OAKLX vs. INDEX
Compare and contrast key facts about Oakmark Select Fund (OAKLX) and Index Funds S&P 500 Equal Weight (INDEX).
OAKLX is managed by Oakmark. It was launched on Nov 1, 1996. INDEX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OAKLX or INDEX.
Key characteristics
| OAKLX | INDEX | |
|---|---|---|
| YTD Return | 16.72% | 26.86% |
| 1Y Return | 36.30% | 40.45% |
| 3Y Return (Ann) | 7.99% | 7.72% |
| 5Y Return (Ann) | 14.55% | 13.37% |
| Sharpe Ratio | 2.29 | 3.13 |
| Sortino Ratio | 3.30 | 4.21 |
| Omega Ratio | 1.41 | 1.59 |
| Calmar Ratio | 4.06 | 3.09 |
| Martin Ratio | 10.39 | 21.11 |
| Ulcer Index | 3.32% | 1.86% |
| Daily Std Dev | 15.07% | 12.53% |
| Max Drawdown | -65.99% | -38.82% |
| Current Drawdown | -0.77% | 0.00% |
Correlation
The correlation between OAKLX and INDEX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OAKLX vs. INDEX - Performance Comparison
In the year-to-date period, OAKLX achieves a 16.72% return, which is significantly lower than INDEX's 26.86% 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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OAKLX vs. INDEX - Expense Ratio Comparison
OAKLX has a 0.98% expense ratio, which is higher than INDEX's 0.25% expense ratio.
Risk-Adjusted Performance
OAKLX vs. INDEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Select Fund (OAKLX) and Index Funds S&P 500 Equal Weight (INDEX). 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
OAKLX vs. INDEX - Dividend Comparison
OAKLX's dividend yield for the trailing twelve months is around 0.43%, less than INDEX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKLX Oakmark Select Fund | 0.43% | 0.51% | 0.31% | 0.04% | 0.00% | 0.67% | 0.18% | 0.28% | 0.94% | 0.30% | 0.00% | 0.10% |
INDEX Index Funds S&P 500 Equal Weight | 1.23% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% | 0.00% | 0.00% |
Drawdowns
OAKLX vs. INDEX - Drawdown Comparison
The maximum OAKLX drawdown since its inception was -65.99%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for OAKLX and INDEX. For additional features, visit the drawdowns tool.
Volatility
OAKLX vs. INDEX - Volatility Comparison
Oakmark Select Fund (OAKLX) has a higher volatility of 5.18% compared to Index Funds S&P 500 Equal Weight (INDEX) at 3.91%. This indicates that OAKLX's price experiences larger fluctuations and is considered to be riskier than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.