FRMCX vs. USBNX
FRMCX (Franklin MicroCap Value Fund) and USBNX (Pear Tree Polaris Small Cap Fund) are both Small Cap Value Equities funds. Over the past 10 years, FRMCX returned 11.63%/yr vs 8.13%/yr for USBNX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FRMCX charges 1.23%/yr vs 1.50%/yr for USBNX.
Performance
FRMCX vs. USBNX - Performance Comparison
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Returns By Period
In the year-to-date period, FRMCX achieves a 16.24% return, which is significantly lower than USBNX's 20.42% return. Over the past 10 years, FRMCX has outperformed USBNX with an annualized return of 11.63%, while USBNX has yielded a comparatively lower 8.13% annualized return.
FRMCX
- 1D
- 1.34%
- 1M
- 2.05%
- 6M
- 7.80%
- YTD
- 16.24%
- 1Y
- 23.65%
- 3Y*
- 12.88%
- 5Y*
- 9.83%
- 10Y*
- 11.63%
- ALL TIME*
- 11.28%
USBNX
- 1D
- 0.88%
- 1M
- 2.89%
- 6M
- 12.01%
- YTD
- 20.42%
- 1Y
- 29.65%
- 3Y*
- 13.78%
- 5Y*
- 8.64%
- 10Y*
- 8.13%
- ALL TIME*
- 8.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FRMCX vs. USBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRMCX Franklin MicroCap Value Fund | 16.24% | 7.25% | 8.47% | 11.72% | 0.62% | 29.86% | 3.70% | 44.38% | -17.82% | 8.39% |
USBNX Pear Tree Polaris Small Cap Fund | 20.42% | 8.02% | 8.64% | 12.83% | -5.09% | 15.35% | -4.77% | 23.53% | -11.05% | 6.42% |
Correlation
The correlation between FRMCX and USBNX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 1995 | 0.77 |
The correlation between FRMCX and USBNX shifts across timeframes, from 0.77 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FRMCX vs. USBNX — Risk / Return Rank
FRMCX
USBNX
FRMCX vs. USBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin MicroCap Value Fund (FRMCX) and Pear Tree Polaris Small Cap Fund (USBNX). 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.
| FRMCX | USBNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.50 | -1.63 |
| Martin ratioReturn relative to average drawdown | 6.23 | 11.15 | -4.92 |
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Drawdowns
FRMCX vs. USBNX - Drawdown Comparison
The maximum FRMCX drawdown since its inception was -56.77%, smaller than the maximum USBNX drawdown of -64.40%. Use the drawdown chart below to compare losses from any high point for FRMCX and USBNX.
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Drawdown Indicators
| FRMCX | USBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.77% | -64.40% | +7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -9.19% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -32.84% | -21.56% | -11.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -26.01% | -6.83% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -46.96% | +3.46% |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -8.69% | -13.57% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.88% | +1.18% |
Volatility
FRMCX vs. USBNX - Volatility Comparison
Franklin MicroCap Value Fund (FRMCX) has a higher volatility of 3.85% compared to Pear Tree Polaris Small Cap Fund (USBNX) at 3.41%. This indicates that FRMCX's price experiences larger fluctuations and is considered to be riskier than USBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRMCX | USBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 3.41% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 8.91% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 14.22% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.07% | 18.60% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 21.59% | +3.39% |
FRMCX vs. USBNX - Expense Ratio Comparison
FRMCX has a 1.23% expense ratio, which is lower than USBNX's 1.50% expense ratio.
Dividends
FRMCX vs. USBNX - Dividend Comparison
FRMCX's dividend yield for the trailing twelve months is around 13.11%, more than USBNX's 11.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRMCX Franklin MicroCap Value Fund | 13.11% | 15.24% | 25.34% | 5.16% | 6.09% | 17.71% | 5.63% | 36.24% | 6.75% | 7.74% | 8.86% | 13.59% |
USBNX Pear Tree Polaris Small Cap Fund | 11.47% | 13.81% | 3.27% | 0.86% | 10.05% | 0.75% | 0.68% | 7.91% | 8.39% | 6.21% | 1.17% | 7.39% |
Frequently Asked Questions
FRMCX and USBNX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRMCX has higher volatility (3.85%) compared to USBNX (3.41%). In terms of maximum drawdown, FRMCX dropped -56.77% vs USBNX's -64.40%.
USBNX currently has the higher Sharpe Ratio (2.27 vs 1.39), 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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