NSIVX vs. ORILX
NSIVX (North Square Altrinsic International Equity Fund) and ORILX (North Square Multi Strategy Fund) are both mutual funds - NSIVX is a Foreign Large Cap Equities fund managed by North Square, while ORILX is a Diversified Portfolio fund managed by North Square. Over the past 5 years, NSIVX returned 8.59%/yr vs 7.51%/yr for ORILX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. NSIVX charges 0.97%/yr vs 0.79%/yr for ORILX.
Performance
NSIVX vs. ORILX - Performance Comparison
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Returns By Period
In the year-to-date period, NSIVX achieves a 10.59% return, which is significantly higher than ORILX's 9.12% return.
NSIVX
- 1D
- 0.61%
- 1M
- 2.08%
- 6M
- 8.42%
- YTD
- 10.59%
- 1Y
- 22.43%
- 3Y*
- 13.92%
- 5Y*
- 8.59%
- 10Y*
- —
- ALL TIME*
- 9.20%
ORILX
- 1D
- 1.10%
- 1M
- -0.26%
- 6M
- 6.84%
- YTD
- 9.12%
- 1Y
- 17.91%
- 3Y*
- 12.80%
- 5Y*
- 7.51%
- 10Y*
- 10.55%
- ALL TIME*
- 6.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NSIVX vs. ORILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NSIVX North Square Altrinsic International Equity Fund | 10.59% | 25.40% | 3.65% | 14.88% | -8.10% | 6.38% | 1.71% |
ORILX North Square Multi Strategy Fund | 9.12% | 12.28% | 12.14% | 18.00% | -16.48% | 21.16% | 3.20% |
Correlation
The correlation between NSIVX and ORILX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.74 |
The correlation between NSIVX and ORILX has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
NSIVX vs. ORILX — Risk / Return Rank
NSIVX
ORILX
NSIVX vs. ORILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Square Altrinsic International Equity Fund (NSIVX) and North Square Multi Strategy Fund (ORILX). 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.
| NSIVX | ORILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.24 | -0.28 |
| Martin ratioReturn relative to average drawdown | 6.45 | 9.17 | -2.72 |
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Drawdowns
NSIVX vs. ORILX - Drawdown Comparison
The maximum NSIVX drawdown since its inception was -25.86%, smaller than the maximum ORILX drawdown of -50.59%. Use the drawdown chart below to compare losses from any high point for NSIVX and ORILX.
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Drawdown Indicators
| NSIVX | ORILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.86% | -50.59% | +24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.83% | -7.30% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -13.73% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -22.71% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.87% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -10.10% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 1.78% | +1.50% |
Volatility
NSIVX vs. ORILX - Volatility Comparison
North Square Altrinsic International Equity Fund (NSIVX) has a higher volatility of 3.23% compared to North Square Multi Strategy Fund (ORILX) at 2.50%. This indicates that NSIVX's price experiences larger fluctuations and is considered to be riskier than ORILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSIVX | ORILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 2.50% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 8.24% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 10.45% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 13.19% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 15.74% | -2.21% |
NSIVX vs. ORILX - Expense Ratio Comparison
NSIVX has a 0.97% expense ratio, which is higher than ORILX's 0.79% expense ratio.
Dividends
NSIVX vs. ORILX - Dividend Comparison
NSIVX's dividend yield for the trailing twelve months is around 9.94%, less than ORILX's 10.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NSIVX North Square Altrinsic International Equity Fund | 9.94% | 11.00% | 5.59% | 1.59% | 1.51% | 1.91% | 0.11% | 0.00% | 0.00% |
ORILX North Square Multi Strategy Fund | 10.53% | 11.49% | 1.96% | 1.15% | 47.95% | 6.08% | 0.00% | 6.54% | 54.03% |
Frequently Asked Questions
NSIVX and ORILX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSIVX has higher volatility (3.23%) compared to ORILX (2.50%). In terms of maximum drawdown, NSIVX dropped -25.86% vs ORILX's -50.59%.
NSIVX currently has the higher Sharpe Ratio (1.75 vs 1.56), 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.
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