OASDX vs. BIVIX

Last updated Jun 4, 2026

OASDX (Oakhurst Strategic Defined Risk Fund) and BIVIX (Invenomic Fund Institutional Class) are both Long-Short funds. At a 0.00 correlation, their price movements are largely independent. OASDX charges 1.89%/yr vs 3.17%/yr for BIVIX.

Performance

OASDX vs. BIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakhurst Strategic Defined Risk Fund (OASDX) and Invenomic Fund Institutional Class (BIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OASDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIVIX

• 1D: -4.48%
• 1M: -7.81%
• YTD: -13.33%
• 6M: -9.90%
• 1Y: -7.34%
• 3Y*: -4.36%
• 5Y*: 9.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OASDX vs. BIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OASDX Oakhurst Strategic Defined Risk Fund	3.40%	10.94%	18.06%	17.20%	-13.49%	13.03%	8.88%	9.63%	-6.46%	3.60%
BIVIX Invenomic Fund Institutional Class	-13.33%	4.63%	-8.81%	16.80%	50.01%	63.81%	11.46%	11.59%	3.68%	8.93%

Correlation

The correlation between OASDX and BIVIX is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.23
Correlation (5Y) Calculated over the trailing 5-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jun 26, 2017	0.00

The correlation between OASDX and BIVIX shifts across timeframes, from -0.23 (3 years) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OASDX vs. BIVIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIVIX

BIVIX Risk / Return Rank: 2
BIVIX Sharpe Ratio Rank: 2
BIVIX Sortino Ratio Rank: 2
BIVIX Omega Ratio Rank: 2
BIVIX Calmar Ratio Rank: 1
BIVIX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OASDX vs. BIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakhurst Strategic Defined Risk Fund (OASDX) and Invenomic Fund Institutional Class (BIVIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OASDX	BIVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.85	—

Drawdowns

Drawdown Indicators

	OASDX	BIVIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.70%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-20.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.70%	—
Current Drawdown Current decline from peak	—	-18.79%	—
Average Drawdown Average peak-to-trough decline	—	-5.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.80%	—

Volatility

Volatility by Period

	OASDX	BIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.20%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.09%	—

OASDX vs. BIVIX - Expense Ratio Comparison

OASDX has a 1.89% expense ratio, which is lower than BIVIX's 3.17% expense ratio.

Dividends

OASDX vs. BIVIX - Dividend Comparison

OASDX's dividend yield for the trailing twelve months is around 24.94%, more than BIVIX's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIVIX Invenomic Fund Institutional Class	2.53%	2.20%	3.95%	20.15%	27.91%	16.08%	3.15%	3.19%	4.79%	1.21%
OASDX Oakhurst Strategic Defined Risk Fund	24.94%	8.80%	12.01%	3.28%	5.59%	5.20%	0.00%	2.35%	1.74%	0.92%

Frequently Asked Questions

Can I hold both OASDX and BIVIX in my portfolio?

OASDX and BIVIX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.