WIORX vs. WLCTX

Last updated Jun 24, 2026

WIORX (Wilshire Income Opportunities Fund) and WLCTX (Wilshire International Equity Fund) are both mutual funds - WIORX is a Multisector Bonds fund managed by Wilshire Mutual Funds, while WLCTX is a Foreign Large Cap Equities fund managed by Wilshire Mutual Funds. Over the past 5 years, WIORX returned 0.88%/yr vs 9.31%/yr for WLCTX. At a 0.29 correlation, their price movements are largely independent. WIORX charges 1.15%/yr vs 1.50%/yr for WLCTX.

Performance

WIORX vs. WLCTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wilshire Income Opportunities Fund (WIORX) and Wilshire International Equity Fund (WLCTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WIORX achieves a 0.10% return, which is significantly lower than WLCTX's 15.49% return.

WIORX

• 1D: -0.33%
• 1M: 0.33%
• YTD: 0.10%
• 6M: 0.20%
• 1Y: 3.65%
• 3Y*: 5.03%
• 5Y*: 0.88%
• 10Y*: —

WLCTX

• 1D: 0.22%
• 1M: 2.82%
• YTD: 15.49%
• 6M: 15.36%
• 1Y: 31.47%
• 3Y*: 20.67%
• 5Y*: 9.31%
• 10Y*: 11.23%

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

WIORX vs. WLCTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WIORX Wilshire Income Opportunities Fund	0.10%	7.18%	3.49%	6.35%	-11.18%	0.40%	3.59%	9.58%	-0.65%	5.60%
WLCTX Wilshire International Equity Fund	15.49%	33.77%	5.89%	17.15%	-18.87%	12.29%	16.52%	23.53%	-12.73%	25.54%

Correlation

The correlation between WIORX and WLCTX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.29

Over the past year, WIORX and WLCTX have become more correlated (0.51) than their long-term average of 0.29, meaning their price movements have been converging.

Return for Risk

WIORX vs. WLCTX — Risk / Return Rank

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

WIORX

WIORX Risk / Return Rank: 23
WIORX Sharpe Ratio Rank: 25
WIORX Sortino Ratio Rank: 25
WIORX Omega Ratio Rank: 27
WIORX Calmar Ratio Rank: 18
WIORX Martin Ratio Rank: 20

WLCTX

WLCTX Risk / Return Rank: 67
WLCTX Sharpe Ratio Rank: 75
WLCTX Sortino Ratio Rank: 71
WLCTX Omega Ratio Rank: 73
WLCTX Calmar Ratio Rank: 58
WLCTX Martin Ratio Rank: 56

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.

WIORX vs. WLCTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wilshire Income Opportunities Fund (WIORX) and Wilshire International Equity Fund (WLCTX). 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.

	WIORX	WLCTX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.33	-1.02
Sortino ratio: Return per unit of downside risk	1.93	3.20	-1.27
Omega ratio: Gain probability vs. loss probability	1.25	1.44	-0.19
Calmar ratio: Return relative to maximum drawdown	1.44	2.79	-1.35
Martin ratio: Return relative to average drawdown	4.57	10.59	-6.02

WIORX vs. WLCTX - Sharpe Ratio Comparison

The current WIORX Sharpe Ratio is 1.31, which is lower than the WLCTX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of WIORX and WLCTX, 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

WIORX vs. WLCTX - Drawdown Comparison

The maximum WIORX drawdown since its inception was -15.02%, smaller than the maximum WLCTX drawdown of -52.88%. Use the drawdown chart below to compare losses from any high point for WIORX and WLCTX.

Drawdown Indicators

	WIORX	WLCTX	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-52.88%	+37.86%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-11.55%	+8.84%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	-14.26%	+9.60%
Max Drawdown (5Y) Largest decline over 5 years	-15.02%	-32.89%	+17.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.49%	—
Current Drawdown Current decline from peak	-1.42%	0.00%	-1.42%
Average Drawdown Average peak-to-trough decline	-3.18%	-11.31%	+8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	3.03%	-2.18%

Volatility

WIORX vs. WLCTX - Volatility Comparison

The current volatility for Wilshire Income Opportunities Fund (WIORX) is 1.07%, while Wilshire International Equity Fund (WLCTX) has a volatility of 4.93%. This indicates that WIORX experiences smaller price fluctuations and is considered to be less risky than WLCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WIORX	WLCTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	4.93%	-3.86%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	11.84%	-9.42%
Volatility (1Y) Calculated over the trailing 1-year period	2.99%	13.86%	-10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.22%	15.03%	-10.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.73%	15.97%	-12.24%

WIORX vs. WLCTX - Expense Ratio Comparison

WIORX has a 1.15% expense ratio, which is lower than WLCTX's 1.50% expense ratio.

Dividends

WIORX vs. WLCTX - Dividend Comparison

WIORX's dividend yield for the trailing twelve months is around 4.40%, less than WLCTX's 10.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WIORX Wilshire Income Opportunities Fund	4.40%	4.48%	4.38%	2.79%	3.40%	3.49%	3.79%	3.75%	3.06%	4.46%	0.00%	0.00%
WLCTX Wilshire International Equity Fund	10.80%	12.47%	11.81%	3.02%	0.91%	19.22%	6.81%	1.26%	4.91%	0.07%	1.64%	0.22%

Frequently Asked Questions

Can I hold both WIORX and WLCTX in my portfolio?

WIORX and WLCTX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WIORX or WLCTX?

WLCTX has higher volatility (4.93%) compared to WIORX (1.07%). In terms of maximum drawdown, WIORX dropped -15.02% vs WLCTX's -52.88%.

Which has better risk-adjusted returns?

WLCTX currently has the higher Sharpe Ratio (2.33 vs 1.31), 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.