ADVNX vs. ORIGX

Last updated Aug 1, 2026

ADVNX (North Square Strategic Income Fund) and ORIGX (North Square Spectrum Alpha Fund) are both mutual funds - ADVNX is a Multisector Bonds fund managed by North Square, while ORIGX is a Small Cap Growth Equities fund managed by North Square. Over the past 10 years, ADVNX returned 4.58%/yr vs 9.92%/yr for ORIGX. Their 0.31 correlation means their historical movements had little consistent relationship. ADVNX charges 0.90%/yr vs 1.60%/yr for ORIGX.

Performance

ADVNX vs. ORIGX - Performance Comparison

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

Returns By Period

In the year-to-date period, ADVNX achieves a 0.57% return, which is significantly lower than ORIGX's 21.51% return. Over the past 10 years, ADVNX has underperformed ORIGX with an annualized return of 4.58%, while ORIGX has yielded a comparatively higher 9.92% annualized return.

ADVNX

• 1D: -0.04%
• 1M: -0.95%
• 6M: -0.90%
• YTD: 0.57%
• 1Y: 4.91%
• 3Y*: 8.14%
• 5Y*: 3.66%
• 10Y*: 4.58%
• ALL TIME*: 4.51%

ORIGX

• 1D: 0.83%
• 1M: -0.91%
• 6M: 15.87%
• YTD: 21.51%
• 1Y: 36.47%
• 3Y*: 17.81%
• 5Y*: 7.02%
• 10Y*: 9.92%
• ALL TIME*: 9.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADVNX North Square Strategic Income Fund	$0.00	$0.00	$0.00
ORIGX North Square Spectrum Alpha Fund	$0.00	$0.00	$0.00

ADVNX vs. ORIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADVNX North Square Strategic Income Fund	0.57%	11.20%	9.71%	5.07%	-8.43%	5.32%	11.67%	11.04%	-1.98%	6.07%
ORIGX North Square Spectrum Alpha Fund	21.51%	9.45%	15.06%	24.70%	-27.57%	10.38%	29.92%	22.34%	-7.09%	18.20%

Correlation

The correlation between ADVNX and ORIGX is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (3Y) Balances recent behavior with more history.	0.24
Correlation (5Y) Shows whether the relationship held over a longer period.	0.30
Correlation (10Y) Provides a long-term view across more market conditions.	0.30
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.31

The correlation between ADVNX and ORIGX shifts across timeframes, from 0.24 (3 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ADVNX vs. ORIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ADVNX

ADVNX Risk / Return Rank: 67
ADVNX Sharpe Ratio Rank: 73
ADVNX Sortino Ratio Rank: 75
ADVNX Omega Ratio Rank: 75
ADVNX Calmar Ratio Rank: 72
ADVNX Martin Ratio Rank: 39

ORIGX

ORIGX Risk / Return Rank: 80
ORIGX Sharpe Ratio Rank: 77
ORIGX Sortino Ratio Rank: 77
ORIGX Omega Ratio Rank: 72
ORIGX Calmar Ratio Rank: 91
ORIGX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ADVNX vs. ORIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square Strategic Income Fund (ADVNX) and North Square Spectrum Alpha Fund (ORIGX). 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.

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.

	ADVNX	ORIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.83	-0.10
Sortino ratio: Return per unit of downside risk	2.60	2.66	-0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	2.39	3.46	-1.07
Martin ratio: Return relative to average drawdown	5.79	10.72	-4.93

ADVNX vs. ORIGX - Sharpe Ratio Comparison

The current ADVNX Sharpe Ratio is 1.73, which is comparable to the ORIGX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of ADVNX and ORIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADVNX vs. ORIGX - Drawdown Comparison

The maximum ADVNX drawdown since its inception was -11.86%, smaller than the maximum ORIGX drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for ADVNX and ORIGX.

Drawdown Indicators

	ADVNX	ORIGX	Difference
Max Drawdown Largest peak-to-trough decline	-11.86%	-49.06%	+37.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-9.55%	+6.98%
Max Drawdown (3Y) Largest decline over 3 years	-5.12%	-26.25%	+21.13%
Max Drawdown (5Y) Largest decline over 5 years	-11.86%	-38.60%	+26.74%
Max Drawdown (10Y) Largest decline over 10 years	-11.86%	-39.38%	+27.52%
Current Drawdown Current decline from peak	-2.16%	-2.24%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.91%	-10.76%	+8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	3.07%	-2.01%

Volatility

ADVNX vs. ORIGX - Volatility Comparison

The current volatility for North Square Strategic Income Fund (ADVNX) is 0.67%, while North Square Spectrum Alpha Fund (ORIGX) has a volatility of 3.87%. This indicates that ADVNX experiences smaller price fluctuations and is considered to be less risky than ORIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVNX	ORIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	3.87%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	13.06%	-10.56%
Volatility (1Y) Calculated over the trailing 1-year period	3.57%	18.06%	-14.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	21.85%	-17.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.77%	21.52%	-17.75%

ADVNX vs. ORIGX - Expense Ratio Comparison

ADVNX has a 0.90% expense ratio, which is lower than ORIGX's 1.60% expense ratio.

Dividends

ADVNX vs. ORIGX - Dividend Comparison

ADVNX's dividend yield for the trailing twelve months is around 4.90%, more than ORIGX's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVNX North Square Strategic Income Fund	4.90%	4.73%	4.02%	4.38%	2.80%	5.23%	6.80%	3.33%	3.92%	4.09%	4.19%	6.30%
ORIGX North Square Spectrum Alpha Fund	0.48%	0.00%	0.00%	0.00%	78.80%	15.09%	12.73%	16.48%	20.15%	146.42%	6.54%	6.73%

Frequently Asked Questions

Can I hold both ADVNX and ORIGX in my portfolio?

ADVNX and ORIGX have a correlation of 0.34, 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 ORIGX?

ORIGX has higher volatility (3.87%) compared to ADVNX (0.67%). In terms of maximum drawdown, ADVNX dropped -11.86% vs ORIGX's -49.06%.

Which has better risk-adjusted returns?

ORIGX currently has the higher Sharpe Ratio (1.83 vs 1.73), 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.