FTMSX vs. IWC
FTMSX (Fuller & Thaler Behavioral Micro-Cap Equity Fund) and IWC (iShares Micro-Cap ETF) are both Small Cap Blend Equities funds. Over the past 5 years, FTMSX returned 0.29%/yr vs 6.01%/yr for IWC. Their correlation of 0.91 suggests significant overlap in exposure. FTMSX charges 2.30%/yr vs 0.60%/yr for IWC.
Performance
FTMSX vs. IWC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTMSX achieves a 25.17% return, which is significantly higher than IWC's 23.36% return.
FTMSX
- 1D
- 2.46%
- 1M
- 8.60%
- YTD
- 25.17%
- 6M
- 22.66%
- 1Y
- 40.56%
- 3Y*
- 11.91%
- 5Y*
- 0.29%
- 10Y*
- —
IWC
- 1D
- 0.82%
- 1M
- 4.00%
- YTD
- 23.36%
- 6M
- 19.51%
- 1Y
- 59.41%
- 3Y*
- 23.10%
- 5Y*
- 6.01%
- 10Y*
- 12.07%
FTMSX vs. IWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FTMSX Fuller & Thaler Behavioral Micro-Cap Equity Fund | 25.17% | 0.30% | 3.88% | 13.11% | -31.07% | 37.45% | 15.58% | 17.82% |
IWC iShares Micro-Cap ETF | 23.36% | 22.45% | 13.63% | 8.99% | -21.93% | 18.67% | 20.88% | 20.16% |
Correlation
The correlation between FTMSX and IWC is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019 | 0.91 |
The correlation between FTMSX and IWC has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTMSX vs. IWC — Risk / Return Rank
FTMSX
IWC
FTMSX vs. IWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fuller & Thaler Behavioral Micro-Cap Equity Fund (FTMSX) and iShares Micro-Cap ETF (IWC). 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.
| FTMSX | IWC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 4.80 | -2.51 |
| Martin ratioReturn relative to average drawdown | 8.44 | 15.64 | -7.19 |
Loading charts...
Drawdowns
FTMSX vs. IWC - Drawdown Comparison
The maximum FTMSX drawdown since its inception was -53.12%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for FTMSX and IWC.
Loading charts...
Drawdown Indicators
| FTMSX | IWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.12% | -64.61% | +11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -12.43% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -35.01% | -29.46% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -48.67% | -40.61% | -8.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.21% | — |
Current DrawdownCurrent decline from peak | -7.05% | 0.00% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -15.25% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 3.81% | +0.94% |
Volatility
FTMSX vs. IWC - Volatility Comparison
Fuller & Thaler Behavioral Micro-Cap Equity Fund (FTMSX) and iShares Micro-Cap ETF (IWC) have volatilities of 8.57% and 8.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTMSX | IWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 8.66% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 17.31% | 18.16% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.70% | 24.39% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.16% | 24.58% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.51% | 24.52% | +5.99% |
FTMSX vs. IWC - Expense Ratio Comparison
FTMSX has a 2.30% expense ratio, which is higher than IWC's 0.60% expense ratio.
Dividends
FTMSX vs. IWC - Dividend Comparison
FTMSX has not paid dividends to shareholders, while IWC's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTMSX Fuller & Thaler Behavioral Micro-Cap Equity Fund | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 8.27% | 0.37% | 4.90% | 0.00% | 0.00% | 0.00% | 0.00% |
IWC iShares Micro-Cap ETF | 0.98% | 1.10% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% |
Frequently Asked Questions
FTMSX and IWC have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWC has higher volatility (8.66%) compared to FTMSX (8.57%). In terms of maximum drawdown, FTMSX dropped -53.12% vs IWC's -64.61%.
IWC currently has the higher Sharpe Ratio (2.45 vs 1.56), 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.
Find the right allocation for FTMSX and IWC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer