OFSAX vs. NSDVX

Last updated Aug 1, 2026

OFSAX (Olstein Strategic Opportunities Fund) and NSDVX (North Star Dividend Fund) are both Small Cap Value Equities funds. Their 0.80 correlation means they have sometimes moved together and sometimes differently. OFSAX charges 1.60%/yr vs 1.37%/yr for NSDVX.

Performance

OFSAX vs. NSDVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Olstein Strategic Opportunities Fund (OFSAX) and North Star Dividend Fund (NSDVX). 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*: —

NSDVX

• 1D: -0.81%
• 1M: 0.62%
• 6M: 14.93%
• YTD: 22.74%
• 1Y: 29.44%
• 3Y*: 10.98%
• 5Y*: 5.92%
• 10Y*: 7.21%
• ALL TIME*: 8.10%

*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)
NSDVX North Star Dividend Fund	$0.00	$0.00	$0.00

OFSAX vs. NSDVX - 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%
NSDVX North Star Dividend Fund	22.74%	-1.31%	9.25%	8.06%	-6.36%	16.16%	6.51%	16.13%	-12.35%	8.27%

Correlation

The correlation between OFSAX and NSDVX is 0.69, 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.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since May 31, 2013	0.80

The correlation between OFSAX and NSDVX shifts across timeframes, from 0.69 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

OFSAX vs. NSDVX — 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.

NSDVX

NSDVX Risk / Return Rank: 74
NSDVX Sharpe Ratio Rank: 78
NSDVX Sortino Ratio Rank: 80
NSDVX Omega Ratio Rank: 74
NSDVX Calmar Ratio Rank: 78
NSDVX Martin Ratio Rank: 59

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. NSDVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Olstein Strategic Opportunities Fund (OFSAX) and North Star Dividend Fund (NSDVX). 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	NSDVX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.78	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.56	—
Martin ratio: Return relative to average drawdown	—	7.64	—

Drawdowns

Drawdown Indicators

	OFSAX	NSDVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.64%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.64%	—
Current Drawdown Current decline from peak	—	-1.68%	—
Average Drawdown Average peak-to-trough decline	—	-6.48%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.50%	—

Volatility

Volatility by Period

	OFSAX	NSDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.03%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.75%	—

OFSAX vs. NSDVX - Expense Ratio Comparison

OFSAX has a 1.60% expense ratio, which is higher than NSDVX's 1.37% expense ratio.

Dividends

OFSAX vs. NSDVX - Dividend Comparison

OFSAX's dividend yield for the trailing twelve months is around 7.95%, more than NSDVX's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSDVX North Star Dividend Fund	2.74%	3.45%	7.00%	2.52%	6.57%	3.31%	1.52%	2.64%	6.87%	2.48%	4.67%	3.51%
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 NSDVX in my portfolio?

OFSAX and NSDVX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.