Correlation
The correlation between OIGAX and SPY is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
OIGAX vs. SPY
Compare and contrast key facts about Invesco Oppenheimer International Growth Fund Class A (OIGAX) and SPDR S&P 500 ETF (SPY).
OIGAX is managed by Invesco. It was launched on Mar 25, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OIGAX or SPY.
Performance
OIGAX vs. SPY - Performance Comparison
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Key characteristics
OIGAX:
0.20
SPY:
0.70
OIGAX:
0.36
SPY:
1.02
OIGAX:
1.05
SPY:
1.15
OIGAX:
0.11
SPY:
0.68
OIGAX:
0.40
SPY:
2.57
OIGAX:
7.14%
SPY:
4.93%
OIGAX:
18.06%
SPY:
20.42%
OIGAX:
-67.35%
SPY:
-55.19%
OIGAX:
-10.69%
SPY:
-3.55%
Returns By Period
In the year-to-date period, OIGAX achieves a 9.27% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, OIGAX has underperformed SPY with an annualized return of 4.31%, while SPY has yielded a comparatively higher 12.73% annualized return.
OIGAX
9.27%
4.10%
4.37%
2.73%
7.15%
6.63%
4.31%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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OIGAX vs. SPY - Expense Ratio Comparison
OIGAX has a 1.10% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OIGAX vs. SPY — Risk-Adjusted Performance Rank
OIGAX
SPY
OIGAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Oppenheimer International Growth Fund Class A (OIGAX) and SPDR S&P 500 ETF (SPY). 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
OIGAX vs. SPY - Dividend Comparison
OIGAX's dividend yield for the trailing twelve months is around 10.32%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIGAX Invesco Oppenheimer International Growth Fund Class A | 10.32% | 11.27% | 11.59% | 0.00% | 13.52% | 14.72% | 0.84% | 1.08% | 0.59% | 1.02% | 0.87% | 0.84% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OIGAX vs. SPY - Drawdown Comparison
The maximum OIGAX drawdown since its inception was -67.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OIGAX and SPY.
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Volatility
OIGAX vs. SPY - Volatility Comparison
The current volatility for Invesco Oppenheimer International Growth Fund Class A (OIGAX) is 3.56%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that OIGAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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