FTHSX vs. IWR
FTHSX (FullerThaler Behavioral Small-Cap Equity Fund Class I) and IWR (iShares Russell Midcap ETF) are both funds - FTHSX is a Small Cap Blend Equities fund actively managed by Fuller & Thaler Asset Mgmt, while IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index. FTHSX is actively managed, while IWR is passively managed. Over the past 10 years, FTHSX returned 14.13%/yr vs 11.55%/yr for IWR. Their correlation of 0.91 suggests significant overlap in exposure. FTHSX charges 0.76%/yr vs 0.19%/yr for IWR.
Performance
FTHSX vs. IWR - Performance Comparison
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Returns By Period
In the year-to-date period, FTHSX achieves a 10.63% return, which is significantly lower than IWR's 12.43% return. Over the past 10 years, FTHSX has outperformed IWR with an annualized return of 14.13%, while IWR has yielded a comparatively lower 11.55% annualized return.
FTHSX
- 1D
- 0.47%
- 1M
- 1.61%
- YTD
- 10.63%
- 6M
- 11.14%
- 1Y
- 27.04%
- 3Y*
- 19.70%
- 5Y*
- 11.55%
- 10Y*
- 14.13%
IWR
- 1D
- -0.26%
- 1M
- 3.79%
- YTD
- 12.43%
- 6M
- 12.21%
- 1Y
- 21.66%
- 3Y*
- 17.25%
- 5Y*
- 8.00%
- 10Y*
- 11.55%
FTHSX vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTHSX FullerThaler Behavioral Small-Cap Equity Fund Class I | 10.63% | 12.02% | 16.17% | 22.55% | -7.49% | 30.83% | 10.38% | 28.06% | -13.18% | 17.35% |
IWR iShares Russell Midcap ETF | 12.43% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
Correlation
The correlation between FTHSX and IWR is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2015 | 0.91 |
The correlation between FTHSX and IWR has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
FTHSX vs. IWR — Risk / Return Rank
FTHSX
IWR
FTHSX vs. IWR - 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 Midcap ETF (IWR). 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 | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.66 | +0.39 |
| Martin ratioReturn relative to average drawdown | 10.87 | 10.28 | +0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTHSX | IWR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.63 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.44 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.60 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.49 | +0.18 |
Drawdowns
FTHSX vs. IWR - Drawdown Comparison
The maximum FTHSX drawdown since its inception was -37.74%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for FTHSX and IWR.
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Drawdown Indicators
| FTHSX | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.74% | -58.78% | +21.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -8.17% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.58% | -21.09% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.58% | -26.18% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -37.74% | -40.59% | +2.85% |
Current DrawdownCurrent decline from peak | -0.48% | -0.26% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -7.80% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.11% | +0.53% |
Volatility
FTHSX vs. IWR - Volatility Comparison
FullerThaler Behavioral Small-Cap Equity Fund Class I (FTHSX) has a higher volatility of 4.22% compared to iShares Russell Midcap ETF (IWR) at 3.26%. This indicates that FTHSX's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTHSX | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 3.26% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 9.84% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 13.39% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 18.23% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 19.36% | +0.77% |
FTHSX vs. IWR - Expense Ratio Comparison
FTHSX has a 0.76% expense ratio, which is higher than IWR's 0.19% expense ratio.
Dividends
FTHSX vs. IWR - Dividend Comparison
FTHSX's dividend yield for the trailing twelve months is around 0.49%, less than IWR's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IWR iShares Russell Midcap ETF | 1.15% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
Frequently Asked Questions
FTHSX and IWR have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTHSX has higher volatility (4.22%) compared to IWR (3.26%). In terms of maximum drawdown, FTHSX dropped -37.74% vs IWR's -58.78%.
FTHSX currently has the higher Sharpe Ratio (1.89 vs 1.63), 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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