WAIOX vs. FMNEX
WAIOX (Wasatch International Opportunities Fund) and FMNEX (RBB Free Market International Equity Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, WAIOX returned 3.49%/yr vs 9.84%/yr for FMNEX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. WAIOX charges 1.96%/yr vs 0.56%/yr for FMNEX.
Performance
WAIOX vs. FMNEX - Performance Comparison
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Returns By Period
In the year-to-date period, WAIOX achieves a 5.03% return, which is significantly lower than FMNEX's 12.93% return. Over the past 10 years, WAIOX has underperformed FMNEX with an annualized return of 3.49%, while FMNEX has yielded a comparatively higher 9.84% annualized return.
WAIOX
- 1D
- 1.62%
- 1M
- -3.09%
- 6M
- 4.44%
- YTD
- 5.03%
- 1Y
- -3.01%
- 3Y*
- 3.33%
- 5Y*
- -7.01%
- 10Y*
- 3.49%
- ALL TIME*
- 6.80%
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 |
WAIOX vs. FMNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAIOX Wasatch International Opportunities Fund | 5.03% | 2.57% | -4.49% | 10.64% | -36.63% | -1.36% | 41.75% | 32.19% | -14.69% | 27.69% |
FMNEX RBB Free Market International Equity Fund | 12.93% | 42.81% | 2.15% | 16.13% | -10.54% | 14.50% | 2.74% | 17.72% | -19.58% | 27.74% |
Correlation
The correlation between WAIOX and FMNEX is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.71 |
The correlation between WAIOX and FMNEX has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
WAIOX vs. FMNEX — Risk / Return Rank
WAIOX
FMNEX
WAIOX vs. FMNEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch International Opportunities Fund (WAIOX) 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.
| WAIOX | FMNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.38 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.65 | -2.83 |
| Martin ratioReturn relative to average drawdown | -0.43 | 9.81 | -10.24 |
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Drawdowns
WAIOX vs. FMNEX - Drawdown Comparison
The maximum WAIOX drawdown since its inception was -68.04%, which is greater than FMNEX's maximum drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for WAIOX and FMNEX.
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Drawdown Indicators
| WAIOX | FMNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.04% | -59.76% | -8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -18.18% | -11.38% | -6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | -13.46% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -50.21% | -26.61% | -23.60% |
Max Drawdown (10Y)Largest decline over 10 years | -50.21% | -47.35% | -2.86% |
Current DrawdownCurrent decline from peak | -34.76% | -0.11% | -34.65% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -12.11% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.71% | 3.07% | +4.64% |
Volatility
WAIOX vs. FMNEX - Volatility Comparison
Wasatch International Opportunities Fund (WAIOX) and RBB Free Market International Equity Fund (FMNEX) have volatilities of 4.80% 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
| WAIOX | FMNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 4.68% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 12.54% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 14.61% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 15.64% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 15.91% | +0.68% |
WAIOX vs. FMNEX - Expense Ratio Comparison
WAIOX has a 1.96% expense ratio, which is higher than FMNEX's 0.56% expense ratio.
Dividends
WAIOX vs. FMNEX - Dividend Comparison
WAIOX's dividend yield for the trailing twelve months is around 65.02%, more 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% |
WAIOX Wasatch International Opportunities Fund | 65.02% | 68.29% | 0.00% | 0.00% | 0.00% | 14.35% | 1.98% | 2.38% | 2.73% | 7.00% | 0.00% | 4.76% |
Frequently Asked Questions
WAIOX and FMNEX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAIOX has higher volatility (4.80%) compared to FMNEX (4.68%). In terms of maximum drawdown, WAIOX dropped -68.04% vs FMNEX's -59.76%.
FMNEX currently has the higher Sharpe Ratio (2.07 vs -0.22), 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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