FMCE vs. IUS
FMCE (FM Compounders Equity ETF) and IUS (Invesco RAFI Strategic US ETF) are both Large Cap Blend Equities funds. FMCE is actively managed, while IUS is passively managed. Over the past year, FMCE returned 12.07% vs 30.78% for IUS. Their correlation of 0.85 suggests significant overlap in exposure. FMCE charges 0.72%/yr vs 0.19%/yr for IUS.
Performance
FMCE vs. IUS - Performance Comparison
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Returns By Period
In the year-to-date period, FMCE achieves a 6.86% return, which is significantly lower than IUS's 14.43% return.
FMCE
- 1D
- -1.15%
- 1M
- -0.09%
- YTD
- 6.86%
- 6M
- 6.05%
- 1Y
- 12.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUS
- 1D
- -0.02%
- 1M
- 0.18%
- YTD
- 14.43%
- 6M
- 13.98%
- 1Y
- 30.78%
- 3Y*
- 19.91%
- 5Y*
- 13.73%
- 10Y*
- —
FMCE vs. IUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FMCE FM Compounders Equity ETF | 6.86% | 11.11% | -2.72% |
IUS Invesco RAFI Strategic US ETF | 14.43% | 16.94% | -3.36% |
Correlation
The correlation between FMCE and IUS is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.85 |
The correlation between FMCE and IUS has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
FMCE vs. IUS — Risk / Return Rank
FMCE
IUS
FMCE vs. IUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FM Compounders Equity ETF (FMCE) and Invesco RAFI Strategic US ETF (IUS). 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.
| FMCE | IUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.53 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 5.03 | -3.90 |
| Martin ratioReturn relative to average drawdown | 3.94 | 20.93 | -17.00 |
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Drawdowns
FMCE vs. IUS - Drawdown Comparison
The maximum FMCE drawdown since its inception was -11.69%, smaller than the maximum IUS drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for FMCE and IUS.
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Drawdown Indicators
| FMCE | IUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -34.67% | +22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -6.15% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.72% | — |
Current DrawdownCurrent decline from peak | -1.49% | -1.76% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -3.85% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 1.47% | +1.60% |
Volatility
FMCE vs. IUS - Volatility Comparison
FM Compounders Equity ETF (FMCE) has a higher volatility of 4.20% compared to Invesco RAFI Strategic US ETF (IUS) at 3.84%. This indicates that FMCE's price experiences larger fluctuations and is considered to be riskier than IUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCE | IUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.84% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 8.03% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 10.69% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 15.03% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 18.02% | -3.63% |
FMCE vs. IUS - Expense Ratio Comparison
FMCE has a 0.72% expense ratio, which is higher than IUS's 0.19% expense ratio.
Dividends
FMCE vs. IUS - Dividend Comparison
FMCE's dividend yield for the trailing twelve months is around 2.99%, more than IUS's 1.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FMCE FM Compounders Equity ETF | 2.99% | 3.20% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUS Invesco RAFI Strategic US ETF | 1.30% | 1.48% | 1.52% | 1.72% | 1.78% | 1.46% | 1.74% | 1.77% | 0.73% |
Frequently Asked Questions
FMCE and IUS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMCE has higher volatility (4.20%) compared to IUS (3.84%). In terms of maximum drawdown, FMCE dropped -11.69% vs IUS's -34.67%.
On 1-year performance, IUS leads with 30.78% vs 12.07% for FMCE. On fees, IUS is cheaper at 0.19% per year. On volatility, IUS has been the lower-risk option at 3.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IUS has performed better with a 30.78% return vs 12.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUS is cheaper with a 0.19% expense ratio, compared with 0.72% for FMCE.
FMCE has the higher dividend yield at 2.99%, compared with 1.30% for IUS.
They also come from different issuers: First Manhattan and Invesco. Their fees differ too: 0.72% for FMCE and 0.19% for IUS.
IUS currently has the higher Sharpe Ratio (2.89 vs 0.96), 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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