INDEX vs. OAKLX
Compare and contrast key facts about Index Funds S&P 500 Equal Weight (INDEX) and Oakmark Select Fund (OAKLX).
INDEX is managed by Fidelity. It was launched on Mar 9, 2017. OAKLX is managed by Oakmark. It was launched on Nov 1, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INDEX or OAKLX.
Correlation
The correlation between INDEX and OAKLX is 0.88, 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.
Performance
INDEX vs. OAKLX - Performance Comparison
Key characteristics
INDEX:
2.11
OAKLX:
1.61
INDEX:
2.81
OAKLX:
2.29
INDEX:
1.39
OAKLX:
1.29
INDEX:
3.24
OAKLX:
2.86
INDEX:
13.00
OAKLX:
6.65
INDEX:
2.09%
OAKLX:
3.51%
INDEX:
12.87%
OAKLX:
14.51%
INDEX:
-38.82%
OAKLX:
-65.99%
INDEX:
-2.03%
OAKLX:
-3.07%
Returns By Period
In the year-to-date period, INDEX achieves a 1.97% return, which is significantly lower than OAKLX's 2.35% return.
INDEX
1.97%
2.25%
8.81%
24.51%
11.30%
N/A
OAKLX
2.35%
3.44%
14.11%
22.85%
13.15%
8.12%
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INDEX vs. OAKLX - Expense Ratio Comparison
INDEX has a 0.25% expense ratio, which is lower than OAKLX's 0.98% expense ratio.
Risk-Adjusted Performance
INDEX vs. OAKLX — Risk-Adjusted Performance Rank
INDEX
OAKLX
INDEX vs. OAKLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Index Funds S&P 500 Equal Weight (INDEX) and Oakmark Select Fund (OAKLX). 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.
Dividends
INDEX vs. OAKLX - Dividend Comparison
INDEX's dividend yield for the trailing twelve months is around 1.31%, more than OAKLX's 0.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
INDEX Index Funds S&P 500 Equal Weight | 1.31% | 1.34% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% |
OAKLX Oakmark Select Fund | 0.30% | 0.31% | 0.51% | 0.31% | 0.04% | 0.00% | 0.67% | 0.18% | 0.28% | 0.94% | 0.30% |
Drawdowns
INDEX vs. OAKLX - Drawdown Comparison
The maximum INDEX drawdown since its inception was -38.82%, smaller than the maximum OAKLX drawdown of -65.99%. Use the drawdown chart below to compare losses from any high point for INDEX and OAKLX. For additional features, visit the drawdowns tool.
Volatility
INDEX vs. OAKLX - Volatility Comparison
Index Funds S&P 500 Equal Weight (INDEX) and Oakmark Select Fund (OAKLX) have volatilities of 5.08% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.