MISIX vs. OGIIX

Last updated Aug 1, 2026

MISIX (Victory Trivalent International Small-Cap Fund Class I) and OGIIX (Invesco Global Opportunities Fund Class R6) are both mutual funds - MISIX is a Mid Cap Blend Equities fund managed by Victory, while OGIIX is a Global Equities fund managed by Invesco. Over the past 10 years, MISIX returned 9.98%/yr vs 6.08%/yr for OGIIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. MISIX charges 0.97%/yr vs 0.73%/yr for OGIIX.

Performance

MISIX vs. OGIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Trivalent International Small-Cap Fund Class I (MISIX) and Invesco Global Opportunities Fund Class R6 (OGIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MISIX achieves a 9.81% return, which is significantly lower than OGIIX's 12.62% return. Over the past 10 years, MISIX has outperformed OGIIX with an annualized return of 9.98%, while OGIIX has yielded a comparatively lower 6.08% annualized return.

MISIX

• 1D: 2.88%
• 1M: -0.95%
• 6M: 2.59%
• YTD: 9.81%
• 1Y: 22.78%
• 3Y*: 18.05%
• 5Y*: 7.52%
• 10Y*: 9.98%
• ALL TIME*: 6.74%

OGIIX

• 1D: 2.82%
• 1M: 0.47%
• 6M: 7.54%
• YTD: 12.62%
• 1Y: 15.73%
• 3Y*: 2.93%
• 5Y*: -5.98%
• 10Y*: 6.08%
• ALL TIME*: 7.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MISIX Victory Trivalent International Small-Cap Fund Class I	$0.00	$0.00	$0.00
OGIIX Invesco Global Opportunities Fund Class R6	$0.00	$0.00	$0.00

MISIX vs. OGIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MISIX Victory Trivalent International Small-Cap Fund Class I	9.81%	42.00%	4.70%	15.49%	-23.13%	12.41%	15.42%	27.88%	-20.20%	37.14%
OGIIX Invesco Global Opportunities Fund Class R6	12.62%	7.52%	-7.11%	17.76%	-41.39%	0.37%	40.35%	28.27%	-17.93%	53.25%

Correlation

The correlation between MISIX and OGIIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Jan 27, 2012	0.77

The correlation between MISIX and OGIIX has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

MISIX vs. OGIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MISIX

MISIX Risk / Return Rank: 46
MISIX Sharpe Ratio Rank: 49
MISIX Sortino Ratio Rank: 49
MISIX Omega Ratio Rank: 51
MISIX Calmar Ratio Rank: 40
MISIX Martin Ratio Rank: 39

OGIIX

OGIIX Risk / Return Rank: 29
OGIIX Sharpe Ratio Rank: 24
OGIIX Sortino Ratio Rank: 26
OGIIX Omega Ratio Rank: 24
OGIIX Calmar Ratio Rank: 37
OGIIX Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MISIX vs. OGIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Trivalent International Small-Cap Fund Class I (MISIX) and Invesco Global Opportunities Fund Class R6 (OGIIX). 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.

	MISIX	OGIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	0.88	+0.43
Sortino ratio: Return per unit of downside risk	1.89	1.37	+0.52
Omega ratio: Gain probability vs. loss probability	1.24	1.16	+0.08
Calmar ratio: Return relative to maximum drawdown	1.61	1.59	+0.02
Martin ratio: Return relative to average drawdown	5.66	5.47	+0.19

MISIX vs. OGIIX - Sharpe Ratio Comparison

The current MISIX Sharpe Ratio is 1.31, which is higher than the OGIIX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of MISIX and OGIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MISIX vs. OGIIX - Drawdown Comparison

The maximum MISIX drawdown since its inception was -67.61%, which is greater than OGIIX's maximum drawdown of -54.36%. Use the drawdown chart below to compare losses from any high point for MISIX and OGIIX.

Drawdown Indicators

	MISIX	OGIIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.61%	-54.36%	-13.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-10.05%	-3.79%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-23.20%	+9.36%
Max Drawdown (5Y) Largest decline over 5 years	-37.69%	-52.29%	+14.60%
Max Drawdown (10Y) Largest decline over 10 years	-41.82%	-54.36%	+12.54%
Current Drawdown Current decline from peak	-4.72%	-32.09%	+27.37%
Average Drawdown Average peak-to-trough decline	-16.76%	-17.85%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	2.81%	+1.12%

Volatility

MISIX vs. OGIIX - Volatility Comparison

Victory Trivalent International Small-Cap Fund Class I (MISIX) and Invesco Global Opportunities Fund Class R6 (OGIIX) have volatilities of 5.25% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MISIX	OGIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	5.09%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	14.88%	14.36%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	18.27%	-1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	22.69%	-4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	22.40%	-4.66%

MISIX vs. OGIIX - Expense Ratio Comparison

MISIX has a 0.97% expense ratio, which is higher than OGIIX's 0.73% expense ratio.

Dividends

MISIX vs. OGIIX - Dividend Comparison

MISIX's dividend yield for the trailing twelve months is around 5.50%, more than OGIIX's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MISIX Victory Trivalent International Small-Cap Fund Class I	5.50%	6.05%	2.27%	1.90%	1.12%	8.61%	0.41%	1.99%	3.59%	1.85%	1.56%	1.21%
OGIIX Invesco Global Opportunities Fund Class R6	0.43%	0.49%	0.44%	0.00%	0.00%	5.09%	8.65%	5.99%	10.64%	2.28%	8.22%	1.07%

Frequently Asked Questions

Can I hold both MISIX and OGIIX in my portfolio?

MISIX and OGIIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MISIX or OGIIX?

MISIX has higher volatility (5.25%) compared to OGIIX (5.09%). In terms of maximum drawdown, MISIX dropped -67.61% vs OGIIX's -54.36%.

Which has better risk-adjusted returns?

MISIX currently has the higher Sharpe Ratio (1.31 vs 0.88), 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.