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WHGMX vs. HMCNX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WHGMX vs. HMCNX

Last updated Jun 26, 2026

WHGMX (Westwood Quality SMidCap Fund) and HMCNX (Harbor Mid Cap Fund) are both Mid Cap Blend Equities funds. Over the past 5 years, WHGMX returned 8.74%/yr vs 7.36%/yr for HMCNX. Their correlation of 0.91 suggests significant overlap in exposure. WHGMX charges 0.88%/yr vs 1.24%/yr for HMCNX.

Performance

WHGMX vs. HMCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Quality SMidCap Fund (WHGMX) and Harbor Mid Cap Fund (HMCNX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WHGMX achieves a 16.89% return, which is significantly higher than HMCNX's 15.40% return.

WHGMX

1D
0.63%
1M
1.27%
YTD
16.89%
6M
14.73%
1Y
26.54%
3Y*
17.19%
5Y*
8.74%
10Y*
10.59%

HMCNX

1D
0.78%
1M
1.99%
YTD
15.40%
6M
13.87%
1Y
27.37%
3Y*
14.69%
5Y*
7.36%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WHGMX vs. HMCNX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
WHGMX
Westwood Quality SMidCap Fund		16.89%8.40%10.41%17.78%-10.35%21.39%5.41%3.15%
HMCNX
Harbor Mid Cap Fund		15.40%9.38%7.01%16.44%-17.46%24.12%18.45%3.52%

Correlation

The correlation between WHGMX and HMCNX is 0.90, 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

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Dec 2, 2019

0.91

The correlation between WHGMX and HMCNX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

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Westwood Quality SMidCap Fund

Harbor Mid Cap Fund

Often compared with WHGMX:
WHGMX vs. WHGLXWHGMX vs. WHGHXWHGMX vs. WHGIXWHGMX vs. WHGSXWHGMX vs. GTSGXWHGMX vs. TLVAXWHGMX vs. GABVX
Often compared with HMCNX:
HMCNX vs. HAONXHMCNX vs. HABDXHMCNX vs. HAINXHMCNX vs. HAMVXHMCNX vs. HASCXHMCNX vs. HASGXHMCNX vs. HACAX

Return for Risk

WHGMX vs. HMCNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WHGMX
WHGMX Risk / Return Rank: 5151
Overall Rank
WHGMX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
WHGMX Sortino Ratio Rank: 5151
Sortino Ratio Rank
WHGMX Omega Ratio Rank: 4141
Omega Ratio Rank
WHGMX Calmar Ratio Rank: 6666
Calmar Ratio Rank
WHGMX Martin Ratio Rank: 5151
Martin Ratio Rank
HMCNX
HMCNX Risk / Return Rank: 6464
Overall Rank
HMCNX Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
HMCNX Sortino Ratio Rank: 6464
Sortino Ratio Rank
HMCNX Omega Ratio Rank: 5252
Omega Ratio Rank
HMCNX Calmar Ratio Rank: 7777
Calmar Ratio Rank
HMCNX Martin Ratio Rank: 7272
Martin Ratio Rank
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.

WHGMX vs. HMCNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Quality SMidCap Fund (WHGMX) and Harbor Mid Cap Fund (HMCNX). 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.

WHGMXHMCNXDifference
Sharpe ratioReturn per unit of total volatility
1.62
1.83

-0.21

Sortino ratioReturn per unit of downside risk
2.43
2.70

-0.27

Omega ratioGain probability vs. loss probability

1.28

1.32

-0.04

Calmar ratioReturn relative to maximum drawdown

2.66

2.96

-0.30

Martin ratioReturn relative to average drawdown

8.88

11.37

-2.49

WHGMX vs. HMCNX - Sharpe Ratio Comparison

The current WHGMX Sharpe Ratio is 1.62, which is comparable to the HMCNX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of WHGMX and HMCNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WHGMX vs. HMCNX - Drawdown Comparison

The maximum WHGMX drawdown since its inception was -47.99%, which is greater than HMCNX's maximum drawdown of -38.10%. Use the drawdown chart below to compare losses from any high point for WHGMX and HMCNX.

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Drawdown Indicators

WHGMXHMCNXDifference

Max Drawdown

Largest peak-to-trough decline

-47.99%

-38.10%

-9.89%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

-9.00%

-0.68%

Max Drawdown (3Y)

Largest decline over 3 years

-23.78%

-20.80%

-2.98%

Max Drawdown (5Y)

Largest decline over 5 years

-23.78%

-23.82%

+0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-42.26%

—

—

Current Drawdown

Current decline from peak

-0.42%

-0.66%

+0.24%

Average Drawdown

Average peak-to-trough decline

-7.18%

-6.84%

-0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

2.34%

+0.55%

Volatility

WHGMX vs. HMCNX - Volatility Comparison

Westwood Quality SMidCap Fund (WHGMX) has a higher volatility of 5.35% compared to Harbor Mid Cap Fund (HMCNX) at 4.65%. This indicates that WHGMX's price experiences larger fluctuations and is considered to be riskier than HMCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WHGMXHMCNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.35%

4.65%

+0.70%

Volatility (6M)

Calculated over the trailing 6-month period

11.94%

10.98%

+0.96%

Volatility (1Y)

Calculated over the trailing 1-year period

15.91%

14.60%

+1.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.86%

17.10%

+1.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.29%

21.28%

-0.99%

WHGMX vs. HMCNX - Expense Ratio Comparison

WHGMX has a 0.88% expense ratio, which is lower than HMCNX's 1.24% expense ratio.

Dividends

WHGMX vs. HMCNX - Dividend Comparison

WHGMX's dividend yield for the trailing twelve months is around 4.44%, more than HMCNX's 2.17% yield.

PositionTTM20252024202320222021202020192018201720162015
HMCNX
Harbor Mid Cap Fund		2.17%2.50%0.27%1.94%2.93%1.79%0.00%0.02%0.00%0.00%0.00%0.00%
WHGMX
Westwood Quality SMidCap Fund		4.44%5.19%1.21%2.92%1.52%16.39%2.83%11.93%19.09%12.12%1.40%7.40%

Frequently Asked Questions

WHGMX and HMCNX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WHGMX has higher volatility (5.35%) compared to HMCNX (4.65%). In terms of maximum drawdown, WHGMX dropped -47.99% vs HMCNX's -38.10%.

HMCNX currently has the higher Sharpe Ratio (1.83 vs 1.62), 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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