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ISIN
US14064D6343
CUSIP
14064D634
Inception Date
Dec 28, 2018
Min. Investment
$100,000
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

FTMSX Performance Chart

Fuller & Thaler Behavioral Micro-Cap Equity Fund (FTMSX) is up 25.2% since the beginning of the year. FTMSX is currently trading at $34 per share. Investors who bought $1,000 worth of FTMSX shares 5 years ago would now be looking at an investment worth $1,015.


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S&P 500 Index

Returns By Period

Fuller & Thaler Behavioral Micro-Cap Equity Fund (FTMSX) has returned 25.17% so far this year and 40.56% over the past 12 months.


Fuller & Thaler Behavioral Micro-Cap Equity Fund

1D
2.46%
1M
8.60%
YTD
25.17%
6M
22.66%
1Y
40.56%
3Y*
11.91%
5Y*
0.29%
10Y*

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTMSX Monthly Returns History

Based on dividend-adjusted daily data since Jan 3, 2019, FTMSX's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.

Historically, 50% of months were positive and 50% were negative. The best month was Nov 2020 with a return of +25.9%, while the worst month was Mar 2020 at -34.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FTMSX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -15.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20265.49%-0.28%-5.33%12.60%8.37%2.99%25.17%
20252.87%-7.93%-13.64%-6.74%12.59%7.89%-0.68%8.58%3.50%-0.72%-3.12%0.82%0.30%
2024-6.53%2.44%3.99%-8.84%10.85%-4.64%9.14%-7.67%-0.88%-3.02%15.63%-3.33%3.88%
202314.90%-6.27%-5.80%-5.17%-0.54%14.06%7.21%-5.00%-5.97%-8.28%4.10%13.35%13.11%
2022-8.25%2.00%2.61%-11.13%-2.22%-15.01%11.42%-2.32%-15.45%13.01%-0.45%-6.11%-31.07%
202111.89%11.18%4.35%3.32%7.22%-0.64%-5.95%-0.20%-2.08%3.77%-2.32%3.24%37.45%

Benchmark Metrics

Fuller & Thaler Behavioral Micro-Cap Equity Fund has an annualized alpha of -6.54%, beta of 1.21, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since January 03, 2019.

  • This fund participated in 141.29% of S&P 500 Index downside but only 118.01% of its upside - more exposed to losses than it benefited from rallies.
  • This fund had an annualized alpha of -6.54% versus S&P 500 Index - delivering less than market exposure alone would predict.

Alpha
-6.54%
Beta
1.21
0.60
Upside Capture
118.01%
Downside Capture
141.29%

Expense Ratio

FTMSX has a high expense ratio of 2.30%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

FTMSX ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


FTMSX Risk / Return Rank: 3535
Overall Rank
FTMSX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
FTMSX Sortino Ratio Rank: 3131
Sortino Ratio Rank
FTMSX Omega Ratio Rank: 2929
Omega Ratio Rank
FTMSX Calmar Ratio Rank: 4040
Calmar Ratio Rank
FTMSX Martin Ratio Rank: 4242
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fuller & Thaler Behavioral Micro-Cap Equity Fund (FTMSX) and compare them to S&P 500 Index.

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.


FTMSXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.47

Sortino ratioReturn per unit of downside risk

-0.59

Omega ratioGain probability vs. loss probability

1.26

1.37

-0.10

Calmar ratioReturn relative to maximum drawdown

2.29

2.78

-0.49

Martin ratioReturn relative to average drawdown

8.44

12.44

-3.99

Dividends

Dividend History

Fuller & Thaler Behavioral Micro-Cap Equity Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.


0.00%2.00%4.00%6.00%8.00%$0.00$0.50$1.00$1.50$2.00$2.502019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019
Dividend$0.00$0.00$0.03$0.00$0.00$2.75$0.10$1.12

Dividend yield

0.00%0.00%0.12%0.00%0.00%8.27%0.37%4.90%

Monthly Dividends

The table displays the monthly dividend distributions for Fuller & Thaler Behavioral Micro-Cap Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03$0.03
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.75$2.75

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Fuller & Thaler Behavioral Micro-Cap Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fuller & Thaler Behavioral Micro-Cap Equity Fund was 53.12%, occurring on Mar 18, 2020. Recovery took 182 trading sessions.

The current Fuller & Thaler Behavioral Micro-Cap Equity Fund drawdown is 7.05%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-53.12%Mar 2020
1y 21d8mo 21d
1y 9moFeb 2019 - Dec 2020
2025 selloff2025
-48.67%Apr 2025
3y 4mo
4y 7moNov 2021 - now
2021 correction2021
-17.10%Aug 2021
2mo 11d2mo 21d
5mo 2dJun 2021 - Nov 2021
2021 correction2021
-11.86%Mar 2021
8d2mo 3d
2mo 11dMar 2021 - May 2021
2021 pullback2021
-6.24%Mar 2021
1d6d
7dMar 2021 - Mar 2021

Drawdown Indicators


FTMSXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-53.12%

-56.78%

+3.66%

Max Drawdown (1Y)

Largest decline over 1 year

-17.52%

-9.10%

-8.42%

Max Drawdown (3Y)

Largest decline over 3 years

-35.01%

-18.90%

-16.11%

Max Drawdown (5Y)

Largest decline over 5 years

-48.67%

-25.43%

-23.24%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-7.05%

-1.80%

-5.25%

Average Drawdown

Average peak-to-trough decline

-22.22%

-10.71%

-11.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.75%

2.03%

+2.72%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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