FMIMX vs. FMIUX
FMIMX (FMI Common Stock Fund) and FMIUX (FMI Common Stock Fund Institutional Class) are both mutual funds - FMIMX is a Mid Cap Blend Equities fund managed by FMI, while FMIUX is a Small Cap Value Equities fund actively managed by FMI. Over the past 5 years, FMIMX returned 10.66%/yr vs 10.80%/yr for FMIUX. Their 1.00 correlation means they have historically moved very closely together. FMIMX charges 1.01%/yr vs 0.84%/yr for FMIUX.
Performance
FMIMX vs. FMIUX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FMIMX having a 18.42% return and FMIUX slightly higher at 18.53%.
FMIMX
- 1D
- -0.08%
- 1M
- 2.60%
- 6M
- 10.98%
- YTD
- 18.42%
- 1Y
- 17.81%
- 3Y*
- 12.55%
- 5Y*
- 10.66%
- 10Y*
- 12.09%
- ALL TIME*
- 9.42%
FMIUX
- 1D
- -0.08%
- 1M
- 2.59%
- 6M
- 11.02%
- YTD
- 18.53%
- 1Y
- 17.92%
- 3Y*
- 12.68%
- 5Y*
- 10.80%
- 10Y*
- —
- ALL TIME*
- 11.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMIMX vs. FMIUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMIMX FMI Common Stock Fund | 18.42% | 2.12% | 10.38% | 24.85% | -5.95% | 30.52% | 5.79% | 24.80% | -8.77% | 13.92% |
FMIUX FMI Common Stock Fund Institutional Class | 18.53% | 2.20% | 10.53% | 25.01% | -5.83% | 30.64% | 5.91% | 24.95% | -8.66% | 13.17% |
Correlation
The correlation between FMIMX and FMIUX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 1.00 |
The correlation between FMIMX and FMIUX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FMIMX vs. FMIUX — Risk / Return Rank
FMIMX
FMIUX
FMIMX vs. FMIUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMI Common Stock Fund (FMIMX) and FMI Common Stock Fund Institutional Class (FMIUX). 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.
| FMIMX | FMIUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.26 | -0.01 |
| Martin ratioReturn relative to average drawdown | 3.10 | 3.13 | -0.03 |
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Drawdowns
FMIMX vs. FMIUX - Drawdown Comparison
The maximum FMIMX drawdown since its inception was -59.09%, which is greater than FMIUX's maximum drawdown of -38.04%. Use the drawdown chart below to compare losses from any high point for FMIMX and FMIUX.
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Drawdown Indicators
| FMIMX | FMIUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -38.04% | -21.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -13.78% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.31% | -21.27% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -21.27% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -38.07% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.85% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -4.88% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 5.54% | +0.01% |
Volatility
FMIMX vs. FMIUX - Volatility Comparison
FMI Common Stock Fund (FMIMX) and FMI Common Stock Fund Institutional Class (FMIUX) have volatilities of 5.06% and 5.09%, 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.
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Volatility by Period
| FMIMX | FMIUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 5.09% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 12.68% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 17.60% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 18.65% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 19.50% | -0.27% |
FMIMX vs. FMIUX - Expense Ratio Comparison
FMIMX has a 1.01% expense ratio, which is higher than FMIUX's 0.84% expense ratio.
Dividends
FMIMX vs. FMIUX - Dividend Comparison
FMIMX's dividend yield for the trailing twelve months is around 11.18%, less than FMIUX's 11.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIMX FMI Common Stock Fund | 11.18% | 13.24% | 2.01% | 2.84% | 6.65% | 12.44% | 0.76% | 4.93% | 10.17% | 11.82% | 4.92% | 10.77% |
FMIUX FMI Common Stock Fund Institutional Class | 11.32% | 13.42% | 2.14% | 2.92% | 6.76% | 12.56% | 0.85% | 5.01% | 10.33% | 11.84% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, FMIMX and FMIUX 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.
FMIUX has higher volatility (5.09%) compared to FMIMX (5.06%). In terms of maximum drawdown, FMIMX dropped -59.09% vs FMIUX's -38.04%.
FMIUX currently has the higher Sharpe Ratio (0.99 vs 0.99), 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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