DISVX vs. FMNEX
DISVX (DFA International Small Cap Value Portfolio Institutional Class) and FMNEX (RBB Free Market International Equity Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, DISVX returned 10.79%/yr vs 9.83%/yr for FMNEX. Their 0.97 correlation means they have historically moved very closely together. DISVX charges 0.43%/yr vs 0.56%/yr for FMNEX.
Performance
DISVX vs. FMNEX - Performance Comparison
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Returns By Period
In the year-to-date period, DISVX achieves a 10.94% return, which is significantly lower than FMNEX's 12.36% return. Over the past 10 years, DISVX has outperformed FMNEX with an annualized return of 10.79%, while FMNEX has yielded a comparatively lower 9.83% annualized return.
DISVX
- 1D
- -0.85%
- 1M
- 2.17%
- 6M
- 3.74%
- YTD
- 10.94%
- 1Y
- 31.03%
- 3Y*
- 23.94%
- 5Y*
- 14.38%
- 10Y*
- 10.79%
- ALL TIME*
- 8.34%
FMNEX
- 1D
- -0.51%
- 1M
- 1.81%
- 6M
- 5.37%
- YTD
- 12.36%
- 1Y
- 30.07%
- 3Y*
- 19.16%
- 5Y*
- 11.45%
- 10Y*
- 9.83%
- ALL TIME*
- 5.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DISVX vs. FMNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DISVX DFA International Small Cap Value Portfolio Institutional Class | 10.94% | 52.17% | 7.88% | 17.58% | -9.80% | 15.84% | 0.82% | 21.04% | -23.36% | 25.41% |
FMNEX RBB Free Market International Equity Fund | 12.36% | 42.81% | 2.15% | 16.13% | -10.54% | 14.50% | 2.74% | 17.72% | -19.58% | 27.74% |
Correlation
The correlation between DISVX and FMNEX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.97 |
The correlation between DISVX and FMNEX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
DISVX vs. FMNEX — Risk / Return Rank
DISVX
FMNEX
DISVX vs. FMNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA International Small Cap Value Portfolio Institutional Class (DISVX) and RBB Free Market International Equity Fund (FMNEX). 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.
| DISVX | FMNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.66 | -0.24 |
| Martin ratioReturn relative to average drawdown | 7.69 | 9.87 | -2.18 |
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Drawdowns
DISVX vs. FMNEX - Drawdown Comparison
The maximum DISVX drawdown since its inception was -61.57%, roughly equal to the maximum FMNEX drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for DISVX and FMNEX.
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Drawdown Indicators
| DISVX | FMNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.57% | -59.76% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -11.38% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -13.46% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.43% | -26.61% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -49.24% | -47.35% | -1.89% |
Current DrawdownCurrent decline from peak | -3.06% | -0.63% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -12.10% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.07% | +1.09% |
Volatility
DISVX vs. FMNEX - Volatility Comparison
DFA International Small Cap Value Portfolio Institutional Class (DISVX) has a higher volatility of 4.95% compared to RBB Free Market International Equity Fund (FMNEX) at 4.65%. This indicates that DISVX's price experiences larger fluctuations and is considered to be riskier than FMNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DISVX | FMNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.65% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 12.55% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 14.58% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 15.64% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 15.91% | +0.57% |
DISVX vs. FMNEX - Expense Ratio Comparison
DISVX has a 0.43% expense ratio, which is lower than FMNEX's 0.56% expense ratio.
Dividends
DISVX vs. FMNEX - Dividend Comparison
DISVX's dividend yield for the trailing twelve months is around 6.49%, more than FMNEX's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DISVX DFA International Small Cap Value Portfolio Institutional Class | 6.49% | 7.17% | 4.56% | 3.87% | 2.40% | 3.51% | 1.84% | 3.97% | 5.91% | 3.77% | 5.85% | 3.51% |
FMNEX RBB Free Market International Equity Fund | 4.17% | 4.69% | 0.00% | 2.49% | 3.46% | 1.31% | 3.03% | 2.56% | 4.12% | 3.30% | 3.17% | 3.60% |
Frequently Asked Questions
With a correlation of 0.95, DISVX and FMNEX 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.
DISVX has higher volatility (4.95%) compared to FMNEX (4.65%). In terms of maximum drawdown, DISVX dropped -61.57% vs FMNEX's -59.76%.
DISVX currently has the higher Sharpe Ratio (2.12 vs 2.08), 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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