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SHAPX vs. ORDNX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

SHAPX vs. ORDNX - Performance Comparison

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

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SHAPX vs. ORDNX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SHAPX
ClearBridge Appreciation Fund
-3.71%14.32%22.37%19.50%-12.56%23.52%14.53%29.84%-2.19%18.31%
ORDNX
North Square Preferred and Income Securities Fund
-0.77%7.30%14.81%15.24%-14.22%27.51%12.29%31.10%-0.98%20.57%

Returns By Period

In the year-to-date period, SHAPX achieves a -3.71% return, which is significantly lower than ORDNX's -0.77% return. Over the past 10 years, SHAPX has outperformed ORDNX with an annualized return of 12.29%, while ORDNX has yielded a comparatively lower 11.45% annualized return.


SHAPX

1D
2.70%
1M
-5.35%
YTD
-3.71%
6M
-2.94%
1Y
13.34%
3Y*
15.60%
5Y*
10.41%
10Y*
12.29%

ORDNX

1D
0.43%
1M
-1.55%
YTD
-0.77%
6M
-0.18%
1Y
5.08%
3Y*
12.10%
5Y*
7.57%
10Y*
11.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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SHAPX vs. ORDNX - Expense Ratio Comparison

SHAPX has a 0.93% expense ratio, which is lower than ORDNX's 1.27% expense ratio.


Return for Risk

SHAPX vs. ORDNX — Risk / Return Rank

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

SHAPX
SHAPX Risk / Return Rank: 4848
Overall Rank
SHAPX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
SHAPX Sortino Ratio Rank: 4141
Sortino Ratio Rank
SHAPX Omega Ratio Rank: 4343
Omega Ratio Rank
SHAPX Calmar Ratio Rank: 5454
Calmar Ratio Rank
SHAPX Martin Ratio Rank: 6262
Martin Ratio Rank

ORDNX
ORDNX Risk / Return Rank: 8383
Overall Rank
ORDNX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
ORDNX Sortino Ratio Rank: 8787
Sortino Ratio Rank
ORDNX Omega Ratio Rank: 9191
Omega Ratio Rank
ORDNX Calmar Ratio Rank: 7575
Calmar Ratio Rank
ORDNX Martin Ratio Rank: 7070
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.

SHAPX vs. ORDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Appreciation Fund (SHAPX) 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.


SHAPXORDNXDifference

Sharpe ratio

Return per unit of total volatility

0.85

1.92

-1.07

Sortino ratio

Return per unit of downside risk

1.33

2.42

-1.09

Omega ratio

Gain probability vs. loss probability

1.20

1.43

-0.23

Calmar ratio

Return relative to maximum drawdown

1.36

1.87

-0.52

Martin ratio

Return relative to average drawdown

6.17

7.04

-0.87

SHAPX vs. ORDNX - Sharpe Ratio Comparison

The current SHAPX Sharpe Ratio is 0.85, which is lower than the ORDNX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SHAPX and ORDNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


SHAPXORDNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

1.92

-1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

1.08

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.81

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.73

+0.05

Correlation

The correlation between SHAPX and ORDNX is 0.76, 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

SHAPX vs. ORDNX - Dividend Comparison

SHAPX's dividend yield for the trailing twelve months is around 14.62%, more than ORDNX's 6.74% yield.


TTM20252024202320222021202020192018201720162015
SHAPX
ClearBridge Appreciation Fund
14.62%14.08%9.00%4.17%8.85%6.54%4.13%7.09%6.71%5.10%3.29%4.76%
ORDNX
North Square Preferred and Income Securities Fund
6.74%6.99%5.50%5.72%15.30%8.48%2.77%1.85%3.13%1.22%2.65%2.98%

Drawdowns

SHAPX vs. ORDNX - Drawdown Comparison

The maximum SHAPX drawdown since its inception was -46.19%, which is greater than ORDNX's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for SHAPX and ORDNX.


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Drawdown Indicators


SHAPXORDNXDifference

Max Drawdown

Largest peak-to-trough decline

-46.19%

-34.40%

-11.79%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-2.66%

-7.91%

Max Drawdown (5Y)

Largest decline over 5 years

-20.53%

-18.77%

-1.76%

Max Drawdown (10Y)

Largest decline over 10 years

-32.21%

-34.40%

+2.19%

Current Drawdown

Current decline from peak

-6.27%

-2.15%

-4.12%

Average Drawdown

Average peak-to-trough decline

-4.79%

-3.86%

-0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

0.71%

+1.62%

Volatility

SHAPX vs. ORDNX - Volatility Comparison

ClearBridge Appreciation Fund (SHAPX) has a higher volatility of 4.83% compared to North Square Preferred and Income Securities Fund (ORDNX) at 1.18%. This indicates that SHAPX'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.


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Volatility by Period


SHAPXORDNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.83%

1.18%

+3.65%

Volatility (6M)

Calculated over the trailing 6-month period

8.30%

1.74%

+6.56%

Volatility (1Y)

Calculated over the trailing 1-year period

16.09%

2.66%

+13.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.89%

7.08%

+7.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.72%

14.24%

+2.48%