ADVNX vs. OAKCX

Last updated Jun 5, 2026

ADVNX (North Square Strategic Income Fund) and OAKCX (Oakmark Bond Fund Investor Class) are both Multisector Bonds funds. Over the past 3 years, ADVNX returned 9.28%/yr vs 4.87%/yr for OAKCX. A 0.73 correlation means they provide meaningful diversification when combined. ADVNX charges 0.90%/yr vs 0.74%/yr for OAKCX.

Performance

ADVNX vs. OAKCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Square Strategic Income Fund (ADVNX) and Oakmark Bond Fund Investor Class (OAKCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVNX achieves a 1.45% return, which is significantly higher than OAKCX's 0.45% return.

ADVNX

• 1D: -0.20%
• 1M: 0.44%
• YTD: 1.45%
• 6M: 1.71%
• 1Y: 6.68%
• 3Y*: 9.28%
• 5Y*: 3.96%
• 10Y*: 4.87%

OAKCX

• 1D: -0.22%
• 1M: 0.23%
• YTD: 0.45%
• 6M: 0.50%
• 1Y: 5.25%
• 3Y*: 4.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADVNX vs. OAKCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ADVNX North Square Strategic Income Fund	1.45%	11.20%	9.71%	5.07%	-6.38%
OAKCX Oakmark Bond Fund Investor Class	0.45%	6.85%	2.90%	5.91%	-9.75%

Correlation

The correlation between ADVNX and OAKCX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.73

The correlation between ADVNX and OAKCX has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.

Return for Risk

ADVNX vs. OAKCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADVNX

ADVNX Risk / Return Rank: 46
ADVNX Sharpe Ratio Rank: 44
ADVNX Sortino Ratio Rank: 47
ADVNX Omega Ratio Rank: 46
ADVNX Calmar Ratio Rank: 55
ADVNX Martin Ratio Rank: 38

OAKCX

OAKCX Risk / Return Rank: 37
OAKCX Sharpe Ratio Rank: 37
OAKCX Sortino Ratio Rank: 40
OAKCX Omega Ratio Rank: 37
OAKCX Calmar Ratio Rank: 38
OAKCX Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADVNX vs. OAKCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square Strategic Income Fund (ADVNX) and Oakmark Bond Fund Investor Class (OAKCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADVNX	OAKCX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.67	+0.23
Sortino ratio: Return per unit of downside risk	2.84	2.52	+0.32
Omega ratio: Gain probability vs. loss probability	1.36	1.31	+0.05
Calmar ratio: Return relative to maximum drawdown	2.78	2.23	+0.55
Martin ratio: Return relative to average drawdown	8.05	6.97	+1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADVNX vs. OAKCX - Sharpe Ratio Comparison

The current ADVNX Sharpe Ratio is 1.90, which is comparable to the OAKCX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of ADVNX and OAKCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADVNX	OAKCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.67	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.24	+1.04

Drawdowns

ADVNX vs. OAKCX - Drawdown Comparison

The maximum ADVNX drawdown since its inception was -11.86%, smaller than the maximum OAKCX drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for ADVNX and OAKCX.

Drawdown Indicators

	ADVNX	OAKCX	Difference
Max Drawdown Largest peak-to-trough decline	-11.86%	-13.38%	+1.52%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-2.63%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-5.22%	-5.56%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	-11.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.86%	—	—
Current Drawdown Current decline from peak	-1.30%	-1.32%	+0.02%
Average Drawdown Average peak-to-trough decline	-1.92%	-4.81%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.84%	+0.05%

Volatility

ADVNX vs. OAKCX - Volatility Comparison

North Square Strategic Income Fund (ADVNX) and Oakmark Bond Fund Investor Class (OAKCX) have volatilities of 1.20% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVNX	OAKCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	1.24%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.56%	2.51%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	3.51%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.24%	5.36%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.76%	5.36%	-1.60%

ADVNX vs. OAKCX - Expense Ratio Comparison

ADVNX has a 0.90% expense ratio, which is higher than OAKCX's 0.74% expense ratio.

Dividends

ADVNX vs. OAKCX - Dividend Comparison

ADVNX's dividend yield for the trailing twelve months is around 4.85%, more than OAKCX's 4.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVNX North Square Strategic Income Fund	4.85%	4.73%	4.02%	4.38%	2.80%	5.23%	6.80%	3.33%	3.92%	4.09%	4.19%	6.30%
OAKCX Oakmark Bond Fund Investor Class	4.60%	3.57%	4.37%	3.62%	2.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADVNX and OAKCX in my portfolio?

ADVNX and OAKCX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVNX or OAKCX?

OAKCX has higher volatility (1.24%) compared to ADVNX (1.20%). In terms of maximum drawdown, ADVNX dropped -11.86% vs OAKCX's -13.38%.

Which has better risk-adjusted returns?

ADVNX currently has the higher Sharpe Ratio (1.90 vs 1.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.