OSTVX vs. OSTFX

Last updated Jun 3, 2026

OSTVX (Osterweis Growth & Income Fund) and OSTFX (Osterweis Fund) are both mutual funds - OSTVX is a Diversified Portfolio fund managed by Osterweis, while OSTFX is a Large Cap Blend Equities fund managed by Osterweis. Over the past 10 years, OSTVX returned 8.42%/yr vs 11.78%/yr for OSTFX. With a 0.98 correlation, they move nearly in lockstep. OSTVX charges 0.93%/yr vs 0.95%/yr for OSTFX.

Performance

OSTVX vs. OSTFX - Performance Comparison

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

Returns By Period

In the year-to-date period, OSTVX achieves a 3.50% return, which is significantly lower than OSTFX's 4.33% return. Over the past 10 years, OSTVX has underperformed OSTFX with an annualized return of 8.42%, while OSTFX has yielded a comparatively higher 11.78% annualized return.

OSTVX

• 1D: -0.39%
• 1M: 0.06%
• YTD: 3.50%
• 6M: 3.52%
• 1Y: 12.71%
• 3Y*: 11.05%
• 5Y*: 4.51%
• 10Y*: 8.42%

OSTFX

• 1D: -0.53%
• 1M: -0.34%
• YTD: 4.33%
• 6M: 3.98%
• 1Y: 16.80%
• 3Y*: 14.70%
• 5Y*: 7.38%
• 10Y*: 11.78%

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

OSTVX vs. OSTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OSTVX Osterweis Growth & Income Fund	3.50%	10.03%	9.99%	14.76%	-15.08%	11.70%	17.58%	25.30%	-7.48%	12.88%
OSTFX Osterweis Fund	4.33%	12.85%	13.48%	22.64%	-22.01%	22.58%	23.20%	43.39%	-7.85%	14.82%

Correlation

The correlation between OSTVX and OSTFX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.98

The correlation between OSTVX and OSTFX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

OSTVX vs. OSTFX — Risk / Return Rank

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

OSTVX

OSTVX Risk / Return Rank: 35
OSTVX Sharpe Ratio Rank: 35
OSTVX Sortino Ratio Rank: 35
OSTVX Omega Ratio Rank: 34
OSTVX Calmar Ratio Rank: 28
OSTVX Martin Ratio Rank: 46

OSTFX

OSTFX Risk / Return Rank: 26
OSTFX Sharpe Ratio Rank: 27
OSTFX Sortino Ratio Rank: 27
OSTFX Omega Ratio Rank: 25
OSTFX Calmar Ratio Rank: 21
OSTFX Martin Ratio Rank: 32

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.

OSTVX vs. OSTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osterweis Growth & Income Fund (OSTVX) and Osterweis Fund (OSTFX). 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.

	OSTVX	OSTFX	Difference
Sharpe ratio Return per unit of total volatility	1.68	1.48	+0.20
Sortino ratio Return per unit of downside risk	2.44	2.17	+0.28
Omega ratio Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio Return relative to maximum drawdown	1.99	1.70	+0.29
Martin ratio Return relative to average drawdown	9.69	7.48	+2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSTVX vs. OSTFX - Sharpe Ratio Comparison

The current OSTVX Sharpe Ratio is 1.68, which is comparable to the OSTFX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of OSTVX and OSTFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OSTVX	OSTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	1.48	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.47	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.70	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.71	+0.05

Drawdowns

OSTVX vs. OSTFX - Drawdown Comparison

The maximum OSTVX drawdown since its inception was -25.94%, smaller than the maximum OSTFX drawdown of -40.63%. Use the drawdown chart below to compare losses from any high point for OSTVX and OSTFX.

Drawdown Indicators

	OSTVX	OSTFX	Difference
Max Drawdown Largest peak-to-trough decline	-25.94%	-40.63%	+14.69%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-10.06%	+3.51%
Max Drawdown (3Y) Largest decline over 3 years	-10.63%	-15.80%	+5.17%
Max Drawdown (5Y) Largest decline over 5 years	-23.71%	-27.62%	+3.91%
Max Drawdown (10Y) Largest decline over 10 years	-25.94%	-32.54%	+6.60%
Current Drawdown Current decline from peak	-0.72%	-1.38%	+0.66%
Average Drawdown Average peak-to-trough decline	-4.42%	-6.84%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	2.29%	-0.94%

Volatility

OSTVX vs. OSTFX - Volatility Comparison

The current volatility for Osterweis Growth & Income Fund (OSTVX) is 1.93%, while Osterweis Fund (OSTFX) has a volatility of 2.76%. This indicates that OSTVX experiences smaller price fluctuations and is considered to be less risky than OSTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSTVX	OSTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	2.76%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	5.98%	8.88%	-2.90%
Volatility (1Y) Calculated over the trailing 1-year period	7.69%	11.55%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.64%	15.62%	-4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.49%	16.82%	-5.33%

OSTVX vs. OSTFX - Expense Ratio Comparison

OSTVX has a 0.93% expense ratio, which is lower than OSTFX's 0.95% expense ratio.

Dividends

OSTVX vs. OSTFX - Dividend Comparison

OSTVX's dividend yield for the trailing twelve months is around 2.87%, less than OSTFX's 5.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
OSTVX Osterweis Growth & Income Fund	2.87%	2.97%	9.16%	4.44%	8.02%	2.42%	3.60%	5.99%	10.01%	5.13%	3.61%	4.27%

Frequently Asked Questions

Can I hold both OSTVX and OSTFX in my portfolio?

With a correlation of 0.99, OSTVX and OSTFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OSTVX or OSTFX?

OSTFX has higher volatility (2.76%) compared to OSTVX (1.93%). In terms of maximum drawdown, OSTVX dropped -25.94% vs OSTFX's -40.63%.

Which has better risk-adjusted returns?

OSTVX currently has the higher Sharpe Ratio (1.68 vs 1.48), 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.