MPGVX vs. OANIX

Last updated Jun 26, 2026

MPGVX (Mondrian Global Equity Value Fund) and OANIX (Oakmark International Fund Institutional Class) are both mutual funds - MPGVX is a Global Equities fund managed by Mondrian, while OANIX is a Foreign Large Cap Equities fund actively managed by Oakmark. Over the past 5 years, MPGVX returned 8.26%/yr vs 3.73%/yr for OANIX. A 0.79 correlation means they provide meaningful diversification when combined. MPGVX charges 0.74%/yr vs 0.82%/yr for OANIX.

Performance

MPGVX vs. OANIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mondrian Global Equity Value Fund (MPGVX) and Oakmark International Fund Institutional Class (OANIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPGVX achieves a 2.72% return, which is significantly higher than OANIX's -0.03% return.

MPGVX

• 1D: 0.36%
• 1M: -1.42%
• YTD: 2.72%
• 6M: 2.39%
• 1Y: 15.83%
• 3Y*: 14.64%
• 5Y*: 8.26%
• 10Y*: —

OANIX

• 1D: 0.56%
• 1M: -0.25%
• YTD: -0.03%
• 6M: 0.34%
• 1Y: 11.46%
• 3Y*: 9.45%
• 5Y*: 3.73%
• 10Y*: —

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

MPGVX vs. OANIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MPGVX Mondrian Global Equity Value Fund	2.72%	28.63%	2.87%	22.43%	-9.49%	10.90%	18.10%
OANIX Oakmark International Fund Institutional Class	-0.03%	32.74%	-4.38%	19.18%	-15.52%	9.28%	37.19%

Correlation

The correlation between MPGVX and OANIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.79

The correlation between MPGVX and OANIX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

MPGVX vs. OANIX — Risk / Return Rank

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

MPGVX

MPGVX Risk / Return Rank: 29
MPGVX Sharpe Ratio Rank: 31
MPGVX Sortino Ratio Rank: 30
MPGVX Omega Ratio Rank: 30
MPGVX Calmar Ratio Rank: 24
MPGVX Martin Ratio Rank: 29

OANIX

OANIX Risk / Return Rank: 11
OANIX Sharpe Ratio Rank: 12
OANIX Sortino Ratio Rank: 12
OANIX Omega Ratio Rank: 12
OANIX Calmar Ratio Rank: 10
OANIX Martin Ratio Rank: 11

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.

MPGVX vs. OANIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mondrian Global Equity Value Fund (MPGVX) and Oakmark International Fund Institutional Class (OANIX). 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.

	MPGVX	OANIX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	0.72	+0.58
Sortino ratio: Return per unit of downside risk	1.88	1.08	+0.80
Omega ratio: Gain probability vs. loss probability	1.23	1.14	+0.10
Calmar ratio: Return relative to maximum drawdown	1.48	0.75	+0.73
Martin ratio: Return relative to average drawdown	5.48	2.31	+3.17

MPGVX vs. OANIX - Sharpe Ratio Comparison

The current MPGVX Sharpe Ratio is 1.30, which is higher than the OANIX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of MPGVX and OANIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MPGVX vs. OANIX - Drawdown Comparison

The maximum MPGVX drawdown since its inception was -22.83%, smaller than the maximum OANIX drawdown of -52.85%. Use the drawdown chart below to compare losses from any high point for MPGVX and OANIX.

Drawdown Indicators

	MPGVX	OANIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.83%	-52.85%	+30.02%
Max Drawdown (1Y) Largest decline over 1 year	-10.43%	-14.34%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-16.33%	-18.67%	+2.34%
Max Drawdown (5Y) Largest decline over 5 years	-22.83%	-35.65%	+12.82%
Current Drawdown Current decline from peak	-3.54%	-5.65%	+2.11%
Average Drawdown Average peak-to-trough decline	-4.10%	-12.53%	+8.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	4.67%	-1.86%

Volatility

MPGVX vs. OANIX - Volatility Comparison

The current volatility for Mondrian Global Equity Value Fund (MPGVX) is 3.90%, while Oakmark International Fund Institutional Class (OANIX) has a volatility of 4.96%. This indicates that MPGVX experiences smaller price fluctuations and is considered to be less risky than OANIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPGVX	OANIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	4.96%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	11.99%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	15.17%	-3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	19.20%	-5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.49%	21.32%	-7.83%

MPGVX vs. OANIX - Expense Ratio Comparison

MPGVX has a 0.74% expense ratio, which is lower than OANIX's 0.82% expense ratio.

Dividends

MPGVX vs. OANIX - Dividend Comparison

MPGVX's dividend yield for the trailing twelve months is around 8.16%, more than OANIX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPGVX Mondrian Global Equity Value Fund	8.16%	8.38%	1.53%	1.80%	2.53%	1.54%	1.61%	0.00%	0.00%	0.00%
OANIX Oakmark International Fund Institutional Class	2.12%	2.12%	2.78%	2.11%	3.31%	1.51%	0.54%	2.01%	7.49%	1.52%

Frequently Asked Questions

Can I hold both MPGVX and OANIX in my portfolio?

MPGVX and OANIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPGVX or OANIX?

OANIX has higher volatility (4.96%) compared to MPGVX (3.90%). In terms of maximum drawdown, MPGVX dropped -22.83% vs OANIX's -52.85%.

Which has better risk-adjusted returns?

MPGVX currently has the higher Sharpe Ratio (1.30 vs 0.72), 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.