MOWIX vs. FMNEX
MOWIX (Moerus Worldwide Value Fund) and FMNEX (RBB Free Market International Equity Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, MOWIX returned 19.52%/yr vs 11.45%/yr for FMNEX. Their correlation of 0.80 means they have usually moved in the same direction. MOWIX charges 1.40%/yr vs 0.56%/yr for FMNEX.
Performance
MOWIX vs. FMNEX - Performance Comparison
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Returns By Period
In the year-to-date period, MOWIX achieves a 7.79% return, which is significantly lower than FMNEX's 12.36% return.
MOWIX
- 1D
- 0.00%
- 1M
- 1.64%
- 6M
- -1.29%
- YTD
- 7.79%
- 1Y
- 27.24%
- 3Y*
- 22.34%
- 5Y*
- 19.52%
- 10Y*
- —
- ALL TIME*
- 11.06%
FMNEX
- 1D
- -0.51%
- 1M
- 1.81%
- 6M
- 5.37%
- YTD
- 12.36%
- 1Y
- 30.07%
- 3Y*
- 19.16%
- 5Y*
- 11.45%
- 10Y*
- 9.83%
- ALL TIME*
- 5.75%
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 |
MOWIX vs. FMNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MOWIX Moerus Worldwide Value Fund | 7.79% | 40.23% | 15.96% | 24.97% | 6.40% | 18.28% | -10.06% | 15.29% | -19.47% | 18.59% |
FMNEX RBB Free Market International Equity Fund | 12.36% | 42.81% | 2.15% | 16.13% | -10.54% | 14.50% | 2.74% | 17.72% | -19.58% | 27.74% |
Correlation
The correlation between MOWIX and FMNEX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.80 |
The correlation between MOWIX and FMNEX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
MOWIX vs. FMNEX — Risk / Return Rank
MOWIX
FMNEX
MOWIX vs. FMNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Moerus Worldwide Value Fund (MOWIX) and RBB Free Market International Equity Fund (FMNEX). 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.
| MOWIX | FMNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.66 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.73 | 9.87 | -4.14 |
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Drawdowns
MOWIX vs. FMNEX - Drawdown Comparison
The maximum MOWIX drawdown since its inception was -53.13%, smaller than the maximum FMNEX drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for MOWIX and FMNEX.
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Drawdown Indicators
| MOWIX | FMNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.13% | -59.76% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -11.38% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -14.54% | -13.46% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -22.11% | -26.61% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.35% | — |
Current DrawdownCurrent decline from peak | -6.47% | -0.63% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -12.10% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 3.07% | +1.37% |
Volatility
MOWIX vs. FMNEX - Volatility Comparison
The current volatility for Moerus Worldwide Value Fund (MOWIX) is 3.56%, while RBB Free Market International Equity Fund (FMNEX) has a volatility of 4.65%. This indicates that MOWIX experiences smaller price fluctuations and is considered to be less risky than FMNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOWIX | FMNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 4.65% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 12.55% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 14.58% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.55% | 15.64% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 15.91% | +1.21% |
MOWIX vs. FMNEX - Expense Ratio Comparison
MOWIX has a 1.40% expense ratio, which is higher than FMNEX's 0.56% expense ratio.
Dividends
MOWIX vs. FMNEX - Dividend Comparison
MOWIX's dividend yield for the trailing twelve months is around 9.67%, more than FMNEX's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNEX RBB Free Market International Equity Fund | 4.17% | 4.69% | 0.00% | 2.49% | 3.46% | 1.31% | 3.03% | 2.56% | 4.12% | 3.30% | 3.17% | 3.60% |
MOWIX Moerus Worldwide Value Fund | 9.67% | 10.42% | 4.65% | 4.98% | 0.55% | 5.32% | 0.72% | 1.32% | 1.93% | 0.86% | 0.00% | 0.00% |
Frequently Asked Questions
MOWIX and FMNEX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMNEX has higher volatility (4.65%) compared to MOWIX (3.56%). In terms of maximum drawdown, MOWIX dropped -53.13% vs FMNEX's -59.76%.
FMNEX currently has the higher Sharpe Ratio (2.08 vs 1.62), 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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