ORILX vs. NSIVX
ORILX (North Square Multi Strategy Fund) and NSIVX (North Square Altrinsic International Equity Fund) are both mutual funds - ORILX is a Diversified Portfolio fund managed by North Square, while NSIVX is a Foreign Large Cap Equities fund managed by North Square. Over the past 5 years, ORILX returned 7.51%/yr vs 8.59%/yr for NSIVX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. ORILX charges 0.79%/yr vs 0.97%/yr for NSIVX.
Performance
ORILX vs. NSIVX - Performance Comparison
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Returns By Period
In the year-to-date period, ORILX achieves a 9.12% return, which is significantly lower than NSIVX's 10.59% return.
ORILX
- 1D
- 1.10%
- 1M
- -0.26%
- 6M
- 6.84%
- YTD
- 9.12%
- 1Y
- 17.91%
- 3Y*
- 12.80%
- 5Y*
- 7.51%
- 10Y*
- 10.55%
- ALL TIME*
- 6.45%
NSIVX
- 1D
- 0.61%
- 1M
- 2.08%
- 6M
- 8.42%
- YTD
- 10.59%
- 1Y
- 22.43%
- 3Y*
- 13.92%
- 5Y*
- 8.59%
- 10Y*
- —
- ALL TIME*
- 9.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ORILX vs. NSIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ORILX North Square Multi Strategy Fund | 9.12% | 12.28% | 12.14% | 18.00% | -16.48% | 21.16% | 3.20% |
NSIVX North Square Altrinsic International Equity Fund | 10.59% | 25.40% | 3.65% | 14.88% | -8.10% | 6.38% | 1.71% |
Correlation
The correlation between ORILX and NSIVX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.74 |
The correlation between ORILX and NSIVX has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
ORILX vs. NSIVX — Risk / Return Rank
ORILX
NSIVX
ORILX vs. NSIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Square Multi Strategy Fund (ORILX) and North Square Altrinsic International Equity Fund (NSIVX). 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.
| ORILX | NSIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.96 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.17 | 6.45 | +2.72 |
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Drawdowns
ORILX vs. NSIVX - Drawdown Comparison
The maximum ORILX drawdown since its inception was -50.59%, which is greater than NSIVX's maximum drawdown of -25.86%. Use the drawdown chart below to compare losses from any high point for ORILX and NSIVX.
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Drawdown Indicators
| ORILX | NSIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.59% | -25.86% | -24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -10.83% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -12.27% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -25.07% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | 0.00% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -4.69% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 3.28% | -1.50% |
Volatility
ORILX vs. NSIVX - Volatility Comparison
The current volatility for North Square Multi Strategy Fund (ORILX) is 2.50%, while North Square Altrinsic International Equity Fund (NSIVX) has a volatility of 3.23%. This indicates that ORILX experiences smaller price fluctuations and is considered to be less risky than NSIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ORILX | NSIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.23% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 9.76% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 12.21% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 13.83% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 13.53% | +2.21% |
ORILX vs. NSIVX - Expense Ratio Comparison
ORILX has a 0.79% expense ratio, which is lower than NSIVX's 0.97% expense ratio.
Dividends
ORILX vs. NSIVX - Dividend Comparison
ORILX's dividend yield for the trailing twelve months is around 10.53%, more than NSIVX's 9.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NSIVX North Square Altrinsic International Equity Fund | 9.94% | 11.00% | 5.59% | 1.59% | 1.51% | 1.91% | 0.11% | 0.00% | 0.00% |
ORILX North Square Multi Strategy Fund | 10.53% | 11.49% | 1.96% | 1.15% | 47.95% | 6.08% | 0.00% | 6.54% | 54.03% |
Frequently Asked Questions
ORILX and NSIVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSIVX has higher volatility (3.23%) compared to ORILX (2.50%). In terms of maximum drawdown, ORILX dropped -50.59% vs NSIVX's -25.86%.
NSIVX currently has the higher Sharpe Ratio (1.75 vs 1.56), 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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