FMIEX vs. SPY
Compare and contrast key facts about Wasatch Global Value Fund Investor Class Shares (FMIEX) and State Street SPDR S&P 500 ETF (SPY).
FMIEX is managed by Wasatch. It was launched on Sep 25, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FMIEX vs. SPY - Performance Comparison
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FMIEX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMIEX Wasatch Global Value Fund Investor Class Shares | 6.04% | 30.93% | 8.66% | 5.67% | -0.12% | 25.11% | 2.04% | 17.27% | -5.67% | 11.21% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FMIEX achieves a 6.04% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FMIEX has underperformed SPY with an annualized return of 11.03%, while SPY has yielded a comparatively higher 13.98% annualized return.
FMIEX
- 1D
- 0.60%
- 1M
- -5.84%
- YTD
- 6.04%
- 6M
- 10.61%
- 1Y
- 24.34%
- 3Y*
- 16.68%
- 5Y*
- 11.63%
- 10Y*
- 11.03%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FMIEX vs. SPY - Expense Ratio Comparison
FMIEX has a 1.10% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FMIEX vs. SPY — Risk / Return Rank
FMIEX
SPY
FMIEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Global Value Fund Investor Class Shares (FMIEX) and State Street SPDR S&P 500 ETF (SPY). 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.
| FMIEX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 0.93 | +1.21 |
Sortino ratioReturn per unit of downside risk | 2.85 | 1.45 | +1.40 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.53 | +1.04 |
Martin ratioReturn relative to average drawdown | 11.99 | 7.30 | +4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMIEX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 0.93 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.69 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.78 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.56 | +0.02 |
Correlation
The correlation between FMIEX and SPY is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMIEX vs. SPY - Dividend Comparison
FMIEX's dividend yield for the trailing twelve months is around 4.95%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIEX Wasatch Global Value Fund Investor Class Shares | 4.95% | 5.76% | 9.02% | 3.27% | 8.54% | 4.34% | 1.74% | 3.82% | 18.46% | 16.45% | 5.16% | 11.75% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FMIEX vs. SPY - Drawdown Comparison
The maximum FMIEX drawdown since its inception was -49.85%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FMIEX and SPY.
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Drawdown Indicators
| FMIEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.85% | -55.19% | +5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -12.05% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -24.50% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -39.33% | -33.72% | -5.61% |
Current DrawdownCurrent decline from peak | -5.84% | -6.24% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -9.09% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.52% | -0.48% |
Volatility
FMIEX vs. SPY - Volatility Comparison
The current volatility for Wasatch Global Value Fund Investor Class Shares (FMIEX) is 3.51%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FMIEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMIEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 5.31% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.70% | 9.47% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 19.05% | -7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.77% | 17.06% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 17.92% | -2.19% |