FMIHX vs. SCHX
Compare and contrast key facts about FMI Large Cap Fund (FMIHX) and Schwab U.S. Large-Cap ETF (SCHX).
FMIHX is managed by FMI Funds. It was launched on Dec 31, 2001. SCHX is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Total Stock Market Index. It was launched on Nov 3, 2009.
Performance
FMIHX vs. SCHX - Performance Comparison
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FMIHX vs. SCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMIHX FMI Large Cap Fund | -5.25% | 6.21% | 10.17% | 21.03% | -14.73% | 18.40% | 10.23% | 23.66% | -4.10% | 19.25% |
SCHX Schwab U.S. Large-Cap ETF | -3.70% | 17.46% | 24.88% | 26.84% | -19.41% | 26.81% | 20.81% | 31.22% | -4.66% | 21.95% |
Returns By Period
In the year-to-date period, FMIHX achieves a -5.25% return, which is significantly lower than SCHX's -3.70% return. Over the past 10 years, FMIHX has underperformed SCHX with an annualized return of 8.76%, while SCHX has yielded a comparatively higher 14.02% annualized return.
FMIHX
- 1D
- 1.69%
- 1M
- -7.81%
- YTD
- -5.25%
- 6M
- -5.11%
- 1Y
- -0.87%
- 3Y*
- 8.88%
- 5Y*
- 4.82%
- 10Y*
- 8.76%
SCHX
- 1D
- 0.78%
- 1M
- -4.31%
- YTD
- -3.70%
- 6M
- -1.70%
- 1Y
- 17.91%
- 3Y*
- 18.55%
- 5Y*
- 11.30%
- 10Y*
- 14.02%
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FMIHX vs. SCHX - Expense Ratio Comparison
FMIHX has a 0.82% expense ratio, which is higher than SCHX's 0.03% expense ratio.
Return for Risk
FMIHX vs. SCHX — Risk / Return Rank
FMIHX
SCHX
FMIHX vs. SCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMI Large Cap Fund (FMIHX) and Schwab U.S. Large-Cap ETF (SCHX). 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.
| FMIHX | SCHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.98 | -1.01 |
Sortino ratioReturn per unit of downside risk | 0.07 | 1.50 | -1.42 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.51 | -1.49 |
Martin ratioReturn relative to average drawdown | 0.06 | 7.02 | -6.96 |
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
| FMIHX | SCHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.98 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.66 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.78 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.80 | -0.32 |
Correlation
The correlation between FMIHX and SCHX is 0.89, 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
FMIHX vs. SCHX - Dividend Comparison
FMIHX's dividend yield for the trailing twelve months is around 16.72%, more than SCHX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIHX FMI Large Cap Fund | 16.72% | 15.84% | 13.22% | 10.54% | 22.62% | 17.10% | 11.56% | 7.77% | 20.37% | 9.27% | 7.48% | 11.02% |
SCHX Schwab U.S. Large-Cap ETF | 1.16% | 1.09% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.02% | 1.70% | 1.92% | 2.04% |
Drawdowns
FMIHX vs. SCHX - Drawdown Comparison
The maximum FMIHX drawdown since its inception was -47.80%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for FMIHX and SCHX.
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Drawdown Indicators
| FMIHX | SCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.80% | -34.33% | -13.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -12.19% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -25.41% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -34.15% | -34.33% | +0.18% |
Current DrawdownCurrent decline from peak | -10.43% | -5.67% | -4.76% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -4.00% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.62% | +1.10% |
Volatility
FMIHX vs. SCHX - Volatility Comparison
The current volatility for FMI Large Cap Fund (FMIHX) is 4.50%, while Schwab U.S. Large-Cap ETF (SCHX) has a volatility of 5.36%. This indicates that FMIHX experiences smaller price fluctuations and is considered to be less risky than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMIHX | SCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 5.36% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 9.67% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 18.33% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 17.13% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 18.13% | -0.55% |