- ISIN
- US66263L8256
- CUSIP
- 66263L825
- Issuer
- North Square
- Inception Date
- Sep 30, 2015
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ORSIX Performance Chart
North Square Dynamic Small Cap Fund (ORSIX) is up 20.5% since the beginning of the year. ORSIX is currently trading at $20 per share. Investors who bought $1,000 worth of ORSIX shares 5 years ago would now be looking at an investment worth $1,752.
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Returns By Period
North Square Dynamic Small Cap Fund (ORSIX) has returned 20.49% so far this year and 42.94% over the past 12 months. Over the last decade, ORSIX has posted an annualized return of 14.60%, slightly higher than the S&P 500 Index benchmark’s 13.88%.
North Square Dynamic Small Cap Fund
- 1D
- 1.72%
- 1M
- 3.12%
- YTD
- 20.49%
- 6M
- 17.66%
- 1Y
- 42.94%
- 3Y*
- 21.13%
- 5Y*
- 11.87%
- 10Y*
- 14.60%
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%
ORSIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2015, ORSIX's average daily return is +0.06%, while the average monthly return is +1.23%. At this rate, an investment would double in approximately 4.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +16.3%, while the worst month was Mar 2020 at -20.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ORSIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.4%, while the worst single day was Mar 16, 2020 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.75% | 0.29% | -3.53% | 12.91% | 2.86% | 2.36% | 20.49% | ||||||
| 2025 | 4.31% | -5.47% | -7.33% | -2.47% | 3.87% | 3.94% | 0.96% | 8.60% | 0.44% | 1.06% | 1.55% | 1.56% | 10.44% |
| 2024 | -3.10% | 4.77% | 4.41% | -4.84% | 5.30% | -0.68% | 9.58% | -0.94% | 1.26% | -2.30% | 10.33% | -8.03% | 14.94% |
| 2023 | 9.87% | -0.08% | -3.48% | -1.23% | -0.80% | 8.70% | 5.28% | -2.19% | -5.61% | -6.45% | 12.07% | 12.33% | 29.16% |
| 2022 | -9.17% | 0.17% | 0.67% | -8.19% | -0.09% | -9.11% | 8.73% | -2.46% | -8.51% | 12.88% | 3.26% | -5.59% | -18.46% |
| 2021 | 5.97% | 5.39% | 1.65% | 2.01% | 0.16% | 1.86% | -1.77% | 4.05% | -3.15% | 5.86% | -3.59% | 4.18% | 24.36% |
Benchmark Metrics
North Square Dynamic Small Cap Fund has an annualized alpha of -0.60%, beta of 1.11, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since October 02, 2015.
- This fund participated in 111.18% of S&P 500 Index downside but only 109.59% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.11 and R2 of 0.75, 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
- -0.60%
- Beta
- 1.11
- R²
- 0.75
- Upside Capture
- 109.59%
- Downside Capture
- 111.18%
Expense Ratio
ORSIX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ORSIX ranks 75 for risk / return — better than 75% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for North Square Dynamic Small Cap Fund (ORSIX) 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.
| ORSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 2.78 | +1.99 |
| Martin ratioReturn relative to average drawdown | 16.18 | 12.44 | +3.74 |
Dividends
Dividend History
North Square Dynamic Small Cap Fund provided a 2.34% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.84 | $0.02 | $0.02 | $6.19 | $0.29 | $0.03 | $2.28 | $0.04 | $0.03 | $0.04 |
Dividend yield | 2.34% | 2.82% | 5.56% | 0.16% | 0.21% | 46.91% | 1.85% | 0.26% | 21.64% | 0.31% | 0.29% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for North Square Dynamic Small Cap 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 | $0.46 | $0.46 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 |
| 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 | $0.02 | $0.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.19 | $6.19 |
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 North Square Dynamic Small Cap 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 North Square Dynamic Small Cap Fund was 42.58%, occurring on Mar 18, 2020. Recovery took 165 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -42.58%Mar 2020 | 1y 6mo | 7mo 27d | 2y 2moSep 2018 - Nov 2020 |
Bear market2022 | -31.32%Sep 2022 | 10mo 22d | 1y 3mo | 2y 1moNov 2021 - Dec 2023 |
2025 selloff2025 | -26.57%Apr 2025 | 4mo 13d | 6mo 19d | 11mo 2dNov 2024 - Oct 2025 |
2016 bear market2016 | -20.15%Feb 2016 | 3mo 4d | 6mo 24d | 9mo 28dNov 2015 - Sep 2016 |
2021 correction2021 | -10.28%Mar 2021 | 16d | 5mo 26d | 6mo 12dFeb 2021 - Aug 2021 |
Drawdown Indicators
| ORSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.58% | -56.78% | +14.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -9.10% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -18.90% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -31.32% | -25.43% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -42.58% | -33.92% | -8.66% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -10.71% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.03% | +0.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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