NEFOX vs. NEFSX

Last updated Aug 1, 2026

NEFOX (Natixis Funds Trust II Oakmark Fund) and NEFSX (Natixis Funds Trust I U.S. Equity Opportunities Fund) are both mutual funds - NEFOX is a Large Cap Value Equities fund managed by Natixis, while NEFSX is a Large Cap Growth Equities fund managed by Natixis. Over the past 10 years, NEFOX returned 13.84%/yr vs 14.54%/yr for NEFSX. Their correlation of 0.90 means they have usually moved in the same direction. NEFOX charges 1.05%/yr vs 1.14%/yr for NEFSX.

Performance

NEFOX vs. NEFSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Funds Trust II Oakmark Fund (NEFOX) and Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEFOX achieves a 6.49% return, which is significantly higher than NEFSX's 0.61% return. Over the past 10 years, NEFOX has underperformed NEFSX with an annualized return of 13.84%, while NEFSX has yielded a comparatively higher 14.54% annualized return.

NEFOX

• 1D: -0.34%
• 1M: 3.21%
• 6M: 6.38%
• YTD: 6.49%
• 1Y: 14.77%
• 3Y*: 14.34%
• 5Y*: 11.25%
• 10Y*: 13.84%
• ALL TIME*: 6.31%

NEFSX

• 1D: 0.02%
• 1M: 0.35%
• 6M: 1.03%
• YTD: 0.61%
• 1Y: 7.46%
• 3Y*: 15.79%
• 5Y*: 10.55%
• 10Y*: 14.54%
• ALL TIME*: 11.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NEFOX Natixis Funds Trust II Oakmark Fund	$0.00	$0.00	$0.00
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	$0.00	$0.00	$0.00

NEFOX vs. NEFSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEFOX Natixis Funds Trust II Oakmark Fund	6.49%	14.77%	15.71%	30.96%	-13.02%	33.94%	13.08%	26.76%	-13.01%	20.76%
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	0.61%	17.23%	25.79%	37.13%	-21.15%	23.21%	22.12%	31.08%	-6.67%	26.28%

Correlation

The correlation between NEFOX and NEFSX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jul 7, 1994	0.90

The correlation between NEFOX and NEFSX shifts across timeframes, from 0.81 (1 year) to 0.91 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

NEFOX vs. NEFSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NEFOX

NEFOX Risk / Return Rank: 44
NEFOX Sharpe Ratio Rank: 37
NEFOX Sortino Ratio Rank: 39
NEFOX Omega Ratio Rank: 34
NEFOX Calmar Ratio Rank: 69
NEFOX Martin Ratio Rank: 39

NEFSX

NEFSX Risk / Return Rank: 15
NEFSX Sharpe Ratio Rank: 15
NEFSX Sortino Ratio Rank: 15
NEFSX Omega Ratio Rank: 15
NEFSX Calmar Ratio Rank: 15
NEFSX Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NEFOX vs. NEFSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Funds Trust II Oakmark Fund (NEFOX) and Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX). 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.

	NEFOX	NEFSX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.60	+0.53
Sortino ratio: Return per unit of downside risk	1.72	0.91	+0.80
Omega ratio: Gain probability vs. loss probability	1.20	1.11	+0.09
Calmar ratio: Return relative to maximum drawdown	2.26	0.73	+1.52
Martin ratio: Return relative to average drawdown	5.63	2.21	+3.42

NEFOX vs. NEFSX - Sharpe Ratio Comparison

The current NEFOX Sharpe Ratio is 1.13, which is higher than the NEFSX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of NEFOX and NEFSX, 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

NEFOX vs. NEFSX - Drawdown Comparison

The maximum NEFOX drawdown since its inception was -62.35%, which is greater than NEFSX's maximum drawdown of -55.83%. Use the drawdown chart below to compare losses from any high point for NEFOX and NEFSX.

Drawdown Indicators

	NEFOX	NEFSX	Difference
Max Drawdown Largest peak-to-trough decline	-62.35%	-55.83%	-6.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-11.20%	+4.13%
Max Drawdown (3Y) Largest decline over 3 years	-17.25%	-19.58%	+2.33%
Max Drawdown (5Y) Largest decline over 5 years	-23.56%	-30.08%	+6.52%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	-32.27%	-8.74%
Current Drawdown Current decline from peak	-0.46%	-1.33%	+0.87%
Average Drawdown Average peak-to-trough decline	-12.45%	-11.70%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.46%	-0.75%

Volatility

NEFOX vs. NEFSX - Volatility Comparison

Natixis Funds Trust II Oakmark Fund (NEFOX) has a higher volatility of 4.73% compared to Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX) at 4.14%. This indicates that NEFOX's price experiences larger fluctuations and is considered to be riskier than NEFSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEFOX	NEFSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	4.14%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	10.40%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	13.68%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	19.64%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.76%	19.66%	+1.10%

NEFOX vs. NEFSX - Expense Ratio Comparison

NEFOX has a 1.05% expense ratio, which is lower than NEFSX's 1.14% expense ratio.

Dividends

NEFOX vs. NEFSX - Dividend Comparison

NEFOX's dividend yield for the trailing twelve months is around 9.52%, more than NEFSX's 9.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEFOX Natixis Funds Trust II Oakmark Fund	9.52%	7.14%	6.85%	3.62%	17.00%	7.02%	9.21%	9.34%	10.83%	4.19%	3.66%	4.01%
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	9.25%	5.92%	6.38%	8.13%	18.10%	11.12%	13.07%	10.85%	11.18%	3.55%	1.88%	5.09%

Frequently Asked Questions

Can I hold both NEFOX and NEFSX in my portfolio?

NEFOX and NEFSX 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, NEFOX or NEFSX?

NEFOX has higher volatility (4.73%) compared to NEFSX (4.14%). In terms of maximum drawdown, NEFOX dropped -62.35% vs NEFSX's -55.83%.

Which has better risk-adjusted returns?

NEFOX currently has the higher Sharpe Ratio (1.13 vs 0.60), 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.