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OAKCX vs. ICMUX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OAKCX vs. ICMUX

Last updated Jun 5, 2026

OAKCX (Oakmark Bond Fund Investor Class) and ICMUX (Intrepid Income Fund) are both Multisector Bonds funds. Over the past 3 years, OAKCX returned 4.87%/yr vs 9.92%/yr for ICMUX. At a 0.44 correlation, their price movements are largely independent. OAKCX charges 0.74%/yr vs 0.91%/yr for ICMUX.

Performance

OAKCX vs. ICMUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakmark Bond Fund Investor Class (OAKCX) and Intrepid Income Fund (ICMUX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, OAKCX achieves a 0.45% return, which is significantly lower than ICMUX's 2.32% return.

OAKCX

1D
-0.22%
1M
0.23%
YTD
0.45%
6M
0.50%
1Y
5.25%
3Y*
4.87%
5Y*
—
10Y*
—

ICMUX

1D
-0.11%
1M
0.59%
YTD
2.32%
6M
2.81%
1Y
8.15%
3Y*
9.92%
5Y*
6.25%
10Y*
5.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OAKCX vs. ICMUX - Yearly Performance Comparison

2026 (YTD)2025202420232022
OAKCX
Oakmark Bond Fund Investor Class		0.45%6.85%2.90%5.91%-9.75%
ICMUX
Intrepid Income Fund		2.32%8.16%10.43%10.90%-2.77%

Correlation

The correlation between OAKCX and ICMUX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Jan 31, 2022

0.44

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Oakmark Bond Fund Investor Class

Intrepid Income Fund

Often compared with OAKCX:
OAKCX vs. BWDTXOAKCX vs. OAKGXOAKCX vs. OAKMXOAKCX vs. OAKEXOAKCX vs. OAZMXOAKCX vs. OAKBXOAKCX vs. LFLIX
Often compared with ICMUX:
ICMUX vs. RCTIXICMUX vs. FRFZXICMUX vs. CGMSICMUX vs. MNHYXICMUX vs. BUFHXICMUX vs. CBLDXICMUX vs. CGCP

Return for Risk

OAKCX vs. ICMUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OAKCX
OAKCX Risk / Return Rank: 3737
Overall Rank
OAKCX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
OAKCX Sortino Ratio Rank: 4040
Sortino Ratio Rank
OAKCX Omega Ratio Rank: 3737
Omega Ratio Rank
OAKCX Calmar Ratio Rank: 3838
Calmar Ratio Rank
OAKCX Martin Ratio Rank: 3232
Martin Ratio Rank
ICMUX
ICMUX Risk / Return Rank: 9797
Overall Rank
ICMUX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
ICMUX Sortino Ratio Rank: 9898
Sortino Ratio Rank
ICMUX Omega Ratio Rank: 9898
Omega Ratio Rank
ICMUX Calmar Ratio Rank: 9696
Calmar Ratio Rank
ICMUX Martin Ratio Rank: 9595
Martin Ratio Rank
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.

OAKCX vs. ICMUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Bond Fund Investor Class (OAKCX) and Intrepid Income Fund (ICMUX). 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.

OAKCXICMUXDifference
Sharpe ratioReturn per unit of total volatility
1.67
4.30

-2.63

Sortino ratioReturn per unit of downside risk
2.52
7.23

-4.72

Omega ratioGain probability vs. loss probability

1.31

2.11

-0.80

Calmar ratioReturn relative to maximum drawdown

2.23

6.19

-3.96

Martin ratioReturn relative to average drawdown

6.97

21.78

-14.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAKCX vs. ICMUX - Sharpe Ratio Comparison

The current OAKCX Sharpe Ratio is 1.67, which is lower than the ICMUX Sharpe Ratio of 4.30. The chart below compares the historical Sharpe Ratios of OAKCX and ICMUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

OAKCXICMUXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.67

4.30

-2.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

2.35

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

2.28

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

2.09

-1.86

Drawdowns

OAKCX vs. ICMUX - Drawdown Comparison

The maximum OAKCX drawdown since its inception was -13.38%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for OAKCX and ICMUX.

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Drawdown Indicators

OAKCXICMUXDifference

Max Drawdown

Largest peak-to-trough decline

-13.38%

-8.77%

-4.61%

Max Drawdown (1Y)

Largest decline over 1 year

-2.63%

-1.34%

-1.29%

Max Drawdown (3Y)

Largest decline over 3 years

-5.56%

-3.11%

-2.45%

Max Drawdown (5Y)

Largest decline over 5 years

—

-5.64%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-8.77%

—

Current Drawdown

Current decline from peak

-1.32%

-0.11%

-1.21%

Average Drawdown

Average peak-to-trough decline

-4.81%

-0.74%

-4.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.84%

0.38%

+0.46%

Volatility

OAKCX vs. ICMUX - Volatility Comparison

Oakmark Bond Fund Investor Class (OAKCX) has a higher volatility of 1.24% compared to Intrepid Income Fund (ICMUX) at 0.58%. This indicates that OAKCX's price experiences larger fluctuations and is considered to be riskier than ICMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OAKCXICMUXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.24%

0.58%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

2.51%

1.43%

+1.08%

Volatility (1Y)

Calculated over the trailing 1-year period

3.51%

1.93%

+1.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.36%

2.67%

+2.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.36%

2.58%

+2.78%

OAKCX vs. ICMUX - Expense Ratio Comparison

OAKCX has a 0.74% expense ratio, which is lower than ICMUX's 0.91% expense ratio.

Dividends

OAKCX vs. ICMUX - Dividend Comparison

OAKCX's dividend yield for the trailing twelve months is around 4.60%, less than ICMUX's 7.55% yield.

PositionTTM20252024202320222021202020192018201720162015
ICMUX
Intrepid Income Fund		7.55%7.96%7.85%9.10%8.17%5.99%5.56%3.35%3.07%2.86%3.01%3.53%
OAKCX
Oakmark Bond Fund Investor Class		4.60%3.57%4.37%3.62%2.77%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

OAKCX and ICMUX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OAKCX has higher volatility (1.24%) compared to ICMUX (0.58%). In terms of maximum drawdown, OAKCX dropped -13.38% vs ICMUX's -8.77%.

ICMUX currently has the higher Sharpe Ratio (4.30 vs 1.67), 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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