OSTFX vs. FULVX

Last updated Jun 24, 2026

OSTFX (Osterweis Fund) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both Large Cap Blend Equities funds. A 0.79 correlation means they provide meaningful diversification when combined. OSTFX charges 0.95%/yr vs 0.66%/yr for FULVX.

Performance

OSTFX vs. FULVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osterweis Fund (OSTFX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OSTFX

• 1D: -0.67%
• 1M: -0.53%
• YTD: 4.18%
• 6M: 3.29%
• 1Y: 15.34%
• 3Y*: 14.30%
• 5Y*: 7.20%
• 10Y*: 12.08%

FULVX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OSTFX vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
OSTFX Osterweis Fund	4.18%	12.85%	13.48%	22.64%	-22.01%	22.58%	23.20%	13.02%
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	5.23%	17.76%	6.38%	-10.43%	17.79%	3.83%	4.30%

Correlation

The correlation between OSTFX and FULVX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.79

Over the past year, the correlation between OSTFX and FULVX has dropped to 0.58 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

OSTFX vs. FULVX — Risk / Return Rank

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

OSTFX

OSTFX Risk / Return Rank: 28
OSTFX Sharpe Ratio Rank: 28
OSTFX Sortino Ratio Rank: 28
OSTFX Omega Ratio Rank: 26
OSTFX Calmar Ratio Rank: 23
OSTFX Martin Ratio Rank: 33

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

OSTFX vs. FULVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osterweis Fund (OSTFX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). 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.

	OSTFX	FULVX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	2.03	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.63	—	—
Martin ratio: Return relative to average drawdown	7.08	—	—

Drawdowns

Drawdown Indicators

	OSTFX	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-40.63%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.54%	—	—
Current Drawdown Current decline from peak	-1.52%	—	—
Average Drawdown Average peak-to-trough decline	-6.83%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	OSTFX	FULVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	—	—

OSTFX vs. FULVX - Expense Ratio Comparison

OSTFX has a 0.95% expense ratio, which is higher than FULVX's 0.66% expense ratio.

Dividends

OSTFX vs. FULVX - Dividend Comparison

OSTFX's dividend yield for the trailing twelve months is around 5.74%, less than FULVX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%	0.00%	0.00%	0.00%	0.00%
OSTFX Osterweis Fund	5.74%	5.98%	14.93%	4.01%	7.81%	12.83%	5.48%	14.46%	29.80%	43.97%	7.35%	22.55%

Frequently Asked Questions

Can I hold both OSTFX and FULVX in my portfolio?

OSTFX and FULVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.