OFSAX vs. OFALX

Last updated Aug 1, 2026

OFSAX (Olstein Strategic Opportunities Fund) and OFALX (Olstein All Cap Value Fund) are both mutual funds - OFSAX is a Small Cap Value Equities fund managed by Olstein, while OFALX is a Large Cap Value Equities fund managed by Olstein. Their correlation of 0.94 means they have usually moved in the same direction. OFSAX charges 1.60%/yr vs 2.15%/yr for OFALX.

Performance

OFSAX vs. OFALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Olstein Strategic Opportunities Fund (OFSAX) and Olstein All Cap Value Fund (OFALX). 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*: —

OFALX

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

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

OFSAX vs. OFALX - 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%
OFALX Olstein All Cap Value Fund	7.06%	7.07%	8.94%	11.39%	-19.24%	25.52%	10.01%	31.54%	-11.04%	14.30%

Correlation

The correlation between OFSAX and OFALX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Nov 6, 2006	0.94

The correlation between OFSAX and OFALX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

OFSAX vs. OFALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Olstein Strategic Opportunities Fund (OFSAX) and Olstein All Cap Value Fund (OFALX). 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.

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

Drawdowns

Volatility

OFSAX vs. OFALX - Expense Ratio Comparison

OFSAX has a 1.60% expense ratio, which is lower than OFALX's 2.15% expense ratio.

Dividends

OFSAX vs. OFALX - Dividend Comparison

OFSAX's dividend yield for the trailing twelve months is around 7.95%, which matches OFALX's 7.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OFALX Olstein All Cap Value Fund	7.99%	8.56%	11.24%	0.13%	10.61%	19.70%	0.18%	6.55%	11.05%	6.08%	0.22%	17.34%
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 OFALX in my portfolio?

With a correlation of 0.91, OFSAX and OFALX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.