BERCX vs. FMUEX
BERCX (Chartwell Mid Cap Value Fund) and FMUEX (RBB Free Market U.S. Equity Fund) are both Mid Cap Value Equities funds. Over the past 10 years, BERCX returned 8.50%/yr vs 11.34%/yr for FMUEX. Their correlation of 0.91 suggests significant overlap in exposure. BERCX charges 0.90%/yr vs 0.78%/yr for FMUEX.
Performance
BERCX vs. FMUEX - Performance Comparison
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Returns By Period
In the year-to-date period, BERCX achieves a 10.50% return, which is significantly lower than FMUEX's 18.99% return. Over the past 10 years, BERCX has underperformed FMUEX with an annualized return of 8.50%, while FMUEX has yielded a comparatively higher 11.34% annualized return.
BERCX
- 1D
- -0.49%
- 1M
- -0.86%
- 6M
- 5.38%
- YTD
- 10.50%
- 1Y
- 17.16%
- 3Y*
- 11.70%
- 5Y*
- 7.60%
- 10Y*
- 8.50%
FMUEX
- 1D
- -0.25%
- 1M
- 0.41%
- 6M
- 14.20%
- YTD
- 18.99%
- 1Y
- 29.55%
- 3Y*
- 16.23%
- 5Y*
- 10.53%
- 10Y*
- 11.34%
BERCX vs. FMUEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BERCX Chartwell Mid Cap Value Fund | 10.50% | 11.77% | 11.35% | 6.93% | -11.61% | 27.30% | -3.83% | 23.31% | -10.92% | 16.98% |
FMUEX RBB Free Market U.S. Equity Fund | 18.99% | 12.79% | 8.09% | 17.10% | -10.47% | 31.75% | 5.65% | 22.44% | -11.62% | 13.44% |
Correlation
The correlation between BERCX and FMUEX 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 | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.91 |
The correlation between BERCX and FMUEX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
BERCX vs. FMUEX — Risk / Return Rank
BERCX
FMUEX
BERCX vs. FMUEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chartwell Mid Cap Value Fund (BERCX) and RBB Free Market U.S. Equity Fund (FMUEX). 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.
| BERCX | FMUEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.92 | -2.45 |
| Martin ratioReturn relative to average drawdown | 4.97 | 14.20 | -9.23 |
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Drawdowns
BERCX vs. FMUEX - Drawdown Comparison
The maximum BERCX drawdown since its inception was -52.71%, smaller than the maximum FMUEX drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for BERCX and FMUEX.
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Drawdown Indicators
| BERCX | FMUEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.71% | -58.03% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -7.61% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.57% | -25.49% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -25.49% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.41% | -42.31% | -0.10% |
Current DrawdownCurrent decline from peak | -2.23% | -0.60% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -8.02% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.10% | +1.30% |
Volatility
BERCX vs. FMUEX - Volatility Comparison
Chartwell Mid Cap Value Fund (BERCX) has a higher volatility of 4.66% compared to RBB Free Market U.S. Equity Fund (FMUEX) at 3.55%. This indicates that BERCX's price experiences larger fluctuations and is considered to be riskier than FMUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BERCX | FMUEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 3.55% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 10.12% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 14.31% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 18.35% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 19.66% | -0.52% |
BERCX vs. FMUEX - Expense Ratio Comparison
BERCX has a 0.90% expense ratio, which is higher than FMUEX's 0.78% expense ratio.
Dividends
BERCX vs. FMUEX - Dividend Comparison
BERCX's dividend yield for the trailing twelve months is around 11.51%, more than FMUEX's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BERCX Chartwell Mid Cap Value Fund | 11.51% | 12.71% | 13.39% | 3.20% | 1.12% | 0.60% | 1.12% | 2.08% | 8.03% | 23.00% | 3.32% | 0.92% |
FMUEX RBB Free Market U.S. Equity Fund | 1.57% | 1.87% | 0.00% | 4.12% | 8.26% | 4.38% | 1.61% | 5.57% | 5.88% | 3.80% | 4.80% | 8.51% |
Frequently Asked Questions
With a correlation of 0.90, BERCX and FMUEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BERCX has higher volatility (4.66%) compared to FMUEX (3.55%). In terms of maximum drawdown, BERCX dropped -52.71% vs FMUEX's -58.03%.
FMUEX currently has the higher Sharpe Ratio (2.09 vs 1.02), 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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