WFEMX vs. TEQLX

Last updated Jun 25, 2026

WFEMX (WCM Focused Emerging Markets Fund) and TEQLX (TIAA-CREF Emerging Markets Equity Index Fund) are both Emerging Markets Diversified funds. Over the past 10 years, WFEMX returned 10.91%/yr vs 10.21%/yr for TEQLX. Their correlation of 0.88 suggests significant overlap in exposure. WFEMX charges 1.50%/yr vs 0.19%/yr for TEQLX.

Performance

WFEMX vs. TEQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WCM Focused Emerging Markets Fund (WFEMX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFEMX achieves a 25.05% return, which is significantly higher than TEQLX's 23.58% return. Over the past 10 years, WFEMX has outperformed TEQLX with an annualized return of 10.91%, while TEQLX has yielded a comparatively lower 10.21% annualized return.

WFEMX

• 1D: -4.06%
• 1M: 3.97%
• YTD: 25.05%
• 6M: 25.65%
• 1Y: 39.94%
• 3Y*: 23.27%
• 5Y*: 3.66%
• 10Y*: 10.91%

TEQLX

• 1D: -5.35%
• 1M: 2.24%
• YTD: 23.58%
• 6M: 24.55%
• 1Y: 43.93%
• 3Y*: 22.73%
• 5Y*: 6.86%
• 10Y*: 10.21%

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

WFEMX vs. TEQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFEMX WCM Focused Emerging Markets Fund	25.05%	31.13%	9.81%	4.25%	-30.86%	-1.94%	36.15%	37.44%	-12.71%	40.94%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	23.58%	34.10%	6.71%	9.23%	-20.22%	-3.07%	17.67%	18.59%	-14.60%	37.47%

Correlation

The correlation between WFEMX and TEQLX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013	0.88

The correlation between WFEMX and TEQLX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

WFEMX vs. TEQLX — Risk / Return Rank

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

WFEMX

WFEMX Risk / Return Rank: 68
WFEMX Sharpe Ratio Rank: 64
WFEMX Sortino Ratio Rank: 52
WFEMX Omega Ratio Rank: 64
WFEMX Calmar Ratio Rank: 89
WFEMX Martin Ratio Rank: 72

TEQLX

TEQLX Risk / Return Rank: 74
TEQLX Sharpe Ratio Rank: 75
TEQLX Sortino Ratio Rank: 58
TEQLX Omega Ratio Rank: 76
TEQLX Calmar Ratio Rank: 83
TEQLX Martin Ratio Rank: 79

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.

WFEMX vs. TEQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WCM Focused Emerging Markets Fund (WFEMX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). 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.

	WFEMX	TEQLX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.30	-0.28
Sortino ratio: Return per unit of downside risk	2.58	2.84	-0.27
Omega ratio: Gain probability vs. loss probability	1.38	1.44	-0.06
Calmar ratio: Return relative to maximum drawdown	4.08	3.61	+0.47
Martin ratio: Return relative to average drawdown	12.10	13.49	-1.39

WFEMX vs. TEQLX - Sharpe Ratio Comparison

The current WFEMX Sharpe Ratio is 2.02, which is comparable to the TEQLX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of WFEMX and TEQLX, 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

WFEMX vs. TEQLX - Drawdown Comparison

The maximum WFEMX drawdown since its inception was -46.28%, which is greater than TEQLX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for WFEMX and TEQLX.

Drawdown Indicators

	WFEMX	TEQLX	Difference
Max Drawdown Largest peak-to-trough decline	-46.28%	-39.33%	-6.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.73%	-13.32%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-15.97%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-44.91%	-36.96%	-7.95%
Max Drawdown (10Y) Largest decline over 10 years	-46.28%	-39.33%	-6.95%
Current Drawdown Current decline from peak	-4.06%	-5.35%	+1.29%
Average Drawdown Average peak-to-trough decline	-14.87%	-14.57%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	3.55%	+0.05%

Volatility

WFEMX vs. TEQLX - Volatility Comparison

WCM Focused Emerging Markets Fund (WFEMX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) have volatilities of 11.54% and 12.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFEMX	TEQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.54%	12.11%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	18.76%	18.96%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	20.94%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	17.66%	+1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	17.93%	+1.03%

WFEMX vs. TEQLX - Expense Ratio Comparison

WFEMX has a 1.50% expense ratio, which is higher than TEQLX's 0.19% expense ratio.

Dividends

WFEMX vs. TEQLX - Dividend Comparison

WFEMX has not paid dividends to shareholders, while TEQLX's dividend yield for the trailing twelve months is around 2.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	2.29%	2.83%	2.93%	3.08%	2.51%	2.27%	2.04%	2.77%	2.43%	1.98%	1.88%	2.40%
WFEMX WCM Focused Emerging Markets Fund	0.00%	0.00%	0.00%	0.15%	0.32%	4.42%	0.88%	0.37%	0.76%	0.76%	0.76%	0.29%

Frequently Asked Questions

Can I hold both WFEMX and TEQLX in my portfolio?

WFEMX and TEQLX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFEMX or TEQLX?

TEQLX has higher volatility (12.11%) compared to WFEMX (11.54%). In terms of maximum drawdown, WFEMX dropped -46.28% vs TEQLX's -39.33%.

Which has better risk-adjusted returns?

TEQLX currently has the higher Sharpe Ratio (2.30 vs 2.02), 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.