EQTY vs FMCX
Kovitz Core Equity ETF vs FM Focus Equity ETF
Which is better, EQTY or FMCX?
EQTY has been ahead.
FMCX has a lower expense ratio. EQTY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EQTY | FMCX |
|---|---|---|
| Expense Ratio | 0.99% | 0.72%Best |
| AUM | $1.4B | $115M |
| Dividend Yield | 0.02% | 0.30% |
| Holdings | 77 | 32 |
| YTD Return | +12.60%Best | +6.73% |
| 1Y Return | +16.37%Best | +7.10% |
| 3Y Return (annualized) | +19.06%Best | +15.11% |
| Volatility (annualized) | 12.8%Best | 13.6% |
| Max Drawdown | -17.3%Best | -18.5% |
| $10,000 over 3.9 years | $18,669Best | $16,241 |
| Fund Family | Kovitz Investment Group | First Manhattan |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Apr 22, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Dec 12, 2022 to Nov 11, 2026 (3.9 years).
EQTY vs FMCX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
EQTY vs FMCX Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and FM Focus Equity ETF (FMCX) is an ETF from First Manhattan. Over the past year EQTY returned +16.37% while FMCX returned +7.10%. Year to date, EQTY is up 12.60% versus a gain of 6.73% for FMCX.
Over three years, EQTY compounded at +19.06% per year against +15.11% for FMCX. Across the full 4-year window we track, EQTY has the edge at +17.36% annualized vs +13.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMCX has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.8% for EQTY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.3% for EQTY and -18.5% for FMCX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQTY charges 0.99% per year while FMCX charges 0.72%. On a $10,000 position that is $99 vs $72 annually, a gap of $27 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 0.30% for FMCX.
Holdings Overlap
At least 26.6% of EQTY's money is in holdings FMCX also owns.
Stated as a floor: for FMCX, our book for it covers 88.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
EQTY and FMCX share little of their money.
8 positions in common, counted across the 37 positions we hold weights for in EQTY and 28 in FMCX, against full books of 77 and 32.
Top Shared Holdings
| Stock | Weight in EQTY | Weight in FMCX | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.24% | 7.38% | 2.14% |
| AMZNAmazon.Com Inc | 3.14% | 4.62% | 1.48% |
| VVisa Inc Class A | 4.89% | 2.43% | 2.46% |
| CRMSalesforce Inc Crm Us Equity | 2.16% | 4.46% | 2.30% |
| GOOGAlphabet Inc. C | 3.96% | 1.89% | 2.07% |
| SPGIS&p Global Inc. | 2.92% | 2.43% | 0.49% |
| NFLXNetflix Inc | 2.59% | 1.08% | 1.51% |
| AMATApplied Material | 1.68% | 1.38% | 0.30% |
26.6% of EQTY is already inside FMCX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQTY or FMCX?
EQTY has an expense ratio of 0.99% while FMCX charges 0.72%. FMCX is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, EQTY or FMCX?
Over the past year EQTY returned +16.37% vs +7.10% for FMCX, so EQTY leads on 1-year performance. Over the longest common window we track (4 years), EQTY annualized +17.36% vs +13.24% for FMCX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or FMCX?
FMCX has been the more volatile fund at 13.6% annualized versus 12.8% for EQTY. Worst drawdown: EQTY -17.3% vs FMCX -18.5%.
Should I hold both EQTY and FMCX?
EQTY and FMCX have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EQTY and FMCX?
At least 26.6% of EQTY's money is in holdings FMCX also owns. Our book for FMCX is partial, so the real figure is this or higher. They hold 8 positions in common, counted across the 37 positions we hold weights for in EQTY and 28 in FMCX.
Which pays a higher dividend, EQTY or FMCX?
EQTY yields 0.02% while FMCX yields 0.30%, so FMCX currently pays the higher dividend yield.
Is FMCX better than EQTY?
FMCX has a lower expense ratio. EQTY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.