FTHNX vs. FSTEX

Last updated Jun 24, 2026

FTHNX (Fuller & Thaler Behavioral Small-Cap Equity Fund) and FSTEX (Invesco Energy Fund) are both mutual funds - FTHNX is a Small Cap Blend Equities fund managed by Fuller & Thaler Asset Mgmt, while FSTEX is a Energy Equities fund managed by Invesco. Over the past 10 years, FTHNX returned 14.15%/yr vs 6.15%/yr for FSTEX. A 0.51 correlation means they provide meaningful diversification when combined. FTHNX charges 1.03%/yr vs 1.36%/yr for FSTEX.

Performance

FTHNX vs. FSTEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX) and Invesco Energy Fund (FSTEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTHNX achieves a 13.26% return, which is significantly lower than FSTEX's 21.46% return. Over the past 10 years, FTHNX has outperformed FSTEX with an annualized return of 14.15%, while FSTEX has yielded a comparatively lower 6.15% annualized return.

FTHNX

• 1D: 0.48%
• 1M: 3.72%
• YTD: 13.26%
• 6M: 11.29%
• 1Y: 29.13%
• 3Y*: 19.91%
• 5Y*: 12.21%
• 10Y*: 14.15%

FSTEX

• 1D: 1.26%
• 1M: -9.43%
• YTD: 21.46%
• 6M: 22.13%
• 1Y: 28.84%
• 3Y*: 16.93%
• 5Y*: 19.43%
• 10Y*: 6.15%

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

FTHNX vs. FSTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTHNX Fuller & Thaler Behavioral Small-Cap Equity Fund	13.26%	11.69%	15.81%	22.18%	-7.73%	30.44%	10.05%	27.74%	-13.45%	17.25%
FSTEX Invesco Energy Fund	21.46%	12.31%	6.00%	0.28%	52.85%	55.99%	-32.13%	4.78%	-26.82%	-8.26%

Correlation

The correlation between FTHNX and FSTEX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015	0.51

Over the past year, the correlation between FTHNX and FSTEX has dropped to 0.08 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

FTHNX vs. FSTEX — Risk / Return Rank

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

FTHNX

FTHNX Risk / Return Rank: 61
FTHNX Sharpe Ratio Rank: 56
FTHNX Sortino Ratio Rank: 60
FTHNX Omega Ratio Rank: 48
FTHNX Calmar Ratio Rank: 77
FTHNX Martin Ratio Rank: 64

FSTEX

FSTEX Risk / Return Rank: 26
FSTEX Sharpe Ratio Rank: 25
FSTEX Sortino Ratio Rank: 22
FSTEX Omega Ratio Rank: 22
FSTEX Calmar Ratio Rank: 28
FSTEX Martin Ratio Rank: 32

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.

FTHNX vs. FSTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX) and Invesco Energy Fund (FSTEX). 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.

	FTHNX	FSTEX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.33	+0.70
Sortino ratio: Return per unit of downside risk	2.96	1.80	+1.17
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	3.31	1.85	+1.45
Martin ratio: Return relative to average drawdown	11.79	6.90	+4.90

FTHNX vs. FSTEX - Sharpe Ratio Comparison

The current FTHNX Sharpe Ratio is 2.03, which is higher than the FSTEX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of FTHNX and FSTEX, 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

FTHNX vs. FSTEX - Drawdown Comparison

The maximum FTHNX drawdown since its inception was -37.78%, smaller than the maximum FSTEX drawdown of -83.31%. Use the drawdown chart below to compare losses from any high point for FTHNX and FSTEX.

Drawdown Indicators

	FTHNX	FSTEX	Difference
Max Drawdown Largest peak-to-trough decline	-37.78%	-83.31%	+45.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-14.09%	+4.65%
Max Drawdown (3Y) Largest decline over 3 years	-24.63%	-18.58%	-6.05%
Max Drawdown (5Y) Largest decline over 5 years	-24.63%	-26.88%	+2.25%
Max Drawdown (10Y) Largest decline over 10 years	-37.78%	-73.41%	+35.63%
Current Drawdown Current decline from peak	-0.27%	-13.01%	+12.74%
Average Drawdown Average peak-to-trough decline	-5.67%	-25.18%	+19.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	3.81%	-1.17%

Volatility

FTHNX vs. FSTEX - Volatility Comparison

The current volatility for Fuller & Thaler Behavioral Small-Cap Equity Fund (FTHNX) is 3.80%, while Invesco Energy Fund (FSTEX) has a volatility of 7.02%. This indicates that FTHNX experiences smaller price fluctuations and is considered to be less risky than FSTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHNX	FSTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	7.02%	-3.22%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	16.03%	-5.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	19.64%	-4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	25.14%	-6.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	29.71%	-9.58%

FTHNX vs. FSTEX - Expense Ratio Comparison

FTHNX has a 1.03% expense ratio, which is lower than FSTEX's 1.36% expense ratio.

Dividends

FTHNX vs. FSTEX - Dividend Comparison

FTHNX's dividend yield for the trailing twelve months is around 0.25%, less than FSTEX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTEX Invesco Energy Fund	1.83%	2.22%	4.03%	2.11%	0.89%	1.80%	2.21%	1.53%	3.05%	2.22%	1.10%	1.58%
FTHNX Fuller & Thaler Behavioral Small-Cap Equity Fund	0.25%	0.28%	7.84%	1.60%	0.95%	3.55%	0.11%	0.11%	0.21%	0.09%	0.00%	15.47%

Frequently Asked Questions

Can I hold both FTHNX and FSTEX in my portfolio?

FTHNX and FSTEX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHNX or FSTEX?

FSTEX has higher volatility (7.02%) compared to FTHNX (3.80%). In terms of maximum drawdown, FTHNX dropped -37.78% vs FSTEX's -83.31%.

Which has better risk-adjusted returns?

FTHNX currently has the higher Sharpe Ratio (2.03 vs 1.33), 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.