ODIDX vs. VMSAX

Last updated Jul 29, 2026

ODIDX (Oaktree Diversified Income Fund Inc. Class D) and VMSAX (Vanguard Multi-Sector Income Bond Fund Admiral Shares) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, ODIDX returned 9.16%/yr vs 7.32%/yr for VMSAX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. ODIDX charges 2.10%/yr vs 0.30%/yr for VMSAX.

Performance

ODIDX vs. VMSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oaktree Diversified Income Fund Inc. Class D (ODIDX) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ODIDX achieves a 2.47% return, which is significantly higher than VMSAX's 0.95% return.

ODIDX

• 1D: 0.11%
• 1M: 0.23%
• 6M: 1.90%
• YTD: 2.47%
• 1Y: 5.58%
• 3Y*: 9.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.95%

VMSAX

• 1D: 0.17%
• 1M: -0.50%
• 6M: 0.57%
• YTD: 0.95%
• 1Y: 4.77%
• 3Y*: 7.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.98%

*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)
ODIDX Oaktree Diversified Income Fund Inc. Class D	$0.00	$0.00	$0.00
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares	$0.00	$0.00	$0.00

ODIDX vs. VMSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ODIDX Oaktree Diversified Income Fund Inc. Class D	2.47%	7.94%	11.99%	11.91%	-12.16%
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares	0.95%	9.08%	6.86%	10.53%	-8.42%

Correlation

The correlation between ODIDX and VMSAX is 0.58, 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.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.54

The correlation between ODIDX and VMSAX has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.

Return for Risk

ODIDX vs. VMSAX — Risk / Return Rank

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

ODIDX

ODIDX Risk / Return Rank: 98
ODIDX Sharpe Ratio Rank: 99
ODIDX Sortino Ratio Rank: 98
ODIDX Omega Ratio Rank: 98
ODIDX Calmar Ratio Rank: 97
ODIDX Martin Ratio Rank: 98

VMSAX

VMSAX Risk / Return Rank: 29
VMSAX Sharpe Ratio Rank: 5
VMSAX Sortino Ratio Rank: 24
VMSAX Omega Ratio Rank: 98
VMSAX Calmar Ratio Rank: 6
VMSAX Martin Ratio Rank: 11

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.

ODIDX vs. VMSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oaktree Diversified Income Fund Inc. Class D (ODIDX) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX). 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.

	ODIDX	VMSAX	Difference
Sharpe ratio: Return per unit of total volatility	3.84	0.04	+3.80
Sortino ratio: Return per unit of downside risk	6.16	1.30	+4.86
Omega ratio: Gain probability vs. loss probability	2.02	2.06	-0.05
Calmar ratio: Return relative to maximum drawdown	5.10	0.09	+5.01
Martin ratio: Return relative to average drawdown	21.47	1.39	+20.08

ODIDX vs. VMSAX - Sharpe Ratio Comparison

The current ODIDX Sharpe Ratio is 3.84, which is higher than the VMSAX Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of ODIDX and VMSAX, 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

ODIDX vs. VMSAX - Drawdown Comparison

The maximum ODIDX drawdown since its inception was -13.71%, smaller than the maximum VMSAX drawdown of -54.84%. Use the drawdown chart below to compare losses from any high point for ODIDX and VMSAX.

Drawdown Indicators

	ODIDX	VMSAX	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-54.84%	+41.13%
Max Drawdown (1Y) Largest decline over 1 year	-1.10%	-54.84%	+53.74%
Max Drawdown (3Y) Largest decline over 3 years	-2.29%	-54.84%	+52.55%
Current Drawdown Current decline from peak	0.00%	-0.71%	+0.71%
Average Drawdown Average peak-to-trough decline	-3.68%	-3.00%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	3.49%	-3.23%

Volatility

ODIDX vs. VMSAX - Volatility Comparison

The current volatility for Oaktree Diversified Income Fund Inc. Class D (ODIDX) is 0.28%, while Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) has a volatility of 0.61%. This indicates that ODIDX experiences smaller price fluctuations and is considered to be less risky than VMSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ODIDX	VMSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	0.61%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	1.18%	2.12%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	133.59%	-132.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.19%	63.21%	-60.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.19%	63.21%	-60.02%

ODIDX vs. VMSAX - Expense Ratio Comparison

ODIDX has a 2.10% expense ratio, which is higher than VMSAX's 0.30% expense ratio.

Dividends

ODIDX vs. VMSAX - Dividend Comparison

ODIDX's dividend yield for the trailing twelve months is around 9.09%, more than VMSAX's 5.49% yield.

Position	TTM	2025	2024	2023	2022	2021
ODIDX Oaktree Diversified Income Fund Inc. Class D	9.09%	9.32%	8.45%	7.83%	0.84%	0.13%
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares	5.49%	5.66%	6.48%	5.52%	3.76%	0.00%

Frequently Asked Questions

Can I hold both ODIDX and VMSAX in my portfolio?

ODIDX and VMSAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ODIDX or VMSAX?

VMSAX has higher volatility (0.61%) compared to ODIDX (0.28%). In terms of maximum drawdown, ODIDX dropped -13.71% vs VMSAX's -54.84%.

Which has better risk-adjusted returns?

ODIDX currently has the higher Sharpe Ratio (3.84 vs 0.04), 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.