FMIJX vs. FMIYX

Last updated Jun 4, 2026

FMIJX (FMI International Fund) and FMIYX (FMI International Fund Class I) are both Foreign Large Cap Equities funds from FMI Funds. Over the past 5 years, FMIJX returned 3.20%/yr vs 5.48%/yr for FMIYX. With a 1.00 correlation, they move nearly in lockstep. FMIJX charges 0.94%/yr vs 0.80%/yr for FMIYX.

Performance

FMIJX vs. FMIYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FMI International Fund (FMIJX) and FMI International Fund Class I (FMIYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMIJX achieves a 0.23% return, which is significantly lower than FMIYX's 0.29% return.

FMIJX

• 1D: -0.17%
• 1M: 0.98%
• YTD: 0.23%
• 6M: 0.28%
• 1Y: 4.33%
• 3Y*: 7.47%
• 5Y*: 3.20%
• 10Y*: 5.39%

FMIYX

• 1D: -0.14%
• 1M: 1.01%
• YTD: 0.29%
• 6M: 0.37%
• 1Y: 4.48%
• 3Y*: 7.62%
• 5Y*: 5.48%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMIJX vs. FMIYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMIJX FMI International Fund	0.23%	8.57%	6.99%	21.81%	-18.67%	13.82%	0.06%	17.11%	-9.54%	13.90%
FMIYX FMI International Fund Class I	0.29%	8.73%	7.17%	21.96%	-9.78%	13.95%	0.19%	17.27%	-9.40%	15.59%

Correlation

The correlation between FMIJX and FMIYX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Nov 4, 2016	1.00

The correlation between FMIJX and FMIYX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FMIJX vs. FMIYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMIJX

FMIJX Risk / Return Rank: 5
FMIJX Sharpe Ratio Rank: 5
FMIJX Sortino Ratio Rank: 5
FMIJX Omega Ratio Rank: 5
FMIJX Calmar Ratio Rank: 4
FMIJX Martin Ratio Rank: 5

FMIYX

FMIYX Risk / Return Rank: 5
FMIYX Sharpe Ratio Rank: 5
FMIYX Sortino Ratio Rank: 5
FMIYX Omega Ratio Rank: 5
FMIYX Calmar Ratio Rank: 5
FMIYX Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMIJX vs. FMIYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FMI International Fund (FMIJX) and FMI International Fund Class I (FMIYX). 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.

	FMIJX	FMIYX	Difference
Sharpe ratio: Return per unit of total volatility	0.36	0.37	-0.01
Sortino ratio: Return per unit of downside risk	0.64	0.65	-0.02
Omega ratio: Gain probability vs. loss probability	1.07	1.08	0.00
Calmar ratio: Return relative to maximum drawdown	0.38	0.39	-0.01
Martin ratio: Return relative to average drawdown	1.26	1.30	-0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMIJX vs. FMIYX - Sharpe Ratio Comparison

The current FMIJX Sharpe Ratio is 0.36, which is comparable to the FMIYX Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of FMIJX and FMIYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FMIJX	FMIYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	0.37	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.40	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.45	+0.03

Drawdowns

FMIJX vs. FMIYX - Drawdown Comparison

The maximum FMIJX drawdown since its inception was -37.45%, roughly equal to the maximum FMIYX drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for FMIJX and FMIYX.

Drawdown Indicators

	FMIJX	FMIYX	Difference
Max Drawdown Largest peak-to-trough decline	-37.45%	-37.43%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.46%	-13.48%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-15.88%	-15.87%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.77%	-21.69%	-0.08%
Max Drawdown (10Y) Largest decline over 10 years	-37.45%	—	—
Current Drawdown Current decline from peak	-6.00%	-5.97%	-0.03%
Average Drawdown Average peak-to-trough decline	-4.67%	-4.74%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	4.02%	+0.01%

Volatility

FMIJX vs. FMIYX - Volatility Comparison

FMI International Fund (FMIJX) and FMI International Fund Class I (FMIYX) have volatilities of 3.96% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMIJX	FMIYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	3.92%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	11.00%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	14.05%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	13.63%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	14.95%	+0.23%

FMIJX vs. FMIYX - Expense Ratio Comparison

FMIJX has a 0.94% expense ratio, which is higher than FMIYX's 0.80% expense ratio.

Dividends

FMIJX vs. FMIYX - Dividend Comparison

FMIJX's dividend yield for the trailing twelve months is around 13.06%, which matches FMIYX's 13.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIJX FMI International Fund	13.06%	13.09%	0.00%	0.00%	4.43%	3.46%	0.00%	3.55%	7.43%	0.28%	3.76%	1.84%
FMIYX FMI International Fund Class I	13.15%	13.19%	0.00%	0.00%	15.31%	3.57%	0.00%	3.66%	7.65%	1.65%	3.78%	0.00%

Frequently Asked Questions

Can I hold both FMIJX and FMIYX in my portfolio?

With a correlation of 1.00, FMIJX and FMIYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FMIJX or FMIYX?

FMIJX has higher volatility (3.96%) compared to FMIYX (3.92%). In terms of maximum drawdown, FMIJX dropped -37.45% vs FMIYX's -37.43%.

Which has better risk-adjusted returns?

FMIYX currently has the higher Sharpe Ratio (0.37 vs 0.36), 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.