WOGSX vs. FXAIX

Last updated Jun 4, 2026

WOGSX (White Oak Select Growth Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - WOGSX is a Large Cap Blend Equities fund managed by Oak Associates, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, WOGSX returned 14.38%/yr vs 15.66%/yr for FXAIX. Their correlation of 0.93 suggests significant overlap in exposure. WOGSX charges 0.89%/yr vs 0.02%/yr for FXAIX.

Performance

WOGSX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in White Oak Select Growth Fund (WOGSX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WOGSX achieves a 10.95% return, which is significantly lower than FXAIX's 11.71% return. Over the past 10 years, WOGSX has underperformed FXAIX with an annualized return of 14.38%, while FXAIX has yielded a comparatively higher 15.66% annualized return.

WOGSX

• 1D: 0.50%
• 1M: 4.51%
• YTD: 10.95%
• 6M: 11.11%
• 1Y: 32.62%
• 3Y*: 23.55%
• 5Y*: 11.78%
• 10Y*: 14.38%

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

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

WOGSX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WOGSX White Oak Select Growth Fund	10.95%	24.07%	18.22%	26.48%	-25.72%	28.31%	18.91%	23.74%	-0.55%	19.75%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between WOGSX and FXAIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 5, 2011	0.93

The correlation between WOGSX and FXAIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

WOGSX vs. FXAIX — Risk / Return Rank

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

WOGSX

WOGSX Risk / Return Rank: 59
WOGSX Sharpe Ratio Rank: 64
WOGSX Sortino Ratio Rank: 58
WOGSX Omega Ratio Rank: 53
WOGSX Calmar Ratio Rank: 59
WOGSX Martin Ratio Rank: 58

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 83

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.

WOGSX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for White Oak Select Growth Fund (WOGSX) and Fidelity 500 Index Fund (FXAIX). 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.

	WOGSX	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.52	-0.17
Sortino ratio: Return per unit of downside risk	3.21	3.42	-0.22
Omega ratio: Gain probability vs. loss probability	1.40	1.46	-0.05
Calmar ratio: Return relative to maximum drawdown	2.95	3.36	-0.41
Martin ratio: Return relative to average drawdown	11.65	15.70	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WOGSX vs. FXAIX - Sharpe Ratio Comparison

The current WOGSX Sharpe Ratio is 2.35, which is comparable to the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of WOGSX and FXAIX, 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

	WOGSX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.52	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.85	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.87	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.82	-0.40

Drawdowns

WOGSX vs. FXAIX - Drawdown Comparison

The maximum WOGSX drawdown since its inception was -79.10%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for WOGSX and FXAIX.

Drawdown Indicators

	WOGSX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-79.10%	-33.79%	-45.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-8.89%	-2.31%
Max Drawdown (3Y) Largest decline over 3 years	-22.07%	-18.76%	-3.31%
Max Drawdown (5Y) Largest decline over 5 years	-31.56%	-24.50%	-7.06%
Max Drawdown (10Y) Largest decline over 10 years	-31.56%	-33.79%	+2.23%
Current Drawdown Current decline from peak	-0.75%	0.00%	-0.75%
Average Drawdown Average peak-to-trough decline	-28.39%	-3.79%	-24.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	1.90%	+0.93%

Volatility

WOGSX vs. FXAIX - Volatility Comparison

White Oak Select Growth Fund (WOGSX) has a higher volatility of 3.63% compared to Fidelity 500 Index Fund (FXAIX) at 2.83%. This indicates that WOGSX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WOGSX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	2.83%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	8.97%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	11.86%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.95%	16.91%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	18.07%	+1.83%

WOGSX vs. FXAIX - Expense Ratio Comparison

WOGSX has a 0.89% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

WOGSX vs. FXAIX - Dividend Comparison

WOGSX's dividend yield for the trailing twelve months is around 7.34%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
WOGSX White Oak Select Growth Fund	7.34%	8.14%	12.24%	5.00%	0.49%	5.18%	2.57%	1.81%	1.40%	0.66%	1.02%	0.64%

Frequently Asked Questions

Can I hold both WOGSX and FXAIX in my portfolio?

WOGSX and FXAIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WOGSX or FXAIX?

WOGSX has higher volatility (3.63%) compared to FXAIX (2.83%). In terms of maximum drawdown, WOGSX dropped -79.10% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.52 vs 2.35), 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.