NTKLX vs. OPGIX
NTKLX (Voya Multi-Manager International Small Cap Fund) and OPGIX (Invesco Global Opportunities Fund Class A) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, NTKLX returned 10.19%/yr vs 6.54%/yr for OPGIX. A 0.71 correlation means they provide meaningful diversification when combined. NTKLX charges 1.53%/yr vs 1.04%/yr for OPGIX.
Performance
NTKLX vs. OPGIX - Performance Comparison
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Returns By Period
In the year-to-date period, NTKLX achieves a 12.12% return, which is significantly lower than OPGIX's 14.00% return. Over the past 10 years, NTKLX has outperformed OPGIX with an annualized return of 10.19%, while OPGIX has yielded a comparatively lower 6.54% annualized return.
NTKLX
- 1D
- 0.28%
- 1M
- 0.35%
- YTD
- 12.12%
- 6M
- 12.16%
- 1Y
- 28.87%
- 3Y*
- 19.23%
- 5Y*
- 8.94%
- 10Y*
- 10.19%
OPGIX
- 1D
- 0.95%
- 1M
- 1.87%
- YTD
- 14.00%
- 6M
- 12.45%
- 1Y
- 19.10%
- 3Y*
- 3.95%
- 5Y*
- -5.40%
- 10Y*
- 6.54%
NTKLX vs. OPGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTKLX Voya Multi-Manager International Small Cap Fund | 12.12% | 38.63% | 5.55% | 13.93% | -18.71% | 15.50% | 15.38% | 24.29% | -22.21% | 34.93% |
OPGIX Invesco Global Opportunities Fund Class A | 14.00% | 7.12% | -7.47% | 17.34% | -41.63% | 0.02% | 39.82% | 27.74% | -18.26% | 52.59% |
Correlation
The correlation between NTKLX and OPGIX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 1994 | 0.71 |
The correlation between NTKLX and OPGIX has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
NTKLX vs. OPGIX — Risk / Return Rank
NTKLX
OPGIX
NTKLX vs. OPGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Manager International Small Cap Fund (NTKLX) and Invesco Global Opportunities Fund Class A (OPGIX). 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.
| NTKLX | OPGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.02 | +0.51 |
| Martin ratioReturn relative to average drawdown | 9.49 | 7.23 | +2.26 |
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Drawdowns
NTKLX vs. OPGIX - Drawdown Comparison
The maximum NTKLX drawdown since its inception was -68.61%, which is greater than OPGIX's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for NTKLX and OPGIX.
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Drawdown Indicators
| NTKLX | OPGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.61% | -62.57% | -6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.78% | -10.08% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -25.17% | +11.46% |
Max Drawdown (5Y)Largest decline over 5 years | -34.03% | -52.49% | +18.46% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -54.65% | +10.09% |
Current DrawdownCurrent decline from peak | -1.62% | -32.50% | +30.88% |
Average DrawdownAverage peak-to-trough decline | -19.55% | -15.75% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.70% | +0.55% |
Volatility
NTKLX vs. OPGIX - Volatility Comparison
Voya Multi-Manager International Small Cap Fund (NTKLX) and Invesco Global Opportunities Fund Class A (OPGIX) have volatilities of 5.82% and 5.96%, 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.
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Volatility by Period
| NTKLX | OPGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 5.96% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 14.09% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 17.51% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 22.66% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 22.59% | -5.58% |
NTKLX vs. OPGIX - Expense Ratio Comparison
NTKLX has a 1.53% expense ratio, which is higher than OPGIX's 1.04% expense ratio.
Dividends
NTKLX vs. OPGIX - Dividend Comparison
NTKLX's dividend yield for the trailing twelve months is around 7.46%, more than OPGIX's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTKLX Voya Multi-Manager International Small Cap Fund | 7.46% | 8.36% | 2.33% | 1.67% | 2.27% | 12.31% | 1.29% | 2.05% | 12.01% | 0.88% | 0.56% | 0.76% |
OPGIX Invesco Global Opportunities Fund Class A | 0.10% | 0.11% | 0.01% | 0.00% | 0.00% | 5.29% | 8.95% | 6.16% | 10.87% | 2.32% | 7.86% | 0.66% |
Frequently Asked Questions
NTKLX and OPGIX 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.
OPGIX has higher volatility (5.96%) compared to NTKLX (5.82%). In terms of maximum drawdown, NTKLX dropped -68.61% vs OPGIX's -62.57%.
NTKLX currently has the higher Sharpe Ratio (2.02 vs 1.16), 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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