FMFIX vs. FMNEX
FMFIX (RBB Free Market Fixed Income Fund) and FMNEX (RBB Free Market International Equity Fund) are both mutual funds - FMFIX is a Short-Term Bond fund managed by RBB Funds, while FMNEX is a Foreign Small & Mid Cap Equities fund managed by RBB Funds. Over the past 10 years, FMFIX returned 1.27%/yr vs 9.94%/yr for FMNEX. At a correlation of -0.04, they often move in opposite directions. FMFIX charges 0.68%/yr vs 0.56%/yr for FMNEX.
Performance
FMFIX vs. FMNEX - Performance Comparison
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Returns By Period
In the year-to-date period, FMFIX achieves a 1.10% return, which is significantly lower than FMNEX's 11.97% return. Over the past 10 years, FMFIX has underperformed FMNEX with an annualized return of 1.27%, while FMNEX has yielded a comparatively higher 9.94% annualized return.
FMFIX
- 1D
- 0.20%
- 1M
- 0.50%
- YTD
- 1.10%
- 6M
- 1.15%
- 1Y
- 3.49%
- 3Y*
- 3.39%
- 5Y*
- 0.95%
- 10Y*
- 1.27%
FMNEX
- 1D
- 0.23%
- 1M
- 0.81%
- YTD
- 11.97%
- 6M
- 12.35%
- 1Y
- 34.41%
- 3Y*
- 20.05%
- 5Y*
- 11.53%
- 10Y*
- 9.94%
FMFIX vs. FMNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 1.10% | 4.88% | 0.71% | 5.43% | -6.52% | -1.06% | 3.28% | 4.78% | 0.65% | 1.05% |
FMNEX RBB Free Market International Equity Fund | 11.97% | 42.81% | 2.15% | 16.13% | -10.54% | 14.50% | 2.74% | 17.72% | -19.58% | 27.74% |
Correlation
The correlation between FMFIX and FMNEX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.04 |
The correlation between FMFIX and FMNEX shifts across timeframes, from -0.04 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FMFIX vs. FMNEX — Risk / Return Rank
FMFIX
FMNEX
FMFIX vs. FMNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBB Free Market Fixed Income Fund (FMFIX) 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.
| FMFIX | FMNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.43 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.96 | +0.26 |
| Martin ratioReturn relative to average drawdown | 11.82 | 11.21 | +0.61 |
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Drawdowns
FMFIX vs. FMNEX - Drawdown Comparison
The maximum FMFIX drawdown since its inception was -9.35%, smaller than the maximum FMNEX drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for FMFIX and FMNEX.
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Drawdown Indicators
| FMFIX | FMNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.35% | -59.76% | +50.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -11.38% | +10.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -13.46% | +9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -26.61% | +17.35% |
Max Drawdown (10Y)Largest decline over 10 years | -9.35% | -47.35% | +38.00% |
Current DrawdownCurrent decline from peak | -0.00% | -0.97% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -12.16% | +10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 3.00% | -2.70% |
Volatility
FMFIX vs. FMNEX - Volatility Comparison
The current volatility for RBB Free Market Fixed Income Fund (FMFIX) is 0.57%, while RBB Free Market International Equity Fund (FMNEX) has a volatility of 4.93%. This indicates that FMFIX experiences smaller price fluctuations and is considered to be less risky 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
| FMFIX | FMNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 4.93% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 11.87% | -10.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 14.15% | -12.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 15.60% | -12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.43% | 16.15% | -13.72% |
FMFIX vs. FMNEX - Expense Ratio Comparison
FMFIX has a 0.68% expense ratio, which is higher than FMNEX's 0.56% expense ratio.
Dividends
FMFIX vs. FMNEX - Dividend Comparison
FMFIX's dividend yield for the trailing twelve months is around 3.64%, less than FMNEX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 3.64% | 3.49% | 0.71% | 2.75% | 1.35% | 0.37% | 1.22% | 1.44% | 2.45% | 1.25% | 0.58% | 0.39% |
FMNEX RBB Free Market International Equity Fund | 4.19% | 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
FMFIX and FMNEX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMNEX has higher volatility (4.93%) compared to FMFIX (0.57%). In terms of maximum drawdown, FMFIX dropped -9.35% vs FMNEX's -59.76%.
FMNEX currently has the higher Sharpe Ratio (2.38 vs 2.18), 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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