FTSIX vs. FTZIX

Last updated Jun 4, 2026

FTSIX (Fuller & Thaler Behavioral Small-Mid Core Equity Fund) and FTZIX (Fuller & Thaler Behavioral Unconstrained Equity Fund) are both mutual funds - FTSIX is a Mid Cap Blend Equities fund managed by Fuller & Thaler Asset Mgmt, while FTZIX is a Large Cap Blend Equities fund managed by Fuller & Thaler Asset Mgmt. Over the past 5 years, FTSIX returned 6.57%/yr vs 13.76%/yr for FTZIX. Their correlation of 0.91 suggests significant overlap in exposure. FTSIX charges 2.69%/yr vs 1.12%/yr for FTZIX.

Performance

FTSIX vs. FTZIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fuller & Thaler Behavioral Small-Mid Core Equity Fund (FTSIX) and Fuller & Thaler Behavioral Unconstrained Equity Fund (FTZIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FTSIX having a 14.68% return and FTZIX slightly lower at 14.34%.

FTSIX

• 1D: 0.81%
• 1M: 2.54%
• YTD: 14.68%
• 6M: 14.78%
• 1Y: 27.56%
• 3Y*: 15.31%
• 5Y*: 6.57%
• 10Y*: —

FTZIX

• 1D: 1.00%
• 1M: 3.08%
• YTD: 14.34%
• 6M: 16.39%
• 1Y: 37.58%
• 3Y*: 26.30%
• 5Y*: 13.76%
• 10Y*: —

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

FTSIX vs. FTZIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FTSIX Fuller & Thaler Behavioral Small-Mid Core Equity Fund	14.68%	6.04%	11.86%	18.52%	-17.63%	25.29%	19.19%	26.72%
FTZIX Fuller & Thaler Behavioral Unconstrained Equity Fund	14.34%	22.63%	25.31%	27.18%	-21.31%	25.25%	19.60%	33.70%

Correlation

The correlation between FTSIX and FTZIX 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	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2019	0.91

The correlation between FTSIX and FTZIX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

FTSIX vs. FTZIX — Risk / Return Rank

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

FTSIX

FTSIX Risk / Return Rank: 55
FTSIX Sharpe Ratio Rank: 41
FTSIX Sortino Ratio Rank: 43
FTSIX Omega Ratio Rank: 38
FTSIX Calmar Ratio Rank: 88
FTSIX Martin Ratio Rank: 64

FTZIX

FTZIX Risk / Return Rank: 74
FTZIX Sharpe Ratio Rank: 71
FTZIX Sortino Ratio Rank: 68
FTZIX Omega Ratio Rank: 55
FTZIX Calmar Ratio Rank: 89
FTZIX Martin Ratio Rank: 88

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.

FTSIX vs. FTZIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fuller & Thaler Behavioral Small-Mid Core Equity Fund (FTSIX) and Fuller & Thaler Behavioral Unconstrained Equity Fund (FTZIX). 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.

	FTSIX	FTZIX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.45	-0.58
Sortino ratio: Return per unit of downside risk	2.75	3.45	-0.70
Omega ratio: Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	4.34	4.46	-0.12
Martin ratio: Return relative to average drawdown	12.51	17.09	-4.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTSIX vs. FTZIX - Sharpe Ratio Comparison

The current FTSIX Sharpe Ratio is 1.88, which is comparable to the FTZIX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of FTSIX and FTZIX, 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

	FTSIX	FTZIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.45	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.71	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.83	-0.26

Drawdowns

FTSIX vs. FTZIX - Drawdown Comparison

The maximum FTSIX drawdown since its inception was -42.12%, which is greater than FTZIX's maximum drawdown of -37.22%. Use the drawdown chart below to compare losses from any high point for FTSIX and FTZIX.

Drawdown Indicators

	FTSIX	FTZIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.12%	-37.22%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-9.03%	+2.23%
Max Drawdown (3Y) Largest decline over 3 years	-23.30%	-18.65%	-4.65%
Max Drawdown (5Y) Largest decline over 5 years	-27.57%	-29.53%	+1.96%
Current Drawdown Current decline from peak	0.00%	-1.13%	+1.13%
Average Drawdown Average peak-to-trough decline	-7.65%	-6.51%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	2.35%	0.00%

Volatility

FTSIX vs. FTZIX - Volatility Comparison

The current volatility for Fuller & Thaler Behavioral Small-Mid Core Equity Fund (FTSIX) is 4.28%, while Fuller & Thaler Behavioral Unconstrained Equity Fund (FTZIX) has a volatility of 5.59%. This indicates that FTSIX experiences smaller price fluctuations and is considered to be less risky than FTZIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTSIX	FTZIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	5.59%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	12.79%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.75%	16.42%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	19.43%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.34%	22.34%	+1.00%

FTSIX vs. FTZIX - Expense Ratio Comparison

FTSIX has a 2.69% expense ratio, which is higher than FTZIX's 1.12% expense ratio.

Dividends

FTSIX vs. FTZIX - Dividend Comparison

FTSIX's dividend yield for the trailing twelve months is around 0.56%, more than FTZIX's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FTSIX Fuller & Thaler Behavioral Small-Mid Core Equity Fund	0.56%	0.64%	0.84%	0.85%	0.95%	5.50%	0.35%	2.16%
FTZIX Fuller & Thaler Behavioral Unconstrained Equity Fund	0.04%	0.05%	0.11%	0.19%	0.00%	0.00%	0.26%	0.76%

Frequently Asked Questions

Can I hold both FTSIX and FTZIX in my portfolio?

With a correlation of 0.90, FTSIX and FTZIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTSIX or FTZIX?

FTZIX has higher volatility (5.59%) compared to FTSIX (4.28%). In terms of maximum drawdown, FTSIX dropped -42.12% vs FTZIX's -37.22%.

Which has better risk-adjusted returns?

FTZIX currently has the higher Sharpe Ratio (2.45 vs 1.88), 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.