VALAX vs. OANMX

Last updated Apr 1, 2026

Compare and contrast key facts about Al Frank Fund (VALAX) and Oakmark Fund Institutional Class (OANMX).

VALAX is managed by Al Frank. It was launched on May 1, 2006. OANMX is managed by Oakmark. It was launched on Nov 30, 2016.

Performance

VALAX vs. OANMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Al Frank Fund (VALAX) and Oakmark Fund Institutional Class (OANMX). The values are adjusted to include any dividend payments, if applicable.

VALAX vs. OANMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VALAX Al Frank Fund	1.54%	23.57%	13.35%	14.05%	-13.50%	24.97%	10.22%	33.98%	-7.87%	16.93%
OANMX Oakmark Fund Institutional Class	-4.10%	14.38%	16.28%	31.21%	-13.18%	34.87%	13.09%	27.35%	-12.62%	15.96%

Returns By Period

In the year-to-date period, VALAX achieves a 1.54% return, which is significantly higher than OANMX's -4.10% return.

VALAX

• 1D: -0.77%
• 1M: -6.61%
• YTD: 1.54%
• 6M: 7.86%
• 1Y: 29.09%
• 3Y*: 17.10%
• 5Y*: 8.94%
• 10Y*: 12.38%

OANMX

• 1D: 0.40%
• 1M: -5.35%
• YTD: -4.10%
• 6M: 0.55%
• 1Y: 8.40%
• 3Y*: 15.67%
• 5Y*: 11.13%
• 10Y*: —

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

VALAX vs. OANMX - Expense Ratio Comparison

VALAX has a 1.24% expense ratio, which is higher than OANMX's 0.68% expense ratio.

VALAX

Al Frank Fund

OANMX

Oakmark Fund Institutional Class

Return for Risk

VALAX vs. OANMX — Risk / Return Rank

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

VALAX

VALAX Risk / Return Rank: 85
VALAX Sharpe Ratio Rank: 85
VALAX Sortino Ratio Rank: 85
VALAX Omega Ratio Rank: 84
VALAX Calmar Ratio Rank: 85
VALAX Martin Ratio Rank: 86

OANMX

OANMX Risk / Return Rank: 20
OANMX Sharpe Ratio Rank: 20
OANMX Sortino Ratio Rank: 20
OANMX Omega Ratio Rank: 21
OANMX Calmar Ratio Rank: 19
OANMX Martin Ratio Rank: 21

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.

VALAX vs. OANMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Al Frank Fund (VALAX) and Oakmark Fund Institutional Class (OANMX). 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.

	VALAX	OANMX	Difference
Sharpe ratio Return per unit of total volatility	1.63	0.50	+1.13
Sortino ratio Return per unit of downside risk	2.23	0.82	+1.41
Omega ratio Gain probability vs. loss probability	1.34	1.12	+0.22
Calmar ratio Return relative to maximum drawdown	2.13	0.56	+1.57
Martin ratio Return relative to average drawdown	9.00	2.22	+6.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VALAX vs. OANMX - Sharpe Ratio Comparison

The current VALAX Sharpe Ratio is 1.63, which is higher than the OANMX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of VALAX and OANMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VALAX	OANMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	0.50	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.61	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.58	-0.19

Correlation

The correlation between VALAX and OANMX is 0.92, 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

VALAX vs. OANMX - Dividend Comparison

VALAX's dividend yield for the trailing twelve months is around 8.52%, more than OANMX's 1.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VALAX Al Frank Fund	8.52%	8.65%	10.32%	5.95%	8.62%	6.83%	7.17%	13.51%	10.73%	10.66%	5.32%	9.53%
OANMX Oakmark Fund Institutional Class	1.19%	1.14%	1.34%	1.22%	1.17%	1.94%	0.33%	8.53%	8.37%	0.66%	0.00%	0.00%

Drawdowns

VALAX vs. OANMX - Drawdown Comparison

The maximum VALAX drawdown since its inception was -61.26%, which is greater than OANMX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for VALAX and OANMX.

Drawdown Indicators

	VALAX	OANMX	Difference
Max Drawdown Largest peak-to-trough decline	-61.26%	-40.08%	-21.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.03%	-13.46%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-25.81%	-23.55%	-2.26%
Max Drawdown (10Y) Largest decline over 10 years	-38.22%	—	—
Current Drawdown Current decline from peak	-8.56%	-6.56%	-2.00%
Average Drawdown Average peak-to-trough decline	-10.83%	-5.62%	-5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.36%	-0.28%

Volatility

VALAX vs. OANMX - Volatility Comparison

Al Frank Fund (VALAX) has a higher volatility of 4.61% compared to Oakmark Fund Institutional Class (OANMX) at 3.70%. This indicates that VALAX's price experiences larger fluctuations and is considered to be riskier than OANMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALAX	OANMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	3.70%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	10.20%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	18.73%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	18.34%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.29%	20.78%	-1.49%