QCGDX vs. FTHMX

Last updated Jun 25, 2026

QCGDX (Quantified Common Ground Fund) and FTHMX (FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares) are both Mid Cap Blend Equities funds. Over the past year, QCGDX returned 18.78% vs 24.06% for FTHMX. A 0.80 correlation means they provide meaningful diversification when combined. QCGDX charges 1.68%/yr vs 0.83%/yr for FTHMX.

Performance

QCGDX vs. FTHMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantified Common Ground Fund (QCGDX) and FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares (FTHMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QCGDX having a 13.65% return and FTHMX slightly higher at 14.12%.

QCGDX

• 1D: -2.74%
• 1M: -2.12%
• YTD: 13.65%
• 6M: 12.63%
• 1Y: 18.78%
• 3Y*: 11.87%
• 5Y*: 8.34%
• 10Y*: —

FTHMX

• 1D: -1.02%
• 1M: 0.50%
• YTD: 14.12%
• 6M: 12.33%
• 1Y: 24.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCGDX vs. FTHMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QCGDX Quantified Common Ground Fund	13.65%	1.02%	9.87%	11.51%
FTHMX FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares	14.12%	12.89%	12.48%	11.60%

Correlation

The correlation between QCGDX and FTHMX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.80

The correlation between QCGDX and FTHMX has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

Return for Risk

QCGDX vs. FTHMX — Risk / Return Rank

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

QCGDX

QCGDX Risk / Return Rank: 39
QCGDX Sharpe Ratio Rank: 30
QCGDX Sortino Ratio Rank: 28
QCGDX Omega Ratio Rank: 32
QCGDX Calmar Ratio Rank: 47
QCGDX Martin Ratio Rank: 59

FTHMX

FTHMX Risk / Return Rank: 71
FTHMX Sharpe Ratio Rank: 62
FTHMX Sortino Ratio Rank: 66
FTHMX Omega Ratio Rank: 55
FTHMX Calmar Ratio Rank: 89
FTHMX Martin Ratio Rank: 85

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.

QCGDX vs. FTHMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Common Ground Fund (QCGDX) and FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares (FTHMX). 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.

	QCGDX	FTHMX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.93	-0.56
Sortino ratio: Return per unit of downside risk	1.93	2.81	-0.88
Omega ratio: Gain probability vs. loss probability	1.26	1.34	-0.07
Calmar ratio: Return relative to maximum drawdown	2.39	3.95	-1.56
Martin ratio: Return relative to average drawdown	10.62	13.69	-3.07

QCGDX vs. FTHMX - Sharpe Ratio Comparison

The current QCGDX Sharpe Ratio is 1.37, which is comparable to the FTHMX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of QCGDX and FTHMX, 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

QCGDX vs. FTHMX - Drawdown Comparison

The maximum QCGDX drawdown since its inception was -22.37%, which is greater than FTHMX's maximum drawdown of -20.45%. Use the drawdown chart below to compare losses from any high point for QCGDX and FTHMX.

Drawdown Indicators

	QCGDX	FTHMX	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-20.45%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-6.33%	-1.59%
Max Drawdown (3Y) Largest decline over 3 years	-16.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.18%	—	—
Current Drawdown Current decline from peak	-4.10%	-2.13%	-1.97%
Average Drawdown Average peak-to-trough decline	-6.10%	-2.99%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.82%	-0.04%

Volatility

QCGDX vs. FTHMX - Volatility Comparison

Quantified Common Ground Fund (QCGDX) has a higher volatility of 7.86% compared to FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares (FTHMX) at 4.05%. This indicates that QCGDX's price experiences larger fluctuations and is considered to be riskier than FTHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCGDX	FTHMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	4.05%	+3.81%
Volatility (6M) Calculated over the trailing 6-month period	11.68%	9.77%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	12.97%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	15.42%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	15.42%	+1.22%

QCGDX vs. FTHMX - Expense Ratio Comparison

QCGDX has a 1.68% expense ratio, which is higher than FTHMX's 0.83% expense ratio.

Dividends

QCGDX vs. FTHMX - Dividend Comparison

QCGDX's dividend yield for the trailing twelve months is around 0.61%, more than FTHMX's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FTHMX FullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares	0.29%	0.33%	0.28%	0.18%	0.00%	0.00%	0.00%
QCGDX Quantified Common Ground Fund	0.61%	0.69%	4.42%	0.22%	0.00%	5.44%	1.65%

Frequently Asked Questions

Can I hold both QCGDX and FTHMX in my portfolio?

QCGDX and FTHMX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCGDX or FTHMX?

QCGDX has higher volatility (7.86%) compared to FTHMX (4.05%). In terms of maximum drawdown, QCGDX dropped -22.37% vs FTHMX's -20.45%.

Which has better risk-adjusted returns?

FTHMX currently has the higher Sharpe Ratio (1.93 vs 1.37), 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.