OAKCX vs. OAZMX
OAKCX (Oakmark Bond Fund Investor Class) and OAZMX (Oakmark Fund R6 Class) are both mutual funds - OAKCX is a Multisector Bonds fund actively managed by Oakmark, while OAZMX is a Large Cap Value Equities fund actively managed by Oakmark. Both are actively managed. Over the past 3 years, OAKCX returned 4.90%/yr vs 14.64%/yr for OAZMX. At a 0.21 correlation, their price movements are largely independent. OAKCX charges 0.74%/yr vs 0.62%/yr for OAZMX.
Performance
OAKCX vs. OAZMX - Performance Comparison
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Returns By Period
In the year-to-date period, OAKCX achieves a 0.79% return, which is significantly higher than OAZMX's -1.88% return.
OAKCX
- 1D
- 0.00%
- 1M
- 0.80%
- YTD
- 0.79%
- 6M
- 0.84%
- 1Y
- 5.01%
- 3Y*
- 4.90%
- 5Y*
- —
- 10Y*
- —
OAZMX
- 1D
- 0.00%
- 1M
- -1.01%
- YTD
- -1.88%
- 6M
- -2.40%
- 1Y
- 9.00%
- 3Y*
- 14.64%
- 5Y*
- 9.96%
- 10Y*
- —
OAKCX vs. OAZMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OAKCX Oakmark Bond Fund Investor Class | 0.79% | 6.85% | 2.90% | 5.91% | -9.75% |
OAZMX Oakmark Fund R6 Class | -1.88% | 14.45% | 16.33% | 31.29% | -10.17% |
Correlation
The correlation between OAKCX and OAZMX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.21 |
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Return for Risk
OAKCX vs. OAZMX — Risk / Return Rank
OAKCX
OAZMX
OAKCX vs. OAZMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Bond Fund Investor Class (OAKCX) and Oakmark Fund R6 Class (OAZMX). 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.
| OAKCX | OAZMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.13 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.35 | +0.65 |
| Martin ratioReturn relative to average drawdown | 5.97 | 3.33 | +2.64 |
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Drawdowns
OAKCX vs. OAZMX - Drawdown Comparison
The maximum OAKCX drawdown since its inception was -13.38%, smaller than the maximum OAZMX drawdown of -23.54%. Use the drawdown chart below to compare losses from any high point for OAKCX and OAZMX.
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Drawdown Indicators
| OAKCX | OAZMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -23.54% | +10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -6.93% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -17.01% | +11.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.54% | — |
Current DrawdownCurrent decline from peak | -0.99% | -4.41% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -4.72% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.80% | -1.92% |
Volatility
OAKCX vs. OAZMX - Volatility Comparison
The current volatility for Oakmark Bond Fund Investor Class (OAKCX) is 1.10%, while Oakmark Fund R6 Class (OAZMX) has a volatility of 3.77%. This indicates that OAKCX experiences smaller price fluctuations and is considered to be less risky than OAZMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OAKCX | OAZMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 3.77% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 9.44% | -6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 13.20% | -9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 18.27% | -12.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 18.16% | -12.81% |
OAKCX vs. OAZMX - Expense Ratio Comparison
OAKCX has a 0.74% expense ratio, which is higher than OAZMX's 0.62% expense ratio.
Dividends
OAKCX vs. OAZMX - Dividend Comparison
OAKCX's dividend yield for the trailing twelve months is around 4.59%, more than OAZMX's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
OAKCX Oakmark Bond Fund Investor Class | 4.59% | 3.57% | 4.37% | 3.62% | 2.77% | 0.00% |
OAZMX Oakmark Fund R6 Class | 1.22% | 1.20% | 1.38% | 1.26% | 1.22% | 1.72% |
Frequently Asked Questions
OAKCX and OAZMX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAZMX has higher volatility (3.77%) compared to OAKCX (1.10%). In terms of maximum drawdown, OAKCX dropped -13.38% vs OAZMX's -23.54%.
OAKCX currently has the higher Sharpe Ratio (1.52 vs 0.71), 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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