NSOIX vs. WSCVX

Last updated Aug 5, 2026

NSOIX (North Star Opportunity Fund) and WSCVX (North Star Small Cap Value Fund) are both mutual funds - NSOIX is a Diversified Portfolio fund managed by North Star, while WSCVX is a Small Cap Value Equities fund managed by North Star. Over the past year, NSOIX returned 24.65% vs 39.31% for WSCVX. Their correlation of 0.81 means they have usually moved in the same direction. NSOIX charges 1.30%/yr vs 1.21%/yr for WSCVX.

Performance

NSOIX vs. WSCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Star Opportunity Fund (NSOIX) and North Star Small Cap Value Fund (WSCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSOIX achieves a 11.30% return, which is significantly lower than WSCVX's 25.81% return.

NSOIX

• 1D: 1.10%
• 1M: 1.51%
• 6M: 10.52%
• YTD: 11.30%
• 1Y: 24.65%
• 3Y*: 12.64%
• 5Y*: 5.05%
• 10Y*: 8.85%
• ALL TIME*: 9.18%

WSCVX

• 1D: 1.79%
• 1M: -0.87%
• 6M: 15.89%
• YTD: 25.81%
• 1Y: 39.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.98%

*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)
NSOIX North Star Opportunity Fund	$0.00	$0.00	$0.00
WSCVX North Star Small Cap Value Fund	$0.00	$0.00	$0.00

NSOIX vs. WSCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NSOIX North Star Opportunity Fund	11.30%	12.60%	10.84%	6.54%
WSCVX North Star Small Cap Value Fund	25.81%	13.80%	29.11%	7.98%

Correlation

The correlation between NSOIX and WSCVX is 0.78, 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.	0.78
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023	0.81

The correlation between NSOIX and WSCVX has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

Return for Risk

NSOIX vs. WSCVX — Risk / Return Rank

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

NSOIX

NSOIX Risk / Return Rank: 89
NSOIX Sharpe Ratio Rank: 92
NSOIX Sortino Ratio Rank: 91
NSOIX Omega Ratio Rank: 84
NSOIX Calmar Ratio Rank: 88
NSOIX Martin Ratio Rank: 89

WSCVX

WSCVX Risk / Return Rank: 91
WSCVX Sharpe Ratio Rank: 92
WSCVX Sortino Ratio Rank: 91
WSCVX Omega Ratio Rank: 84
WSCVX Calmar Ratio Rank: 96
WSCVX Martin Ratio Rank: 92

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.

NSOIX vs. WSCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Star Opportunity Fund (NSOIX) and North Star Small Cap Value Fund (WSCVX). 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.

	NSOIX	WSCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.43	-0.01
Sortino ratio: Return per unit of downside risk	3.45	3.53	-0.07
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.52	4.77	-1.26
Martin ratio: Return relative to average drawdown	13.20	14.77	-1.56

NSOIX vs. WSCVX - Sharpe Ratio Comparison

The current NSOIX Sharpe Ratio is 2.42, which is comparable to the WSCVX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of NSOIX and WSCVX, 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

NSOIX vs. WSCVX - Drawdown Comparison

The maximum NSOIX drawdown since its inception was -33.29%, which is greater than WSCVX's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for NSOIX and WSCVX.

Drawdown Indicators

	NSOIX	WSCVX	Difference
Max Drawdown Largest peak-to-trough decline	-33.29%	-22.34%	-10.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.38%	-8.96%	+1.58%
Max Drawdown (3Y) Largest decline over 3 years	-18.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.29%	—	—
Current Drawdown Current decline from peak	0.00%	-2.57%	+2.57%
Average Drawdown Average peak-to-trough decline	-6.45%	-4.13%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.89%	-0.93%

Volatility

NSOIX vs. WSCVX - Volatility Comparison

The current volatility for North Star Opportunity Fund (NSOIX) is 2.42%, while North Star Small Cap Value Fund (WSCVX) has a volatility of 4.08%. This indicates that NSOIX experiences smaller price fluctuations and is considered to be less risky than WSCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NSOIX	WSCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	4.08%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	12.04%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	10.72%	17.65%	-6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	21.77%	-7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	21.77%	-6.24%

NSOIX vs. WSCVX - Expense Ratio Comparison

NSOIX has a 1.30% expense ratio, which is higher than WSCVX's 1.21% expense ratio.

Dividends

NSOIX vs. WSCVX - Dividend Comparison

NSOIX's dividend yield for the trailing twelve months is around 5.58%, less than WSCVX's 10.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSOIX North Star Opportunity Fund	5.58%	6.13%	4.08%	2.66%	4.68%	2.38%	0.52%	1.36%	6.81%	1.62%	1.03%	2.53%
WSCVX North Star Small Cap Value Fund	10.52%	13.23%	28.71%	9.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NSOIX and WSCVX in my portfolio?

NSOIX and WSCVX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NSOIX or WSCVX?

WSCVX has higher volatility (4.08%) compared to NSOIX (2.42%). In terms of maximum drawdown, NSOIX dropped -33.29% vs WSCVX's -22.34%.

Which has better risk-adjusted returns?

WSCVX currently has the higher Sharpe Ratio (2.43 vs 2.42), 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.