Tributary Small/Mid Competition

FSMCX Fund

USD 15.96 0.01 0.06%

The fund is listed under the Small Blend category and is part of the Tributary Funds family. Tributary Smallmid Cap competes with T ROWE, BUFFALO HIGH, SHENKMAN SHORT, VANGUARD HIGH-YIELD, and NUVEEN HIGH and other related companies. The peer set adds context for comparison. Peer comparison for Tributary Small/Mid provides quick context before deeper valuation work.

Tributary Small/Mid vs Lord Abbett Correlation Summary

Very weak diversification

For the present investment horizon, the measured correlation between FSMCX and HYMQX stands at 0.58, or Very weak diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Moving together with Tributary Mutual Fund

1.0

FSMBX

Tributary Smallmid Cap

Pair Corr

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The concept of mean reversion suggests that Tributary Small/Mid's price will eventually return toward its long-run average. High prices may deter value investors, while unusually low prices often attract buyers who anticipate a recovery.

Hype

Prediction

Low	Estimated	High
14.98	15.96	16.94

Details

Intrinsic

Valuation

Low	Real	High
15.18	16.16	17.14

Details

Naive

Forecast

Low	Next	High
14.57	15.55	16.53

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
16.19	16.95	17.71

Details

Competitive analysis for Tributary Small/Mid compares its financial performance, valuation multiples, and growth trajectory against sector peers. This peer-relative view often uncovers mispricing that single-company analysis would miss.

Tributary Small/Mid Competition Correlation Matrix

Correlation analysis between Tributary Smallmid Cap and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.

	TFHAX	BUFHX	SCFFX	VWALX	NHCCX	NHMAX	HYMQX
TFHAX		0.85	0.75	0.98	0.93	0.93	0.99	TFHAX
BUFHX	0.85		0.9	0.78	0.72	0.68	0.86	BUFHX
SCFFX	0.75	0.9		0.7	0.65	0.61	0.75	SCFFX
VWALX	0.98	0.78	0.7		0.98	0.96	0.97	VWALX
NHCCX	0.93	0.72	0.65	0.98		0.95	0.92	NHCCX
NHMAX	0.93	0.68	0.61	0.96	0.95		0.92	NHMAX
HYMQX	0.99	0.86	0.75	0.97	0.92	0.92		HYMQX
	TFHAX	BUFHX	SCFFX	VWALX	NHCCX	NHMAX	HYMQX

Risk-Adjusted Indicators

There is a big difference between Tributary Mutual Fund performing well and Tributary Small/Mid Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tributary Small/Mid's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFHAX	0.08	0.02	0.28	-1.82	0.00	-0.15	0.20	-0.20	0.90
BUFHX	0.10	0.00	0.26	0.00	0.05	-0.15	0.19	-0.19	0.76
SCFFX	0.06	0.00	0.25	-0.09	0.05	-0.12	0.10	-0.10	0.51
VWALX	0.11	0.01	0.19	0.33	0.08	-0.14	0.19	-0.28	1.02
NHCCX	0.14	0.00	0.15	0.02	0.18	-0.19	0.43	-0.41	1.39
NHMAX	0.15	0.00	0.15	-0.03	0.19	-0.17	0.43	-0.48	1.31
HYMQX	0.07	0.00	0.33	0.00	0.00	-0.12	0.14	-0.14	0.77

Tributary Small/Mid Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	FSMCX	TFHAX	BUFHX	SCFFX	VWALX	NHCCX	NHMAX	HYMQX
	0.06 15.96 Tributary	0.10 10.01 TFHAX	0.19 10.44 BUFFALO	0.20 9.78 SHENKMAN	0.19 10.64 VANGUARD	0.21 14.23 NUVEEN	0.28 14.25 Nuveen	0.21 14.26 Lord
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Weak	Balanced	Mild	Soft	Moderate	Mild	Mild	Balanced
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Sell	Hold	Cautious Hold	Hold	Cautious Hold	Cautious Hold	Sell
Holdings Turnover	111.00 %	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Asset	1.55 M	55.8 M	672.76 M	2.01 B	13.12 B	12.84 B	12.84 B	273.5 M
Minimum Initial Investment	N/A	N/A	N/A	1 K	50 K	N/A	N/A	N/A
Price To Book	N/A	N/A	N/A	N/A	N/A	8.54 X	8.54 X	N/A
Five Year Return	5.34 %	2.41 %	4.99 %	4.33 %	1.55 %	-0.01 %	0.80 %	1.82 %
One Year Return	2.75 %	6.40 %	4.68 %	5.43 %	4.34 %	1.59 %	2.43 %	4.54 %
Last Dividend Paid	0.02	0.02	0.04	0.02	N/A	0.06	0.07	0.03
Price To Earning	33.90 X	N/A	N/A	N/A	N/A	10.30 X	10.30 X	N/A
Price To Sales	N/A	N/A	N/A	N/A	N/A	1.16 X	1.16 X	N/A
Cash Position Weight	1.15 %	1.48 %	4.20 %	2.87 %	0.02 %	0.08 %	0.08 %	0.86 %
Equity Positions Weight	98.86 %	N/A	N/A	N/A	N/A	8.71 %	8.71 %	N/A
Three Year Return	5.23 %	5.71 %	8.07 %	6.58 %	5.03 %	3.17 %	4.01 %	4.90 %
Annual Yield	N/A	0.0025 %	0.07 %	0.06 %	0.0043 %	0.05 %	0.05 %	0.0025 %
Year To Date Return	2.05 %	1.61 %	0.53 %	0.19 %	1.26 %	1.16 %	1.38 %	1.33 %
Bond Positions Weight	N/A	8.21 %	7.11 %	96.58 %	99.98 %	8.76 %	8.76 %	99.14 %
Ten Year Return	N/A	N/A	5.10 %	N/A	4.82 %	5.58 %	6.43 %	N/A
Daily Balance Of Power	9.2 T	9.2 T	0	0	9.2 T	9.2 T	9.2 T	0
Day Typical Price	15.96	10.01	10.44	9.78	10.64	14.23	14.25	14.26
Period Momentum Indicator	0.01	0.01	-0.02	-0.02	0.02	0.03	0.04	-0.03
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	15.96	10.01	10.44	9.78	10.64	14.23	14.25	14.26
Price Action Indicator	0.005	0.005	-0.01	-0.01	0.01	0.015	0.02	-0.01
Coefficient Of Variation	-9,491	496.99	1341.47	2949.11	876.85	2069.03	2545.02	608.6
Mean Deviation	0.7233	0.083	0.0996	0.0601	0.1067	0.1423	0.1453	0.0672
Jensen Alpha	0.0248	0.0156	0.0047	-0.0036	0.01	0.0031	4.0E-4	N/A
Total Risk Alpha	0.0351	0.0233	0.0081	-0.0016	0.018	0.0137	0.0114	0.0145
Sortino Ratio	N/A	0.2811	0.2597	0.2544	0.193	0.1492	0.1481	0.3337
Downside Variance	N/A	0.0469	0.0302	0.0223	0.0771	0.0941	0.0868	0.0253
Standard Deviation	0.9827	0.1294	0.138	0.0927	0.1645	0.2263	0.224	0.111
Kurtosis	0.4606	4.71	1.14	1.47	3.48	3.18	2.59	6.01
Potential Upside	1.79	0.2014	0.1929	0.1025	0.189	0.4252	0.4255	0.1411
Treynor Ratio	-0.02	-1.82	0.0029	-0.09	0.3294	0.0198	-0.03	N/A
Maximum Drawdown	4.88	0.9031	0.763	0.5089	1.02	1.39	1.31	0.7732
Variance	0.9656	0.0167	0.019	0.0086	0.0271	0.0512	0.0502	0.0123
Market Risk Adjusted Performance	-0.01	-1.81	0.0129	-0.08	0.3394	0.0298	-0.02	N/A
Risk Adjusted Performance	-0.01	0.1085	0.0117	-0.05	0.0523	0.0133	0.0057	0.069
Skewness	-0.11	0.4317	0.0963	-0.44	-0.80	-0.37	-0.22	0.9454
Semi Deviation	N/A	0.0	0.052	0.0532	0.0757	0.1795	0.1918	0.0
Information Ratio	0.0249	0.4704	0.3269	0.4096	0.3258	0.2022	0.1948	0.4782
Value At Risk	-1.91	-0.20	-0.19	-0.10	-0.28	-0.41	-0.48	-0.14
Expected Short fall	N/A	-0.15	-0.15	-0.12	-0.14	-0.19	-0.17	-0.12
Downside Deviation	N/A	0.2166	0.1737	0.1493	0.2777	0.3068	0.2946	0.159
Semi Variance	N/A	-0.02	0.0027	0.0028	0.0057	0.0322	0.0368	-0.01

Peer Performance Charts

How to Analyze Tributary Small/Mid Against Peers

Tributary Small/Mid's peer analysis compares Tributary Small/Mid with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether Tributary Small/Mid trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where Tributary Small/Mid leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

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Tributary Small/Mid Competition

Tributary Small/Mid vs Lord Abbett Correlation Summary

Very weak diversification

Moving together with Tributary Mutual Fund

Specify up to 10 symbols:

Tributary Small/Mid Competition Correlation Matrix

Risk-Adjusted Indicators

Tributary Small/Mid Competitive Analysis

Peer Performance Charts

How to Analyze Tributary Small/Mid Against Peers

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