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LSOFX vs. BIVIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

LSOFX vs. BIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LS Opportunity Fund - Institutional Class (LSOFX) and Invenomic Fund Institutional Class (BIVIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LSOFX achieves a 1.37% return, which is significantly higher than BIVIX's -19.49% return.


LSOFX

1D
0.35%
1M
-1.69%
YTD
1.37%
6M
0.81%
1Y
4.18%
3Y*
6.94%
5Y*
5.32%
10Y*
6.85%

BIVIX

1D
-2.60%
1M
-8.18%
YTD
-19.49%
6M
-17.30%
1Y
-13.26%
3Y*
-6.87%
5Y*
9.28%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

LSOFX vs. BIVIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
LSOFX
LS Opportunity Fund - Institutional Class
1.37%3.85%8.28%11.00%-3.12%12.42%4.35%18.31%-3.57%6.66%
BIVIX
Invenomic Fund Institutional Class
-19.49%4.63%-8.81%16.80%50.01%63.81%11.46%11.59%3.68%8.93%

Correlation

The correlation between LSOFX and BIVIX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2017

0.21

The correlation between LSOFX and BIVIX shifts across timeframes, from -0.03 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

LSOFX vs. BIVIX — Risk / Return Rank

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

LSOFX
LSOFX Risk / Return Rank: 77
Overall Rank
LSOFX Sharpe Ratio Rank: 77
Sharpe Ratio Rank
LSOFX Sortino Ratio Rank: 77
Sortino Ratio Rank
LSOFX Omega Ratio Rank: 66
Omega Ratio Rank
LSOFX Calmar Ratio Rank: 99
Calmar Ratio Rank
LSOFX Martin Ratio Rank: 88
Martin Ratio Rank

BIVIX
BIVIX Risk / Return Rank: 11
Overall Rank
BIVIX Sharpe Ratio Rank: 11
Sharpe Ratio Rank
BIVIX Sortino Ratio Rank: 11
Sortino Ratio Rank
BIVIX Omega Ratio Rank: 11
Omega Ratio Rank
BIVIX Calmar Ratio Rank: 11
Calmar Ratio Rank
BIVIX Martin Ratio Rank: 00
Martin Ratio Rank
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.

LSOFX vs. BIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LS Opportunity Fund - Institutional Class (LSOFX) and Invenomic Fund Institutional Class (BIVIX). 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.


LSOFXBIVIXDifference
Sharpe ratioReturn per unit of total volatility

+1.06

Sortino ratioReturn per unit of downside risk

+1.47

Omega ratioGain probability vs. loss probability

1.10

0.93

+0.17

Calmar ratioReturn relative to maximum drawdown

0.79

-0.55

+1.35

Martin ratioReturn relative to average drawdown

2.19

-1.54

+3.73

LSOFX vs. BIVIX - Sharpe Ratio Comparison

The current LSOFX Sharpe Ratio is 0.54, which is higher than the BIVIX Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of LSOFX and BIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

LSOFX vs. BIVIX - Drawdown Comparison

The maximum LSOFX drawdown since its inception was -22.05%, smaller than the maximum BIVIX drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for LSOFX and BIVIX.


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Drawdown Indicators


LSOFXBIVIXDifference

Max Drawdown

Largest peak-to-trough decline

-22.05%

-24.56%

+2.51%

Max Drawdown (1Y)

Largest decline over 1 year

-5.36%

-24.56%

+19.20%

Max Drawdown (3Y)

Largest decline over 3 years

-10.43%

-24.56%

+14.13%

Max Drawdown (5Y)

Largest decline over 5 years

-13.00%

-24.56%

+11.56%

Max Drawdown (10Y)

Largest decline over 10 years

-22.05%

Current Drawdown

Current decline from peak

-2.11%

-24.56%

+22.45%

Average Drawdown

Average peak-to-trough decline

-3.32%

-5.95%

+2.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

8.85%

-6.91%

Volatility

LSOFX vs. BIVIX - Volatility Comparison

The current volatility for LS Opportunity Fund - Institutional Class (LSOFX) is 2.27%, while Invenomic Fund Institutional Class (BIVIX) has a volatility of 12.23%. This indicates that LSOFX experiences smaller price fluctuations and is considered to be less risky than BIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


LSOFXBIVIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.27%

12.23%

-9.96%

Volatility (6M)

Calculated over the trailing 6-month period

5.86%

22.13%

-16.27%

Volatility (1Y)

Calculated over the trailing 1-year period

7.85%

26.07%

-18.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.79%

17.16%

-7.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.26%

17.37%

-7.11%

LSOFX vs. BIVIX - Expense Ratio Comparison

LSOFX has a 1.95% expense ratio, which is lower than BIVIX's 3.17% expense ratio.


Dividends

LSOFX vs. BIVIX - Dividend Comparison

LSOFX's dividend yield for the trailing twelve months is around 33.12%, more than BIVIX's 2.73% yield.


PositionTTM20252024202320222021202020192018201720162015
BIVIX
Invenomic Fund Institutional Class
2.73%2.20%3.95%20.15%27.91%16.08%3.15%3.19%4.79%1.21%0.00%0.00%
LSOFX
LS Opportunity Fund - Institutional Class
33.12%4.81%0.98%0.00%5.27%4.35%1.28%2.35%2.71%3.91%0.00%6.74%

Frequently Asked Questions


LSOFX and BIVIX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BIVIX has higher volatility (12.23%) compared to LSOFX (2.27%). In terms of maximum drawdown, LSOFX dropped -22.05% vs BIVIX's -24.56%.

LSOFX currently has the higher Sharpe Ratio (0.54 vs -0.52), 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.

Portfolio Optimizer

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