FMIYX vs. ANDIX

Last updated Jun 4, 2026

FMIYX (FMI International Fund Class I) and ANDIX (AQR International Defensive Style Fund) are both Foreign Large Cap Equities funds. A 0.76 correlation means they provide meaningful diversification when combined. FMIYX charges 0.80%/yr vs 0.55%/yr for ANDIX.

Performance

FMIYX vs. ANDIX - Performance Comparison

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

Returns By Period

FMIYX

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

ANDIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMIYX vs. ANDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
ANDIX AQR International Defensive Style Fund	5.63%	21.41%	2.83%	12.06%	-14.26%	7.59%	8.43%	18.39%	-10.35%	22.86%

Correlation

The correlation between FMIYX and ANDIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Nov 4, 2016	0.76

The correlation between FMIYX and ANDIX shifts across timeframes, from 0.63 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FMIYX vs. ANDIX — Risk / Return Rank

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

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.

FMIYX vs. ANDIX - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	FMIYX	ANDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	—	—

Drawdowns

Drawdown Indicators

	FMIYX	ANDIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.43%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.69%	—	—
Current Drawdown Current decline from peak	-5.97%	—	—
Average Drawdown Average peak-to-trough decline	-4.74%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	—	—

Volatility

Volatility by Period

	FMIYX	ANDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	—	—

FMIYX vs. ANDIX - Expense Ratio Comparison

FMIYX has a 0.80% expense ratio, which is higher than ANDIX's 0.55% expense ratio.

Dividends

FMIYX vs. ANDIX - Dividend Comparison

FMIYX's dividend yield for the trailing twelve months is around 13.15%, less than ANDIX's 70.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANDIX AQR International Defensive Style Fund	70.16%	4.74%	2.29%	3.02%	2.00%	2.53%	1.73%	2.51%	2.40%	3.30%	1.47%	2.09%
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 FMIYX and ANDIX in my portfolio?

FMIYX and ANDIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.