OFSAX vs. ICISX

Last updated Aug 1, 2026

OFSAX (Olstein Strategic Opportunities Fund) and ICISX (VY Columbia Small Cap Value II Portfolio) are both Small Cap Value Equities funds. Their correlation of 0.91 means they have usually moved in the same direction. OFSAX charges 1.60%/yr vs 0.92%/yr for ICISX.

Performance

OFSAX vs. ICISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Olstein Strategic Opportunities Fund (OFSAX) and VY Columbia Small Cap Value II Portfolio (ICISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OFSAX

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

ICISX

• 1D: -0.40%
• 1M: 0.69%
• 6M: 17.83%
• YTD: 24.98%
• 1Y: 38.81%
• 3Y*: 15.57%
• 5Y*: 10.22%
• 10Y*: 10.80%
• ALL TIME*: 8.09%

*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)
ICISX VY Columbia Small Cap Value II Portfolio	$0.00	$0.00	$0.00

OFSAX vs. ICISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OFSAX Olstein Strategic Opportunities Fund	19.49%	4.93%	2.99%	14.28%	-21.36%	21.82%	15.82%	28.61%	-14.06%	5.88%
ICISX VY Columbia Small Cap Value II Portfolio	24.98%	8.38%	11.15%	14.13%	-13.57%	34.53%	9.95%	20.26%	-17.54%	11.24%

Correlation

The correlation between OFSAX and ICISX is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Nov 6, 2006	0.91

The correlation between OFSAX and ICISX shifts across timeframes, from 0.75 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OFSAX vs. ICISX — Risk / Return Rank

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

OFSAX

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

ICISX

ICISX Risk / Return Rank: 92
ICISX Sharpe Ratio Rank: 94
ICISX Sortino Ratio Rank: 92
ICISX Omega Ratio Rank: 85
ICISX Calmar Ratio Rank: 95
ICISX Martin Ratio Rank: 94

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.

OFSAX vs. ICISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Olstein Strategic Opportunities Fund (OFSAX) and VY Columbia Small Cap Value II Portfolio (ICISX). 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.

	OFSAX	ICISX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.47	—
Sortino ratio: Return per unit of downside risk	—	3.58	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	4.35	—
Martin ratio: Return relative to average drawdown	—	15.28	—

Drawdowns

Drawdown Indicators

	OFSAX	ICISX	Difference
Max Drawdown Largest peak-to-trough decline	—	-59.91%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.01%	—
Current Drawdown Current decline from peak	—	-1.85%	—
Average Drawdown Average peak-to-trough decline	—	-10.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.64%	—

Volatility

Volatility by Period

	OFSAX	ICISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.46%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.61%	—

OFSAX vs. ICISX - Expense Ratio Comparison

OFSAX has a 1.60% expense ratio, which is higher than ICISX's 0.92% expense ratio.

Dividends

OFSAX vs. ICISX - Dividend Comparison

OFSAX's dividend yield for the trailing twelve months is around 7.95%, less than ICISX's 22.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICISX VY Columbia Small Cap Value II Portfolio	22.36%	27.95%	11.14%	7.68%	17.24%	0.74%	4.30%	13.90%	14.67%	4.45%	4.26%	0.62%
OFSAX Olstein Strategic Opportunities Fund	7.95%	2.63%	6.92%	0.09%	1.67%	10.25%	0.00%	0.00%	0.94%	0.00%	0.00%	10.33%

Frequently Asked Questions

Can I hold both OFSAX and ICISX in my portfolio?

OFSAX and ICISX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.