PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Invesco California Municipal Fund (OPCAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US00141W1099

CUSIP

00141W109

Issuer

Invesco

Inception Date

Nov 2, 1988

Min. Investment

$1,000

Asset Class

Bond

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
OPCAX vs. SCMB OPCAX vs. SWNTX OPCAX vs. BCHYX OPCAX vs. CMF OPCAX vs. HYMB
Popular comparisons:
OPCAX vs. SCMB OPCAX vs. SWNTX OPCAX vs. BCHYX OPCAX vs. CMF OPCAX vs. HYMB

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Invesco California Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
2.96%
11.19%
OPCAX (Invesco California Municipal Fund)
Benchmark (^GSPC)

Returns By Period

Invesco California Municipal Fund had a return of 2.76% year-to-date (YTD) and 8.75% in the last 12 months. Over the past 10 years, Invesco California Municipal Fund had an annualized return of 3.66%, while the S&P 500 had an annualized return of 11.14%, indicating that Invesco California Municipal Fund did not perform as well as the benchmark.


OPCAX

YTD

2.76%

1M

-0.41%

6M

2.96%

1Y

8.75%

5Y (annualized)

1.60%

10Y (annualized)

3.66%

^GSPC (Benchmark)

YTD

24.05%

1M

0.89%

6M

11.19%

1Y

30.12%

5Y (annualized)

13.82%

10Y (annualized)

11.14%

Monthly Returns

The table below presents the monthly returns of OPCAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.08%-0.05%0.20%-1.28%0.20%1.83%0.94%0.57%1.30%-1.38%2.76%
20233.85%-2.89%2.21%0.06%-0.81%0.94%0.31%-1.56%-3.50%-2.58%8.81%3.10%7.56%
2022-2.69%-0.65%-3.58%-3.96%1.74%-3.33%3.79%-2.86%-5.32%-1.68%7.45%-0.45%-11.60%
20210.94%-1.47%0.70%1.25%0.70%0.48%0.91%-0.38%-0.73%-0.09%1.11%0.13%3.56%
20202.28%1.91%-5.97%-1.67%3.80%1.86%1.83%-0.40%0.04%-0.18%2.05%0.68%6.04%
20190.55%1.14%2.19%0.65%1.68%0.52%0.63%2.21%-0.60%0.07%0.27%0.38%10.09%
2018-0.29%0.20%2.04%0.80%1.52%1.02%0.43%1.13%-0.63%-0.99%0.43%0.79%6.59%
20170.54%1.03%2.23%1.12%1.11%-0.21%0.38%0.50%-1.44%-1.10%-0.88%1.18%4.47%
20160.22%0.70%0.82%0.80%0.80%2.46%0.31%0.20%0.43%-0.15%-3.70%0.66%3.48%
20151.89%-0.49%-0.14%-0.61%0.46%-2.05%0.59%0.34%1.57%0.70%0.46%1.06%3.77%
20143.24%2.98%0.66%1.10%2.73%-0.90%0.27%2.36%0.48%0.43%0.47%0.71%15.42%
20131.07%0.32%-0.37%1.82%-0.17%-5.72%-1.67%-3.24%2.20%1.14%-0.45%-0.31%-5.51%

Expense Ratio

OPCAX features an expense ratio of 0.75%, falling within the medium range.


Expense ratio chart for OPCAX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of OPCAX is 63, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of OPCAX is 6363
Combined Rank
The Sharpe Ratio Rank of OPCAX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of OPCAX is 7474
Sortino Ratio Rank
The Omega Ratio Rank of OPCAX is 8383
Omega Ratio Rank
The Calmar Ratio Rank of OPCAX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of OPCAX is 5252
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Invesco California Municipal Fund (OPCAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for OPCAX, currently valued at 2.19, compared to the broader market0.002.004.002.192.54
The chart of Sortino ratio for OPCAX, currently valued at 3.29, compared to the broader market0.005.0010.003.293.40
The chart of Omega ratio for OPCAX, currently valued at 1.51, compared to the broader market1.002.003.004.001.511.47
The chart of Calmar ratio for OPCAX, currently valued at 0.89, compared to the broader market0.005.0010.0015.0020.0025.000.893.66
The chart of Martin ratio for OPCAX, currently valued at 10.04, compared to the broader market0.0020.0040.0060.0080.00100.0010.0416.28
OPCAX
^GSPC

The current Invesco California Municipal Fund Sharpe ratio is 2.19. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Invesco California Municipal Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.19
2.54
OPCAX (Invesco California Municipal Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco California Municipal Fund provided a 3.84% dividend yield over the last twelve months, with an annual payout of $0.31 per share.


3.00%4.00%5.00%6.00%7.00%$0.00$0.10$0.20$0.30$0.40$0.5020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.31$0.30$0.27$0.28$0.29$0.31$0.31$0.38$0.44$0.46$0.53$0.52

Dividend yield

3.84%3.67%3.45%3.06%3.12%3.44%3.71%4.59%5.37%5.48%6.17%6.56%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco California Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.26
2023$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.30
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.27
2021$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2020$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.29
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.31
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2016$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.44
2015$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.46
2014$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.04$0.04$0.53
2013$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.08$0.52

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.29%
-1.41%
OPCAX (Invesco California Municipal Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco California Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco California Municipal Fund was 47.36%, occurring on Dec 17, 2008. Recovery took 832 trading sessions.

The current Invesco California Municipal Fund drawdown is 2.29%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-47.36%May 2, 2007411Dec 17, 2008832Apr 9, 20121243
-18.06%Jan 4, 2022204Oct 25, 2022
-13.04%Mar 2, 202015Mar 20, 202097Aug 7, 2020112
-12.89%Feb 1, 1994210Nov 21, 1994103Apr 13, 1995313
-11.76%May 20, 201379Sep 10, 2013167May 9, 2014246

Volatility

Volatility Chart

The current Invesco California Municipal Fund volatility is 2.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.02%
4.07%
OPCAX (Invesco California Municipal Fund)
Benchmark (^GSPC)