APIUX vs. ADVNX
APIUX (Yorktown Multi-Sector Bond Fund) and ADVNX (North Square Strategic Income Fund) are both Multisector Bonds funds. Over the past 10 years, APIUX returned 3.31%/yr vs 4.86%/yr for ADVNX. A 0.56 correlation means they provide meaningful diversification when combined. APIUX charges 1.17%/yr vs 0.90%/yr for ADVNX.
Performance
APIUX vs. ADVNX - Performance Comparison
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Returns By Period
In the year-to-date period, APIUX achieves a 1.00% return, which is significantly lower than ADVNX's 1.55% return. Over the past 10 years, APIUX has underperformed ADVNX with an annualized return of 3.31%, while ADVNX has yielded a comparatively higher 4.86% annualized return.
APIUX
- 1D
- 0.12%
- 1M
- 0.66%
- YTD
- 1.00%
- 6M
- 1.15%
- 1Y
- 5.05%
- 3Y*
- 6.02%
- 5Y*
- 1.33%
- 10Y*
- 3.31%
ADVNX
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.55%
- 6M
- 1.38%
- 1Y
- 6.78%
- 3Y*
- 9.15%
- 5Y*
- 4.15%
- 10Y*
- 4.86%
APIUX vs. ADVNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APIUX Yorktown Multi-Sector Bond Fund | 1.00% | 6.49% | 5.34% | 7.10% | -12.71% | 3.77% | -1.98% | 15.34% | -6.75% | 10.04% |
ADVNX North Square Strategic Income Fund | 1.55% | 11.20% | 9.71% | 5.07% | -8.43% | 5.32% | 11.67% | 11.04% | -1.98% | 6.07% |
Correlation
The correlation between APIUX and ADVNX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.56 |
The correlation between APIUX and ADVNX shifts across timeframes, from 0.56 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
APIUX vs. ADVNX — Risk / Return Rank
APIUX
ADVNX
APIUX vs. ADVNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Yorktown Multi-Sector Bond Fund (APIUX) and North Square Strategic Income Fund (ADVNX). 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.
| APIUX | ADVNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.69 | -0.09 |
| Martin ratioReturn relative to average drawdown | 10.16 | 7.49 | +2.67 |
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Drawdowns
APIUX vs. ADVNX - Drawdown Comparison
The maximum APIUX drawdown since its inception was -34.31%, which is greater than ADVNX's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for APIUX and ADVNX.
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Drawdown Indicators
| APIUX | ADVNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -11.86% | -22.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.57% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -5.22% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -11.86% | -4.58% |
Max Drawdown (10Y)Largest decline over 10 years | -22.80% | -11.86% | -10.94% |
Current DrawdownCurrent decline from peak | -0.12% | -1.20% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -1.91% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.92% | -0.42% |
Volatility
APIUX vs. ADVNX - Volatility Comparison
Yorktown Multi-Sector Bond Fund (APIUX) has a higher volatility of 0.88% compared to North Square Strategic Income Fund (ADVNX) at 0.78%. This indicates that APIUX's price experiences larger fluctuations and is considered to be riskier than ADVNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APIUX | ADVNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.78% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 2.55% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 3.68% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 4.24% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 3.76% | +1.07% |
APIUX vs. ADVNX - Expense Ratio Comparison
APIUX has a 1.17% expense ratio, which is higher than ADVNX's 0.90% expense ratio.
Dividends
APIUX vs. ADVNX - Dividend Comparison
APIUX's dividend yield for the trailing twelve months is around 4.13%, less than ADVNX's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADVNX North Square Strategic Income Fund | 4.84% | 4.73% | 4.02% | 4.38% | 2.80% | 5.23% | 6.80% | 3.33% | 3.92% | 4.09% | 4.19% | 6.30% |
APIUX Yorktown Multi-Sector Bond Fund | 4.13% | 4.16% | 4.14% | 4.11% | 4.35% | 3.42% | 4.02% | 4.46% | 4.60% | 5.86% | 6.90% | 8.50% |
Frequently Asked Questions
APIUX and ADVNX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APIUX has higher volatility (0.88%) compared to ADVNX (0.78%). In terms of maximum drawdown, APIUX dropped -34.31% vs ADVNX's -11.86%.
APIUX currently has the higher Sharpe Ratio (1.93 vs 1.88), 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.
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