NMKBX vs. DRSVX

Last updated Aug 1, 2026

NMKBX (North Square McKee Bond Fund) and DRSVX (North Square Small Cap Value Fund) are both mutual funds - NMKBX is a Intermediate Core Bond fund managed by North Square, while DRSVX is a Small Cap Value Equities fund managed by North Square. Over the past 5 years, NMKBX returned 0.60%/yr vs 10.57%/yr for DRSVX. Their 0.15 correlation means their historical movements had little consistent relationship. NMKBX charges 0.28%/yr vs 1.28%/yr for DRSVX.

Performance

NMKBX vs. DRSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Square McKee Bond Fund (NMKBX) and North Square Small Cap Value Fund (DRSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NMKBX achieves a -0.33% return, which is significantly lower than DRSVX's 22.81% return.

NMKBX

• 1D: 0.02%
• 1M: -1.00%
• 6M: -0.53%
• YTD: -0.33%
• 1Y: 2.26%
• 3Y*: 4.21%
• 5Y*: 0.60%
• 10Y*: —
• ALL TIME*: 0.56%

DRSVX

• 1D: 0.35%
• 1M: 0.78%
• 6M: 14.89%
• YTD: 22.81%
• 1Y: 36.84%
• 3Y*: 12.76%
• 5Y*: 10.57%
• 10Y*: 9.56%
• ALL TIME*: 9.92%

*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)
DRSVX North Square Small Cap Value Fund	$0.00	$0.00	$0.00
NMKBX North Square McKee Bond Fund	$0.00	$0.00	$0.00

NMKBX vs. DRSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NMKBX North Square McKee Bond Fund	-0.33%	7.26%	1.78%	5.96%	-9.46%	-1.24%	0.10%
DRSVX North Square Small Cap Value Fund	22.81%	7.88%	3.48%	16.49%	-3.94%	31.23%	-0.19%

Correlation

The correlation between NMKBX and DRSVX is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.16
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020	0.15

The correlation between NMKBX and DRSVX shifts across timeframes, from 0.15 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NMKBX vs. DRSVX — Risk / Return Rank

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

NMKBX

NMKBX Risk / Return Rank: 21
NMKBX Sharpe Ratio Rank: 22
NMKBX Sortino Ratio Rank: 21
NMKBX Omega Ratio Rank: 20
NMKBX Calmar Ratio Rank: 24
NMKBX Martin Ratio Rank: 20

DRSVX

DRSVX Risk / Return Rank: 82
DRSVX Sharpe Ratio Rank: 82
DRSVX Sortino Ratio Rank: 82
DRSVX Omega Ratio Rank: 76
DRSVX Calmar Ratio Rank: 88
DRSVX Martin Ratio Rank: 80

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.

NMKBX vs. DRSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square McKee Bond Fund (NMKBX) and North Square Small Cap Value Fund (DRSVX). 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.

	NMKBX	DRSVX	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.98	-1.15
Sortino ratio: Return per unit of downside risk	1.23	2.92	-1.69
Omega ratio: Gain probability vs. loss probability	1.14	1.35	-0.20
Calmar ratio: Return relative to maximum drawdown	1.15	3.29	-2.15
Martin ratio: Return relative to average drawdown	2.90	10.05	-7.15

NMKBX vs. DRSVX - Sharpe Ratio Comparison

The current NMKBX Sharpe Ratio is 0.84, which is lower than the DRSVX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of NMKBX and DRSVX, 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

NMKBX vs. DRSVX - Drawdown Comparison

The maximum NMKBX drawdown since its inception was -14.25%, smaller than the maximum DRSVX drawdown of -54.75%. Use the drawdown chart below to compare losses from any high point for NMKBX and DRSVX.

Drawdown Indicators

	NMKBX	DRSVX	Difference
Max Drawdown Largest peak-to-trough decline	-14.25%	-54.75%	+40.50%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-9.82%	+7.13%
Max Drawdown (3Y) Largest decline over 3 years	-5.45%	-25.81%	+20.36%
Max Drawdown (5Y) Largest decline over 5 years	-14.25%	-25.81%	+11.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.46%	—
Current Drawdown Current decline from peak	-2.14%	-0.94%	-1.20%
Average Drawdown Average peak-to-trough decline	-4.44%	-7.85%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	3.22%	-2.16%

Volatility

NMKBX vs. DRSVX - Volatility Comparison

The current volatility for North Square McKee Bond Fund (NMKBX) is 0.97%, while North Square Small Cap Value Fund (DRSVX) has a volatility of 3.27%. This indicates that NMKBX experiences smaller price fluctuations and is considered to be less risky than DRSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMKBX	DRSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	3.27%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	10.87%	-7.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	16.36%	-12.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.46%	20.74%	-15.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	23.23%	-18.03%

NMKBX vs. DRSVX - Expense Ratio Comparison

NMKBX has a 0.28% expense ratio, which is lower than DRSVX's 1.28% expense ratio.

Dividends

NMKBX vs. DRSVX - Dividend Comparison

NMKBX's dividend yield for the trailing twelve months is around 4.28%, more than DRSVX's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRSVX North Square Small Cap Value Fund	0.79%	0.97%	25.59%	11.12%	11.47%	15.14%	0.77%	3.45%	9.93%	3.39%	2.55%	13.22%
NMKBX North Square McKee Bond Fund	4.28%	4.25%	4.19%	3.54%	2.12%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NMKBX and DRSVX in my portfolio?

NMKBX and DRSVX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NMKBX or DRSVX?

DRSVX has higher volatility (3.27%) compared to NMKBX (0.97%). In terms of maximum drawdown, NMKBX dropped -14.25% vs DRSVX's -54.75%.

Which has better risk-adjusted returns?

DRSVX currently has the higher Sharpe Ratio (1.98 vs 0.84), 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.