FMIMX vs. RSPN
Compare and contrast key facts about FMI Common Stock Fund (FMIMX) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN).
FMIMX is managed by FMI Funds. It was launched on Dec 18, 1981. RSPN is a passively managed fund by Invesco that tracks the performance of the S&P 500® Equal Weight Industrials Index. It was launched on Jan 11, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMIMX or RSPN.
Key characteristics
| FMIMX | RSPN | |
|---|---|---|
| YTD Return | 7.32% | 15.06% |
| 1Y Return | 18.67% | 26.13% |
| 3Y Return (Ann) | 11.06% | 10.17% |
| 5Y Return (Ann) | 12.59% | 14.25% |
| 10Y Return (Ann) | 9.95% | 11.10% |
| Sharpe Ratio | 1.16 | 1.78 |
| Daily Std Dev | 16.51% | 14.34% |
| Max Drawdown | -59.12% | -61.64% |
| Current Drawdown | -4.21% | -0.06% |
Correlation
The correlation between FMIMX and RSPN is 0.81, 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.
Performance
FMIMX vs. RSPN - Performance Comparison
In the year-to-date period, FMIMX achieves a 7.32% return, which is significantly lower than RSPN's 15.06% return. Over the past 10 years, FMIMX has underperformed RSPN with an annualized return of 9.95%, while RSPN has yielded a comparatively higher 11.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMIMX vs. RSPN - Expense Ratio Comparison
FMIMX has a 1.01% expense ratio, which is higher than RSPN's 0.40% expense ratio.
Risk-Adjusted Performance
FMIMX vs. RSPN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FMI Common Stock Fund (FMIMX) and Invesco S&P 500® Equal Weight Industrials ETF (RSPN). 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.
Dividends
FMIMX vs. RSPN - Dividend Comparison
FMIMX's dividend yield for the trailing twelve months is around 2.64%, more than RSPN's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIMX FMI Common Stock Fund | 2.64% | 2.84% | 6.65% | 12.44% | 0.76% | 4.93% | 10.17% | 11.82% | 4.92% | 10.77% | 12.38% | 0.45% |
RSPN Invesco S&P 500® Equal Weight Industrials ETF | 0.91% | 0.65% | 0.22% | 0.00% | 0.06% | 0.21% | 0.11% | 0.08% | 0.09% | 0.00% | 0.10% | 0.00% |
Drawdowns
FMIMX vs. RSPN - Drawdown Comparison
The maximum FMIMX drawdown since its inception was -59.12%, roughly equal to the maximum RSPN drawdown of -61.64%. Use the drawdown chart below to compare losses from any high point for FMIMX and RSPN. For additional features, visit the drawdowns tool.
Volatility
FMIMX vs. RSPN - Volatility Comparison
FMI Common Stock Fund (FMIMX) has a higher volatility of 5.04% compared to Invesco S&P 500® Equal Weight Industrials ETF (RSPN) at 3.89%. This indicates that FMIMX's price experiences larger fluctuations and is considered to be riskier than RSPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.