BISAX vs. ONERX

Last updated Jun 24, 2026

BISAX (Brandes International Small Cap Equity Fund) and ONERX (One Rock Fund) are both mutual funds - BISAX is a Foreign Small & Mid Cap Equities fund managed by Brandes, while ONERX is a Large Cap Growth Equities fund managed by Wrona Investment Management. Over the past 5 years, BISAX returned 16.31%/yr vs 33.61%/yr for ONERX. A 0.53 correlation means they provide meaningful diversification when combined. BISAX charges 1.36%/yr vs 1.75%/yr for ONERX.

Performance

BISAX vs. ONERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes International Small Cap Equity Fund (BISAX) and One Rock Fund (ONERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BISAX achieves a -2.34% return, which is significantly lower than ONERX's 69.44% return.

BISAX

• 1D: -1.05%
• 1M: -2.98%
• YTD: -2.34%
• 6M: -2.29%
• 1Y: 9.24%
• 3Y*: 27.71%
• 5Y*: 16.31%
• 10Y*: 10.97%

ONERX

• 1D: 1.89%
• 1M: 13.47%
• YTD: 69.44%
• 6M: 63.57%
• 1Y: 126.87%
• 3Y*: 55.82%
• 5Y*: 33.61%
• 10Y*: —

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

BISAX vs. ONERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BISAX Brandes International Small Cap Equity Fund	-2.34%	45.50%	23.18%	39.03%	-8.68%	18.39%	46.00%
ONERX One Rock Fund	69.44%	49.37%	21.76%	72.41%	-42.06%	45.70%	104.46%

Correlation

The correlation between BISAX and ONERX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Mar 13, 2020	0.53

The correlation between BISAX and ONERX shifts across timeframes, from 0.44 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BISAX vs. ONERX — Risk / Return Rank

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

BISAX

BISAX Risk / Return Rank: 10
BISAX Sharpe Ratio Rank: 10
BISAX Sortino Ratio Rank: 11
BISAX Omega Ratio Rank: 10
BISAX Calmar Ratio Rank: 9
BISAX Martin Ratio Rank: 8

ONERX

ONERX Risk / Return Rank: 89
ONERX Sharpe Ratio Rank: 96
ONERX Sortino Ratio Rank: 74
ONERX Omega Ratio Rank: 77
ONERX Calmar Ratio Rank: 98
ONERX Martin Ratio Rank: 97

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.

BISAX vs. ONERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes International Small Cap Equity Fund (BISAX) and One Rock Fund (ONERX). 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.

	BISAX	ONERX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	3.24	-2.46
Sortino ratio: Return per unit of downside risk	1.22	3.29	-2.06
Omega ratio: Gain probability vs. loss probability	1.14	1.46	-0.32
Calmar ratio: Return relative to maximum drawdown	0.85	7.36	-6.52
Martin ratio: Return relative to average drawdown	2.24	24.94	-22.70

BISAX vs. ONERX - Sharpe Ratio Comparison

The current BISAX Sharpe Ratio is 0.78, which is lower than the ONERX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of BISAX and ONERX, 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

BISAX vs. ONERX - Drawdown Comparison

The maximum BISAX drawdown since its inception was -47.30%, roughly equal to the maximum ONERX drawdown of -47.44%. Use the drawdown chart below to compare losses from any high point for BISAX and ONERX.

Drawdown Indicators

	BISAX	ONERX	Difference
Max Drawdown Largest peak-to-trough decline	-47.30%	-47.44%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-17.63%	+6.00%
Max Drawdown (3Y) Largest decline over 3 years	-11.63%	-47.44%	+35.81%
Max Drawdown (5Y) Largest decline over 5 years	-31.44%	-47.44%	+16.00%
Max Drawdown (10Y) Largest decline over 10 years	-47.30%	—	—
Current Drawdown Current decline from peak	-10.40%	0.00%	-10.40%
Average Drawdown Average peak-to-trough decline	-8.04%	-13.72%	+5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	5.19%	-0.81%

Volatility

BISAX vs. ONERX - Volatility Comparison

The current volatility for Brandes International Small Cap Equity Fund (BISAX) is 3.57%, while One Rock Fund (ONERX) has a volatility of 15.14%. This indicates that BISAX experiences smaller price fluctuations and is considered to be less risky than ONERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BISAX	ONERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	15.14%	-11.57%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	31.89%	-21.48%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	40.14%	-27.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	39.59%	-25.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	38.43%	-24.16%

BISAX vs. ONERX - Expense Ratio Comparison

BISAX has a 1.36% expense ratio, which is lower than ONERX's 1.75% expense ratio.

Dividends

BISAX vs. ONERX - Dividend Comparison

BISAX's dividend yield for the trailing twelve months is around 3.30%, less than ONERX's 14.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BISAX Brandes International Small Cap Equity Fund	3.30%	3.23%	3.06%	2.81%	3.87%	3.46%	0.81%	0.66%	3.88%	8.33%	4.00%	3.44%
ONERX One Rock Fund	14.23%	24.12%	0.00%	0.00%	10.57%	28.88%	18.66%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BISAX and ONERX in my portfolio?

BISAX and ONERX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BISAX or ONERX?

ONERX has higher volatility (15.14%) compared to BISAX (3.57%). In terms of maximum drawdown, BISAX dropped -47.30% vs ONERX's -47.44%.

Which has better risk-adjusted returns?

ONERX currently has the higher Sharpe Ratio (3.24 vs 0.78), 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.