RAIIX vs. OAKEX
Compare and contrast key facts about Manning & Napier Rainier International Discovery Series (RAIIX) and Oakmark International Small Cap Fund (OAKEX).
RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012. OAKEX is managed by Oakmark. It was launched on Oct 31, 1995.
Performance
RAIIX vs. OAKEX - Performance Comparison
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RAIIX vs. OAKEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 0.78% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -18.03% | 42.04% |
OAKEX Oakmark International Small Cap Fund | -8.12% | 29.51% | -3.00% | 19.59% | -14.50% | 17.90% | 5.00% | 31.91% | -23.71% | 26.03% |
Returns By Period
In the year-to-date period, RAIIX achieves a 0.78% return, which is significantly higher than OAKEX's -8.12% return. Over the past 10 years, RAIIX has outperformed OAKEX with an annualized return of 7.92%, while OAKEX has yielded a comparatively lower 7.23% annualized return.
RAIIX
- 1D
- 2.96%
- 1M
- -8.84%
- YTD
- 0.78%
- 6M
- 0.44%
- 1Y
- 25.58%
- 3Y*
- 9.07%
- 5Y*
- 1.26%
- 10Y*
- 7.92%
OAKEX
- 1D
- 2.49%
- 1M
- -8.66%
- YTD
- -8.12%
- 6M
- -6.97%
- 1Y
- 9.88%
- 3Y*
- 9.01%
- 5Y*
- 4.30%
- 10Y*
- 7.23%
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RAIIX vs. OAKEX - Expense Ratio Comparison
RAIIX has a 1.12% expense ratio, which is lower than OAKEX's 1.34% expense ratio.
Return for Risk
RAIIX vs. OAKEX — Risk / Return Rank
RAIIX
OAKEX
RAIIX vs. OAKEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and Oakmark International Small Cap Fund (OAKEX). 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.
| RAIIX | OAKEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.60 | +1.07 |
Sortino ratioReturn per unit of downside risk | 2.27 | 0.91 | +1.36 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.12 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.45 | +1.66 |
Martin ratioReturn relative to average drawdown | 8.42 | 1.55 | +6.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RAIIX | OAKEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.60 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.25 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.39 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.42 | +0.16 |
Correlation
The correlation between RAIIX and OAKEX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RAIIX vs. OAKEX - Dividend Comparison
RAIIX's dividend yield for the trailing twelve months is around 2.80%, less than OAKEX's 5.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAIIX Manning & Napier Rainier International Discovery Series | 2.80% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
OAKEX Oakmark International Small Cap Fund | 5.71% | 5.24% | 6.38% | 1.83% | 1.89% | 0.61% | 1.87% | 0.21% | 8.93% | 3.64% | 3.09% | 5.06% |
Drawdowns
RAIIX vs. OAKEX - Drawdown Comparison
The maximum RAIIX drawdown since its inception was -39.87%, smaller than the maximum OAKEX drawdown of -70.12%. Use the drawdown chart below to compare losses from any high point for RAIIX and OAKEX.
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Drawdown Indicators
| RAIIX | OAKEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -70.12% | +30.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -17.18% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -38.40% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | -49.61% | +9.74% |
Current DrawdownCurrent decline from peak | -9.39% | -12.85% | +3.46% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -13.53% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 4.98% | -1.98% |
Volatility
RAIIX vs. OAKEX - Volatility Comparison
Manning & Napier Rainier International Discovery Series (RAIIX) has a higher volatility of 6.99% compared to Oakmark International Small Cap Fund (OAKEX) at 6.45%. This indicates that RAIIX's price experiences larger fluctuations and is considered to be riskier than OAKEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIIX | OAKEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 6.45% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 10.96% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 16.66% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.61% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 18.60% | -1.73% |