OIGAX vs. EFA
OIGAX (Invesco Oppenheimer International Growth Fund Class A) and EFA (iShares MSCI EAFE ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, OIGAX returned 5.81%/yr vs 9.11%/yr for EFA. Their correlation of 0.89 suggests significant overlap in exposure. OIGAX charges 1.10%/yr vs 0.32%/yr for EFA.
Performance
OIGAX vs. EFA - Performance Comparison
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Returns By Period
In the year-to-date period, OIGAX achieves a 3.90% return, which is significantly lower than EFA's 8.42% return. Over the past 10 years, OIGAX has underperformed EFA with an annualized return of 5.81%, while EFA has yielded a comparatively higher 9.11% annualized return.
OIGAX
- 1D
- 0.49%
- 1M
- 6.14%
- YTD
- 3.90%
- 6M
- 4.66%
- 1Y
- 9.89%
- 3Y*
- 7.76%
- 5Y*
- 1.65%
- 10Y*
- 5.81%
EFA
- 1D
- -0.86%
- 1M
- 3.40%
- YTD
- 8.42%
- 6M
- 10.94%
- 1Y
- 21.06%
- 3Y*
- 16.44%
- 5Y*
- 8.29%
- 10Y*
- 9.11%
OIGAX vs. EFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIGAX Invesco Oppenheimer International Growth Fund Class A | 3.90% | 15.86% | -1.85% | 20.93% | -27.31% | 10.38% | 22.11% | 28.62% | -19.53% | 26.61% |
EFA iShares MSCI EAFE ETF | 8.42% | 31.55% | 3.49% | 18.36% | -14.39% | 11.45% | 7.60% | 22.04% | -13.82% | 25.07% |
Correlation
The correlation between OIGAX and EFA is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2001 | 0.89 |
The correlation between OIGAX and EFA has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
OIGAX vs. EFA — Risk / Return Rank
OIGAX
EFA
OIGAX vs. EFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Oppenheimer International Growth Fund Class A (OIGAX) and iShares MSCI EAFE ETF (EFA). 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.
| OIGAX | EFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.85 | -1.19 |
| Martin ratioReturn relative to average drawdown | 2.18 | 6.94 | -4.76 |
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
| OIGAX | EFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.41 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.51 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.53 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.31 | +0.08 |
Drawdowns
OIGAX vs. EFA - Drawdown Comparison
The maximum OIGAX drawdown since its inception was -67.43%, which is greater than EFA's maximum drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for OIGAX and EFA.
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Drawdown Indicators
| OIGAX | EFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.43% | -61.04% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -11.42% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -14.05% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -40.41% | -29.53% | -10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -40.41% | -34.19% | -6.22% |
Current DrawdownCurrent decline from peak | -1.60% | -1.46% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -11.93% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 3.04% | +1.38% |
Volatility
OIGAX vs. EFA - Volatility Comparison
Invesco Oppenheimer International Growth Fund Class A (OIGAX) has a higher volatility of 5.76% compared to iShares MSCI EAFE ETF (EFA) at 4.98%. This indicates that OIGAX's price experiences larger fluctuations and is considered to be riskier than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIGAX | EFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 4.98% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 12.51% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 15.05% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 16.48% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 17.26% | +1.26% |
OIGAX vs. EFA - Expense Ratio Comparison
OIGAX has a 1.10% expense ratio, which is higher than EFA's 0.32% expense ratio.
Dividends
OIGAX vs. EFA - Dividend Comparison
OIGAX's dividend yield for the trailing twelve months is around 42.39%, more than EFA's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 3.12% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
OIGAX Invesco Oppenheimer International Growth Fund Class A | 42.39% | 44.04% | 11.27% | 11.59% | 0.00% | 13.52% | 14.72% | 0.84% | 1.08% | 0.59% | 1.02% | 0.87% |
Frequently Asked Questions
OIGAX and EFA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIGAX has higher volatility (5.76%) compared to EFA (4.98%). In terms of maximum drawdown, OIGAX dropped -67.43% vs EFA's -61.04%.
EFA currently has the higher Sharpe Ratio (1.41 vs 0.60), 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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