FTHSX vs. AUERX

Last updated Jun 5, 2026

FTHSX (FullerThaler Behavioral Small-Cap Equity Fund Class I) and AUERX (Auer Growth Fund) are both Small Cap Blend Equities funds. Over the past 10 years, FTHSX returned 14.19%/yr vs 16.08%/yr for AUERX. Their correlation of 0.82 suggests significant overlap in exposure. FTHSX charges 0.76%/yr vs 2.37%/yr for AUERX.

Performance

FTHSX vs. AUERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FullerThaler Behavioral Small-Cap Equity Fund Class I (FTHSX) and Auer Growth Fund (AUERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTHSX achieves a 11.25% return, which is significantly lower than AUERX's 16.34% return. Over the past 10 years, FTHSX has underperformed AUERX with an annualized return of 14.19%, while AUERX has yielded a comparatively higher 16.08% annualized return.

FTHSX

• 1D: 0.56%
• 1M: 0.07%
• YTD: 11.25%
• 6M: 11.33%
• 1Y: 28.36%
• 3Y*: 19.93%
• 5Y*: 11.55%
• 10Y*: 14.19%

AUERX

• 1D: -0.93%
• 1M: 3.65%
• YTD: 16.34%
• 6M: 15.84%
• 1Y: 48.90%
• 3Y*: 27.71%
• 5Y*: 19.52%
• 10Y*: 16.08%

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

FTHSX vs. AUERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTHSX FullerThaler Behavioral Small-Cap Equity Fund Class I	11.25%	12.02%	16.17%	22.55%	-7.49%	30.83%	10.38%	28.06%	-13.18%	17.35%
AUERX Auer Growth Fund	16.34%	30.10%	11.12%	21.42%	9.95%	45.11%	-1.85%	27.96%	-25.63%	28.75%

Correlation

The correlation between FTHSX and AUERX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 29, 2015	0.82

The correlation between FTHSX and AUERX shifts across timeframes, from 0.68 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTHSX vs. AUERX — Risk / Return Rank

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

FTHSX

FTHSX Risk / Return Rank: 47
FTHSX Sharpe Ratio Rank: 41
FTHSX Sortino Ratio Rank: 43
FTHSX Omega Ratio Rank: 37
FTHSX Calmar Ratio Rank: 61
FTHSX Martin Ratio Rank: 52

AUERX

AUERX Risk / Return Rank: 87
AUERX Sharpe Ratio Rank: 91
AUERX Sortino Ratio Rank: 82
AUERX Omega Ratio Rank: 79
AUERX Calmar Ratio Rank: 91
AUERX Martin Ratio Rank: 94

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.

FTHSX vs. AUERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FullerThaler Behavioral Small-Cap Equity Fund Class I (FTHSX) and Auer Growth Fund (AUERX). 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.

	FTHSX	AUERX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	3.03	-1.20
Sortino ratio: Return per unit of downside risk	2.72	3.93	-1.21
Omega ratio: Gain probability vs. loss probability	1.32	1.52	-0.20
Calmar ratio: Return relative to maximum drawdown	2.96	4.82	-1.86
Martin ratio: Return relative to average drawdown	10.54	20.72	-10.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTHSX vs. AUERX - Sharpe Ratio Comparison

The current FTHSX Sharpe Ratio is 1.83, which is lower than the AUERX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of FTHSX and AUERX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTHSX	AUERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	3.03	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.79	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.66	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.21	+0.46

Drawdowns

FTHSX vs. AUERX - Drawdown Comparison

The maximum FTHSX drawdown since its inception was -37.74%, smaller than the maximum AUERX drawdown of -67.23%. Use the drawdown chart below to compare losses from any high point for FTHSX and AUERX.

Drawdown Indicators

	FTHSX	AUERX	Difference
Max Drawdown Largest peak-to-trough decline	-37.74%	-67.23%	+29.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-10.06%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-24.58%	-34.80%	+10.22%
Max Drawdown (5Y) Largest decline over 5 years	-24.58%	-34.80%	+10.22%
Max Drawdown (10Y) Largest decline over 10 years	-37.74%	-51.89%	+14.15%
Current Drawdown Current decline from peak	0.00%	-0.93%	+0.93%
Average Drawdown Average peak-to-trough decline	-5.64%	-24.88%	+19.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.33%	+0.31%

Volatility

FTHSX vs. AUERX - Volatility Comparison

The current volatility for FullerThaler Behavioral Small-Cap Equity Fund Class I (FTHSX) is 4.18%, while Auer Growth Fund (AUERX) has a volatility of 5.25%. This indicates that FTHSX experiences smaller price fluctuations and is considered to be less risky than AUERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHSX	AUERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	5.25%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	11.72%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	16.01%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.92%	24.84%	-5.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.12%	24.38%	-4.26%

FTHSX vs. AUERX - Expense Ratio Comparison

FTHSX has a 0.76% expense ratio, which is lower than AUERX's 2.37% expense ratio.

Dividends

FTHSX vs. AUERX - Dividend Comparison

FTHSX's dividend yield for the trailing twelve months is around 0.49%, less than AUERX's 9.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUERX Auer Growth Fund	9.79%	11.39%	24.55%	4.54%	5.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTHSX FullerThaler Behavioral Small-Cap Equity Fund Class I	0.49%	0.54%	8.05%	1.81%	1.23%	3.77%	0.35%	0.39%	0.55%	0.26%	0.00%	15.40%

Frequently Asked Questions

Can I hold both FTHSX and AUERX in my portfolio?

FTHSX and AUERX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHSX or AUERX?

AUERX has higher volatility (5.25%) compared to FTHSX (4.18%). In terms of maximum drawdown, FTHSX dropped -37.74% vs AUERX's -67.23%.

Which has better risk-adjusted returns?

AUERX currently has the higher Sharpe Ratio (3.03 vs 1.83), 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.