OIDAX vs. SSGLX
OIDAX (Invesco International Diversified Fund Class A) and SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) are both Global Equities funds. Over the past 10 years, OIDAX returned 6.94%/yr vs 9.34%/yr for SSGLX. Their correlation of 0.89 means they have usually moved in the same direction. OIDAX charges 0.42%/yr vs 0.07%/yr for SSGLX.
Performance
OIDAX vs. SSGLX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with OIDAX having a 12.26% return and SSGLX slightly higher at 12.81%. Over the past 10 years, OIDAX has underperformed SSGLX with an annualized return of 6.94%, while SSGLX has yielded a comparatively higher 9.34% annualized return.
OIDAX
- 1D
- 2.75%
- 1M
- 1.84%
- 6M
- 5.51%
- YTD
- 12.26%
- 1Y
- 23.74%
- 3Y*
- 10.32%
- 5Y*
- 2.52%
- 10Y*
- 6.94%
- ALL TIME*
- 6.23%
SSGLX
- 1D
- 2.99%
- 1M
- -0.39%
- 6M
- 6.33%
- YTD
- 12.81%
- 1Y
- 28.04%
- 3Y*
- 16.85%
- 5Y*
- 8.76%
- 10Y*
- 9.34%
- ALL TIME*
- 6.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OIDAX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIDAX Invesco International Diversified Fund Class A | 12.26% | 21.42% | -2.54% | 15.42% | -25.22% | 4.01% | 20.55% | 24.60% | -14.62% | 32.40% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 12.81% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Correlation
The correlation between OIDAX and SSGLX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014 | 0.89 |
The correlation between OIDAX and SSGLX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
OIDAX vs. SSGLX — Risk / Return Rank
OIDAX
SSGLX
OIDAX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Diversified Fund Class A (OIDAX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OIDAX | SSGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.30 | -0.10 |
| Martin ratioReturn relative to average drawdown | 7.80 | 8.47 | -0.67 |
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Drawdowns
OIDAX vs. SSGLX - Drawdown Comparison
The maximum OIDAX drawdown since its inception was -58.55%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for OIDAX and SSGLX.
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Drawdown Indicators
| OIDAX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -35.88% | -22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -11.22% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -13.56% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -38.09% | -30.08% | -8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -35.88% | -2.21% |
Current DrawdownCurrent decline from peak | -0.67% | -2.45% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -8.15% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.04% | 0.00% |
Volatility
OIDAX vs. SSGLX - Volatility Comparison
Invesco International Diversified Fund Class A (OIDAX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) have volatilities of 4.97% and 4.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIDAX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 4.87% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 13.31% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 15.18% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 15.00% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 16.11% | +0.34% |
OIDAX vs. SSGLX - Expense Ratio Comparison
OIDAX has a 0.42% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Dividends
OIDAX vs. SSGLX - Dividend Comparison
OIDAX's dividend yield for the trailing twelve months is around 31.92%, more than SSGLX's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIDAX Invesco International Diversified Fund Class A | 31.92% | 35.83% | 4.92% | 0.38% | 14.78% | 7.92% | 1.12% | 2.15% | 0.82% | 0.38% | 0.41% | 0.96% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 3.91% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Frequently Asked Questions
OIDAX and SSGLX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIDAX has higher volatility (4.97%) compared to SSGLX (4.87%). In terms of maximum drawdown, OIDAX dropped -58.55% vs SSGLX's -35.88%.
SSGLX currently has the higher Sharpe Ratio (1.70 vs 1.46), 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.
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