OFSAX vs. VSCAX

Last updated Aug 1, 2026

OFSAX (Olstein Strategic Opportunities Fund) and VSCAX (Invesco Small Cap Value Fund) are both Small Cap Value Equities funds. Their correlation of 0.90 means they have usually moved in the same direction. OFSAX charges 1.60%/yr vs 1.12%/yr for VSCAX.

Performance

OFSAX vs. VSCAX - Performance Comparison

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

VSCAX

• 1D: 2.74%
• 1M: -4.65%
• 6M: 10.32%
• YTD: 21.61%
• 1Y: 43.14%
• 3Y*: 24.02%
• 5Y*: 19.52%
• 10Y*: 16.74%
• ALL TIME*: 12.37%

*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)
VSCAX Invesco Small Cap Value Fund	$0.00	$0.00	$0.00

OFSAX vs. VSCAX - 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%
VSCAX Invesco Small Cap Value Fund	21.61%	17.70%	24.54%	22.84%	4.31%	36.34%	10.81%	32.02%	-25.64%	18.17%

Correlation

The correlation between OFSAX and VSCAX is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Nov 6, 2006	0.90

The correlation between OFSAX and VSCAX shifts across timeframes, from 0.70 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OFSAX vs. VSCAX — 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.

VSCAX

VSCAX Risk / Return Rank: 76
VSCAX Sharpe Ratio Rank: 74
VSCAX Sortino Ratio Rank: 68
VSCAX Omega Ratio Rank: 66
VSCAX Calmar Ratio Rank: 89
VSCAX Martin Ratio Rank: 84

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. VSCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Olstein Strategic Opportunities Fund (OFSAX) and Invesco Small Cap Value Fund (VSCAX). 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	VSCAX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.26	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	3.25	—
Martin ratio: Return relative to average drawdown	—	10.24	—

Drawdowns

Drawdown Indicators

	OFSAX	VSCAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-57.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.77%	—
Current Drawdown Current decline from peak	—	-9.71%	—
Average Drawdown Average peak-to-trough decline	—	-8.87%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.86%	—

Volatility

Volatility by Period

	OFSAX	VSCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.44%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.73%	—

OFSAX vs. VSCAX - Expense Ratio Comparison

OFSAX has a 1.60% expense ratio, which is higher than VSCAX's 1.12% expense ratio.

Dividends

OFSAX vs. VSCAX - Dividend Comparison

OFSAX's dividend yield for the trailing twelve months is around 7.95%, more than VSCAX's 7.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VSCAX Invesco Small Cap Value Fund	7.58%	9.22%	7.90%	4.93%	10.12%	16.90%	0.30%	2.53%	28.45%	16.65%	1.71%	11.08%

Frequently Asked Questions

Can I hold both OFSAX and VSCAX in my portfolio?

OFSAX and VSCAX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.