OARDX vs. OPTFX

Last updated Jun 3, 2026

OARDX (Invesco Rising Dividends Fund) and OPTFX (Invesco Capital Appreciation Fund) are both mutual funds - OARDX is a Large Cap Blend Equities fund managed by Invesco, while OPTFX is a Large Cap Growth Equities fund managed by Invesco. Over the past 10 years, OARDX returned 12.56%/yr vs 15.68%/yr for OPTFX. Their correlation of 0.81 suggests significant overlap in exposure. OARDX charges 1.00%/yr vs 0.95%/yr for OPTFX.

Performance

OARDX vs. OPTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Rising Dividends Fund (OARDX) and Invesco Capital Appreciation Fund (OPTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OARDX achieves a 6.01% return, which is significantly lower than OPTFX's 10.06% return. Over the past 10 years, OARDX has underperformed OPTFX with an annualized return of 12.56%, while OPTFX has yielded a comparatively higher 15.68% annualized return.

OARDX

• 1D: -0.14%
• 1M: 2.51%
• YTD: 6.01%
• 6M: 6.45%
• 1Y: 20.99%
• 3Y*: 17.25%
• 5Y*: 11.92%
• 10Y*: 12.56%

OPTFX

• 1D: 0.49%
• 1M: 4.35%
• YTD: 10.06%
• 6M: 9.55%
• 1Y: 24.78%
• 3Y*: 23.53%
• 5Y*: 12.04%
• 10Y*: 15.68%

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

OARDX vs. OPTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OARDX Invesco Rising Dividends Fund	6.01%	17.43%	19.40%	17.73%	-12.68%	26.52%	13.34%	29.59%	-6.55%	17.48%
OPTFX Invesco Capital Appreciation Fund	10.06%	12.84%	34.05%	35.51%	-31.10%	21.42%	36.33%	36.22%	-5.96%	26.50%

Correlation

The correlation between OARDX and OPTFX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 8, 1981	0.81

The correlation between OARDX and OPTFX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

OARDX vs. OPTFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OARDX

OARDX Risk / Return Rank: 61
OARDX Sharpe Ratio Rank: 54
OARDX Sortino Ratio Rank: 60
OARDX Omega Ratio Rank: 52
OARDX Calmar Ratio Rank: 63
OARDX Martin Ratio Rank: 74

OPTFX

OPTFX Risk / Return Rank: 31
OPTFX Sharpe Ratio Rank: 28
OPTFX Sortino Ratio Rank: 26
OPTFX Omega Ratio Rank: 26
OPTFX Calmar Ratio Rank: 38
OPTFX Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OARDX vs. OPTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Rising Dividends Fund (OARDX) and Invesco Capital Appreciation Fund (OPTFX). 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.

	OARDX	OPTFX	Difference
Sharpe ratio Return per unit of total volatility	2.18	1.53	+0.64
Sortino ratio Return per unit of downside risk	3.25	2.16	+1.09
Omega ratio Gain probability vs. loss probability	1.40	1.27	+0.13
Calmar ratio Return relative to maximum drawdown	3.08	2.36	+0.72
Martin ratio Return relative to average drawdown	14.02	7.97	+6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OARDX vs. OPTFX - Sharpe Ratio Comparison

The current OARDX Sharpe Ratio is 2.18, which is higher than the OPTFX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of OARDX and OPTFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OARDX	OPTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	1.53	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.55	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.74	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.51	-0.44

Drawdowns

OARDX vs. OPTFX - Drawdown Comparison

The maximum OARDX drawdown since its inception was -69.57%, which is greater than OPTFX's maximum drawdown of -57.95%. Use the drawdown chart below to compare losses from any high point for OARDX and OPTFX.

Drawdown Indicators

	OARDX	OPTFX	Difference
Max Drawdown Largest peak-to-trough decline	-69.57%	-57.95%	-11.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-16.85%	+7.25%
Max Drawdown (3Y) Largest decline over 3 years	-23.45%	-26.46%	+3.01%
Max Drawdown (5Y) Largest decline over 5 years	-23.45%	-35.89%	+12.44%
Max Drawdown (10Y) Largest decline over 10 years	-36.69%	-35.89%	-0.80%
Current Drawdown Current decline from peak	-0.18%	-0.86%	+0.68%
Average Drawdown Average peak-to-trough decline	-16.47%	-13.99%	-2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	4.99%	-2.88%

Volatility

OARDX vs. OPTFX - Volatility Comparison

The current volatility for Invesco Rising Dividends Fund (OARDX) is 2.80%, while Invesco Capital Appreciation Fund (OPTFX) has a volatility of 5.18%. This indicates that OARDX experiences smaller price fluctuations and is considered to be less risky than OPTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OARDX	OPTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	5.18%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	15.60%	-6.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	19.05%	-7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	22.27%	-5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	21.46%	-3.25%

OARDX vs. OPTFX - Expense Ratio Comparison

OARDX has a 1.00% expense ratio, which is higher than OPTFX's 0.95% expense ratio.

Dividends

OARDX vs. OPTFX - Dividend Comparison

OARDX's dividend yield for the trailing twelve months is around 7.59%, less than OPTFX's 9.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OARDX Invesco Rising Dividends Fund	7.59%	8.07%	12.72%	7.63%	6.04%	12.60%	2.49%	4.06%	9.13%	10.38%	6.04%	7.42%
OPTFX Invesco Capital Appreciation Fund	9.93%	10.93%	2.92%	0.00%	0.88%	28.43%	3.20%	23.53%	9.18%	9.34%	4.29%	13.78%

Frequently Asked Questions

Can I hold both OARDX and OPTFX in my portfolio?

OARDX and OPTFX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OARDX or OPTFX?

OPTFX has higher volatility (5.18%) compared to OARDX (2.80%). In terms of maximum drawdown, OARDX dropped -69.57% vs OPTFX's -57.95%.

Which has better risk-adjusted returns?

OARDX currently has the higher Sharpe Ratio (2.18 vs 1.53), 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.