FTHSX vs. IWM
FTHSX (FullerThaler Behavioral Small-Cap Equity Fund Class I) and IWM (iShares Russell 2000 ETF) are both Small Cap Blend Equities funds. FTHSX is actively managed, while IWM is passively managed. Over the past 10 years, FTHSX returned 14.18%/yr vs 11.68%/yr for IWM. Their correlation of 0.93 suggests significant overlap in exposure. FTHSX charges 0.76%/yr vs 0.19%/yr for IWM.
Performance
FTHSX vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, FTHSX achieves a 12.85% return, which is significantly lower than IWM's 21.64% return. Over the past 10 years, FTHSX has outperformed IWM with an annualized return of 14.18%, while IWM has yielded a comparatively lower 11.68% annualized return.
FTHSX
- 1D
- 0.46%
- 1M
- 3.25%
- YTD
- 12.85%
- 6M
- 10.78%
- 1Y
- 30.81%
- 3Y*
- 19.18%
- 5Y*
- 12.86%
- 10Y*
- 14.18%
IWM
- 1D
- 0.88%
- 1M
- 4.83%
- YTD
- 21.64%
- 6M
- 18.08%
- 1Y
- 44.01%
- 3Y*
- 19.60%
- 5Y*
- 6.77%
- 10Y*
- 11.68%
FTHSX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTHSX FullerThaler Behavioral Small-Cap Equity Fund Class I | 12.85% | 12.02% | 16.17% | 22.55% | -7.49% | 30.83% | 10.38% | 28.06% | -13.18% | 17.35% |
IWM iShares Russell 2000 ETF | 21.64% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between FTHSX and IWM is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.93 |
The correlation between FTHSX and IWM has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
FTHSX vs. IWM — Risk / Return Rank
FTHSX
IWM
FTHSX vs. IWM - 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 iShares Russell 2000 ETF (IWM). 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.
| FTHSX | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 4.01 | -0.75 |
| Martin ratioReturn relative to average drawdown | 11.63 | 14.19 | -2.55 |
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Drawdowns
FTHSX vs. IWM - Drawdown Comparison
The maximum FTHSX drawdown since its inception was -37.74%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FTHSX and IWM.
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Drawdown Indicators
| FTHSX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.74% | -59.05% | +21.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -11.03% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -24.58% | -27.50% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.58% | -31.91% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -37.74% | -41.13% | +3.39% |
Current DrawdownCurrent decline from peak | -0.74% | 0.00% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -10.75% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.11% | -0.48% |
Volatility
FTHSX vs. IWM - Volatility Comparison
The current volatility for FullerThaler Behavioral Small-Cap Equity Fund Class I (FTHSX) is 4.04%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.47%. This indicates that FTHSX experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTHSX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 6.47% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 14.28% | -3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 19.75% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 22.60% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 23.09% | -2.96% |
FTHSX vs. IWM - Expense Ratio Comparison
FTHSX has a 0.76% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
FTHSX vs. IWM - Dividend Comparison
FTHSX's dividend yield for the trailing twelve months is around 0.48%, less than IWM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHSX FullerThaler Behavioral Small-Cap Equity Fund Class I | 0.48% | 0.54% | 8.05% | 1.81% | 1.23% | 3.77% | 0.35% | 0.39% | 0.55% | 0.26% | 0.00% | 15.40% |
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
FTHSX and IWM 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.
IWM has higher volatility (6.47%) compared to FTHSX (4.04%). In terms of maximum drawdown, FTHSX dropped -37.74% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (2.24 vs 2.00), 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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