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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OIBAX or VOO.
Performance
OIBAX vs. VOO - Performance Comparison
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Key characteristics
OIBAX:
1.58
VOO:
0.70
OIBAX:
2.09
VOO:
1.05
OIBAX:
1.28
VOO:
1.15
OIBAX:
0.57
VOO:
0.69
OIBAX:
5.63
VOO:
2.62
OIBAX:
1.93%
VOO:
4.93%
OIBAX:
7.51%
VOO:
19.55%
OIBAX:
-31.91%
VOO:
-33.99%
OIBAX:
-8.24%
VOO:
-3.45%
Returns By Period
In the year-to-date period, OIBAX achieves a 7.28% return, which is significantly higher than VOO's 1.00% return. Over the past 10 years, OIBAX has underperformed VOO with an annualized return of 1.64%, while VOO has yielded a comparatively higher 12.81% annualized return.
OIBAX
7.28%
1.06%
7.93%
11.66%
4.89%
1.49%
1.64%
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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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.
Risk-Adjusted Performance
OIBAX vs. VOO — Risk-Adjusted Performance Rank
OIBAX
VOO
OIBAX vs. VOO - Risk-Adjusted Performance 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.
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Dividends
OIBAX vs. VOO - Dividend Comparison
OIBAX's dividend yield for the trailing twelve months is around 4.71%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIBAX Invesco International Bond Fund | 4.71% | 4.98% | 4.45% | 3.47% | 2.84% | 2.89% | 4.93% | 4.78% | 4.21% | 4.47% | 3.35% | 3.09% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
OIBAX vs. VOO - Drawdown Comparison
The maximum OIBAX drawdown since its inception was -31.91%, smaller than 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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Volatility
OIBAX vs. VOO - Volatility Comparison
The current volatility for Invesco International Bond Fund (OIBAX) is 1.87%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that OIBAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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