FMIHX vs. TANDX
FMIHX (FMI Large Cap Fund) and TANDX (Castle Tandem Fund) are both Large Cap Blend Equities funds. Over the past 5 years, FMIHX returned 7.10%/yr vs 2.38%/yr for TANDX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. FMIHX charges 0.82%/yr vs 1.59%/yr for TANDX.
Performance
FMIHX vs. TANDX - Performance Comparison
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Returns By Period
In the year-to-date period, FMIHX achieves a 8.78% return, which is significantly higher than TANDX's -6.24% return.
FMIHX
- 1D
- 1.40%
- 1M
- 3.72%
- 6M
- 5.84%
- YTD
- 8.78%
- 1Y
- 9.79%
- 3Y*
- 10.56%
- 5Y*
- 7.10%
- 10Y*
- 9.64%
- ALL TIME*
- 8.90%
TANDX
- 1D
- 0.86%
- 1M
- 3.68%
- 6M
- -2.95%
- YTD
- -6.24%
- 1Y
- -7.89%
- 3Y*
- 2.58%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 6.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FMIHX FMI Large Cap Fund | $0.00 | $0.00 | $0.00 |
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
FMIHX vs. TANDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMIHX FMI Large Cap Fund | 8.78% | 6.21% | 10.17% | 21.03% | -14.73% | 18.40% | 10.23% | 11.50% |
TANDX Castle Tandem Fund | -6.24% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 13.39% | 12.57% |
Correlation
The correlation between FMIHX and TANDX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.79 |
The correlation between FMIHX and TANDX has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
FMIHX vs. TANDX — Risk / Return Rank
FMIHX
TANDX
FMIHX vs. TANDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMI Large Cap Fund (FMIHX) and Castle Tandem Fund (TANDX). 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.
| FMIHX | TANDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.90 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.41 | +1.31 |
| Martin ratioReturn relative to average drawdown | 2.20 | -0.78 | +2.98 |
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Drawdowns
FMIHX vs. TANDX - Drawdown Comparison
The maximum FMIHX drawdown since its inception was -47.80%, smaller than the maximum TANDX drawdown of -93.98%. Use the drawdown chart below to compare losses from any high point for FMIHX and TANDX.
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Drawdown Indicators
| FMIHX | TANDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.80% | -93.98% | +46.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -16.88% | +4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.23% | -93.98% | +75.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -93.98% | +68.99% |
Max Drawdown (10Y)Largest decline over 10 years | -34.15% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -93.44% | +93.30% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -21.92% | +16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 8.84% | -3.98% |
Volatility
FMIHX vs. TANDX - Volatility Comparison
FMI Large Cap Fund (FMIHX) has a higher volatility of 4.94% compared to Castle Tandem Fund (TANDX) at 4.33%. This indicates that FMIHX's price experiences larger fluctuations and is considered to be riskier than TANDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMIHX | TANDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.33% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 8.78% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 10.70% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 596.04% | -578.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 490.88% | -473.23% |
FMIHX vs. TANDX - Expense Ratio Comparison
FMIHX has a 0.82% expense ratio, which is lower than TANDX's 1.59% expense ratio.
Dividends
FMIHX vs. TANDX - Dividend Comparison
FMIHX's dividend yield for the trailing twelve months is around 14.56%, more than TANDX's 6.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIHX FMI Large Cap Fund | 14.56% | 15.84% | 13.22% | 10.54% | 22.62% | 17.10% | 11.56% | 7.77% | 20.37% | 9.27% | 7.48% | 11.02% |
TANDX Castle Tandem Fund | 6.58% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMIHX and TANDX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMIHX has higher volatility (4.94%) compared to TANDX (4.33%). In terms of maximum drawdown, FMIHX dropped -47.80% vs TANDX's -93.98%.
FMIHX currently has the higher Sharpe Ratio (0.76 vs -0.65), 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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