OFVIX vs. ^GSPC
Compare and contrast key facts about O'Shaughnessy Market Leaders Value Fund (OFVIX) and S&P 500 (^GSPC).
OFVIX is managed by O'Shaughnessy Mutual Funds. It was launched on Feb 26, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OFVIX or ^GSPC.
Correlation
The correlation between OFVIX and ^GSPC is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OFVIX vs. ^GSPC - Performance Comparison
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Key characteristics
OFVIX:
0.82
^GSPC:
0.50
OFVIX:
1.21
^GSPC:
0.86
OFVIX:
1.18
^GSPC:
1.13
OFVIX:
0.79
^GSPC:
0.54
OFVIX:
2.69
^GSPC:
2.05
OFVIX:
5.61%
^GSPC:
4.97%
OFVIX:
18.88%
^GSPC:
19.69%
OFVIX:
-41.88%
^GSPC:
-56.78%
OFVIX:
-6.55%
^GSPC:
-4.88%
Returns By Period
In the year-to-date period, OFVIX achieves a 1.70% return, which is significantly higher than ^GSPC's -0.63% return.
OFVIX
1.70%
11.27%
-3.88%
15.38%
14.84%
19.82%
N/A
^GSPC
-0.63%
13.31%
-1.23%
9.83%
14.42%
14.61%
10.64%
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Risk-Adjusted Performance
OFVIX vs. ^GSPC — Risk-Adjusted Performance Rank
OFVIX
^GSPC
OFVIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for O'Shaughnessy Market Leaders Value Fund (OFVIX) and S&P 500 (^GSPC). 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.
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Drawdowns
OFVIX vs. ^GSPC - Drawdown Comparison
The maximum OFVIX drawdown since its inception was -41.88%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for OFVIX and ^GSPC. For additional features, visit the drawdowns tool.
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Volatility
OFVIX vs. ^GSPC - Volatility Comparison
O'Shaughnessy Market Leaders Value Fund (OFVIX) has a higher volatility of 5.05% compared to S&P 500 (^GSPC) at 4.72%. This indicates that OFVIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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