OIFIX vs. BCPIX
OIFIX (Optimum Fixed Income Fund) and BCPIX (Brandes Core Plus Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, OIFIX returned 2.03%/yr vs 1.71%/yr for BCPIX. Their correlation of 0.84 suggests significant overlap in exposure. OIFIX charges 0.80%/yr vs 0.30%/yr for BCPIX.
Performance
OIFIX vs. BCPIX - Performance Comparison
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Returns By Period
In the year-to-date period, OIFIX achieves a 0.24% return, which is significantly higher than BCPIX's -0.08% return. Over the past 10 years, OIFIX has outperformed BCPIX with an annualized return of 2.03%, while BCPIX has yielded a comparatively lower 1.71% annualized return.
OIFIX
- 1D
- -0.24%
- 1M
- 0.73%
- YTD
- 0.24%
- 6M
- 0.48%
- 1Y
- 4.51%
- 3Y*
- 4.25%
- 5Y*
- -0.08%
- 10Y*
- 2.03%
BCPIX
- 1D
- -0.36%
- 1M
- 0.89%
- YTD
- -0.08%
- 6M
- 0.44%
- 1Y
- 3.53%
- 3Y*
- 4.11%
- 5Y*
- 0.73%
- 10Y*
- 1.71%
OIFIX vs. BCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIFIX Optimum Fixed Income Fund | 0.24% | 7.64% | 1.49% | 5.90% | -13.96% | -1.78% | 11.14% | 8.63% | -0.70% | 4.50% |
BCPIX Brandes Core Plus Fixed Income Fund | -0.08% | 6.71% | 1.98% | 6.70% | -10.78% | -0.34% | 5.77% | 6.65% | -0.45% | 2.74% |
Correlation
The correlation between OIFIX and BCPIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.84 |
The correlation between OIFIX and BCPIX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
OIFIX vs. BCPIX — Risk / Return Rank
OIFIX
BCPIX
OIFIX vs. BCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Optimum Fixed Income Fund (OIFIX) and Brandes Core Plus Fixed Income Fund (BCPIX). 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.
| OIFIX | BCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.44 | +0.21 |
| Martin ratioReturn relative to average drawdown | 4.88 | 4.24 | +0.64 |
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Drawdowns
OIFIX vs. BCPIX - Drawdown Comparison
The maximum OIFIX drawdown since its inception was -19.46%, smaller than the maximum BCPIX drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for OIFIX and BCPIX.
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Drawdown Indicators
| OIFIX | BCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.46% | -22.43% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.63% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -5.44% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -15.19% | -4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -19.46% | -15.19% | -4.27% |
Current DrawdownCurrent decline from peak | -1.99% | -1.29% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -4.25% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.89% | +0.12% |
Volatility
OIFIX vs. BCPIX - Volatility Comparison
Optimum Fixed Income Fund (OIFIX) and Brandes Core Plus Fixed Income Fund (BCPIX) have volatilities of 1.12% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIFIX | BCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.17% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.72% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 3.58% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 5.10% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 4.18% | +0.70% |
OIFIX vs. BCPIX - Expense Ratio Comparison
OIFIX has a 0.80% expense ratio, which is higher than BCPIX's 0.30% expense ratio.
Dividends
OIFIX vs. BCPIX - Dividend Comparison
OIFIX's dividend yield for the trailing twelve months is around 3.85%, less than BCPIX's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 4.23% | 4.32% | 3.67% | 2.91% | 2.54% | 1.89% | 1.76% | 2.77% | 2.90% | 2.49% | 2.84% | 2.72% |
OIFIX Optimum Fixed Income Fund | 3.85% | 3.86% | 3.97% | 3.23% | 3.42% | 2.21% | 6.88% | 3.22% | 2.43% | 2.50% | 2.17% | 3.24% |
Frequently Asked Questions
OIFIX and BCPIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCPIX has higher volatility (1.17%) compared to OIFIX (1.12%). In terms of maximum drawdown, OIFIX dropped -19.46% vs BCPIX's -22.43%.
OIFIX currently has the higher Sharpe Ratio (1.26 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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