQGX vs. WCMSX - Drawdown Comparison

The maximum WCQGX drawdown since its inception was -59.28%, which is greater than WCMSX's maximum drawdown of -51.60%. Use the drawdown chart below to compare losses from any high point for WCQGX and WCMSX.

Drawdown Indicators

	WCQGX	WCMSX	Difference
Max Drawdown Largest peak-to-trough decline	-59.28%	-51.60%	-7.68%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	-9.81%	-5.10%
Max Drawdown (3Y) Largest decline over 3 years	-28.20%	-19.37%	-8.83%
Max Drawdown (5Y) Largest decline over 5 years	-57.82%	-51.60%	-6.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.60%	—
Current Drawdown Current decline from peak	-31.07%	-6.99%	-24.08%
Average Drawdown Average peak-to-trough decline	-34.30%	-15.74%	-18.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.63%	3.95%	+2.68%

Volatility

WCQGX vs. WCMSX - Volatility Comparison

WCM China Quality Growth Fund (WCQGX) has a higher volatility of 11.50% compared to WCM International Small Cap Growth Fund (WCMSX) at 7.73%. This indicates that WCQGX's price experiences larger fluctuations and is considered to be riskier than WCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCQGX	WCMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.50%	7.73%	+3.77%
Volatility (6M) Calculated over the trailing 6-month period	19.10%	15.77%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	23.98%	18.43%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.13%	21.05%	+3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.14%	20.13%	+4.01%

WCQGX vs. WCMSX - Expense Ratio Comparison

WCQGX has a 1.50% expense ratio, which is higher than WCMSX's 1.25% expense ratio.

Dividends

WCQGX vs. WCMSX - Dividend Comparison

WCQGX's dividend yield for the trailing twelve months is around 5.57%, more than WCMSX's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCMSX WCM International Small Cap Growth Fund	0.70%	0.81%	1.31%	0.00%	0.00%	10.27%	2.73%	0.57%	4.04%	1.10%
WCQGX WCM China Quality Growth Fund	5.57%	6.67%	2.02%	0.82%	0.28%	8.54%	2.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCQGX and WCMSX in my portfolio?

WCQGX and WCMSX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCQGX or WCMSX?

WCQGX has higher volatility (11.50%) compared to WCMSX (7.73%). In terms of maximum drawdown, WCQGX dropped -59.28% vs WCMSX's -51.60%.

Which has better risk-adjusted returns?

WCQGX currently has the higher Sharpe Ratio (1.37 vs 0.85), 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.