LLSCX vs. FMIMX
LLSCX (Longleaf Partners Small-Cap Fund) and FMIMX (FMI Common Stock Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, LLSCX returned 5.81%/yr vs 11.95%/yr for FMIMX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. LLSCX charges 0.95%/yr vs 1.01%/yr for FMIMX.
Performance
LLSCX vs. FMIMX - Performance Comparison
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Returns By Period
In the year-to-date period, LLSCX achieves a -3.30% return, which is significantly lower than FMIMX's 18.51% return. Over the past 10 years, LLSCX has underperformed FMIMX with an annualized return of 5.81%, while FMIMX has yielded a comparatively higher 11.95% annualized return.
LLSCX
- 1D
- -2.33%
- 1M
- 1.15%
- 6M
- -4.81%
- YTD
- -3.30%
- 1Y
- 1.06%
- 3Y*
- 5.40%
- 5Y*
- 2.00%
- 10Y*
- 5.81%
- ALL TIME*
- 9.87%
FMIMX
- 1D
- -0.78%
- 1M
- 2.67%
- 6M
- 11.88%
- YTD
- 18.51%
- 1Y
- 17.90%
- 3Y*
- 12.77%
- 5Y*
- 10.68%
- 10Y*
- 11.95%
- ALL TIME*
- 9.43%
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 |
LLSCX vs. FMIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLSCX Longleaf Partners Small-Cap Fund | -3.30% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
FMIMX FMI Common Stock Fund | 18.51% | 2.12% | 10.38% | 24.85% | -5.95% | 30.52% | 5.79% | 24.80% | -8.77% | 13.92% |
Correlation
The correlation between LLSCX and FMIMX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1988 | 0.74 |
The correlation between LLSCX and FMIMX has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
LLSCX vs. FMIMX — Risk / Return Rank
LLSCX
FMIMX
LLSCX vs. FMIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Small-Cap Fund (LLSCX) and FMI Common Stock Fund (FMIMX). 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.
| LLSCX | FMIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.09 | -1.24 |
| Martin ratioReturn relative to average drawdown | -0.31 | 2.71 | -3.02 |
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Drawdowns
LLSCX vs. FMIMX - Drawdown Comparison
The maximum LLSCX drawdown since its inception was -63.97%, which is greater than FMIMX's maximum drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for LLSCX and FMIMX.
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Drawdown Indicators
| LLSCX | FMIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.97% | -59.09% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -13.80% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -21.31% | +5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -21.31% | -5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -42.23% | -38.07% | -4.16% |
Current DrawdownCurrent decline from peak | -7.56% | -0.78% | -6.78% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -10.42% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 5.56% | +0.06% |
Volatility
LLSCX vs. FMIMX - Volatility Comparison
Longleaf Partners Small-Cap Fund (LLSCX) and FMI Common Stock Fund (FMIMX) have volatilities of 5.13% and 5.12%, 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
| LLSCX | FMIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.12% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 12.67% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 17.58% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 18.65% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 19.23% | +5.35% |
LLSCX vs. FMIMX - Expense Ratio Comparison
LLSCX has a 0.95% expense ratio, which is lower than FMIMX's 1.01% expense ratio.
Dividends
LLSCX vs. FMIMX - Dividend Comparison
LLSCX's dividend yield for the trailing twelve months is around 1.21%, less than FMIMX's 11.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIMX FMI Common Stock Fund | 11.17% | 13.24% | 2.01% | 2.84% | 6.65% | 12.44% | 0.76% | 4.93% | 10.17% | 11.82% | 4.92% | 10.77% |
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Frequently Asked Questions
LLSCX and FMIMX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LLSCX has higher volatility (5.13%) compared to FMIMX (5.12%). In terms of maximum drawdown, LLSCX dropped -63.97% vs FMIMX's -59.09%.
FMIMX currently has the higher Sharpe Ratio (0.86 vs -0.13), 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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