OAKWX vs. ^SP500TR
Compare and contrast key facts about Oakmark Global Select Fund (OAKWX) and S&P 500 Total Return (^SP500TR).
OAKWX is managed by Oakmark. It was launched on Oct 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OAKWX or ^SP500TR.
Key characteristics
| OAKWX | ^SP500TR | |
|---|---|---|
| YTD Return | 7.43% | 18.99% |
| 1Y Return | 12.13% | 28.29% |
| 3Y Return (Ann) | 2.93% | 9.95% |
| 5Y Return (Ann) | 9.68% | 15.33% |
| 10Y Return (Ann) | 7.26% | 12.90% |
| Sharpe Ratio | 0.94 | 2.21 |
| Daily Std Dev | 12.41% | 12.70% |
| Max Drawdown | -54.43% | -55.25% |
| Current Drawdown | -1.79% | -0.61% |
Correlation
The correlation between OAKWX and ^SP500TR is 0.83, 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
OAKWX vs. ^SP500TR - Performance Comparison
In the year-to-date period, OAKWX achieves a 7.43% return, which is significantly lower than ^SP500TR's 18.99% return. Over the past 10 years, OAKWX has underperformed ^SP500TR with an annualized return of 7.26%, while ^SP500TR has yielded a comparatively higher 12.90% 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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Risk-Adjusted Performance
OAKWX vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Global Select Fund (OAKWX) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
OAKWX vs. ^SP500TR - Drawdown Comparison
The maximum OAKWX drawdown since its inception was -54.43%, roughly equal to the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for OAKWX and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
OAKWX vs. ^SP500TR - Volatility Comparison
The current volatility for Oakmark Global Select Fund (OAKWX) is 3.00%, while S&P 500 Total Return (^SP500TR) has a volatility of 3.99%. This indicates that OAKWX experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.