BOGSX vs. USMV
BOGSX (Black Oak Emerging Technology Fund) and USMV (iShares MSCI USA Min Vol Factor ETF) are both funds - BOGSX is a Technology Equities fund managed by Oak Associates, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 10 years, BOGSX returned 18.58%/yr vs 9.79%/yr for USMV. A 0.62 correlation means they provide meaningful diversification when combined. BOGSX charges 1.03%/yr vs 0.15%/yr for USMV.
Performance
BOGSX vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, BOGSX achieves a 47.12% return, which is significantly higher than USMV's 1.14% return. Over the past 10 years, BOGSX has outperformed USMV with an annualized return of 18.58%, while USMV has yielded a comparatively lower 9.79% annualized return.
BOGSX
- 1D
- 1.44%
- 1M
- 8.90%
- YTD
- 47.12%
- 6M
- 43.90%
- 1Y
- 63.61%
- 3Y*
- 26.04%
- 5Y*
- 13.70%
- 10Y*
- 18.58%
USMV
- 1D
- 0.29%
- 1M
- -2.10%
- YTD
- 1.14%
- 6M
- 0.51%
- 1Y
- 3.59%
- 3Y*
- 10.93%
- 5Y*
- 7.02%
- 10Y*
- 9.79%
BOGSX vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOGSX Black Oak Emerging Technology Fund | 47.12% | 19.06% | 9.25% | 17.79% | -27.30% | 26.89% | 45.16% | 38.20% | -4.94% | 19.05% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.14% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Correlation
The correlation between BOGSX and USMV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.62 |
Over the past year, the correlation between BOGSX and USMV has dropped to 0.34 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
BOGSX vs. USMV — Risk / Return Rank
BOGSX
USMV
BOGSX vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Black Oak Emerging Technology Fund (BOGSX) and iShares MSCI USA Min Vol Factor ETF (USMV). 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.
| BOGSX | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.08 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 6.03 | 0.56 | +5.47 |
| Martin ratioReturn relative to average drawdown | 19.96 | 1.82 | +18.14 |
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Drawdowns
BOGSX vs. USMV - Drawdown Comparison
The maximum BOGSX drawdown since its inception was -92.80%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for BOGSX and USMV.
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Drawdown Indicators
| BOGSX | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.80% | -33.10% | -59.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -6.46% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -9.36% | -15.42% |
Max Drawdown (5Y)Largest decline over 5 years | -33.93% | -17.93% | -16.00% |
Max Drawdown (10Y)Largest decline over 10 years | -33.93% | -33.10% | -0.83% |
Current DrawdownCurrent decline from peak | 0.00% | -2.63% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -58.84% | -2.87% | -55.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 1.98% | +1.35% |
Volatility
BOGSX vs. USMV - Volatility Comparison
Black Oak Emerging Technology Fund (BOGSX) has a higher volatility of 10.90% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.63%. This indicates that BOGSX's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOGSX | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.90% | 2.63% | +8.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 6.14% | +12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 8.60% | +14.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.55% | 12.35% | +13.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.78% | 14.51% | +10.27% |
BOGSX vs. USMV - Expense Ratio Comparison
BOGSX has a 1.03% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
BOGSX vs. USMV - Dividend Comparison
BOGSX's dividend yield for the trailing twelve months is around 3.92%, more than USMV's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOGSX Black Oak Emerging Technology Fund | 3.92% | 5.76% | 7.96% | 3.79% | 1.87% | 11.31% | 6.30% | 5.47% | 11.71% | 7.71% | 4.00% | 3.09% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.53% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
BOGSX and USMV 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.
BOGSX has higher volatility (10.90%) compared to USMV (2.63%). In terms of maximum drawdown, BOGSX dropped -92.80% vs USMV's -33.10%.
BOGSX currently has the higher Sharpe Ratio (2.85 vs 0.42), 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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