OAZMX vs. OAKWX

Last updated Apr 2, 2026

Compare and contrast key facts about Oakmark Fund R6 Class (OAZMX) and Oakmark Global Select Fund (OAKWX).

OAZMX is an actively managed fund by Oakmark. It was launched on Dec 15, 2020. OAKWX is managed by Oakmark. It was launched on Oct 1, 2006.

Performance

OAZMX vs. OAKWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oakmark Fund R6 Class (OAZMX) and Oakmark Global Select Fund (OAKWX). The values are adjusted to include any dividend payments, if applicable.

OAZMX vs. OAKWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OAZMX Oakmark Fund R6 Class	-2.39%	14.45%	16.33%	31.29%	-13.16%	34.59%	1.81%
OAKWX Oakmark Global Select Fund	-8.12%	20.73%	4.68%	22.72%	-22.48%	25.99%	0.67%

Returns By Period

In the year-to-date period, OAZMX achieves a -2.39% return, which is significantly higher than OAKWX's -8.12% return.

OAZMX

• 1D: 1.76%
• 1M: -3.54%
• YTD: -2.39%
• 6M: 2.45%
• 1Y: 10.44%
• 3Y*: 16.40%
• 5Y*: 11.18%
• 10Y*: —

OAKWX

• 1D: 2.20%
• 1M: -7.63%
• YTD: -8.12%
• 6M: -6.66%
• 1Y: 2.20%
• 3Y*: 9.31%
• 5Y*: 4.42%
• 10Y*: 8.41%

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

OAZMX vs. OAKWX - Expense Ratio Comparison

OAZMX has a 0.62% expense ratio, which is lower than OAKWX's 1.10% expense ratio.

OAKWX

Oakmark Global Select Fund

OAZMX

Oakmark Fund R6 Class

Return for Risk

OAZMX vs. OAKWX — Risk / Return Rank

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

OAZMX

OAZMX Risk / Return Rank: 19
OAZMX Sharpe Ratio Rank: 16
OAZMX Sortino Ratio Rank: 16
OAZMX Omega Ratio Rank: 17
OAZMX Calmar Ratio Rank: 21
OAZMX Martin Ratio Rank: 25

OAKWX

OAKWX Risk / Return Rank: 7
OAKWX Sharpe Ratio Rank: 6
OAKWX Sortino Ratio Rank: 6
OAKWX Omega Ratio Rank: 6
OAKWX Calmar Ratio Rank: 7
OAKWX Martin Ratio Rank: 8

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.

OAZMX vs. OAKWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Fund R6 Class (OAZMX) and Oakmark Global Select Fund (OAKWX). 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.

	OAZMX	OAKWX	Difference
Sharpe ratio Return per unit of total volatility	0.56	0.14	+0.42
Sortino ratio Return per unit of downside risk	0.89	0.31	+0.58
Omega ratio Gain probability vs. loss probability	1.13	1.04	+0.09
Calmar ratio Return relative to maximum drawdown	0.84	0.16	+0.68
Martin ratio Return relative to average drawdown	3.37	0.58	+2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAZMX vs. OAKWX - Sharpe Ratio Comparison

The current OAZMX Sharpe Ratio is 0.56, which is higher than the OAKWX Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of OAZMX and OAKWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OAZMX	OAKWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.14	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.26	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.38	+0.41

Correlation

The correlation between OAZMX and OAKWX is 0.87, 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.

Dividends

OAZMX vs. OAKWX - Dividend Comparison

OAZMX's dividend yield for the trailing twelve months is around 1.23%, less than OAKWX's 1.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OAZMX Oakmark Fund R6 Class	1.23%	1.20%	1.38%	1.26%	1.22%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OAKWX Oakmark Global Select Fund	1.56%	1.43%	1.17%	0.83%	0.33%	14.91%	0.00%	1.17%	5.28%	5.48%	1.00%	5.60%

Drawdowns

OAZMX vs. OAKWX - Drawdown Comparison

The maximum OAZMX drawdown since its inception was -23.54%, smaller than the maximum OAKWX drawdown of -54.43%. Use the drawdown chart below to compare losses from any high point for OAZMX and OAKWX.

Drawdown Indicators

	OAZMX	OAKWX	Difference
Max Drawdown Largest peak-to-trough decline	-23.54%	-54.43%	+30.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.46%	-14.26%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-32.79%	+9.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.07%	—
Current Drawdown Current decline from peak	-4.90%	-12.38%	+7.48%
Average Drawdown Average peak-to-trough decline	-4.78%	-9.45%	+4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	4.02%	-0.65%

Volatility

OAZMX vs. OAKWX - Volatility Comparison

The current volatility for Oakmark Fund R6 Class (OAZMX) is 4.21%, while Oakmark Global Select Fund (OAKWX) has a volatility of 4.73%. This indicates that OAZMX experiences smaller price fluctuations and is considered to be less risky than OAKWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OAZMX	OAKWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	4.73%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	9.32%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	18.78%	15.86%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.34%	16.91%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	19.15%	-0.76%