FMIUX vs. FMIYX

Last updated Aug 1, 2026

FMIUX (FMI Common Stock Fund Institutional Class) and FMIYX (FMI International Fund Class I) are both mutual funds - FMIUX is a Small Cap Value Equities fund actively managed by FMI, while FMIYX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Net (USD). FMIUX is actively managed, while FMIYX is passively managed. Over the past 5 years, FMIUX returned 10.81%/yr vs 8.16%/yr for FMIYX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FMIUX charges 0.84%/yr vs 0.80%/yr for FMIYX.

Performance

FMIUX vs. FMIYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FMI Common Stock Fund Institutional Class (FMIUX) 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, FMIUX achieves a 18.62% return, which is significantly higher than FMIYX's 11.41% return.

FMIUX

• 1D: -0.78%
• 1M: 2.67%
• 6M: 11.95%
• YTD: 18.62%
• 1Y: 18.01%
• 3Y*: 12.91%
• 5Y*: 10.81%
• 10Y*: —
• ALL TIME*: 11.44%

FMIYX

• 1D: 0.85%
• 1M: 4.24%
• 6M: 7.78%
• YTD: 11.41%
• 1Y: 16.23%
• 3Y*: 10.33%
• 5Y*: 8.16%
• 10Y*: —
• ALL TIME*: 7.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMIUX FMI Common Stock Fund Institutional Class	$0.00	$0.00	$0.00
FMIYX FMI International Fund Class I	$0.00	$0.00	$0.00

FMIUX vs. FMIYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMIUX FMI Common Stock Fund Institutional Class	18.62%	2.20%	10.53%	25.01%	-5.83%	30.64%	5.91%	24.95%	-8.66%	13.17%
FMIYX FMI International Fund Class I	11.41%	8.73%	7.17%	21.96%	-9.78%	13.95%	0.19%	17.27%	-9.40%	15.59%

Correlation

The correlation between FMIUX and FMIYX is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.73

The correlation between FMIUX and FMIYX has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

Return for Risk

FMIUX vs. FMIYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMIUX

FMIUX Risk / Return Rank: 22
FMIUX Sharpe Ratio Rank: 22
FMIUX Sortino Ratio Rank: 25
FMIUX Omega Ratio Rank: 22
FMIUX Calmar Ratio Rank: 21
FMIUX Martin Ratio Rank: 18

FMIYX

FMIYX Risk / Return Rank: 25
FMIYX Sharpe Ratio Rank: 27
FMIYX Sortino Ratio Rank: 29
FMIYX Omega Ratio Rank: 26
FMIYX Calmar Ratio Rank: 21
FMIYX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMIUX vs. FMIYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FMI Common Stock Fund Institutional Class (FMIUX) 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.

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.

	FMIUX	FMIYX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.96	-0.10
Sortino ratio: Return per unit of downside risk	1.41	1.51	-0.09
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.02
Calmar ratio: Return relative to maximum drawdown	1.10	1.04	+0.06
Martin ratio: Return relative to average drawdown	2.73	3.41	-0.68

FMIUX vs. FMIYX - Sharpe Ratio Comparison

The current FMIUX Sharpe Ratio is 0.86, which is comparable to the FMIYX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FMIUX 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.

Drawdowns

FMIUX vs. FMIYX - Drawdown Comparison

The maximum FMIUX drawdown since its inception was -38.04%, roughly equal to the maximum FMIYX drawdown of -37.43%. Use the drawdown chart below to compare losses from any high point for FMIUX and FMIYX.

Drawdown Indicators

	FMIUX	FMIYX	Difference
Max Drawdown Largest peak-to-trough decline	-38.04%	-37.43%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-13.48%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-21.27%	-15.87%	-5.40%
Max Drawdown (5Y) Largest decline over 5 years	-21.27%	-21.69%	+0.42%
Current Drawdown Current decline from peak	-0.78%	0.00%	-0.78%
Average Drawdown Average peak-to-trough decline	-4.88%	-4.69%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	4.11%	+1.44%

Volatility

FMIUX vs. FMIYX - Volatility Comparison

FMI Common Stock Fund Institutional Class (FMIUX) has a higher volatility of 5.15% compared to FMI International Fund Class I (FMIYX) at 4.13%. This indicates that FMIUX's price experiences larger fluctuations and is considered to be riskier than FMIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMIUX	FMIYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	4.13%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	11.95%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	14.62%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.66%	13.78%	+4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	14.96%	+4.54%

FMIUX vs. FMIYX - Expense Ratio Comparison

FMIUX has a 0.84% expense ratio, which is higher than FMIYX's 0.80% expense ratio.

Dividends

FMIUX vs. FMIYX - Dividend Comparison

FMIUX's dividend yield for the trailing twelve months is around 11.31%, less than FMIYX's 11.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FMIUX FMI Common Stock Fund Institutional Class	11.31%	13.42%	2.14%	2.92%	6.76%	12.56%	0.85%	5.01%	10.33%	11.84%	0.00%
FMIYX FMI International Fund Class I	11.84%	13.19%	0.00%	0.00%	15.31%	3.57%	0.00%	3.66%	7.65%	1.65%	3.78%

Frequently Asked Questions

Can I hold both FMIUX and FMIYX in my portfolio?

FMIUX and FMIYX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMIUX or FMIYX?

FMIUX has higher volatility (5.15%) compared to FMIYX (4.13%). In terms of maximum drawdown, FMIUX dropped -38.04% vs FMIYX's -37.43%.

Which has better risk-adjusted returns?

FMIYX currently has the higher Sharpe Ratio (0.96 vs 0.86), 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.