WLCTX vs. TIVFX

Last updated Jun 24, 2026

WLCTX (Wilshire International Equity Fund) and TIVFX (American Beacon Tocqueville International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, WLCTX returned 11.23%/yr vs 10.58%/yr for TIVFX. Their correlation of 0.83 suggests significant overlap in exposure. WLCTX charges 1.50%/yr vs 1.20%/yr for TIVFX.

Performance

WLCTX vs. TIVFX - Performance Comparison

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

Returns By Period

In the year-to-date period, WLCTX achieves a 15.49% return, which is significantly lower than TIVFX's 40.47% return. Over the past 10 years, WLCTX has outperformed TIVFX with an annualized return of 11.23%, while TIVFX has yielded a comparatively lower 10.58% annualized return.

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%

TIVFX

• 1D: 1.39%
• 1M: 5.10%
• YTD: 40.47%
• 6M: 40.47%
• 1Y: 68.02%
• 3Y*: 27.36%
• 5Y*: 12.27%
• 10Y*: 10.58%

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

WLCTX vs. TIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TIVFX American Beacon Tocqueville International Value Fund	40.47%	36.15%	3.73%	15.43%	-20.57%	7.53%	12.61%	19.38%	-19.87%	24.18%

Correlation

The correlation between WLCTX and TIVFX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 20, 2007	0.83

The correlation between WLCTX and TIVFX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

Return for Risk

WLCTX vs. TIVFX — Risk / Return Rank

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

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

TIVFX

TIVFX Risk / Return Rank: 94
TIVFX Sharpe Ratio Rank: 98
TIVFX Sortino Ratio Rank: 91
TIVFX Omega Ratio Rank: 89
TIVFX Calmar Ratio Rank: 96
TIVFX Martin Ratio Rank: 96

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.

WLCTX vs. TIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wilshire International Equity Fund (WLCTX) and American Beacon Tocqueville International Value Fund (TIVFX). 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.

	WLCTX	TIVFX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	3.49	-1.16
Sortino ratio: Return per unit of downside risk	3.20	4.19	-0.99
Omega ratio: Gain probability vs. loss probability	1.44	1.59	-0.16
Calmar ratio: Return relative to maximum drawdown	2.79	5.94	-3.15
Martin ratio: Return relative to average drawdown	10.59	21.00	-10.41

WLCTX vs. TIVFX - Sharpe Ratio Comparison

The current WLCTX Sharpe Ratio is 2.33, which is lower than the TIVFX Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of WLCTX and TIVFX, 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

WLCTX vs. TIVFX - Drawdown Comparison

The maximum WLCTX drawdown since its inception was -52.88%, roughly equal to the maximum TIVFX drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for WLCTX and TIVFX.

Drawdown Indicators

	WLCTX	TIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-52.88%	-54.21%	+1.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.55%	-11.69%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.26%	-23.99%	+9.73%
Max Drawdown (5Y) Largest decline over 5 years	-32.89%	-36.31%	+3.42%
Max Drawdown (10Y) Largest decline over 10 years	-34.49%	-41.51%	+7.02%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.31%	-13.36%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.30%	-0.27%

Volatility

WLCTX vs. TIVFX - Volatility Comparison

The current volatility for Wilshire International Equity Fund (WLCTX) is 4.93%, while American Beacon Tocqueville International Value Fund (TIVFX) has a volatility of 9.19%. This indicates that WLCTX experiences smaller price fluctuations and is considered to be less risky than TIVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WLCTX	TIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	9.19%	-4.26%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	16.69%	-4.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	19.94%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	18.92%	-3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	17.75%	-1.78%

WLCTX vs. TIVFX - Expense Ratio Comparison

WLCTX has a 1.50% expense ratio, which is higher than TIVFX's 1.20% expense ratio.

Dividends

WLCTX vs. TIVFX - Dividend Comparison

WLCTX's dividend yield for the trailing twelve months is around 10.80%, more than TIVFX's 6.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIVFX American Beacon Tocqueville International Value Fund	6.28%	8.82%	10.23%	1.66%	1.39%	3.65%	0.34%	1.69%	1.37%	1.28%	1.57%	3.01%
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 WLCTX and TIVFX in my portfolio?

WLCTX and TIVFX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WLCTX or TIVFX?

TIVFX has higher volatility (9.19%) compared to WLCTX (4.93%). In terms of maximum drawdown, WLCTX dropped -52.88% vs TIVFX's -54.21%.

Which has better risk-adjusted returns?

TIVFX currently has the higher Sharpe Ratio (3.49 vs 2.33), 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.