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.
Key characteristics
| INDEX | OAKLX | |
|---|---|---|
| YTD Return | 26.66% | 17.37% |
| 1Y Return | 34.95% | 31.72% |
| 3Y Return (Ann) | 7.65% | 8.17% |
| 5Y Return (Ann) | 13.21% | 14.78% |
| Sharpe Ratio | 3.12 | 2.36 |
| Sortino Ratio | 4.19 | 3.40 |
| Omega Ratio | 1.59 | 1.43 |
| Calmar Ratio | 4.17 | 4.35 |
| Martin Ratio | 20.86 | 10.68 |
| Ulcer Index | 1.86% | 3.32% |
| Daily Std Dev | 12.45% | 15.03% |
| Max Drawdown | -38.82% | -65.99% |
| Current Drawdown | -0.26% | -0.92% |
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
In the year-to-date period, INDEX achieves a 26.66% return, which is significantly higher than OAKLX's 17.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 1.24%, more than OAKLX's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDEX Index Funds S&P 500 Equal Weight | 1.24% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% | 0.00% | 0.00% |
OAKLX Oakmark Select Fund | 0.43% | 0.51% | 0.31% | 0.04% | 0.00% | 0.67% | 0.18% | 0.28% | 0.94% | 0.30% | 0.00% | 0.10% |
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
The current volatility for Index Funds S&P 500 Equal Weight (INDEX) is 3.75%, while Oakmark Select Fund (OAKLX) has a volatility of 5.38%. This indicates that INDEX experiences smaller price fluctuations and is considered to be less risky than OAKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.