OIBAX vs. VAFAX
Compare and contrast key facts about Invesco International Bond Fund (OIBAX) and Invesco American Franchise Fund Class A (VAFAX).
OIBAX is managed by Invesco. It was launched on Jun 14, 1995. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
OIBAX vs. VAFAX - Performance Comparison
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OIBAX vs. VAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIBAX Invesco International Bond Fund | -6.43% | 16.00% | 1.58% | 7.41% | -13.45% | -10.24% | 8.25% | 9.44% | -5.87% | 10.87% |
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, OIBAX achieves a -6.43% return, which is significantly higher than VAFAX's -9.70% return. Over the past 10 years, OIBAX has underperformed VAFAX with an annualized return of 1.48%, while VAFAX has yielded a comparatively higher 13.99% annualized return.
OIBAX
- 1D
- 1.35%
- 1M
- -6.82%
- YTD
- -6.43%
- 6M
- -2.87%
- 1Y
- 4.81%
- 3Y*
- 5.23%
- 5Y*
- -0.27%
- 10Y*
- 1.48%
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
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OIBAX vs. VAFAX - Expense Ratio Comparison
OIBAX has a 1.16% expense ratio, which is higher than VAFAX's 0.95% expense ratio.
Return for Risk
OIBAX vs. VAFAX — Risk / Return Rank
OIBAX
VAFAX
OIBAX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Bond Fund (OIBAX) and Invesco American Franchise Fund Class A (VAFAX). 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.
| OIBAX | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.63 | -0.11 |
Sortino ratioReturn per unit of downside risk | 0.75 | 1.06 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.15 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.65 | -0.15 |
Martin ratioReturn relative to average drawdown | 2.26 | 2.03 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OIBAX | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.63 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.31 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.63 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.53 | +0.21 |
Correlation
The correlation between OIBAX and VAFAX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OIBAX vs. VAFAX - Dividend Comparison
OIBAX's dividend yield for the trailing twelve months is around 2.75%, less than VAFAX's 15.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIBAX Invesco International Bond Fund | 2.75% | 3.68% | 4.53% | 3.63% | 2.86% | 2.85% | 2.87% | 4.91% | 4.79% | 4.18% | 4.44% | 3.35% |
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
OIBAX vs. VAFAX - Drawdown Comparison
The maximum OIBAX drawdown since its inception was -32.33%, smaller than the maximum VAFAX drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for OIBAX and VAFAX.
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Drawdown Indicators
| OIBAX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.33% | -48.48% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -19.27% | +9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -38.86% | +9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -32.33% | -38.86% | +6.53% |
Current DrawdownCurrent decline from peak | -8.93% | -15.69% | +6.76% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -8.16% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 6.14% | -3.95% |
Volatility
OIBAX vs. VAFAX - Volatility Comparison
The current volatility for Invesco International Bond Fund (OIBAX) is 6.41%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 8.31%. This indicates that OIBAX experiences smaller price fluctuations and is considered to be less risky than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIBAX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 8.31% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 15.69% | -7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 25.39% | -14.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.97% | 23.03% | -14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 22.23% | -13.75% |