FTSIX vs. IWR
FTSIX (Fuller & Thaler Behavioral Small-Mid Core Equity Fund) and IWR (iShares Russell Midcap ETF) are both funds - FTSIX is a Mid Cap Blend Equities fund managed by Fuller & Thaler Asset Mgmt, while IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 5 years, FTSIX returned 7.49%/yr vs 8.30%/yr for IWR. Their correlation of 0.94 suggests significant overlap in exposure. FTSIX charges 2.69%/yr vs 0.19%/yr for IWR.
Performance
FTSIX vs. IWR - Performance Comparison
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Returns By Period
In the year-to-date period, FTSIX achieves a 16.62% return, which is significantly higher than IWR's 13.93% return.
FTSIX
- 1D
- 0.86%
- 1M
- 3.60%
- YTD
- 16.62%
- 6M
- 14.45%
- 1Y
- 31.05%
- 3Y*
- 14.86%
- 5Y*
- 7.49%
- 10Y*
- —
IWR
- 1D
- 0.52%
- 1M
- 3.28%
- YTD
- 13.93%
- 6M
- 12.06%
- 1Y
- 23.42%
- 3Y*
- 17.38%
- 5Y*
- 8.30%
- 10Y*
- 12.03%
FTSIX vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTSIX Fuller & Thaler Behavioral Small-Mid Core Equity Fund | 16.62% | 6.04% | 11.86% | 18.52% | -17.63% | 25.29% | 19.19% | 26.72% | 0.00% |
IWR iShares Russell Midcap ETF | 13.93% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | 0.93% |
Correlation
The correlation between FTSIX and IWR is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018 | 0.94 |
The correlation between FTSIX and IWR has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
FTSIX vs. IWR — Risk / Return Rank
FTSIX
IWR
FTSIX vs. IWR - 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 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.
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.
| FTSIX | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 2.88 | +1.73 |
| Martin ratioReturn relative to average drawdown | 13.41 | 11.02 | +2.39 |
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Drawdowns
FTSIX vs. IWR - Drawdown Comparison
The maximum FTSIX drawdown since its inception was -42.12%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for FTSIX and IWR.
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Drawdown Indicators
| FTSIX | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.12% | -58.78% | +16.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -8.17% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.30% | -21.09% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | -26.18% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.59% | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.30% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -7.79% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.13% | +0.20% |
Volatility
FTSIX vs. IWR - Volatility Comparison
Fuller & Thaler Behavioral Small-Mid Core Equity Fund (FTSIX) and iShares Russell Midcap ETF (IWR) have volatilities of 4.40% and 4.41%, 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.
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Volatility by Period
| FTSIX | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.41% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 10.38% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 13.80% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 18.28% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.30% | 19.40% | +3.90% |
FTSIX vs. IWR - Expense Ratio Comparison
FTSIX has a 2.69% expense ratio, which is higher than IWR's 0.19% expense ratio.
Dividends
FTSIX vs. IWR - Dividend Comparison
FTSIX's dividend yield for the trailing twelve months is around 0.55%, less than IWR's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSIX Fuller & Thaler Behavioral Small-Mid Core Equity Fund | 0.55% | 0.64% | 0.84% | 0.85% | 0.95% | 5.50% | 0.35% | 2.16% | 0.00% | 0.00% | 0.00% | 0.00% |
IWR iShares Russell Midcap ETF | 1.16% | 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
With a correlation of 0.91, FTSIX and IWR 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.
IWR has higher volatility (4.41%) compared to FTSIX (4.40%). In terms of maximum drawdown, FTSIX dropped -42.12% vs IWR's -58.78%.
FTSIX currently has the higher Sharpe Ratio (1.97 vs 1.71), 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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