FMTM vs. AVALX
FMTM (MarketDesk Focused U.S. Momentum ETF) and AVALX (Aegis Value Fund) are both funds - FMTM is a Momentum fund, while AVALX is a Small Cap Value Equities fund managed by Aegis. Over the past year, FMTM returned 60.04% vs 50.49% for AVALX. At a 0.46 correlation, their price movements are largely independent. FMTM charges 0.45%/yr vs 1.50%/yr for AVALX.
Performance
FMTM vs. AVALX - Performance Comparison
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Returns By Period
In the year-to-date period, FMTM achieves a 28.93% return, which is significantly higher than AVALX's 17.29% return.
FMTM
- 1D
- 0.84%
- 1M
- -0.20%
- YTD
- 28.93%
- 6M
- 30.60%
- 1Y
- 60.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVALX
- 1D
- 1.78%
- 1M
- -4.39%
- YTD
- 17.29%
- 6M
- 17.59%
- 1Y
- 50.49%
- 3Y*
- 32.38%
- 5Y*
- 20.79%
- 10Y*
- 20.09%
FMTM vs. AVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMTM MarketDesk Focused U.S. Momentum ETF | 28.93% | 28.21% |
AVALX Aegis Value Fund | 17.29% | 48.43% |
Correlation
The correlation between FMTM and AVALX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025 | 0.46 |
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Return for Risk
FMTM vs. AVALX — Risk / Return Rank
FMTM
AVALX
FMTM vs. AVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Momentum ETF (FMTM) and Aegis Value Fund (AVALX). 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.
| FMTM | AVALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.51 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 6.25 | -1.27 |
| Martin ratioReturn relative to average drawdown | 19.05 | 21.12 | -2.07 |
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Drawdowns
FMTM vs. AVALX - Drawdown Comparison
The maximum FMTM drawdown since its inception was -12.12%, smaller than the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for FMTM and AVALX.
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Drawdown Indicators
| FMTM | AVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -73.72% | +61.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -8.32% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.34% | — |
Current DrawdownCurrent decline from peak | -2.13% | -4.41% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -10.94% | +9.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.46% | +0.70% |
Volatility
FMTM vs. AVALX - Volatility Comparison
MarketDesk Focused U.S. Momentum ETF (FMTM) has a higher volatility of 8.43% compared to Aegis Value Fund (AVALX) at 5.33%. This indicates that FMTM's price experiences larger fluctuations and is considered to be riskier than AVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMTM | AVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 5.33% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.85% | 13.33% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.67% | 17.35% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 22.31% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.40% | 22.18% | +1.22% |
FMTM vs. AVALX - Expense Ratio Comparison
FMTM has a 0.45% expense ratio, which is lower than AVALX's 1.50% expense ratio.
Dividends
FMTM vs. AVALX - Dividend Comparison
FMTM's dividend yield for the trailing twelve months is around 0.23%, less than AVALX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVALX Aegis Value Fund | 1.99% | 2.34% | 7.07% | 2.23% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% |
FMTM MarketDesk Focused U.S. Momentum ETF | 0.23% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMTM and AVALX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMTM has higher volatility (8.43%) compared to AVALX (5.33%). In terms of maximum drawdown, FMTM dropped -12.12% vs AVALX's -73.72%.
AVALX currently has the higher Sharpe Ratio (3.00 vs 2.55), 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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