OSTFX vs. ORDNX

Last updated Aug 1, 2026

OSTFX (Osterweis Fund) and ORDNX (North Square Preferred and Income Securities Fund) are both mutual funds - OSTFX is a Large Cap Blend Equities fund managed by Osterweis, while ORDNX is a Preferred Stock fund managed by North Square. Over the past 10 years, OSTFX returned 11.68%/yr vs 11.18%/yr for ORDNX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. OSTFX charges 0.95%/yr vs 1.27%/yr for ORDNX.

Performance

OSTFX vs. ORDNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osterweis Fund (OSTFX) and North Square Preferred and Income Securities Fund (ORDNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSTFX achieves a 6.14% return, which is significantly higher than ORDNX's 1.10% return. Both investments have delivered pretty close results over the past 10 years, with OSTFX having a 11.68% annualized return and ORDNX not far behind at 11.18%.

OSTFX

• 1D: 1.05%
• 1M: -0.42%
• 6M: 4.56%
• YTD: 6.14%
• 1Y: 14.39%
• 3Y*: 13.00%
• 5Y*: 7.05%
• 10Y*: 11.68%
• ALL TIME*: 10.45%

ORDNX

• 1D: -0.06%
• 1M: -0.86%
• 6M: 0.40%
• YTD: 1.10%
• 1Y: 3.83%
• 3Y*: 9.50%
• 5Y*: 5.87%
• 10Y*: 11.18%
• ALL TIME*: 10.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ORDNX North Square Preferred and Income Securities Fund	$0.00	$0.00	$0.00
OSTFX Osterweis Fund	$0.00	$0.00	$0.00

OSTFX vs. ORDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OSTFX Osterweis Fund	6.14%	12.85%	13.48%	22.64%	-22.01%	22.58%	23.20%	43.39%	-7.85%	14.82%
ORDNX North Square Preferred and Income Securities Fund	1.10%	7.30%	14.81%	15.24%	-14.22%	27.51%	12.29%	31.10%	-0.98%	20.57%

Correlation

The correlation between OSTFX and ORDNX is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (5Y) Shows whether the relationship held over a longer period.	0.39
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.69

Over the past year, the correlation between OSTFX and ORDNX has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

OSTFX vs. ORDNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OSTFX

OSTFX Risk / Return Rank: 28
OSTFX Sharpe Ratio Rank: 29
OSTFX Sortino Ratio Rank: 29
OSTFX Omega Ratio Rank: 27
OSTFX Calmar Ratio Rank: 24
OSTFX Martin Ratio Rank: 33

ORDNX

ORDNX Risk / Return Rank: 59
ORDNX Sharpe Ratio Rank: 72
ORDNX Sortino Ratio Rank: 71
ORDNX Omega Ratio Rank: 76
ORDNX Calmar Ratio Rank: 34
ORDNX Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OSTFX vs. ORDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osterweis Fund (OSTFX) and North Square Preferred and Income Securities Fund (ORDNX). 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	ORDNX	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.67	-0.66
Sortino ratio: Return per unit of downside risk	1.50	2.40	-0.91
Omega ratio: Gain probability vs. loss probability	1.18	1.33	-0.16
Calmar ratio: Return relative to maximum drawdown	1.19	1.45	-0.26
Martin ratio: Return relative to average drawdown	5.15	5.86	-0.70

OSTFX vs. ORDNX - Sharpe Ratio Comparison

The current OSTFX Sharpe Ratio is 1.00, which is lower than the ORDNX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of OSTFX and ORDNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OSTFX vs. ORDNX - Drawdown Comparison

The maximum OSTFX drawdown since its inception was -40.63%, which is greater than ORDNX's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for OSTFX and ORDNX.

Drawdown Indicators

	OSTFX	ORDNX	Difference
Max Drawdown Largest peak-to-trough decline	-40.63%	-34.40%	-6.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-2.66%	-7.40%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-5.50%	-10.30%
Max Drawdown (5Y) Largest decline over 5 years	-27.62%	-18.77%	-8.85%
Max Drawdown (10Y) Largest decline over 10 years	-32.54%	-34.40%	+1.86%
Current Drawdown Current decline from peak	-0.85%	-0.90%	+0.05%
Average Drawdown Average peak-to-trough decline	-6.81%	-3.77%	-3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	0.66%	+1.67%

Volatility

OSTFX vs. ORDNX - Volatility Comparison

Osterweis Fund (OSTFX) has a higher volatility of 2.76% compared to North Square Preferred and Income Securities Fund (ORDNX) at 0.49%. This indicates that OSTFX's price experiences larger fluctuations and is considered to be riskier than ORDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSTFX	ORDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	0.49%	+2.27%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	2.00%	+7.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	2.30%	+9.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	6.39%	+9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	14.07%	+2.71%

OSTFX vs. ORDNX - Expense Ratio Comparison

OSTFX has a 0.95% expense ratio, which is lower than ORDNX's 1.27% expense ratio.

Dividends

OSTFX vs. ORDNX - Dividend Comparison

OSTFX's dividend yield for the trailing twelve months is around 5.64%, less than ORDNX's 6.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ORDNX North Square Preferred and Income Securities Fund	6.78%	6.99%	5.50%	5.72%	15.30%	8.48%	2.77%	1.85%	3.13%	1.22%	2.65%	2.98%
OSTFX Osterweis Fund	5.64%	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 ORDNX in my portfolio?

OSTFX and ORDNX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSTFX or ORDNX?

OSTFX has higher volatility (2.76%) compared to ORDNX (0.49%). In terms of maximum drawdown, OSTFX dropped -40.63% vs ORDNX's -34.40%.

Which has better risk-adjusted returns?

ORDNX currently has the higher Sharpe Ratio (1.67 vs 1.00), 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.