OBEGX vs. HLMGX
OBEGX (Oberweis Global Opportunities Fund) and HLMGX (Harding Loevner Global Equity Portfolio) are both Global Equities funds. Over the past 10 years, OBEGX returned 10.82%/yr vs 9.80%/yr for HLMGX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. OBEGX charges 1.51%/yr vs 1.05%/yr for HLMGX.
Performance
OBEGX vs. HLMGX - Performance Comparison
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Returns By Period
In the year-to-date period, OBEGX achieves a 20.61% return, which is significantly higher than HLMGX's 3.92% return. Over the past 10 years, OBEGX has outperformed HLMGX with an annualized return of 10.82%, while HLMGX has yielded a comparatively lower 9.80% annualized return.
OBEGX
- 1D
- 4.12%
- 1M
- -3.63%
- 6M
- 19.40%
- YTD
- 20.61%
- 1Y
- 30.21%
- 3Y*
- 15.39%
- 5Y*
- 4.72%
- 10Y*
- 10.82%
- ALL TIME*
- 6.08%
HLMGX
- 1D
- 1.76%
- 1M
- -0.43%
- 6M
- 1.51%
- YTD
- 3.92%
- 1Y
- 8.50%
- 3Y*
- 11.11%
- 5Y*
- 2.66%
- 10Y*
- 9.80%
- ALL TIME*
- 6.41%
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 |
OBEGX vs. HLMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OBEGX Oberweis Global Opportunities Fund | 20.61% | 19.32% | 10.72% | 6.40% | -26.76% | 20.80% | 55.68% | 25.67% | -25.62% | 33.35% |
HLMGX Harding Loevner Global Equity Portfolio | 3.92% | 11.95% | 13.50% | 21.84% | -30.20% | 14.38% | 29.68% | 28.77% | -10.61% | 31.94% |
Correlation
The correlation between OBEGX and HLMGX is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 1996 | 0.76 |
The correlation between OBEGX and HLMGX has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
OBEGX vs. HLMGX — Risk / Return Rank
OBEGX
HLMGX
OBEGX vs. HLMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oberweis Global Opportunities Fund (OBEGX) and Harding Loevner Global Equity Portfolio (HLMGX). 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.
| OBEGX | HLMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.09 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 0.57 | +1.92 |
| Martin ratioReturn relative to average drawdown | 8.02 | 2.16 | +5.86 |
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Drawdowns
OBEGX vs. HLMGX - Drawdown Comparison
The maximum OBEGX drawdown since its inception was -83.07%, which is greater than HLMGX's maximum drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for OBEGX and HLMGX.
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Drawdown Indicators
| OBEGX | HLMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.07% | -54.27% | -28.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -11.28% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -25.41% | -15.76% | -9.65% |
Max Drawdown (5Y)Largest decline over 5 years | -39.68% | -38.48% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -38.48% | -3.06% |
Current DrawdownCurrent decline from peak | -8.30% | -2.47% | -5.83% |
Average DrawdownAverage peak-to-trough decline | -33.59% | -12.92% | -20.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.00% | +0.69% |
Volatility
OBEGX vs. HLMGX - Volatility Comparison
Oberweis Global Opportunities Fund (OBEGX) has a higher volatility of 7.96% compared to Harding Loevner Global Equity Portfolio (HLMGX) at 3.57%. This indicates that OBEGX's price experiences larger fluctuations and is considered to be riskier than HLMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBEGX | HLMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 3.57% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 19.05% | 11.20% | +7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 13.71% | +9.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 18.33% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.75% | 18.05% | +4.70% |
OBEGX vs. HLMGX - Expense Ratio Comparison
OBEGX has a 1.51% expense ratio, which is higher than HLMGX's 1.05% expense ratio.
Dividends
OBEGX vs. HLMGX - Dividend Comparison
OBEGX's dividend yield for the trailing twelve months is around 10.49%, less than HLMGX's 20.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMGX Harding Loevner Global Equity Portfolio | 20.20% | 20.99% | 30.72% | 0.28% | 0.00% | 16.22% | 5.68% | 0.27% | 12.74% | 13.71% | 1.34% | 2.81% |
OBEGX Oberweis Global Opportunities Fund | 10.49% | 12.66% | 0.00% | 0.00% | 2.64% | 25.09% | 5.80% | 0.00% | 6.68% | 13.37% | 1.12% | 14.32% |
Frequently Asked Questions
OBEGX and HLMGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBEGX has higher volatility (7.96%) compared to HLMGX (3.57%). In terms of maximum drawdown, OBEGX dropped -83.07% vs HLMGX's -54.27%.
OBEGX currently has the higher Sharpe Ratio (1.30 vs 0.47), 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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