- ISIN
- US6710817015
- CUSIP
- 671081701
- Issuer
- Oak Associates
- Inception Date
- Jun 30, 2005
- Category
- Small Cap Blend Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RIVSX Performance Chart
River Oak Discovery Fund (RIVSX) is up 34.6% since the beginning of the year. RIVSX is currently trading at $26 per share. Investors who bought $1,000 worth of RIVSX shares 5 years ago would now be looking at an investment worth $1,601.
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Returns By Period
River Oak Discovery Fund (RIVSX) has returned 34.61% so far this year and 56.93% over the past 12 months. Over the last ten years, RIVSX has returned 12.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
River Oak Discovery Fund
- 1D
- 1.66%
- 1M
- 4.20%
- YTD
- 34.61%
- 6M
- 32.22%
- 1Y
- 56.93%
- 3Y*
- 16.93%
- 5Y*
- 9.87%
- 10Y*
- 12.48%
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%
RIVSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2006, RIVSX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +19.3%, while the worst month was Oct 2008 at -22.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RIVSX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +9.4%, while the worst single day was Mar 16, 2020 at -13.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.29% | 3.88% | -4.73% | 15.10% | 5.02% | 3.91% | 34.61% | ||||||
| 2025 | 1.45% | -4.83% | -5.19% | -2.92% | 3.70% | 5.14% | 0.52% | 7.15% | 0.75% | 1.85% | 0.73% | 1.16% | 9.11% |
| 2024 | -3.03% | 2.40% | 2.81% | -7.12% | 5.83% | 1.68% | 6.21% | -1.56% | -1.74% | -0.39% | 7.24% | -6.75% | 4.42% |
| 2023 | 5.85% | 0.95% | -3.12% | -5.59% | -0.39% | 7.30% | 1.69% | -5.33% | -3.38% | -4.47% | 8.54% | 7.37% | 8.18% |
| 2022 | -9.34% | -3.20% | -0.61% | -6.16% | 3.08% | -7.13% | 9.32% | -4.39% | -7.34% | 10.12% | 7.71% | -5.05% | -14.53% |
| 2021 | 3.54% | 7.95% | 0.31% | 2.14% | -0.80% | 0.60% | -0.35% | 5.52% | -2.95% | 4.36% | -3.80% | 6.57% | 24.78% |
Benchmark Metrics
River Oak Discovery Fund has an annualized alpha of 0.11%, beta of 1.03, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since January 03, 2006.
- This fund participated in 105.41% of S&P 500 Index downside but only 103.69% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.03 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
- 0.11%
- Beta
- 1.03
- R²
- 0.75
- Upside Capture
- 103.69%
- Downside Capture
- 105.41%
Expense Ratio
RIVSX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RIVSX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for River Oak Discovery Fund (RIVSX) 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.
| RIVSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.20 | 2.78 | +3.42 |
| Martin ratioReturn relative to average drawdown | 21.82 | 12.44 | +9.38 |
Dividends
Dividend History
River Oak Discovery Fund provided a 0.21% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.06 | $0.06 | $0.00 | $0.00 | $0.02 | $3.14 | $2.54 | $0.59 | $2.17 | $0.92 | $0.00 | $0.02 |
Dividend yield | 0.21% | 0.29% | 0.00% | 0.00% | 0.15% | 16.84% | 14.54% | 3.81% | 17.54% | 5.48% | 0.00% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for River Oak Discovery 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 | $0.06 | $0.06 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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 | $3.14 | $3.14 |
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 River Oak Discovery 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 River Oak Discovery Fund was 60.61%, occurring on Nov 20, 2008. Recovery took 557 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.61%Nov 2008 | 1y 1mo | 2y 2mo | 3y 4moOct 2007 - Feb 2011 |
COVID crash2020 | -41.45%Mar 2020 | 1mo 27d | 7mo 21d | 9mo 18dJan 2020 - Nov 2020 |
2011 bear market2011 | -29.92%Oct 2011 | 6mo | 1y 4mo | 1y 10moApr 2011 - Feb 2013 |
Rate-hike selloffLate 2018 | -27.52%Dec 2018 | 5mo 7d | 12mo | 1y 5moJul 2018 - Dec 2019 |
Bear market2022 | -25.75%Jun 2022 | 7mo 1d | 2y 1mo | 2y 8moNov 2021 - Jul 2024 |
Drawdown Indicators
| RIVSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -56.78% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -9.10% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -18.90% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.75% | -25.43% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.45% | -33.92% | -7.53% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -10.71% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.03% | +0.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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