OANIX vs. OANCX
OANIX (Oakmark International Fund Institutional Class) and OANCX (Oakmark Bond Fund) are both mutual funds - OANIX is a Foreign Large Cap Equities fund actively managed by Oakmark, while OANCX is a Intermediate Core-Plus Bond fund managed by Oakmark. Over the past 5 years, OANIX returned 6.00%/yr vs 0.59%/yr for OANCX. Their 0.24 correlation means their historical movements had little consistent relationship. OANIX charges 0.82%/yr vs 0.52%/yr for OANCX.
Performance
OANIX vs. OANCX - Performance Comparison
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Returns By Period
OANIX
- 1D
- 0.73%
- 1M
- 3.68%
- 6M
- 4.43%
- YTD
- 7.01%
- 1Y
- 19.27%
- 3Y*
- 9.73%
- 5Y*
- 6.00%
- 10Y*
- —
- ALL TIME*
- 6.99%
OANCX
- 1D
- 0.09%
- 1M
- -0.92%
- 6M
- -0.36%
- YTD
- 0.00%
- 1Y
- 2.77%
- 3Y*
- 4.68%
- 5Y*
- 0.59%
- 10Y*
- —
- ALL TIME*
- 1.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
OANCX Oakmark Bond Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
OANIX vs. OANCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OANIX Oakmark International Fund Institutional Class | 7.01% | 32.74% | -4.38% | 19.18% | -15.52% | 9.28% | 40.81% |
OANCX Oakmark Bond Fund | 0.00% | 7.05% | 3.19% | 6.12% | -11.36% | 0.49% | 5.11% |
Correlation
The correlation between OANIX and OANCX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2020 | 0.24 |
Over the past year, OANIX and OANCX have become more correlated (0.45) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
OANIX vs. OANCX — Risk / Return Rank
OANIX
OANCX
OANIX vs. OANCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark International Fund Institutional Class (OANIX) and Oakmark Bond Fund (OANCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OANIX | OANCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.38 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.55 | 3.61 | -0.07 |
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Drawdowns
OANIX vs. OANCX - Drawdown Comparison
The maximum OANIX drawdown since its inception was -52.85%, which is greater than OANCX's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for OANIX and OANCX.
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Drawdown Indicators
| OANIX | OANCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.85% | -15.58% | -37.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -2.52% | -11.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -4.66% | -12.34% |
Max Drawdown (5Y)Largest decline over 5 years | -35.50% | -15.58% | -19.92% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -4.61% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 0.96% | +3.70% |
Volatility
OANIX vs. OANCX - Volatility Comparison
Oakmark International Fund Institutional Class (OANIX) has a higher volatility of 3.93% compared to Oakmark Bond Fund (OANCX) at 0.96%. This indicates that OANIX's price experiences larger fluctuations and is considered to be riskier than OANCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OANIX | OANCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 0.96% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 2.79% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 3.57% | +11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 5.05% | +14.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 4.65% | +16.60% |
OANIX vs. OANCX - Expense Ratio Comparison
OANIX has a 0.82% expense ratio, which is higher than OANCX's 0.52% expense ratio.
Dividends
OANIX vs. OANCX - Dividend Comparison
OANIX's dividend yield for the trailing twelve months is around 1.98%, less than OANCX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OANCX Oakmark Bond Fund | 4.88% | 3.76% | 4.53% | 3.82% | 2.97% | 3.07% | 1.24% | 0.00% | 0.00% | 0.00% |
OANIX Oakmark International Fund Institutional Class | 1.98% | 2.12% | 2.78% | 2.11% | 3.31% | 1.51% | 0.54% | 2.01% | 7.49% | 1.52% |
Frequently Asked Questions
OANIX and OANCX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OANIX has higher volatility (3.93%) compared to OANCX (0.96%). In terms of maximum drawdown, OANIX dropped -52.85% vs OANCX's -15.58%.
OANIX currently has the higher Sharpe Ratio (1.11 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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