OAKEX vs. SPY
Compare and contrast key facts about Oakmark International Small Cap Fund (OAKEX) and SPDR S&P 500 ETF (SPY).
OAKEX is managed by Oakmark. It was launched on Oct 31, 1995. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OAKEX or SPY.
Key characteristics
| OAKEX | SPY | |
|---|---|---|
| YTD Return | 8.26% | 20.89% |
| 1Y Return | 18.87% | 31.53% |
| 3Y Return (Ann) | 3.01% | 11.11% |
| 5Y Return (Ann) | 8.60% | 15.61% |
| 10Y Return (Ann) | 5.90% | 13.08% |
| Sharpe Ratio | 1.32 | 2.39 |
| Daily Std Dev | 14.48% | 12.70% |
| Max Drawdown | -65.86% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OAKEX and SPY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OAKEX vs. SPY - Performance Comparison
In the year-to-date period, OAKEX achieves a 8.26% return, which is significantly lower than SPY's 20.89% return. Over the past 10 years, OAKEX has underperformed SPY with an annualized return of 5.90%, while SPY has yielded a comparatively higher 13.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OAKEX vs. SPY - Expense Ratio Comparison
OAKEX has a 1.34% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OAKEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark International Small Cap Fund (OAKEX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
OAKEX vs. SPY - Dividend Comparison
OAKEX's dividend yield for the trailing twelve months is around 1.69%, more than SPY's 0.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKEX Oakmark International Small Cap Fund | 1.69% | 1.83% | 1.89% | 0.61% | 1.87% | 0.21% | 9.39% | 3.81% | 3.31% | 5.23% | 7.95% | 3.29% |
SPY SPDR S&P 500 ETF | 0.92% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OAKEX vs. SPY - Drawdown Comparison
The maximum OAKEX drawdown since its inception was -65.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OAKEX and SPY. For additional features, visit the drawdowns tool.
Volatility
OAKEX vs. SPY - Volatility Comparison
Oakmark International Small Cap Fund (OAKEX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.99% and 4.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.