FMIUX vs. WSCVX

Last updated Aug 1, 2026

FMIUX (FMI Common Stock Fund Institutional Class) and WSCVX (North Star Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past year, FMIUX returned 18.01% vs 40.00% for WSCVX. Their correlation of 0.83 means they have usually moved in the same direction. FMIUX charges 0.84%/yr vs 1.21%/yr for WSCVX.

Performance

FMIUX vs. WSCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FMI Common Stock Fund Institutional Class (FMIUX) and North Star Small Cap Value Fund (WSCVX). 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 lower than WSCVX's 23.53% 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%

WSCVX

• 1D: 1.13%
• 1M: -2.66%
• 6M: 14.01%
• YTD: 23.53%
• 1Y: 40.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.29%

*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
WSCVX North Star Small Cap Value Fund	$0.00	$0.00	$0.00

FMIUX vs. WSCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FMIUX FMI Common Stock Fund Institutional Class	18.62%	2.20%	10.53%	11.14%
WSCVX North Star Small Cap Value Fund	23.53%	13.80%	29.11%	7.98%

Correlation

The correlation between FMIUX and WSCVX is 0.73, 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.	0.73
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023	0.83

The correlation between FMIUX and WSCVX has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.

Return for Risk

FMIUX vs. WSCVX — 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

WSCVX

WSCVX Risk / Return Rank: 88
WSCVX Sharpe Ratio Rank: 86
WSCVX Sortino Ratio Rank: 86
WSCVX Omega Ratio Rank: 80
WSCVX Calmar Ratio Rank: 95
WSCVX Martin Ratio Rank: 91

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. WSCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FMI Common Stock Fund Institutional Class (FMIUX) and North Star Small Cap Value Fund (WSCVX). 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	WSCVX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.13	-1.27
Sortino ratio: Return per unit of downside risk	1.41	3.14	-1.73
Omega ratio: Gain probability vs. loss probability	1.16	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	1.10	4.20	-3.10
Martin ratio: Return relative to average drawdown	2.73	13.05	-10.32

FMIUX vs. WSCVX - Sharpe Ratio Comparison

The current FMIUX Sharpe Ratio is 0.86, which is lower than the WSCVX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FMIUX and WSCVX, 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. WSCVX - Drawdown Comparison

The maximum FMIUX drawdown since its inception was -38.04%, which is greater than WSCVX's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for FMIUX and WSCVX.

Drawdown Indicators

	FMIUX	WSCVX	Difference
Max Drawdown Largest peak-to-trough decline	-38.04%	-22.34%	-15.70%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-8.96%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	-21.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.27%	—	—
Current Drawdown Current decline from peak	-0.78%	-4.33%	+3.55%
Average Drawdown Average peak-to-trough decline	-4.88%	-4.13%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	2.88%	+2.67%

Volatility

FMIUX vs. WSCVX - Volatility Comparison

FMI Common Stock Fund Institutional Class (FMIUX) has a higher volatility of 5.15% compared to North Star Small Cap Value Fund (WSCVX) at 3.79%. This indicates that FMIUX's price experiences larger fluctuations and is considered to be riskier than WSCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMIUX	WSCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	3.79%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	11.99%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	17.66%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.66%	21.78%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	21.78%	-2.28%

FMIUX vs. WSCVX - Expense Ratio Comparison

FMIUX has a 0.84% expense ratio, which is lower than WSCVX's 1.21% expense ratio.

Dividends

FMIUX vs. WSCVX - Dividend Comparison

FMIUX's dividend yield for the trailing twelve months is around 11.31%, more than WSCVX's 10.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
WSCVX North Star Small Cap Value Fund	10.71%	13.23%	28.71%	9.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMIUX and WSCVX in my portfolio?

FMIUX and WSCVX have a correlation of 0.73, 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 WSCVX?

FMIUX has higher volatility (5.15%) compared to WSCVX (3.79%). In terms of maximum drawdown, FMIUX dropped -38.04% vs WSCVX's -22.34%.

Which has better risk-adjusted returns?

WSCVX currently has the higher Sharpe Ratio (2.13 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.