OANIX vs. OAZMX
OANIX (Oakmark International Fund Institutional Class) and OAZMX (Oakmark Fund R6 Class) are both mutual funds - OANIX is a Foreign Large Cap Equities fund actively managed by Oakmark, while OAZMX is a Large Cap Value Equities fund actively managed by Oakmark. Both are actively managed. Over the past 5 years, OANIX returned 6.00%/yr vs 11.39%/yr for OAZMX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. OANIX charges 0.82%/yr vs 0.62%/yr for OAZMX.
Performance
OANIX vs. OAZMX - Performance Comparison
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Returns By Period
In the year-to-date period, OANIX achieves a 7.01% return, which is significantly higher than OAZMX's 6.56% return.
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%
OAZMX
- 1D
- -0.32%
- 1M
- 3.41%
- 6M
- 6.49%
- YTD
- 6.56%
- 1Y
- 17.17%
- 3Y*
- 14.58%
- 5Y*
- 11.39%
- 10Y*
- —
- ALL TIME*
- 15.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OANIX vs. OAZMX - 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% | 2.60% |
OAZMX Oakmark Fund R6 Class | 6.56% | 14.45% | 16.33% | 31.29% | -13.16% | 34.59% | 1.81% |
Correlation
The correlation between OANIX and OAZMX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020 | 0.68 |
The correlation between OANIX and OAZMX shifts across timeframes, from 0.56 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OANIX vs. OAZMX — Risk / Return Rank
OANIX
OAZMX
OANIX vs. OAZMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark International Fund Institutional Class (OANIX) and Oakmark Fund R6 Class (OAZMX). 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 | OAZMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.00 | -0.84 |
| Martin ratioReturn relative to average drawdown | 3.55 | 4.99 | -1.44 |
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Drawdowns
OANIX vs. OAZMX - Drawdown Comparison
The maximum OANIX drawdown since its inception was -52.85%, which is greater than OAZMX's maximum drawdown of -23.54%. Use the drawdown chart below to compare losses from any high point for OANIX and OAZMX.
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Drawdown Indicators
| OANIX | OAZMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.85% | -23.54% | -29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -6.93% | -7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -17.01% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -35.50% | -23.54% | -11.96% |
Current DrawdownCurrent decline from peak | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -4.65% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 2.78% | +1.88% |
Volatility
OANIX vs. OAZMX - Volatility Comparison
The current volatility for Oakmark International Fund Institutional Class (OANIX) is 3.93%, while Oakmark Fund R6 Class (OAZMX) has a volatility of 4.55%. This indicates that OANIX experiences smaller price fluctuations and is considered to be less risky than OAZMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OANIX | OAZMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 4.55% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 9.77% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 13.56% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 18.23% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 18.09% | +3.16% |
OANIX vs. OAZMX - Expense Ratio Comparison
OANIX has a 0.82% expense ratio, which is higher than OAZMX's 0.62% expense ratio.
Dividends
OANIX vs. OAZMX - Dividend Comparison
OANIX's dividend yield for the trailing twelve months is around 1.98%, more than OAZMX's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
OAZMX Oakmark Fund R6 Class | 1.12% | 1.20% | 1.38% | 1.26% | 1.22% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OANIX and OAZMX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAZMX has higher volatility (4.55%) compared to OANIX (3.93%). In terms of maximum drawdown, OANIX dropped -52.85% vs OAZMX's -23.54%.
OANIX currently has the higher Sharpe Ratio (1.11 vs 1.02), 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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