HAMVX vs. FMUEX
HAMVX (Harbor Mid Cap Value Fund) and FMUEX (RBB Free Market U.S. Equity Fund) are both Mid Cap Value Equities funds. Over the past 10 years, HAMVX returned 11.08%/yr vs 11.98%/yr for FMUEX. Their correlation of 0.95 suggests significant overlap in exposure. HAMVX charges 0.85%/yr vs 0.78%/yr for FMUEX.
Performance
HAMVX vs. FMUEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HAMVX having a 18.22% return and FMUEX slightly lower at 17.97%. Over the past 10 years, HAMVX has underperformed FMUEX with an annualized return of 11.08%, while FMUEX has yielded a comparatively higher 11.98% annualized return.
HAMVX
- 1D
- 0.62%
- 1M
- 1.66%
- YTD
- 18.22%
- 6M
- 16.27%
- 1Y
- 36.08%
- 3Y*
- 20.61%
- 5Y*
- 11.72%
- 10Y*
- 11.08%
FMUEX
- 1D
- 0.42%
- 1M
- 1.56%
- YTD
- 17.97%
- 6M
- 16.07%
- 1Y
- 34.12%
- 3Y*
- 17.73%
- 5Y*
- 9.80%
- 10Y*
- 11.98%
HAMVX vs. FMUEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAMVX Harbor Mid Cap Value Fund | 18.22% | 16.00% | 12.10% | 16.42% | -5.63% | 29.93% | -3.77% | 22.93% | -17.82% | 12.01% |
FMUEX RBB Free Market U.S. Equity Fund | 17.97% | 12.79% | 8.09% | 17.10% | -10.47% | 31.75% | 5.65% | 22.44% | -11.62% | 13.44% |
Correlation
The correlation between HAMVX and FMUEX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.95 |
The correlation between HAMVX and FMUEX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
HAMVX vs. FMUEX — Risk / Return Rank
HAMVX
FMUEX
HAMVX vs. FMUEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value Fund (HAMVX) and RBB Free Market U.S. Equity Fund (FMUEX). 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.
| HAMVX | FMUEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.41 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.13 | 4.39 | +0.74 |
| Martin ratioReturn relative to average drawdown | 18.09 | 15.82 | +2.26 |
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Drawdowns
HAMVX vs. FMUEX - Drawdown Comparison
The maximum HAMVX drawdown since its inception was -64.17%, which is greater than FMUEX's maximum drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for HAMVX and FMUEX.
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Drawdown Indicators
| HAMVX | FMUEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.17% | -58.03% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -7.61% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | -25.49% | +4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -25.49% | +4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -51.44% | -42.31% | -9.13% |
Current DrawdownCurrent decline from peak | -0.97% | -0.70% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -9.96% | -8.04% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.11% | -0.18% |
Volatility
HAMVX vs. FMUEX - Volatility Comparison
The current volatility for Harbor Mid Cap Value Fund (HAMVX) is 3.25%, while RBB Free Market U.S. Equity Fund (FMUEX) has a volatility of 4.27%. This indicates that HAMVX experiences smaller price fluctuations and is considered to be less risky than FMUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAMVX | FMUEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 4.27% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 10.27% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 14.47% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 18.39% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 19.72% | +2.14% |
HAMVX vs. FMUEX - Expense Ratio Comparison
HAMVX has a 0.85% expense ratio, which is higher than FMUEX's 0.78% expense ratio.
Dividends
HAMVX vs. FMUEX - Dividend Comparison
HAMVX's dividend yield for the trailing twelve months is around 7.34%, more than FMUEX's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMUEX RBB Free Market U.S. Equity Fund | 1.59% | 1.87% | 0.00% | 4.12% | 8.26% | 4.38% | 1.61% | 5.57% | 5.88% | 3.80% | 4.80% | 8.51% |
HAMVX Harbor Mid Cap Value Fund | 7.34% | 8.67% | 5.77% | 7.20% | 8.24% | 1.27% | 2.35% | 3.10% | 8.41% | 3.84% | 3.06% | 3.30% |
Frequently Asked Questions
With a correlation of 0.94, HAMVX and FMUEX 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.
FMUEX has higher volatility (4.27%) compared to HAMVX (3.25%). In terms of maximum drawdown, HAMVX dropped -64.17% vs FMUEX's -58.03%.
HAMVX currently has the higher Sharpe Ratio (2.60 vs 2.31), 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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