BIVIX vs. OASDX

Last updated Jun 4, 2026

BIVIX (Invenomic Fund Institutional Class) and OASDX (Oakhurst Strategic Defined Risk Fund) are both Long-Short funds. At a 0.00 correlation, their price movements are largely independent. BIVIX charges 3.17%/yr vs 1.89%/yr for OASDX.

Performance

BIVIX vs. OASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invenomic Fund Institutional Class (BIVIX) and Oakhurst Strategic Defined Risk Fund (OASDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BIVIX

• 1D: -4.48%
• 1M: -7.81%
• YTD: -13.33%
• 6M: -9.90%
• 1Y: -7.34%
• 3Y*: -4.36%
• 5Y*: 9.18%
• 10Y*: —

OASDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BIVIX vs. OASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIVIX Invenomic Fund Institutional Class	-13.33%	4.63%	-8.81%	16.80%	50.01%	63.81%	11.46%	11.59%	3.68%	8.93%
OASDX Oakhurst Strategic Defined Risk Fund	3.40%	10.94%	18.06%	17.20%	-13.49%	13.03%	8.88%	9.63%	-6.46%	3.60%

Correlation

The correlation between BIVIX and OASDX is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.23
Correlation (5Y) Calculated over the trailing 5-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jun 26, 2017	0.00

The correlation between BIVIX and OASDX shifts across timeframes, from -0.23 (3 years) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BIVIX vs. OASDX — Risk / Return Rank

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

BIVIX

BIVIX Risk / Return Rank: 2
BIVIX Sharpe Ratio Rank: 2
BIVIX Sortino Ratio Rank: 2
BIVIX Omega Ratio Rank: 2
BIVIX Calmar Ratio Rank: 1
BIVIX Martin Ratio Rank: 1

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.

BIVIX vs. OASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund Institutional Class (BIVIX) and Oakhurst Strategic Defined Risk Fund (OASDX). 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.

	BIVIX	OASDX	Difference
Sharpe ratio Return per unit of total volatility	-0.26	—	—
Sortino ratio Return per unit of downside risk	-0.22	—	—
Omega ratio Gain probability vs. loss probability	0.98	—	—
Calmar ratio Return relative to maximum drawdown	-0.31	—	—
Martin ratio Return relative to average drawdown	-0.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BIVIX	OASDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	—	—

Drawdowns

Drawdown Indicators

	BIVIX	OASDX	Difference
Max Drawdown Largest peak-to-trough decline	-20.70%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.70%	—	—
Current Drawdown Current decline from peak	-18.79%	—	—
Average Drawdown Average peak-to-trough decline	-5.89%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	—	—

Volatility

Volatility by Period

	BIVIX	OASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.20%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	—	—

BIVIX vs. OASDX - Expense Ratio Comparison

BIVIX has a 3.17% expense ratio, which is higher than OASDX's 1.89% expense ratio.

Dividends

BIVIX vs. OASDX - Dividend Comparison

BIVIX's dividend yield for the trailing twelve months is around 2.53%, less than OASDX's 24.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIVIX Invenomic Fund Institutional Class	2.53%	2.20%	3.95%	20.15%	27.91%	16.08%	3.15%	3.19%	4.79%	1.21%
OASDX Oakhurst Strategic Defined Risk Fund	24.94%	8.80%	12.01%	3.28%	5.59%	5.20%	0.00%	2.35%	1.74%	0.92%

Frequently Asked Questions

Can I hold both BIVIX and OASDX in my portfolio?

BIVIX and OASDX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.