Correlation
The correlation between OIDAX and MGC is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
OIDAX vs. MGC
Compare and contrast key facts about Invesco International Diversified Fund Class A (OIDAX) and Vanguard Mega Cap ETF (MGC).
OIDAX is managed by Invesco. It was launched on Sep 27, 2005. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OIDAX or MGC.
Performance
OIDAX vs. MGC - Performance Comparison
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Key characteristics
OIDAX:
0.34
MGC:
0.75
OIDAX:
0.48
MGC:
1.06
OIDAX:
1.06
MGC:
1.15
OIDAX:
0.15
MGC:
0.70
OIDAX:
0.64
MGC:
2.58
OIDAX:
6.35%
MGC:
5.22%
OIDAX:
15.90%
MGC:
20.45%
OIDAX:
-58.55%
MGC:
-52.20%
OIDAX:
-12.54%
MGC:
-3.73%
Returns By Period
In the year-to-date period, OIDAX achieves a 9.61% return, which is significantly higher than MGC's 0.82% return. Over the past 10 years, OIDAX has underperformed MGC with an annualized return of 4.25%, while MGC has yielded a comparatively higher 13.44% annualized return.
OIDAX
9.61%
4.39%
6.10%
4.87%
4.81%
4.93%
4.25%
MGC
0.82%
5.84%
-0.66%
14.44%
15.78%
16.40%
13.44%
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OIDAX vs. MGC - Expense Ratio Comparison
OIDAX has a 0.42% expense ratio, which is higher than MGC's 0.07% expense ratio.
Risk-Adjusted Performance
OIDAX vs. MGC — Risk-Adjusted Performance Rank
OIDAX
MGC
OIDAX vs. MGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Diversified Fund Class A (OIDAX) and Vanguard Mega Cap ETF (MGC). 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
OIDAX vs. MGC - Dividend Comparison
OIDAX's dividend yield for the trailing twelve months is around 4.48%, more than MGC's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIDAX Invesco International Diversified Fund Class A | 4.48% | 4.91% | 0.38% | 14.79% | 7.92% | 1.12% | 2.15% | 0.83% | 0.38% | 0.41% | 0.95% | 0.64% |
MGC Vanguard Mega Cap ETF | 1.15% | 1.15% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.82% | 2.14% | 2.11% | 1.81% |
Drawdowns
OIDAX vs. MGC - Drawdown Comparison
The maximum OIDAX drawdown since its inception was -58.55%, which is greater than MGC's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for OIDAX and MGC.
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Volatility
OIDAX vs. MGC - Volatility Comparison
The current volatility for Invesco International Diversified Fund Class A (OIDAX) is 3.10%, while Vanguard Mega Cap ETF (MGC) has a volatility of 4.93%. This indicates that OIDAX experiences smaller price fluctuations and is considered to be less risky than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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