ICMBX vs. OXSQ

Last updated Apr 2, 2026

Compare and contrast key facts about Intrepid Capital Fund (ICMBX) and Oxford Square Capital Corp. (OXSQ).

ICMBX is managed by Intrepid Funds. It was launched on Jan 2, 2005.

Performance

ICMBX vs. OXSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Intrepid Capital Fund (ICMBX) and Oxford Square Capital Corp. (OXSQ). The values are adjusted to include any dividend payments, if applicable.

ICMBX vs. OXSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ICMBX Intrepid Capital Fund	-1.78%	13.45%	15.40%	14.18%	-12.44%	12.85%	9.18%	6.45%	-12.65%
OXSQ Oxford Square Capital Corp.	6.44%	-13.32%	-1.86%	7.92%	-14.37%	47.13%	-32.37%	-4.32%	16.80%

Returns By Period

In the year-to-date period, ICMBX achieves a -1.78% return, which is significantly lower than OXSQ's 6.44% return.

ICMBX

• 1D: 0.73%
• 1M: -5.42%
• YTD: -1.78%
• 6M: 0.29%
• 1Y: 11.53%
• 3Y*: 12.24%
• 5Y*: 6.39%
• 10Y*: 5.72%

OXSQ

• 1D: 0.00%
• 1M: -0.76%
• YTD: 6.44%
• 6M: 24.60%
• 1Y: -16.39%
• 3Y*: -2.20%
• 5Y*: -4.45%
• 10Y*: —

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

Return for Risk

ICMBX vs. OXSQ — Risk / Return Rank

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

ICMBX

ICMBX Risk / Return Rank: 56
ICMBX Sharpe Ratio Rank: 53
ICMBX Sortino Ratio Rank: 55
ICMBX Omega Ratio Rank: 50
ICMBX Calmar Ratio Rank: 57
ICMBX Martin Ratio Rank: 64

OXSQ

OXSQ Risk / Return Rank: 20
OXSQ Sharpe Ratio Rank: 17
OXSQ Sortino Ratio Rank: 17
OXSQ Omega Ratio Rank: 17
OXSQ Calmar Ratio Rank: 25
OXSQ Martin Ratio Rank: 23

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.

ICMBX vs. OXSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Intrepid Capital Fund (ICMBX) and Oxford Square Capital Corp. (OXSQ). 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.

	ICMBX	OXSQ	Difference
Sharpe ratio Return per unit of total volatility	1.08	-0.54	+1.61
Sortino ratio Return per unit of downside risk	1.60	-0.62	+2.22
Omega ratio Gain probability vs. loss probability	1.22	0.92	+0.30
Calmar ratio Return relative to maximum drawdown	1.52	-0.49	+2.02
Martin ratio Return relative to average drawdown	6.67	-1.02	+7.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICMBX vs. OXSQ - Sharpe Ratio Comparison

The current ICMBX Sharpe Ratio is 1.08, which is higher than the OXSQ Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of ICMBX and OXSQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICMBX	OXSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	-0.54	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	-0.18	+0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	-0.03	+0.56

Correlation

The correlation between ICMBX and OXSQ is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ICMBX vs. OXSQ - Dividend Comparison

ICMBX's dividend yield for the trailing twelve months is around 0.98%, less than OXSQ's 23.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICMBX Intrepid Capital Fund	0.98%	2.15%	2.96%	4.14%	1.82%	2.10%	1.68%	5.47%	3.48%	2.96%	3.64%	2.19%
OXSQ Oxford Square Capital Corp.	23.73%	23.86%	17.21%	17.66%	13.46%	10.29%	20.07%	14.76%	9.27%	0.00%	0.00%	0.00%

Drawdowns

ICMBX vs. OXSQ - Drawdown Comparison

The maximum ICMBX drawdown since its inception was -33.71%, smaller than the maximum OXSQ drawdown of -67.11%. Use the drawdown chart below to compare losses from any high point for ICMBX and OXSQ.

Drawdown Indicators

	ICMBX	OXSQ	Difference
Max Drawdown Largest peak-to-trough decline	-33.71%	-67.11%	+33.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-34.58%	+26.15%
Max Drawdown (5Y) Largest decline over 5 years	-17.76%	-43.86%	+26.10%
Max Drawdown (10Y) Largest decline over 10 years	-33.71%	—	—
Current Drawdown Current decline from peak	-5.87%	-30.82%	+24.95%
Average Drawdown Average peak-to-trough decline	-4.56%	-20.81%	+16.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	16.71%	-14.78%

Volatility

ICMBX vs. OXSQ - Volatility Comparison

The current volatility for Intrepid Capital Fund (ICMBX) is 2.95%, while Oxford Square Capital Corp. (OXSQ) has a volatility of 7.16%. This indicates that ICMBX experiences smaller price fluctuations and is considered to be less risky than OXSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICMBX	OXSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	7.16%	-4.21%
Volatility (6M) Calculated over the trailing 6-month period	6.54%	23.72%	-17.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	30.61%	-19.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	24.60%	-13.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.28%	34.55%	-23.27%