Invesco International Bond Fund (OIBAX) belongs to the Global Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with OIBAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OIBAX
OIBAX charges 1.16% annually. There are 66 mutual funds in the Global Bonds category with lower expense ratios, going as low as 0.06%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity International Bond Index Fund | 0.06% | — | Oct 2019 | OIBAX vs FBIIX | |
| Vanguard Total International Bond II Index Fund | 0.07% | — | Feb 2021 | OIBAX vs VTILX | |
| Vanguard Total International Bond Index Fund Admir... | 0.10% | 122.00B | May 2013 | OIBAX vs VTABX | |
| Vanguard Total International Bond II Index Fund In... | 0.11% | — | Feb 2021 | OIBAX vs VTIIX | |
| Vanguard Total International Bond Index Fund | 0.13% | — | May 2013 | OIBAX vs VTIBX |
Best Risk-Adjusted Alternatives to OIBAX
OIBAX has a PortfoliosLab risk / return rank of 6. There are 61 mutual funds in the Global Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | 98 | — | Mar 2017 | OIBAX vs DGFFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 91 | — | Dec 2008 | OIBAX vs PRSNX | |
| Eaton Vance Global Bond Fund | 90 | — | Jun 2007 | OIBAX vs EAIIX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 81 | — | Jan 2008 | OIBAX vs DFSHX | |
| Payden Global Low Duration Fund | 77 | — | Sep 1996 | OIBAX vs PYGSX |
Top Performing OIBAX Alternatives (YTD)
OIBAX is at -2.98% YTD. There are 70 mutual funds in the Global Bonds category with higher YTD returns, going as high as 3.45%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Bond Fund | 3.45% | — | Jun 2007 | OIBAX vs EAIIX | |
| Dunham International Opportunity Bond Fund | 3.27% | — | Oct 2013 | OIBAX vs DAIOX | |
| Destinations Global Fixed Income Opportunities Fun... | 2.77% | — | Mar 2017 | OIBAX vs DGFFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 1.92% | — | Dec 2008 | OIBAX vs PRSNX | |
| DFA Two Year Global Fixed Income Portfolio | 1.80% | — | Feb 1996 | OIBAX vs DFGFX |
Lowest Volatility Alternatives to OIBAX
OIBAX has 11.55% 1-year volatility. There are 71 mutual funds in the Global Bonds category with lower 1-year volatility, going as low as 1.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Global Low Duration Fund | 1.55% | — | Sep 1996 | OIBAX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 1.59% | — | Jan 2008 | OIBAX vs DFSHX | |
| DFA Two Year Global Fixed Income Portfolio | 1.59% | — | Feb 1996 | OIBAX vs DFGFX | |
| DFA Five Year Global Fixed Income Portfolio | 1.89% | — | Nov 1990 | OIBAX vs DFGBX | |
| SA Global Fixed Income Fund | 1.98% | — | Jul 1999 | OIBAX vs SAXIX |
Lowest Drawdown Alternatives to OIBAX
OIBAX has a 1-year max drawdown of -9.96%. There are 71 mutual funds in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -1.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | -1.19% | — | Mar 2017 | OIBAX vs DGFFX | |
| Payden Global Low Duration Fund | -1.23% | — | Sep 1996 | OIBAX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | -1.28% | — | Jan 2008 | OIBAX vs DFSHX | |
| DFA Five Year Global Fixed Income Portfolio | -1.38% | — | Nov 1990 | OIBAX vs DFGBX | |
| DFA Two Year Global Fixed Income Portfolio | -1.41% | — | Feb 1996 | OIBAX vs DFGFX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 70 | 20.62% | — | Oct 2020 | OIBAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 43 | 9.99% | — | — | OIBAX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 23 | -2.24% | — | Jul 1983 | OIBAX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 81 | 22.51% | — | Jun 2001 | OIBAX vs VVOAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 15 | 9.88% | — | Jun 2005 | OIBAX vs VAFAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 60 | 9.89% | — | Oct 1968 | OIBAX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 38 | 6.00% | — | Feb 1988 | OIBAX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 87 | 31.37% | — | Jun 1999 | OIBAX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 61 | 6.48% | — | Aug 1960 | OIBAX vs ACEIX | |
| Invesco Global Fund | Global Equities | 26 | 10.72% | — | Dec 1969 | OIBAX vs OPPAX |
Often Compared With OIBAX
Investors most often compare OIBAX with VOO, VADDX, TPINX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | S&P 500 | 68 | 9.75% | 1.70T | Sep 2010 | OIBAX vs VOO | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 44 | 10.12% | — | Jul 1997 | OIBAX vs VADDX | |
| Templeton Global Bond Fund | Global Bonds | 9 | 1.28% | — | Sep 1986 | OIBAX vs TPINX | |
| T. Rowe Price International Bond Fund (USD Hedged) | Global Bonds | 44 | 1.21% | — | Sep 2017 | OIBAX vs TNBMX | |
| Saturna Sustainable Bond Fund | Global Bonds | 37 | 1.59% | — | Mar 2015 | OIBAX vs SEBFX | |
| UBS Sustainable Development Bank Bond Fund | Global Bonds | 18 | 0.16% | — | Oct 2018 | OIBAX vs UDBPX | |
| Dodge & Cox Global Bond Fund | Global Bonds | 28 | 1.25% | — | May 2014 | OIBAX vs DOXLX | |
| Templeton Global Bond Fund - Class R | Global Bonds | 9 | 1.20% | — | Feb 2009 | OIBAX vs FGBRX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | Global Bonds | 8 | 1.75% | — | Oct 2006 | OIBAX vs GOBSX |
Compare OIBAX with Any Fund or Stock
Compare OIBAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OIBAX with funds that move differently
Invesco International Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OIBAX.
Explore OIBAX Diversifiers