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WICGX vs. WGFIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WICGX vs. WGFIX

Last updated Jun 23, 2026

WICGX (William Blair China Growth Fund) and WGFIX (William Blair Global Leaders Fund) are both mutual funds - WICGX is a China Equities fund managed by William Blair, while WGFIX is a Global Equities fund managed by William Blair. Over the past 3 years, WICGX returned 9.09%/yr vs 12.42%/yr for WGFIX. At a 0.32 correlation, their price movements are largely independent. WICGX charges 1.01%/yr vs 0.90%/yr for WGFIX.

Performance

WICGX vs. WGFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in William Blair China Growth Fund (WICGX) and William Blair Global Leaders Fund (WGFIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WICGX achieves a 14.40% return, which is significantly higher than WGFIX's 9.52% return.

WICGX

1D
4.18%
1M
7.17%
YTD
14.40%
6M
13.01%
1Y
31.92%
3Y*
9.09%
5Y*
—
10Y*
—

WGFIX

1D
1.83%
1M
3.87%
YTD
9.52%
6M
9.85%
1Y
21.79%
3Y*
12.42%
5Y*
4.93%
10Y*
11.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WICGX vs. WGFIX - Yearly Performance Comparison

2026 (YTD)2025202420232022
WICGX
William Blair China Growth Fund		14.40%24.24%10.36%-24.29%-26.26%
WGFIX
William Blair Global Leaders Fund		9.52%16.06%7.52%23.02%-22.31%

Correlation

The correlation between WICGX and WGFIX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

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

0.30

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2022

0.32

Compare stocks, funds, or ETFs

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William Blair China Growth Fund

William Blair Global Leaders Fund

Often compared with WICGX:
WICGX vs. FHKAXWICGX vs. GSAGXWICGX vs. FHKTXWICGX vs. CHILXWICGX vs. ICHKXWICGX vs. FHKIXWICGX vs. OBCHX
Often compared with WGFIX:
WGFIX vs. VHGEXWGFIX vs. WBIGXWGFIX vs. WISIXWGFIX vs. BESIXWGFIX vs. WSMDXWGFIX vs. WBIIXWGFIX vs. WILIX

Return for Risk

WICGX vs. WGFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WICGX
WICGX Risk / Return Rank: 2828
Overall Rank
WICGX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
WICGX Sortino Ratio Rank: 2323
Sortino Ratio Rank
WICGX Omega Ratio Rank: 2525
Omega Ratio Rank
WICGX Calmar Ratio Rank: 3838
Calmar Ratio Rank
WICGX Martin Ratio Rank: 2828
Martin Ratio Rank
WGFIX
WGFIX Risk / Return Rank: 2828
Overall Rank
WGFIX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
WGFIX Sortino Ratio Rank: 2727
Sortino Ratio Rank
WGFIX Omega Ratio Rank: 3030
Omega Ratio Rank
WGFIX Calmar Ratio Rank: 2222
Calmar Ratio Rank
WGFIX Martin Ratio Rank: 2929
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.

WICGX vs. WGFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for William Blair China Growth Fund (WICGX) and William Blair Global Leaders Fund (WGFIX). 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.

WICGXWGFIXDifference
Sharpe ratioReturn per unit of total volatility
1.33
1.44

-0.11

Sortino ratioReturn per unit of downside risk
1.88
2.03

-0.15

Omega ratioGain probability vs. loss probability

1.24

1.27

-0.03

Calmar ratioReturn relative to maximum drawdown

2.24

1.63

+0.61

Martin ratioReturn relative to average drawdown

6.20

6.35

-0.15

WICGX vs. WGFIX - Sharpe Ratio Comparison

The current WICGX Sharpe Ratio is 1.33, which is comparable to the WGFIX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of WICGX and WGFIX, 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

WICGX vs. WGFIX - Drawdown Comparison

The maximum WICGX drawdown since its inception was -50.35%, smaller than the maximum WGFIX drawdown of -59.51%. Use the drawdown chart below to compare losses from any high point for WICGX and WGFIX.

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Drawdown Indicators

WICGXWGFIXDifference

Max Drawdown

Largest peak-to-trough decline

-50.35%

-59.51%

+9.16%

Max Drawdown (1Y)

Largest decline over 1 year

-13.55%

-13.11%

-0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-24.72%

-18.90%

-5.82%

Max Drawdown (5Y)

Largest decline over 5 years

—

-38.76%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.76%

—

Current Drawdown

Current decline from peak

-13.80%

0.00%

-13.80%

Average Drawdown

Average peak-to-trough decline

-32.16%

-11.84%

-20.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.88%

3.35%

+1.53%

Volatility

WICGX vs. WGFIX - Volatility Comparison

William Blair China Growth Fund (WICGX) has a higher volatility of 10.36% compared to William Blair Global Leaders Fund (WGFIX) at 7.00%. This indicates that WICGX's price experiences larger fluctuations and is considered to be riskier than WGFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WICGXWGFIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.36%

7.00%

+3.36%

Volatility (6M)

Calculated over the trailing 6-month period

17.29%

12.53%

+4.76%

Volatility (1Y)

Calculated over the trailing 1-year period

22.91%

14.82%

+8.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.00%

18.94%

+6.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.00%

18.95%

+6.05%

WICGX vs. WGFIX - Expense Ratio Comparison

WICGX has a 1.01% expense ratio, which is higher than WGFIX's 0.90% expense ratio.

Dividends

WICGX vs. WGFIX - Dividend Comparison

WICGX's dividend yield for the trailing twelve months is around 0.73%, less than WGFIX's 78.10% yield.

PositionTTM20252024202320222021202020192018201720162015
WGFIX
William Blair Global Leaders Fund		78.10%85.53%54.25%6.65%2.17%5.65%12.57%1.35%17.62%4.24%0.72%5.05%
WICGX
William Blair China Growth Fund		0.73%0.84%1.38%0.43%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WICGX and WGFIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WICGX has higher volatility (10.36%) compared to WGFIX (7.00%). In terms of maximum drawdown, WICGX dropped -50.35% vs WGFIX's -59.51%.

WGFIX currently has the higher Sharpe Ratio (1.44 vs 1.33), 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.

Portfolio Optimizer

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