OBSOX vs. ORIGX

Last updated Aug 1, 2026

OBSOX (Oberweis Small-Cap Opportunities Fund) and ORIGX (North Square Spectrum Alpha Fund) are both Small Cap Growth Equities funds. Over the past 10 years, OBSOX returned 17.47%/yr vs 9.92%/yr for ORIGX. Their correlation of 0.88 means they have usually moved in the same direction. OBSOX charges 1.25%/yr vs 1.60%/yr for ORIGX.

Performance

OBSOX vs. ORIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oberweis Small-Cap Opportunities Fund (OBSOX) and North Square Spectrum Alpha Fund (ORIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OBSOX achieves a 26.43% return, which is significantly higher than ORIGX's 21.51% return. Over the past 10 years, OBSOX has outperformed ORIGX with an annualized return of 17.47%, while ORIGX has yielded a comparatively lower 9.92% annualized return.

OBSOX

• 1D: 4.04%
• 1M: -5.97%
• 6M: 24.51%
• YTD: 26.43%
• 1Y: 45.06%
• 3Y*: 17.45%
• 5Y*: 14.57%
• 10Y*: 17.47%
• ALL TIME*: 9.16%

ORIGX

• 1D: 0.83%
• 1M: -0.91%
• 6M: 15.87%
• YTD: 21.51%
• 1Y: 36.47%
• 3Y*: 17.81%
• 5Y*: 7.02%
• 10Y*: 9.92%
• ALL TIME*: 9.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OBSOX Oberweis Small-Cap Opportunities Fund	$0.00	$0.00	$0.00
ORIGX North Square Spectrum Alpha Fund	$0.00	$0.00	$0.00

OBSOX vs. ORIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OBSOX Oberweis Small-Cap Opportunities Fund	26.43%	14.28%	16.13%	15.81%	-11.17%	43.39%	32.52%	25.06%	-7.05%	25.55%
ORIGX North Square Spectrum Alpha Fund	21.51%	9.45%	15.06%	24.70%	-27.57%	10.38%	29.92%	22.34%	-7.09%	18.20%

Correlation

The correlation between OBSOX and ORIGX is 0.78, 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.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Sep 16, 1996	0.88

The correlation between OBSOX and ORIGX shifts across timeframes, from 0.78 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

OBSOX vs. ORIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OBSOX

OBSOX Risk / Return Rank: 66
OBSOX Sharpe Ratio Rank: 59
OBSOX Sortino Ratio Rank: 55
OBSOX Omega Ratio Rank: 50
OBSOX Calmar Ratio Rank: 83
OBSOX Martin Ratio Rank: 83

ORIGX

ORIGX Risk / Return Rank: 80
ORIGX Sharpe Ratio Rank: 77
ORIGX Sortino Ratio Rank: 77
ORIGX Omega Ratio Rank: 72
ORIGX Calmar Ratio Rank: 91
ORIGX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OBSOX vs. ORIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oberweis Small-Cap Opportunities Fund (OBSOX) and North Square Spectrum Alpha Fund (ORIGX). 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.

	OBSOX	ORIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.83	-0.40
Sortino ratio: Return per unit of downside risk	1.99	2.66	-0.67
Omega ratio: Gain probability vs. loss probability	1.24	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	2.76	3.46	-0.69
Martin ratio: Return relative to average drawdown	10.14	10.72	-0.58

OBSOX vs. ORIGX - Sharpe Ratio Comparison

The current OBSOX Sharpe Ratio is 1.42, which is comparable to the ORIGX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of OBSOX and ORIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OBSOX vs. ORIGX - Drawdown Comparison

The maximum OBSOX drawdown since its inception was -80.52%, which is greater than ORIGX's maximum drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for OBSOX and ORIGX.

Drawdown Indicators

	OBSOX	ORIGX	Difference
Max Drawdown Largest peak-to-trough decline	-80.52%	-49.06%	-31.46%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-9.55%	-5.09%
Max Drawdown (3Y) Largest decline over 3 years	-27.74%	-26.25%	-1.49%
Max Drawdown (5Y) Largest decline over 5 years	-28.65%	-38.60%	+9.95%
Max Drawdown (10Y) Largest decline over 10 years	-42.79%	-39.38%	-3.41%
Current Drawdown Current decline from peak	-11.19%	-2.24%	-8.95%
Average Drawdown Average peak-to-trough decline	-30.41%	-10.76%	-19.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	3.07%	+0.91%

Volatility

OBSOX vs. ORIGX - Volatility Comparison

Oberweis Small-Cap Opportunities Fund (OBSOX) has a higher volatility of 9.17% compared to North Square Spectrum Alpha Fund (ORIGX) at 3.87%. This indicates that OBSOX's price experiences larger fluctuations and is considered to be riskier than ORIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBSOX	ORIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	3.87%	+5.30%
Volatility (6M) Calculated over the trailing 6-month period	23.60%	13.06%	+10.54%
Volatility (1Y) Calculated over the trailing 1-year period	28.37%	18.06%	+10.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.51%	21.85%	+3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.00%	21.52%	+3.48%

OBSOX vs. ORIGX - Expense Ratio Comparison

OBSOX has a 1.25% expense ratio, which is lower than ORIGX's 1.60% expense ratio.

Dividends

OBSOX vs. ORIGX - Dividend Comparison

OBSOX has not paid dividends to shareholders, while ORIGX's dividend yield for the trailing twelve months is around 0.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OBSOX Oberweis Small-Cap Opportunities Fund	0.00%	0.00%	0.80%	0.00%	0.17%	21.88%	4.05%	3.04%	28.22%	6.36%	4.24%	11.91%
ORIGX North Square Spectrum Alpha Fund	0.48%	0.00%	0.00%	0.00%	78.80%	15.09%	12.73%	16.48%	20.15%	146.42%	6.54%	6.73%

Frequently Asked Questions

Can I hold both OBSOX and ORIGX in my portfolio?

OBSOX and ORIGX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OBSOX or ORIGX?

OBSOX has higher volatility (9.17%) compared to ORIGX (3.87%). In terms of maximum drawdown, OBSOX dropped -80.52% vs ORIGX's -49.06%.

Which has better risk-adjusted returns?

ORIGX currently has the higher Sharpe Ratio (1.83 vs 1.42), 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.