OAKLX vs. SPY
Compare and contrast key facts about Oakmark Select Fund (OAKLX) and SPDR S&P 500 ETF (SPY).
OAKLX is managed by Oakmark. It was launched on Nov 1, 1996. 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: OAKLX or SPY.
Key characteristics
| OAKLX | SPY | |
|---|---|---|
| YTD Return | 17.36% | 26.77% |
| 1Y Return | 35.46% | 37.43% |
| 3Y Return (Ann) | 8.17% | 10.15% |
| 5Y Return (Ann) | 14.97% | 15.86% |
| 10Y Return (Ann) | 6.40% | 13.33% |
| Sharpe Ratio | 2.33 | 3.06 |
| Sortino Ratio | 3.36 | 4.08 |
| Omega Ratio | 1.42 | 1.58 |
| Calmar Ratio | 4.30 | 4.44 |
| Martin Ratio | 10.55 | 20.11 |
| Ulcer Index | 3.32% | 1.85% |
| Daily Std Dev | 15.04% | 12.18% |
| Max Drawdown | -65.99% | -55.19% |
| Current Drawdown | -0.94% | -0.31% |
Correlation
The correlation between OAKLX and SPY is 0.82, 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. SPY - Performance Comparison
In the year-to-date period, OAKLX achieves a 17.36% return, which is significantly lower than SPY's 26.77% return. Over the past 10 years, OAKLX has underperformed SPY with an annualized return of 6.40%, while SPY has yielded a comparatively higher 13.33% 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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OAKLX vs. SPY - Expense Ratio Comparison
OAKLX has a 0.98% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OAKLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Select Fund (OAKLX) 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
OAKLX vs. SPY - Dividend Comparison
OAKLX's dividend yield for the trailing twelve months is around 0.43%, less than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OAKLX vs. SPY - Drawdown Comparison
The maximum OAKLX drawdown since its inception was -65.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OAKLX and SPY. For additional features, visit the drawdowns tool.
Volatility
OAKLX vs. SPY - Volatility Comparison
Oakmark Select Fund (OAKLX) has a higher volatility of 5.44% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that OAKLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.