FLARX vs. OOSAX
FLARX (Victory Pioneer Floating Rate Fund Class A) and OOSAX (Invesco Senior Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, FLARX returned 3.69%/yr vs 3.63%/yr for OOSAX. A 0.56 correlation means they provide meaningful diversification when combined. FLARX charges 1.08%/yr vs 1.04%/yr for OOSAX.
Performance
FLARX vs. OOSAX - Performance Comparison
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Returns By Period
In the year-to-date period, FLARX achieves a 1.61% return, which is significantly higher than OOSAX's -0.83% return. Both investments have delivered pretty close results over the past 10 years, with FLARX having a 3.69% annualized return and OOSAX not far behind at 3.63%.
FLARX
- 1D
- 0.00%
- 1M
- 0.70%
- YTD
- 1.61%
- 6M
- 2.37%
- 1Y
- 4.83%
- 3Y*
- 6.12%
- 5Y*
- 3.99%
- 10Y*
- 3.69%
OOSAX
- 1D
- 0.00%
- 1M
- 0.62%
- YTD
- -0.83%
- 6M
- -0.50%
- 1Y
- 1.63%
- 3Y*
- 5.55%
- 5Y*
- 4.85%
- 10Y*
- 3.63%
FLARX vs. OOSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLARX Victory Pioneer Floating Rate Fund Class A | 1.61% | 4.55% | 7.40% | 8.89% | -3.77% | 4.17% | 0.94% | 7.23% | -0.32% | 3.41% |
OOSAX Invesco Senior Floating Rate Fund | -0.83% | 3.78% | 7.76% | 10.67% | -0.94% | 8.66% | -4.46% | 2.36% | -0.86% | 3.79% |
Correlation
The correlation between FLARX and OOSAX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2007 | 0.56 |
Over the past year, the correlation between FLARX and OOSAX has dropped to 0.33 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
FLARX vs. OOSAX — Risk / Return Rank
FLARX
OOSAX
FLARX vs. OOSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Floating Rate Fund Class A (FLARX) and Invesco Senior Floating Rate Fund (OOSAX). 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.
| FLARX | OOSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.19 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 0.56 | +3.93 |
| Martin ratioReturn relative to average drawdown | 13.98 | 1.21 | +12.77 |
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Drawdowns
FLARX vs. OOSAX - Drawdown Comparison
The maximum FLARX drawdown since its inception was -30.68%, roughly equal to the maximum OOSAX drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for FLARX and OOSAX.
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Drawdown Indicators
| FLARX | OOSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -32.12% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.04% | -3.23% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -3.23% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -6.79% | -6.52% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -19.52% | -23.53% | +4.01% |
Current DrawdownCurrent decline from peak | -0.17% | -1.57% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.15% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 1.42% | -1.09% |
Volatility
FLARX vs. OOSAX - Volatility Comparison
The current volatility for Victory Pioneer Floating Rate Fund Class A (FLARX) is 0.72%, while Invesco Senior Floating Rate Fund (OOSAX) has a volatility of 0.86%. This indicates that FLARX experiences smaller price fluctuations and is considered to be less risky than OOSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLARX | OOSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.86% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 1.94% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 2.99% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 3.61% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 4.13% | -0.50% |
FLARX vs. OOSAX - Expense Ratio Comparison
FLARX has a 1.08% expense ratio, which is higher than OOSAX's 1.04% expense ratio.
Dividends
FLARX vs. OOSAX - Dividend Comparison
FLARX's dividend yield for the trailing twelve months is around 6.97%, more than OOSAX's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLARX Victory Pioneer Floating Rate Fund Class A | 6.97% | 7.17% | 6.29% | 6.97% | 4.94% | 3.15% | 3.57% | 4.68% | 4.36% | 3.80% | 3.55% | 3.46% |
OOSAX Invesco Senior Floating Rate Fund | 5.18% | 6.68% | 8.38% | 7.76% | 7.42% | 4.37% | 4.84% | 5.24% | 4.65% | 4.08% | 4.78% | 4.65% |
Frequently Asked Questions
FLARX and OOSAX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OOSAX has higher volatility (0.86%) compared to FLARX (0.72%). In terms of maximum drawdown, FLARX dropped -30.68% vs OOSAX's -32.12%.
FLARX currently has the higher Sharpe Ratio (1.90 vs 0.60), 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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