OAKEX vs. OAKCX
OAKEX (Oakmark International Small Cap Fund) and OAKCX (Oakmark Bond Fund Investor Class) are both mutual funds - OAKEX is a Foreign Small & Mid Cap Equities fund managed by Oakmark, while OAKCX is a Multisector Bonds fund actively managed by Oakmark. Over the past 3 years, OAKEX returned 8.99%/yr vs 4.53%/yr for OAKCX. At a 0.32 correlation, their price movements are largely independent. OAKEX charges 1.34%/yr vs 0.74%/yr for OAKCX.
Performance
OAKEX vs. OAKCX - Performance Comparison
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Returns By Period
In the year-to-date period, OAKEX achieves a -0.64% return, which is significantly lower than OAKCX's 0.24% return.
OAKEX
- 1D
- 0.46%
- 1M
- -0.46%
- 6M
- -1.76%
- YTD
- -0.64%
- 1Y
- -0.49%
- 3Y*
- 8.99%
- 5Y*
- 4.58%
- 10Y*
- 8.02%
OAKCX
- 1D
- 0.23%
- 1M
- -0.55%
- 6M
- -0.21%
- YTD
- 0.24%
- 1Y
- 4.51%
- 3Y*
- 4.53%
- 5Y*
- —
- 10Y*
- —
OAKEX vs. OAKCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OAKEX Oakmark International Small Cap Fund | -0.64% | 29.51% | -3.00% | 19.59% | -10.00% |
OAKCX Oakmark Bond Fund Investor Class | 0.24% | 6.85% | 2.90% | 5.91% | -9.75% |
Correlation
The correlation between OAKEX and OAKCX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.32 |
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Return for Risk
OAKEX vs. OAKCX — Risk / Return Rank
OAKEX
OAKCX
OAKEX vs. OAKCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark International Small Cap Fund (OAKEX) and Oakmark Bond Fund Investor Class (OAKCX). 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.
| OAKEX | OAKCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.63 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.06 | 4.69 | -4.76 |
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Drawdowns
OAKEX vs. OAKCX - Drawdown Comparison
The maximum OAKEX drawdown since its inception was -70.12%, which is greater than OAKCX's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for OAKEX and OAKCX.
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Drawdown Indicators
| OAKEX | OAKCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.12% | -13.38% | -56.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.18% | -2.63% | -14.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.18% | -5.56% | -11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -38.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.61% | — | — |
Current DrawdownCurrent decline from peak | -5.76% | -1.54% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -13.47% | -4.72% | -8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 0.91% | +5.33% |
Volatility
OAKEX vs. OAKCX - Volatility Comparison
Oakmark International Small Cap Fund (OAKEX) has a higher volatility of 4.44% compared to Oakmark Bond Fund Investor Class (OAKCX) at 1.09%. This indicates that OAKEX's price experiences larger fluctuations and is considered to be riskier than OAKCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OAKEX | OAKCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 1.09% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 2.73% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 3.48% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 5.33% | +12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 5.33% | +12.96% |
OAKEX vs. OAKCX - Expense Ratio Comparison
OAKEX has a 1.34% expense ratio, which is higher than OAKCX's 0.74% expense ratio.
Dividends
OAKEX vs. OAKCX - Dividend Comparison
OAKEX's dividend yield for the trailing twelve months is around 5.28%, more than OAKCX's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
OAKEX Oakmark International Small Cap Fund | 5.28% | 5.24% | 6.38% | 1.83% | 1.89% | 0.61% | 1.87% | 0.21% | 8.93% | 3.64% | 3.09% | 5.06% |
Frequently Asked Questions
OAKEX and OAKCX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAKEX has higher volatility (4.44%) compared to OAKCX (1.09%). In terms of maximum drawdown, OAKEX dropped -70.12% vs OAKCX's -13.38%.
OAKCX currently has the higher Sharpe Ratio (1.23 vs -0.03), 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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