OIBAX vs. VOO
Compare and contrast key facts about Invesco International Bond Fund (OIBAX) and Vanguard S&P 500 ETF (VOO).
OIBAX is managed by Invesco. It was launched on Jun 14, 1995. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
OIBAX vs. VOO - Performance Comparison
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OIBAX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, OIBAX achieves a -6.43% return, which is significantly lower than VOO's -3.66% return. Over the past 10 years, OIBAX has underperformed VOO with an annualized return of 1.48%, while VOO has yielded a comparatively higher 14.14% 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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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OIBAX vs. VOO - Expense Ratio Comparison
OIBAX has a 1.16% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
OIBAX vs. VOO — Risk / Return Rank
OIBAX
VOO
OIBAX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Bond Fund (OIBAX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 1.01 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.75 | 1.53 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.55 | -1.06 |
Martin ratioReturn relative to average drawdown | 2.26 | 7.31 | -5.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OIBAX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.01 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.71 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.79 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.83 | -0.10 |
Correlation
The correlation between OIBAX and VOO is 0.35, 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. VOO - Dividend Comparison
OIBAX's dividend yield for the trailing twelve months is around 2.75%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
OIBAX vs. VOO - Drawdown Comparison
The maximum OIBAX drawdown since its inception was -32.33%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OIBAX and VOO.
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Drawdown Indicators
| OIBAX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.33% | -33.99% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -11.98% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -24.52% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -32.33% | -33.99% | +1.66% |
Current DrawdownCurrent decline from peak | -8.93% | -5.55% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -3.72% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.55% | -0.36% |
Volatility
OIBAX vs. VOO - Volatility Comparison
Invesco International Bond Fund (OIBAX) has a higher volatility of 6.41% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that OIBAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIBAX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 5.34% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 9.47% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 18.11% | -7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.97% | 16.82% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 17.99% | -9.51% |