ORILX vs. NMKBX

Last updated Apr 1, 2026

Compare and contrast key facts about North Square Multi Strategy Fund (ORILX) and North Square McKee Bond Fund (NMKBX).

ORILX is managed by North Square. It was launched on Feb 28, 1999. NMKBX is managed by North Square. It was launched on Dec 27, 2020.

Performance

ORILX vs. NMKBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Square Multi Strategy Fund (ORILX) and North Square McKee Bond Fund (NMKBX). The values are adjusted to include any dividend payments, if applicable.

ORILX vs. NMKBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ORILX North Square Multi Strategy Fund	-3.49%	12.28%	12.14%	18.00%	-16.48%	21.16%	0.47%
NMKBX North Square McKee Bond Fund	-0.06%	7.26%	1.78%	5.96%	-9.46%	-1.24%	0.10%

Returns By Period

In the year-to-date period, ORILX achieves a -3.49% return, which is significantly lower than NMKBX's -0.06% return.

ORILX

• 1D: -0.29%
• 1M: -6.85%
• YTD: -3.49%
• 6M: -1.83%
• 1Y: 9.85%
• 3Y*: 11.40%
• 5Y*: 6.46%
• 10Y*: 9.50%

NMKBX

• 1D: 0.57%
• 1M: -1.88%
• YTD: -0.06%
• 6M: 0.91%
• 1Y: 4.30%
• 3Y*: 4.08%
• 5Y*: 0.99%
• 10Y*: —

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

ORILX vs. NMKBX - Expense Ratio Comparison

ORILX has a 0.79% expense ratio, which is higher than NMKBX's 0.28% expense ratio.

ORILX

North Square Multi Strategy Fund

NMKBX

North Square McKee Bond Fund

Return for Risk

ORILX vs. NMKBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ORILX

ORILX Risk / Return Rank: 34
ORILX Sharpe Ratio Rank: 34
ORILX Sortino Ratio Rank: 34
ORILX Omega Ratio Rank: 32
ORILX Calmar Ratio Rank: 33
ORILX Martin Ratio Rank: 38

NMKBX

NMKBX Risk / Return Rank: 58
NMKBX Sharpe Ratio Rank: 57
NMKBX Sortino Ratio Rank: 55
NMKBX Omega Ratio Rank: 41
NMKBX Calmar Ratio Rank: 81
NMKBX Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ORILX vs. NMKBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square Multi Strategy Fund (ORILX) and North Square McKee Bond Fund (NMKBX). 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.

	ORILX	NMKBX	Difference
Sharpe ratio Return per unit of total volatility	0.76	1.07	-0.31
Sortino ratio Return per unit of downside risk	1.15	1.53	-0.38
Omega ratio Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio Return relative to maximum drawdown	0.91	1.99	-1.08
Martin ratio Return relative to average drawdown	4.03	5.59	-1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ORILX vs. NMKBX - Sharpe Ratio Comparison

The current ORILX Sharpe Ratio is 0.76, which is comparable to the NMKBX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of ORILX and NMKBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ORILX	NMKBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	1.07	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.19	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.12	+0.22

Correlation

The correlation between ORILX and NMKBX is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ORILX vs. NMKBX - Dividend Comparison

ORILX's dividend yield for the trailing twelve months is around 11.91%, more than NMKBX's 4.24% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ORILX North Square Multi Strategy Fund	11.91%	11.49%	1.96%	1.15%	47.95%	6.08%	0.00%	6.54%	54.03%
NMKBX North Square McKee Bond Fund	4.24%	4.25%	4.19%	3.54%	2.12%	0.77%	0.00%	0.00%	0.00%

Drawdowns

ORILX vs. NMKBX - Drawdown Comparison

The maximum ORILX drawdown since its inception was -50.59%, which is greater than NMKBX's maximum drawdown of -14.25%. Use the drawdown chart below to compare losses from any high point for ORILX and NMKBX.

Drawdown Indicators

	ORILX	NMKBX	Difference
Max Drawdown Largest peak-to-trough decline	-50.59%	-14.25%	-36.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-2.58%	-6.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.71%	-14.25%	-8.46%
Max Drawdown (10Y) Largest decline over 10 years	-32.12%	—	—
Current Drawdown Current decline from peak	-7.30%	-1.88%	-5.42%
Average Drawdown Average peak-to-trough decline	-10.22%	-4.63%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	0.92%	+1.22%

Volatility

ORILX vs. NMKBX - Volatility Comparison

North Square Multi Strategy Fund (ORILX) has a higher volatility of 3.86% compared to North Square McKee Bond Fund (NMKBX) at 1.61%. This indicates that ORILX's price experiences larger fluctuations and is considered to be riskier than NMKBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORILX	NMKBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	1.61%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	7.41%	2.53%	+4.88%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	4.27%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.23%	5.39%	+7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	5.28%	+10.50%