TQSMX vs. FTHSX
TQSMX (T. Rowe Price Integrated US Small-Mid Cap Equity Fund) and FTHSX (FullerThaler Behavioral Small-Cap Equity Fund Class I) are both Small Cap Blend Equities funds. Both are actively managed. Over the past 10 years, TQSMX returned 12.54%/yr vs 14.18%/yr for FTHSX. Their correlation of 0.94 means they have usually moved in the same direction. TQSMX charges 0.87%/yr vs 0.76%/yr for FTHSX.
Performance
TQSMX vs. FTHSX - Performance Comparison
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Returns By Period
In the year-to-date period, TQSMX achieves a 19.83% return, which is significantly higher than FTHSX's 18.50% return. Over the past 10 years, TQSMX has underperformed FTHSX with an annualized return of 12.54%, while FTHSX has yielded a comparatively higher 14.18% annualized return.
TQSMX
- 1D
- 1.24%
- 1M
- 0.57%
- 6M
- 13.10%
- YTD
- 19.83%
- 1Y
- 30.99%
- 3Y*
- 19.11%
- 5Y*
- 12.37%
- 10Y*
- 12.54%
- ALL TIME*
- 13.64%
FTHSX
- 1D
- 1.28%
- 1M
- 3.16%
- 6M
- 12.84%
- YTD
- 18.50%
- 1Y
- 28.65%
- 3Y*
- 19.14%
- 5Y*
- 13.32%
- 10Y*
- 14.18%
- ALL TIME*
- 13.86%
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 |
TQSMX vs. FTHSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQSMX T. Rowe Price Integrated US Small-Mid Cap Equity Fund | 19.83% | 12.75% | 16.34% | 21.72% | -13.07% | 21.85% | 11.68% | 30.19% | -10.91% | 15.44% |
FTHSX FullerThaler Behavioral Small-Cap Equity Fund Class I | 18.50% | 12.02% | 16.17% | 22.55% | -7.49% | 30.83% | 10.38% | 28.06% | -13.18% | 17.35% |
Correlation
The correlation between TQSMX and FTHSX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2016 | 0.94 |
The correlation between TQSMX and FTHSX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
TQSMX vs. FTHSX — Risk / Return Rank
TQSMX
FTHSX
TQSMX vs. FTHSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) and FullerThaler Behavioral Small-Cap Equity Fund Class I (FTHSX). 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.
| TQSMX | FTHSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.26 | -0.09 |
| Martin ratioReturn relative to average drawdown | 12.52 | 11.73 | +0.79 |
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Drawdowns
TQSMX vs. FTHSX - Drawdown Comparison
The maximum TQSMX drawdown since its inception was -40.66%, which is greater than FTHSX's maximum drawdown of -37.74%. Use the drawdown chart below to compare losses from any high point for TQSMX and FTHSX.
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Drawdown Indicators
| TQSMX | FTHSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.66% | -37.74% | -2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.42% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -23.82% | -24.58% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -24.58% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -37.74% | -2.92% |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -5.56% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.61% | +0.01% |
Volatility
TQSMX vs. FTHSX - Volatility Comparison
T. Rowe Price Integrated US Small-Mid Cap Equity Fund (TQSMX) has a higher volatility of 3.77% compared to FullerThaler Behavioral Small-Cap Equity Fund Class I (FTHSX) at 3.55%. This indicates that TQSMX's price experiences larger fluctuations and is considered to be riskier than FTHSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQSMX | FTHSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.55% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 10.79% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 14.88% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 18.79% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 20.07% | +0.30% |
TQSMX vs. FTHSX - Expense Ratio Comparison
TQSMX has a 0.87% expense ratio, which is higher than FTHSX's 0.76% expense ratio.
Dividends
TQSMX vs. FTHSX - Dividend Comparison
TQSMX's dividend yield for the trailing twelve months is around 0.96%, more than FTHSX's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHSX FullerThaler Behavioral Small-Cap Equity Fund Class I | 0.46% | 0.54% | 8.05% | 1.81% | 1.23% | 3.77% | 0.35% | 0.39% | 0.55% | 0.26% | 0.00% | 15.40% |
TQSMX T. Rowe Price Integrated US Small-Mid Cap Equity Fund | 0.96% | 1.15% | 6.48% | 3.39% | 6.06% | 1.40% | 0.81% | 1.18% | 2.12% | 0.35% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, TQSMX and FTHSX 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.
TQSMX has higher volatility (3.77%) compared to FTHSX (3.55%). In terms of maximum drawdown, TQSMX dropped -40.66% vs FTHSX's -37.74%.
FTHSX currently has the higher Sharpe Ratio (2.07 vs 1.92), 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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