WGROX vs. EMXC
WGROX (Wasatch Core Growth Fund) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both funds - WGROX is a Small Cap Growth Equities fund managed by Wasatch, while EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Over the past 5 years, WGROX returned 1.27%/yr vs 11.14%/yr for EMXC. A 0.59 correlation means they provide meaningful diversification when combined. WGROX charges 1.17%/yr vs 0.49%/yr for EMXC.
Performance
WGROX vs. EMXC - Performance Comparison
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Returns By Period
In the year-to-date period, WGROX achieves a 5.21% return, which is significantly lower than EMXC's 26.88% return.
WGROX
- 1D
- -1.36%
- 1M
- 0.19%
- 6M
- -1.84%
- YTD
- 5.21%
- 1Y
- -1.48%
- 3Y*
- 5.82%
- 5Y*
- 1.27%
- 10Y*
- 10.84%
- ALL TIME*
- 11.08%
EMXC
- 1D
- -0.12%
- 1M
- -13.31%
- 6M
- 19.25%
- YTD
- 26.88%
- 1Y
- 47.52%
- 3Y*
- 22.87%
- 5Y*
- 11.14%
- 10Y*
- —
- ALL TIME*
- 9.32%
WGROX vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WGROX Wasatch Core Growth Fund | 5.21% | -10.37% | 13.13% | 33.43% | -30.86% | 20.76% | 36.73% | 33.31% | -3.75% | 10.82% |
EMXC iShares MSCI Emerging Markets ex China ETF | 26.88% | 35.14% | 2.68% | 18.96% | -19.56% | 8.54% | 12.76% | 15.80% | -12.96% | 7.16% |
Correlation
The correlation between WGROX and EMXC is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017 | 0.59 |
The correlation between WGROX and EMXC has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
WGROX vs. EMXC — Risk / Return Rank
WGROX
EMXC
WGROX vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Core Growth Fund (WGROX) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.
| WGROX | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 3.31 | -3.45 |
| Martin ratioReturn relative to average drawdown | -0.36 | 10.67 | -11.02 |
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Drawdowns
WGROX vs. EMXC - Drawdown Comparison
The maximum WGROX drawdown since its inception was -61.61%, which is greater than EMXC's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for WGROX and EMXC.
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Drawdown Indicators
| WGROX | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.61% | -42.81% | -18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -14.41% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -27.61% | -19.12% | -8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -40.16% | -28.91% | -11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -40.16% | — | — |
Current DrawdownCurrent decline from peak | -14.65% | -13.92% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -10.14% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 4.47% | +1.67% |
Volatility
WGROX vs. EMXC - Volatility Comparison
The current volatility for Wasatch Core Growth Fund (WGROX) is 5.79%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 11.80%. This indicates that WGROX experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGROX | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 11.80% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 24.94% | -10.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.67% | 26.64% | -6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 18.75% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.31% | 20.38% | +2.93% |
WGROX vs. EMXC - Expense Ratio Comparison
WGROX has a 1.17% expense ratio, which is higher than EMXC's 0.49% expense ratio.
Dividends
WGROX vs. EMXC - Dividend Comparison
WGROX's dividend yield for the trailing twelve months is around 8.13%, more than EMXC's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMXC iShares MSCI Emerging Markets ex China ETF | 2.10% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
WGROX Wasatch Core Growth Fund | 8.13% | 8.55% | 9.22% | 0.00% | 0.71% | 16.82% | 7.21% | 10.73% | 10.14% | 6.24% | 0.15% | 12.70% |
Frequently Asked Questions
WGROX and EMXC have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMXC has higher volatility (11.80%) compared to WGROX (5.79%). In terms of maximum drawdown, WGROX dropped -61.61% vs EMXC's -42.81%.
EMXC currently has the higher Sharpe Ratio (1.80 vs -0.11), 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.
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