- ISIN
- US56167N5977
- CUSIP
- 56167N597
- Issuer
- Olstein
- Inception Date
- Nov 1, 2006
- Category
- Small Cap Value Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
OFSAX Performance Chart
Olstein Strategic Opportunities Fund (OFSAX) is up 15.6% since the beginning of the year. OFSAX is currently trading at $25 per share. Investors who bought $1,000 worth of OFSAX shares 5 years ago would now be looking at an investment worth $1,134.
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Returns By Period
Olstein Strategic Opportunities Fund (OFSAX) has returned 15.59% so far this year and 30.00% over the past 12 months. Over the last ten years, OFSAX has returned 8.06% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Olstein Strategic Opportunities Fund
- 1D
- 1.65%
- 1M
- 6.42%
- YTD
- 15.59%
- 6M
- 13.00%
- 1Y
- 30.00%
- 3Y*
- 9.45%
- 5Y*
- 2.55%
- 10Y*
- 8.06%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
OFSAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 6, 2006, OFSAX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2009 with a return of +30.2%, while the worst month was Oct 2008 at -27.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, OFSAX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.4%, while the worst single day was Mar 18, 2020 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.76% | 1.24% | -9.71% | 8.67% | 4.99% | 4.80% | 15.59% | ||||||
| 2025 | 3.83% | -4.33% | -8.39% | -6.05% | 6.94% | 5.18% | 3.14% | 6.85% | -2.17% | -3.05% | 3.71% | 0.64% | 4.93% |
| 2024 | -3.61% | 2.26% | 5.97% | -6.78% | 5.71% | -3.64% | 10.88% | -3.54% | -2.31% | -1.43% | 9.88% | -8.22% | 2.99% |
| 2023 | 15.27% | 0.05% | -4.17% | -3.16% | -5.38% | 8.04% | 2.08% | -4.97% | -5.83% | -6.13% | 7.83% | 12.96% | 14.28% |
| 2022 | -3.64% | -0.42% | -5.20% | -7.87% | -0.44% | -11.91% | 10.52% | -4.88% | -10.96% | 12.19% | 7.37% | -5.10% | -21.36% |
| 2021 | 5.59% | 11.06% | 5.65% | 1.89% | 0.57% | -2.45% | -3.06% | 3.19% | -3.57% | 1.58% | -3.27% | 3.77% | 21.82% |
Benchmark Metrics
Olstein Strategic Opportunities Fund has an annualized alpha of -1.49%, beta of 1.11, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since November 06, 2006.
- This fund participated in 122.15% of S&P 500 Index downside but only 116.83% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.11 and R2 of 0.73, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.49%
- Beta
- 1.11
- R²
- 0.73
- Upside Capture
- 116.83%
- Downside Capture
- 122.15%
Expense Ratio
OFSAX has a high expense ratio of 1.60%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
OFSAX ranks 29 for risk / return — below 29% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Olstein Strategic Opportunities Fund (OFSAX) and compare them to S&P 500 Index.
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.
| OFSAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.78 | -0.81 |
| Martin ratioReturn relative to average drawdown | 6.04 | 12.44 | -6.39 |
Dividends
Dividend History
Olstein Strategic Opportunities Fund provided a 2.27% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $1.44 | $0.02 | $0.32 | $2.51 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $1.42 |
Dividend yield | 2.27% | 2.63% | 6.92% | 0.09% | 1.67% | 10.25% | 0.00% | 0.00% | 0.94% | 0.00% | 0.00% | 10.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Olstein Strategic Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $1.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.51 | $2.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Olstein Strategic Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Olstein Strategic Opportunities Fund was 66.34%, occurring on Mar 9, 2009. Recovery took 525 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.34%Mar 2009 | 1y 8mo | 2y 28d | 3y 9moJul 2007 - Apr 2011 |
COVID crash2020 | -47.25%Mar 2020 | 2mo 1d | 7mo 26d | 9mo 27dJan 2020 - Nov 2020 |
Bear market2022 | -35.35%Sep 2022 | 10mo 17d | 3y 4mo | 4y 2moNov 2021 - Feb 2026 |
2016 bear market2016 | -31.57%Feb 2016 | 9mo 18d | 10mo 1d | 1y 7moApr 2015 - Dec 2016 |
2011 bear market2011 | -27.93%Oct 2011 | 5mo 29d | 4mo 8d | 10mo 7dApr 2011 - Feb 2012 |
Drawdown Indicators
| OFSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.34% | -56.78% | -9.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -9.10% | -6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -18.90% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.35% | -25.43% | -9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -47.25% | -33.92% | -13.33% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -13.18% | -10.71% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 2.03% | +2.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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