OPPAX vs. NICSX
Compare and contrast key facts about Invesco Global Fund (OPPAX) and Nicholas Fund (NICSX).
OPPAX is managed by Invesco. It was launched on Dec 21, 1969. NICSX is managed by Nicholas. It was launched on Jul 14, 1969.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPPAX or NICSX.
Key characteristics
| OPPAX | NICSX | |
|---|---|---|
| YTD Return | 16.66% | 15.64% |
| 1Y Return | 30.57% | 28.19% |
| 3Y Return (Ann) | 1.79% | 11.18% |
| 5Y Return (Ann) | 11.62% | 15.58% |
| 10Y Return (Ann) | 10.11% | 12.13% |
| Sharpe Ratio | 1.77 | 2.18 |
| Daily Std Dev | 16.40% | 12.47% |
| Max Drawdown | -57.49% | -50.19% |
| Current Drawdown | -0.50% | 0.00% |
Correlation
The correlation between OPPAX and NICSX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OPPAX vs. NICSX - Performance Comparison
In the year-to-date period, OPPAX achieves a 16.66% return, which is significantly higher than NICSX's 15.64% return. Over the past 10 years, OPPAX has underperformed NICSX with an annualized return of 10.11%, while NICSX has yielded a comparatively higher 12.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OPPAX vs. NICSX - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is higher than NICSX's 0.71% expense ratio.
Risk-Adjusted Performance
OPPAX vs. NICSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Nicholas Fund (NICSX). 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.
Dividends
OPPAX vs. NICSX - Dividend Comparison
OPPAX's dividend yield for the trailing twelve months is around 9.19%, more than NICSX's 7.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 9.19% | 10.72% | 14.18% | 7.18% | 5.72% | 1.35% | 12.92% | 11.28% | 0.69% | 5.17% | 5.90% | 3.68% |
NICSX Nicholas Fund | 7.26% | 6.81% | 2.26% | 11.84% | 6.76% | 8.13% | 8.00% | 15.55% | 3.63% | 6.19% | 8.58% | 4.82% |
Drawdowns
OPPAX vs. NICSX - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -57.49%, which is greater than NICSX's maximum drawdown of -50.19%. Use the drawdown chart below to compare losses from any high point for OPPAX and NICSX. For additional features, visit the drawdowns tool.
Volatility
OPPAX vs. NICSX - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 5.47% compared to Nicholas Fund (NICSX) at 3.60%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than NICSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.