FMUEX vs. VOE
Compare and contrast key facts about RBB Free Market U.S. Equity Fund (FMUEX) and Vanguard Mid-Cap Value ETF (VOE).
FMUEX is managed by RBB Funds. It was launched on Dec 31, 2007. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006.
Performance
FMUEX vs. VOE - Performance Comparison
Loading graphics...
FMUEX vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMUEX RBB Free Market U.S. Equity Fund | 3.25% | 12.79% | 8.09% | 17.10% | -10.47% | 31.75% | 5.65% | 22.44% | -11.62% | 13.44% |
VOE Vanguard Mid-Cap Value ETF | 4.67% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Returns By Period
In the year-to-date period, FMUEX achieves a 3.25% return, which is significantly lower than VOE's 4.67% return. Both investments have delivered pretty close results over the past 10 years, with FMUEX having a 10.44% annualized return and VOE not far behind at 10.23%.
FMUEX
- 1D
- 2.36%
- 1M
- -4.34%
- YTD
- 3.25%
- 6M
- 6.48%
- 1Y
- 22.06%
- 3Y*
- 12.98%
- 5Y*
- 7.81%
- 10Y*
- 10.44%
VOE
- 1D
- 0.20%
- 1M
- -4.46%
- YTD
- 4.67%
- 6M
- 7.17%
- 1Y
- 17.39%
- 3Y*
- 13.81%
- 5Y*
- 8.66%
- 10Y*
- 10.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMUEX vs. VOE - Expense Ratio Comparison
FMUEX has a 0.78% expense ratio, which is higher than VOE's 0.07% expense ratio.
Return for Risk
FMUEX vs. VOE — Risk / Return Rank
FMUEX
VOE
FMUEX vs. VOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBB Free Market U.S. Equity Fund (FMUEX) and Vanguard Mid-Cap Value ETF (VOE). 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.
| FMUEX | VOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.06 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.55 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.41 | +0.29 |
Martin ratioReturn relative to average drawdown | 7.30 | 6.51 | +0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMUEX | VOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.06 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.54 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.54 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.43 | -0.02 |
Correlation
The correlation between FMUEX and VOE is 0.94, 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.
Dividends
FMUEX vs. VOE - Dividend Comparison
FMUEX's dividend yield for the trailing twelve months is around 1.81%, less than VOE's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMUEX RBB Free Market U.S. Equity Fund | 1.81% | 1.87% | 0.00% | 4.12% | 8.26% | 4.38% | 1.61% | 5.57% | 5.88% | 3.80% | 4.80% | 8.51% |
VOE Vanguard Mid-Cap Value ETF | 1.99% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Drawdowns
FMUEX vs. VOE - Drawdown Comparison
The maximum FMUEX drawdown since its inception was -58.03%, smaller than the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for FMUEX and VOE.
Loading graphics...
Drawdown Indicators
| FMUEX | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -61.50% | +3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.44% | -12.42% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.49% | -19.70% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | -43.18% | +0.87% |
Current DrawdownCurrent decline from peak | -5.43% | -4.54% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -8.41% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.68% | +0.44% |
Volatility
FMUEX vs. VOE - Volatility Comparison
RBB Free Market U.S. Equity Fund (FMUEX) has a higher volatility of 5.21% compared to Vanguard Mid-Cap Value ETF (VOE) at 4.01%. This indicates that FMUEX's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMUEX | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 4.01% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 8.77% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 16.46% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 16.11% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 18.84% | +0.91% |