CPBYX vs. VVOAX
CPBYX (Invesco Core Plus Bond Fund) and VVOAX (Invesco Value Opportunities Fund) are both mutual funds - CPBYX is a Intermediate Core-Plus Bond fund managed by Invesco, while VVOAX is a Mid Cap Value Equities fund managed by Invesco. Over the past 10 years, CPBYX returned 2.19%/yr vs 15.72%/yr for VVOAX. Their -0.12 correlation means they have often moved in opposite directions in the past. CPBYX charges 0.50%/yr vs 1.22%/yr for VVOAX.
Performance
CPBYX vs. VVOAX - Performance Comparison
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Returns By Period
In the year-to-date period, CPBYX achieves a -0.76% return, which is significantly lower than VVOAX's 14.99% return. Over the past 10 years, CPBYX has underperformed VVOAX with an annualized return of 2.19%, while VVOAX has yielded a comparatively higher 15.72% annualized return.
CPBYX
- 1D
- -0.33%
- 1M
- -1.63%
- 6M
- -1.14%
- YTD
- -0.76%
- 1Y
- 2.35%
- 3Y*
- 4.73%
- 5Y*
- -0.32%
- 10Y*
- 2.19%
- ALL TIME*
- 3.40%
VVOAX
- 1D
- 0.45%
- 1M
- -3.86%
- 6M
- 6.66%
- YTD
- 14.99%
- 1Y
- 35.61%
- 3Y*
- 23.99%
- 5Y*
- 18.01%
- 10Y*
- 15.72%
- ALL TIME*
- 8.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CPBYX vs. VVOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | -0.76% | 7.38% | 3.52% | 5.51% | -14.41% | -0.34% | 9.85% | 12.26% | -2.43% | 5.38% |
VVOAX Invesco Value Opportunities Fund | 14.99% | 20.24% | 30.01% | 15.20% | 1.33% | 35.60% | 5.49% | 29.84% | -19.92% | 17.07% |
Correlation
The correlation between CPBYX and VVOAX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2009 | -0.12 |
The correlation between CPBYX and VVOAX shifts across timeframes, from -0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CPBYX vs. VVOAX — Risk / Return Rank
CPBYX
VVOAX
CPBYX vs. VVOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Plus Bond Fund (CPBYX) and Invesco Value Opportunities Fund (VVOAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CPBYX | VVOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.25 | -2.26 |
| Martin ratioReturn relative to average drawdown | 2.76 | 10.31 | -7.54 |
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Drawdowns
CPBYX vs. VVOAX - Drawdown Comparison
The maximum CPBYX drawdown since its inception was -20.73%, smaller than the maximum VVOAX drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for CPBYX and VVOAX.
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Drawdown Indicators
| CPBYX | VVOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.73% | -62.08% | +41.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -10.22% | +7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.32% | -24.05% | +18.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.73% | -24.05% | +3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.73% | -51.80% | +31.07% |
Current DrawdownCurrent decline from peak | -2.55% | -7.97% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -11.68% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 3.22% | -2.12% |
Volatility
CPBYX vs. VVOAX - Volatility Comparison
The current volatility for Invesco Core Plus Bond Fund (CPBYX) is 0.93%, while Invesco Value Opportunities Fund (VVOAX) has a volatility of 5.65%. This indicates that CPBYX experiences smaller price fluctuations and is considered to be less risky than VVOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPBYX | VVOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 5.65% | -4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 15.90% | -12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 20.04% | -16.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 21.34% | -15.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 24.12% | -19.43% |
CPBYX vs. VVOAX - Expense Ratio Comparison
CPBYX has a 0.50% expense ratio, which is lower than VVOAX's 1.22% expense ratio.
Dividends
CPBYX vs. VVOAX - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.29%, less than VVOAX's 9.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.29% | 4.68% | 4.90% | 3.87% | 3.76% | 3.16% | 5.94% | 4.13% | 3.74% | 3.10% | 3.20% | 3.81% |
VVOAX Invesco Value Opportunities Fund | 9.07% | 10.43% | 7.79% | 2.27% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.10% | 15.87% |
Frequently Asked Questions
CPBYX and VVOAX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVOAX has higher volatility (5.65%) compared to CPBYX (0.93%). In terms of maximum drawdown, CPBYX dropped -20.73% vs VVOAX's -62.08%.
VVOAX currently has the higher Sharpe Ratio (1.66 vs 0.83), 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.
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