FTXSX vs. NCLEX
FTXSX (FullerThaler Behavioral Small-Cap Growth Fund) and NCLEX (Nicholas Limited Edition Fund) are both Small Cap Growth Equities funds. Over the past 5 years, FTXSX returned 13.23%/yr vs -0.53%/yr for NCLEX. Their correlation of 0.82 means they have usually moved in the same direction. FTXSX charges 1.00%/yr vs 0.85%/yr for NCLEX.
Performance
FTXSX vs. NCLEX - Performance Comparison
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Returns By Period
In the year-to-date period, FTXSX achieves a 23.82% return, which is significantly higher than NCLEX's 0.43% return.
FTXSX
- 1D
- -0.49%
- 1M
- -7.94%
- 6M
- 17.09%
- YTD
- 23.82%
- 1Y
- 46.62%
- 3Y*
- 23.26%
- 5Y*
- 13.23%
- 10Y*
- —
- ALL TIME*
- 16.82%
NCLEX
- 1D
- 0.43%
- 1M
- 0.63%
- 6M
- 0.12%
- YTD
- 0.43%
- 1Y
- -1.86%
- 3Y*
- 0.61%
- 5Y*
- -0.53%
- 10Y*
- 7.68%
- ALL TIME*
- 9.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FTXSX vs. NCLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FTXSX FullerThaler Behavioral Small-Cap Growth Fund | 23.82% | 12.44% | 28.86% | 33.15% | -27.48% | 25.50% | 51.32% | 19.19% | -3.71% |
NCLEX Nicholas Limited Edition Fund | 0.43% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -3.76% |
Correlation
The correlation between FTXSX and NCLEX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.82 |
Over the past year, the correlation between FTXSX and NCLEX has dropped to 0.49 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
FTXSX vs. NCLEX — Risk / Return Rank
FTXSX
NCLEX
FTXSX vs. NCLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FullerThaler Behavioral Small-Cap Growth Fund (FTXSX) and Nicholas Limited Edition Fund (NCLEX). 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 | NCLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.98 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | -0.16 | +2.73 |
| Martin ratioReturn relative to average drawdown | 10.15 | -0.32 | +10.47 |
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Drawdowns
FTXSX vs. NCLEX - Drawdown Comparison
The maximum FTXSX drawdown since its inception was -45.03%, smaller than the maximum NCLEX drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for FTXSX and NCLEX.
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Drawdown Indicators
| FTXSX | NCLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.03% | -48.68% | +3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -17.36% | -20.88% | +3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -32.37% | -28.50% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -39.58% | -28.50% | -11.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.79% | — |
Current DrawdownCurrent decline from peak | -13.61% | -15.98% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -8.32% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 10.65% | -6.27% |
Volatility
FTXSX vs. NCLEX - Volatility Comparison
FullerThaler Behavioral Small-Cap Growth Fund (FTXSX) has a higher volatility of 10.41% compared to Nicholas Limited Edition Fund (NCLEX) at 4.95%. This indicates that FTXSX's price experiences larger fluctuations and is considered to be riskier than NCLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTXSX | NCLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 4.95% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 24.48% | 12.76% | +11.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.84% | 17.31% | +12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.38% | 19.62% | +7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.91% | 19.22% | +8.69% |
FTXSX vs. NCLEX - Expense Ratio Comparison
FTXSX has a 1.00% expense ratio, which is higher than NCLEX's 0.85% expense ratio.
Dividends
FTXSX vs. NCLEX - Dividend Comparison
FTXSX has not paid dividends to shareholders, while NCLEX's dividend yield for the trailing twelve months is around 7.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTXSX FullerThaler Behavioral Small-Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NCLEX Nicholas Limited Edition Fund | 7.50% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
Frequently Asked Questions
FTXSX and NCLEX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTXSX has higher volatility (10.41%) compared to NCLEX (4.95%). In terms of maximum drawdown, FTXSX dropped -45.03% vs NCLEX's -48.68%.
FTXSX currently has the higher Sharpe Ratio (1.49 vs -0.20), 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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