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ORSIX vs. NMKBX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ORSIX vs. NMKBX

Last updated Jun 24, 2026

ORSIX (North Square Dynamic Small Cap Fund) and NMKBX (North Square McKee Bond Fund) are both mutual funds - ORSIX is a Small Cap Blend Equities fund managed by North Square, while NMKBX is a Intermediate Core Bond fund managed by North Square. Over the past 5 years, ORSIX returned 11.36%/yr vs 0.90%/yr for NMKBX. At a 0.17 correlation, their price movements are largely independent. ORSIX charges 1.36%/yr vs 0.28%/yr for NMKBX.

Performance

ORSIX vs. NMKBX - Performance Comparison

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

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Returns By Period

In the year-to-date period, ORSIX achieves a 21.30% return, which is significantly higher than NMKBX's 0.38% return.

ORSIX

1D
0.67%
1M
3.80%
YTD
21.30%
6M
19.09%
1Y
42.17%
3Y*
22.29%
5Y*
11.36%
10Y*
15.08%

NMKBX

1D
-0.34%
1M
0.47%
YTD
0.38%
6M
0.56%
1Y
4.36%
3Y*
4.38%
5Y*
0.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ORSIX vs. NMKBX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ORSIX
North Square Dynamic Small Cap Fund		21.30%10.44%14.94%29.16%-18.46%24.36%-1.07%
NMKBX
North Square McKee Bond Fund		0.38%7.26%1.78%5.96%-9.46%-1.24%0.10%

Correlation

The correlation between ORSIX and NMKBX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Dec 29, 2020

0.17

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

North Square Dynamic Small Cap Fund

North Square McKee Bond Fund

Often compared with ORSIX:
ORSIX vs. ORILXORSIX vs. ORIGXORSIX vs. NSIVXORSIX vs. ADVGXORSIX vs. ADVNXORSIX vs. ORDNXORSIX vs. CAMSX
Often compared with NMKBX:
NMKBX vs. ADVGXNMKBX vs. ORIGXNMKBX vs. ORILXNMKBX vs. ADVNXNMKBX vs. NSIVXNMKBX vs. ORDNXNMKBX vs. BIMIX

Return for Risk

ORSIX vs. NMKBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ORSIX
ORSIX Risk / Return Rank: 7777
Overall Rank
ORSIX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ORSIX Sortino Ratio Rank: 7070
Sortino Ratio Rank
ORSIX Omega Ratio Rank: 5858
Omega Ratio Rank
ORSIX Calmar Ratio Rank: 9393
Calmar Ratio Rank
ORSIX Martin Ratio Rank: 9090
Martin Ratio Rank
NMKBX
NMKBX Risk / Return Rank: 2323
Overall Rank
NMKBX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
NMKBX Sortino Ratio Rank: 2323
Sortino Ratio Rank
NMKBX Omega Ratio Rank: 2020
Omega Ratio Rank
NMKBX Calmar Ratio Rank: 2525
Calmar Ratio Rank
NMKBX Martin Ratio Rank: 2222
Martin Ratio Rank
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.

ORSIX vs. NMKBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Square Dynamic Small Cap Fund (ORSIX) 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.

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.

ORSIXNMKBXDifference
Sharpe ratioReturn per unit of total volatility
2.32
1.23

+1.09

Sortino ratioReturn per unit of downside risk
3.18
1.84

+1.34

Omega ratioGain probability vs. loss probability

1.38

1.21

+0.17

Calmar ratioReturn relative to maximum drawdown

4.90

1.71

+3.19

Martin ratioReturn relative to average drawdown

16.62

4.95

+11.67

ORSIX vs. NMKBX - Sharpe Ratio Comparison

The current ORSIX Sharpe Ratio is 2.32, which is higher than the NMKBX Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of ORSIX and NMKBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ORSIX vs. NMKBX - Drawdown Comparison

The maximum ORSIX drawdown since its inception was -42.58%, which is greater than NMKBX's maximum drawdown of -14.25%. Use the drawdown chart below to compare losses from any high point for ORSIX and NMKBX.

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Drawdown Indicators

ORSIXNMKBXDifference

Max Drawdown

Largest peak-to-trough decline

-42.58%

-14.25%

-28.33%

Max Drawdown (1Y)

Largest decline over 1 year

-9.00%

-2.69%

-6.31%

Max Drawdown (3Y)

Largest decline over 3 years

-26.57%

-6.84%

-19.73%

Max Drawdown (5Y)

Largest decline over 5 years

-31.32%

-14.25%

-17.07%

Max Drawdown (10Y)

Largest decline over 10 years

-42.58%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.45%

+1.45%

Average Drawdown

Average peak-to-trough decline

-8.23%

-4.50%

-3.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

0.93%

+1.72%

Volatility

ORSIX vs. NMKBX - Volatility Comparison

North Square Dynamic Small Cap Fund (ORSIX) has a higher volatility of 5.77% compared to North Square McKee Bond Fund (NMKBX) at 1.18%. This indicates that ORSIX'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.

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Volatility by Period

ORSIXNMKBXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.77%

1.18%

+4.59%

Volatility (6M)

Calculated over the trailing 6-month period

14.01%

2.80%

+11.21%

Volatility (1Y)

Calculated over the trailing 1-year period

19.01%

3.75%

+15.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.59%

5.44%

+17.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.40%

5.23%

+18.17%

ORSIX vs. NMKBX - Expense Ratio Comparison

ORSIX has a 1.36% expense ratio, which is higher than NMKBX's 0.28% expense ratio.

Dividends

ORSIX vs. NMKBX - Dividend Comparison

ORSIX's dividend yield for the trailing twelve months is around 2.32%, less than NMKBX's 4.19% yield.

PositionTTM20252024202320222021202020192018201720162015
NMKBX
North Square McKee Bond Fund		4.19%4.25%4.19%3.54%2.12%0.77%0.00%0.00%0.00%0.00%0.00%0.00%
ORSIX
North Square Dynamic Small Cap Fund		2.32%2.82%5.56%0.16%0.21%46.91%1.85%0.26%21.64%0.31%0.29%0.37%

Frequently Asked Questions

ORSIX and NMKBX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ORSIX has higher volatility (5.77%) compared to NMKBX (1.18%). In terms of maximum drawdown, ORSIX dropped -42.58% vs NMKBX's -14.25%.

ORSIX currently has the higher Sharpe Ratio (2.32 vs 1.23), 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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