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.
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
Key characteristics
OAKLX:
1.04
SPY:
2.21
OAKLX:
1.55
SPY:
2.93
OAKLX:
1.19
SPY:
1.41
OAKLX:
1.86
SPY:
3.26
OAKLX:
4.43
SPY:
14.40
OAKLX:
3.43%
SPY:
1.90%
OAKLX:
14.56%
SPY:
12.44%
OAKLX:
-65.99%
SPY:
-55.19%
OAKLX:
-5.14%
SPY:
-1.83%
Returns By Period
In the year-to-date period, OAKLX achieves a 14.34% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, OAKLX has underperformed SPY with an annualized return of 7.25%, while SPY has yielded a comparatively higher 13.04% annualized return.
OAKLX
14.34%
-4.29%
15.26%
14.95%
13.38%
7.25%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAKLX Oakmark Select Fund | 0.00% | 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 | 1.19% | 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 4.67% compared to SPDR S&P 500 ETF (SPY) at 3.83%. 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.