HLMSX vs. OAKEX
Compare and contrast key facts about Harding Loevner International Small Companies Portfolio (HLMSX) and Oakmark International Small Cap Fund (OAKEX).
HLMSX is managed by Harding Loevner. It was launched on Mar 25, 2007. OAKEX is managed by Oakmark. It was launched on Oct 31, 1995.
Performance
HLMSX vs. OAKEX - Performance Comparison
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HLMSX vs. OAKEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLMSX Harding Loevner International Small Companies Portfolio | -3.25% | 14.87% | -6.92% | 11.78% | -24.50% | 12.82% | 18.51% | 29.45% | -17.65% | 34.42% |
OAKEX Oakmark International Small Cap Fund | -8.12% | 29.51% | -3.00% | 19.59% | -14.50% | 17.90% | 5.00% | 31.91% | -23.71% | 26.03% |
Returns By Period
In the year-to-date period, HLMSX achieves a -3.25% return, which is significantly higher than OAKEX's -8.12% return. Over the past 10 years, HLMSX has underperformed OAKEX with an annualized return of 5.40%, while OAKEX has yielded a comparatively higher 7.23% annualized return.
HLMSX
- 1D
- 2.21%
- 1M
- -5.44%
- YTD
- -3.25%
- 6M
- -5.18%
- 1Y
- 8.56%
- 3Y*
- 3.59%
- 5Y*
- -0.47%
- 10Y*
- 5.40%
OAKEX
- 1D
- 2.49%
- 1M
- -8.66%
- YTD
- -8.12%
- 6M
- -6.97%
- 1Y
- 9.88%
- 3Y*
- 9.01%
- 5Y*
- 4.30%
- 10Y*
- 7.23%
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HLMSX vs. OAKEX - Expense Ratio Comparison
HLMSX has a 1.37% expense ratio, which is higher than OAKEX's 1.34% expense ratio.
Return for Risk
HLMSX vs. OAKEX — Risk / Return Rank
HLMSX
OAKEX
HLMSX vs. OAKEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harding Loevner International Small Companies Portfolio (HLMSX) and Oakmark International Small Cap Fund (OAKEX). 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.
| HLMSX | OAKEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.60 | +0.07 |
Sortino ratioReturn per unit of downside risk | 0.96 | 0.91 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.45 | +0.27 |
Martin ratioReturn relative to average drawdown | 1.83 | 1.55 | +0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLMSX | OAKEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.60 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.25 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.39 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.42 | -0.08 |
Correlation
The correlation between HLMSX and OAKEX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HLMSX vs. OAKEX - Dividend Comparison
HLMSX's dividend yield for the trailing twelve months is around 4.17%, less than OAKEX's 5.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMSX Harding Loevner International Small Companies Portfolio | 4.17% | 4.04% | 1.17% | 1.00% | 1.83% | 2.82% | 0.03% | 0.52% | 7.56% | 1.13% | 4.37% | 1.54% |
OAKEX Oakmark International Small Cap Fund | 5.71% | 5.24% | 6.38% | 1.83% | 1.89% | 0.61% | 1.87% | 0.21% | 8.93% | 3.64% | 3.09% | 5.06% |
Drawdowns
HLMSX vs. OAKEX - Drawdown Comparison
The maximum HLMSX drawdown since its inception was -60.77%, smaller than the maximum OAKEX drawdown of -70.12%. Use the drawdown chart below to compare losses from any high point for HLMSX and OAKEX.
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Drawdown Indicators
| HLMSX | OAKEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.77% | -70.12% | +9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -17.18% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -38.22% | -38.40% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.22% | -49.61% | +11.39% |
Current DrawdownCurrent decline from peak | -17.42% | -12.85% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -13.53% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 4.98% | -0.79% |
Volatility
HLMSX vs. OAKEX - Volatility Comparison
The current volatility for Harding Loevner International Small Companies Portfolio (HLMSX) is 5.45%, while Oakmark International Small Cap Fund (OAKEX) has a volatility of 6.45%. This indicates that HLMSX experiences smaller price fluctuations and is considered to be less risky than OAKEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLMSX | OAKEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 6.45% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 10.96% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 16.66% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 17.61% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 18.60% | -3.72% |