RMBTX vs. FMNEX
RMBTX (RMB International Fund) and FMNEX (RBB Free Market International Equity Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, RMBTX returned 7.89%/yr vs 11.56%/yr for FMNEX. Their correlation of 0.89 means they have usually moved in the same direction. RMBTX charges 0.95%/yr vs 0.56%/yr for FMNEX.
Performance
RMBTX vs. FMNEX - Performance Comparison
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Returns By Period
In the year-to-date period, RMBTX achieves a 15.52% return, which is significantly higher than FMNEX's 12.93% return.
RMBTX
- 1D
- 2.93%
- 1M
- 0.72%
- 6M
- 10.44%
- YTD
- 15.52%
- 1Y
- 30.63%
- 3Y*
- 15.54%
- 5Y*
- 7.89%
- 10Y*
- —
- ALL TIME*
- 5.05%
FMNEX
- 1D
- 2.63%
- 1M
- 2.33%
- 6M
- 6.11%
- YTD
- 12.93%
- 1Y
- 30.75%
- 3Y*
- 18.97%
- 5Y*
- 11.56%
- 10Y*
- 9.84%
- ALL TIME*
- 5.78%
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 |
RMBTX vs. FMNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RMBTX RMB International Fund | 15.52% | 32.72% | 0.01% | 12.94% | -16.92% | 9.52% | 7.01% | 19.21% | -24.23% |
FMNEX RBB Free Market International Equity Fund | 12.93% | 42.81% | 2.15% | 16.13% | -10.54% | 14.50% | 2.74% | 17.72% | -22.63% |
Correlation
The correlation between RMBTX and FMNEX is 0.92, 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. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018 | 0.89 |
The correlation between RMBTX and FMNEX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
RMBTX vs. FMNEX — Risk / Return Rank
RMBTX
FMNEX
RMBTX vs. FMNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RMB International Fund (RMBTX) 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.
| RMBTX | FMNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.65 | -0.26 |
| Martin ratioReturn relative to average drawdown | 9.00 | 9.81 | -0.81 |
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Drawdowns
RMBTX vs. FMNEX - Drawdown Comparison
The maximum RMBTX drawdown since its inception was -38.70%, smaller than the maximum FMNEX drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for RMBTX and FMNEX.
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Drawdown Indicators
| RMBTX | FMNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -59.76% | +21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -11.38% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -13.46% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -26.61% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -12.11% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.07% | +0.10% |
Volatility
RMBTX vs. FMNEX - Volatility Comparison
RMB International Fund (RMBTX) and RBB Free Market International Equity Fund (FMNEX) have volatilities of 4.82% and 4.68%, 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
| RMBTX | FMNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.68% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 12.54% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 14.61% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 15.64% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 15.91% | +1.07% |
RMBTX vs. FMNEX - Expense Ratio Comparison
RMBTX has a 0.95% expense ratio, which is higher than FMNEX's 0.56% expense ratio.
Dividends
RMBTX vs. FMNEX - Dividend Comparison
RMBTX's dividend yield for the trailing twelve months is around 1.44%, less than FMNEX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNEX RBB Free Market International Equity Fund | 4.15% | 4.69% | 0.00% | 2.49% | 3.46% | 1.31% | 3.03% | 2.56% | 4.12% | 3.30% | 3.17% | 3.60% |
RMBTX RMB International Fund | 1.44% | 1.66% | 2.44% | 2.03% | 2.08% | 1.03% | 0.64% | 1.17% | 0.22% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, RMBTX and FMNEX 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.
RMBTX has higher volatility (4.82%) compared to FMNEX (4.68%). In terms of maximum drawdown, RMBTX dropped -38.70% vs FMNEX's -59.76%.
FMNEX currently has the higher Sharpe Ratio (2.07 vs 1.76), 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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