FTXSX vs. FTXNX

Last updated Jun 24, 2026

FTXSX (FullerThaler Behavioral Small-Cap Growth Fund) and FTXNX (Fuller & Thaler Behavioral Small-Cap Growth Fund) are both Small Cap Growth Equities funds from Fuller & Thaler Asset Mgmt. Over the past 5 years, FTXSX returned 15.85%/yr vs 14.32%/yr for FTXNX. With a 1.00 correlation, they move nearly in lockstep. FTXSX charges 1.00%/yr vs 1.44%/yr for FTXNX.

Performance

FTXSX vs. FTXNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FullerThaler Behavioral Small-Cap Growth Fund (FTXSX) and Fuller & Thaler Behavioral Small-Cap Growth Fund (FTXNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXSX achieves a 39.93% return, which is significantly higher than FTXNX's 34.63% return.

FTXSX

• 1D: 1.68%
• 1M: 7.19%
• YTD: 39.93%
• 6M: 36.92%
• 1Y: 72.37%
• 3Y*: 32.67%
• 5Y*: 15.85%
• 10Y*: —

FTXNX

• 1D: -3.66%
• 1M: 3.24%
• YTD: 34.63%
• 6M: 31.38%
• 1Y: 63.00%
• 3Y*: 30.66%
• 5Y*: 14.32%
• 10Y*: —

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

FTXSX vs. FTXNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FTXSX FullerThaler Behavioral Small-Cap Growth Fund	39.93%	12.44%	28.86%	33.15%	-27.48%	25.50%	51.32%	19.19%	-3.71%
FTXNX Fuller & Thaler Behavioral Small-Cap Growth Fund	34.63%	12.10%	28.50%	32.77%	-27.66%	25.16%	50.97%	18.83%	-3.91%

Correlation

The correlation between FTXSX and FTXNX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018	1.00

The correlation between FTXSX and FTXNX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FTXSX vs. FTXNX — Risk / Return Rank

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

FTXSX

FTXSX Risk / Return Rank: 84
FTXSX Sharpe Ratio Rank: 88
FTXSX Sortino Ratio Rank: 71
FTXSX Omega Ratio Rank: 69
FTXSX Calmar Ratio Rank: 96
FTXSX Martin Ratio Rank: 97

FTXNX

FTXNX Risk / Return Rank: 78
FTXNX Sharpe Ratio Rank: 79
FTXNX Sortino Ratio Rank: 60
FTXNX Omega Ratio Rank: 59
FTXNX Calmar Ratio Rank: 95
FTXNX Martin Ratio Rank: 96

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.

FTXSX vs. FTXNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FullerThaler Behavioral Small-Cap Growth Fund (FTXSX) and Fuller & Thaler Behavioral Small-Cap Growth Fund (FTXNX). 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.

	FTXSX	FTXNX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.38	+0.29
Sortino ratio: Return per unit of downside risk	3.20	2.91	+0.29
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	5.92	5.31	+0.61
Martin ratio: Return relative to average drawdown	23.33	20.88	+2.45

FTXSX vs. FTXNX - Sharpe Ratio Comparison

The current FTXSX Sharpe Ratio is 2.68, which is comparable to the FTXNX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of FTXSX and FTXNX, 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

FTXSX vs. FTXNX - Drawdown Comparison

The maximum FTXSX drawdown since its inception was -45.03%, roughly equal to the maximum FTXNX drawdown of -45.22%. Use the drawdown chart below to compare losses from any high point for FTXSX and FTXNX.

Drawdown Indicators

	FTXSX	FTXNX	Difference
Max Drawdown Largest peak-to-trough decline	-45.03%	-45.22%	+0.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.37%	-12.41%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-32.37%	-32.39%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-39.58%	-39.68%	+0.10%
Current Drawdown Current decline from peak	0.00%	-3.66%	+3.66%
Average Drawdown Average peak-to-trough decline	-12.41%	-12.52%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.15%	-0.02%

Volatility

FTXSX vs. FTXNX - Volatility Comparison

The current volatility for FullerThaler Behavioral Small-Cap Growth Fund (FTXSX) is 9.73%, while Fuller & Thaler Behavioral Small-Cap Growth Fund (FTXNX) has a volatility of 10.54%. This indicates that FTXSX experiences smaller price fluctuations and is considered to be less risky than FTXNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXSX	FTXNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.73%	10.54%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	21.68%	22.03%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	27.41%	27.64%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.98%	27.04%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.75%	27.80%	-0.05%

FTXSX vs. FTXNX - Expense Ratio Comparison

FTXSX has a 1.00% expense ratio, which is lower than FTXNX's 1.44% expense ratio.

Dividends

FTXSX vs. FTXNX - Dividend Comparison

Neither FTXSX nor FTXNX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FTXNX Fuller & Thaler Behavioral Small-Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	17.21%
FTXSX FullerThaler Behavioral Small-Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	17.00%

Frequently Asked Questions

Can I hold both FTXSX and FTXNX in my portfolio?

With a correlation of 1.00, FTXSX and FTXNX 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, FTXSX or FTXNX?

FTXNX has higher volatility (10.54%) compared to FTXSX (9.73%). In terms of maximum drawdown, FTXSX dropped -45.03% vs FTXNX's -45.22%.

Which has better risk-adjusted returns?

FTXSX currently has the higher Sharpe Ratio (2.68 vs 2.38), 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.