FTXFX vs. EMCAX

Last updated Aug 4, 2026

FTXFX (FullerThaler Behavioral Small-Cap Growth Fund Class R6) and EMCAX (Empiric Fund) are both Small Cap Growth Equities funds. Over the past 5 years, FTXFX returned 13.34%/yr vs 4.44%/yr for EMCAX. Their correlation of 0.86 means they have usually moved in the same direction. FTXFX charges 0.93%/yr vs 1.96%/yr for EMCAX.

Performance

FTXFX vs. EMCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FullerThaler Behavioral Small-Cap Growth Fund Class R6 (FTXFX) and Empiric Fund (EMCAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXFX achieves a 23.90% return, which is significantly higher than EMCAX's 14.75% return.

FTXFX

• 1D: -0.49%
• 1M: -7.93%
• 6M: 17.15%
• YTD: 23.90%
• 1Y: 46.79%
• 3Y*: 23.39%
• 5Y*: 13.34%
• 10Y*: —
• ALL TIME*: 16.92%

EMCAX

• 1D: 0.64%
• 1M: -0.09%
• 6M: 11.61%
• YTD: 14.75%
• 1Y: 18.45%
• 3Y*: 11.84%
• 5Y*: 4.44%
• 10Y*: 10.93%
• ALL TIME*: 9.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMCAX Empiric Fund	$0.00	$0.00	$0.00
FTXFX FullerThaler Behavioral Small-Cap Growth Fund Class R6	$0.00	$0.00	$0.00

FTXFX vs. EMCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FTXFX FullerThaler Behavioral Small-Cap Growth Fund Class R6	23.90%	12.57%	28.99%	33.29%	-27.42%	25.60%	51.45%	19.27%	-3.62%
EMCAX Empiric Fund	14.75%	2.37%	13.89%	12.43%	-16.06%	16.07%	27.81%	19.10%	-7.63%

Correlation

The correlation between FTXFX and EMCAX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018	0.86

The correlation between FTXFX and EMCAX shifts across timeframes, from 0.72 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTXFX vs. EMCAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTXFX

FTXFX Risk / Return Rank: 59
FTXFX Sharpe Ratio Rank: 51
FTXFX Sortino Ratio Rank: 45
FTXFX Omega Ratio Rank: 42
FTXFX Calmar Ratio Rank: 75
FTXFX Martin Ratio Rank: 79

EMCAX

EMCAX Risk / Return Rank: 40
EMCAX Sharpe Ratio Rank: 35
EMCAX Sortino Ratio Rank: 36
EMCAX Omega Ratio Rank: 32
EMCAX Calmar Ratio Rank: 49
EMCAX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTXFX vs. EMCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FullerThaler Behavioral Small-Cap Growth Fund Class R6 (FTXFX) and Empiric Fund (EMCAX). 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.

	FTXFX	EMCAX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.18	+0.31
Sortino ratio: Return per unit of downside risk	2.03	1.80	+0.23
Omega ratio: Gain probability vs. loss probability	1.25	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	2.57	2.00	+0.57
Martin ratio: Return relative to average drawdown	10.19	7.29	+2.91

FTXFX vs. EMCAX - Sharpe Ratio Comparison

The current FTXFX Sharpe Ratio is 1.50, which is comparable to the EMCAX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of FTXFX and EMCAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTXFX vs. EMCAX - Drawdown Comparison

The maximum FTXFX drawdown since its inception was -44.96%, smaller than the maximum EMCAX drawdown of -51.81%. Use the drawdown chart below to compare losses from any high point for FTXFX and EMCAX.

Drawdown Indicators

	FTXFX	EMCAX	Difference
Max Drawdown Largest peak-to-trough decline	-44.96%	-51.81%	+6.85%
Max Drawdown (1Y) Largest decline over 1 year	-17.35%	-8.60%	-8.75%
Max Drawdown (3Y) Largest decline over 3 years	-32.36%	-19.19%	-13.17%
Max Drawdown (5Y) Largest decline over 5 years	-39.55%	-30.60%	-8.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.79%	—
Current Drawdown Current decline from peak	-13.60%	-1.45%	-12.15%
Average Drawdown Average peak-to-trough decline	-12.31%	-13.21%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	2.36%	+2.01%

Volatility

FTXFX vs. EMCAX - Volatility Comparison

FullerThaler Behavioral Small-Cap Growth Fund Class R6 (FTXFX) has a higher volatility of 10.42% compared to Empiric Fund (EMCAX) at 3.36%. This indicates that FTXFX's price experiences larger fluctuations and is considered to be riskier than EMCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXFX	EMCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.42%	3.36%	+7.06%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	11.49%	+13.01%
Volatility (1Y) Calculated over the trailing 1-year period	29.86%	14.57%	+15.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.40%	18.12%	+9.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.93%	20.17%	+7.76%

FTXFX vs. EMCAX - Expense Ratio Comparison

FTXFX has a 0.93% expense ratio, which is lower than EMCAX's 1.96% expense ratio.

Dividends

FTXFX vs. EMCAX - Dividend Comparison

FTXFX has not paid dividends to shareholders, while EMCAX's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024	2023	2022	2021	2020
EMCAX Empiric Fund	0.12%	0.13%	0.13%	0.00%	0.00%	0.51%	7.46%
FTXFX FullerThaler Behavioral Small-Cap Growth Fund Class R6	0.00%	0.00%	0.00%	0.00%	0.00%	16.94%	0.00%

Frequently Asked Questions

Can I hold both FTXFX and EMCAX in my portfolio?

FTXFX and EMCAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXFX or EMCAX?

FTXFX has higher volatility (10.42%) compared to EMCAX (3.36%). In terms of maximum drawdown, FTXFX dropped -44.96% vs EMCAX's -51.81%.

Which has better risk-adjusted returns?

FTXFX currently has the higher Sharpe Ratio (1.50 vs 1.18), 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.