OOSAX vs. ^CASHX
OOSAX (Invesco Senior Floating Rate Fund) is Bank Loan fund managed by Invesco, while ^CASHX (US Money Market Index) is an index. Over the past 10 years, OOSAX returned 3.51%/yr vs 2.36%/yr for ^CASHX. Their -0.07 correlation means they have often moved in opposite directions in the past.
Performance
OOSAX vs. ^CASHX - Performance Comparison
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Returns By Period
In the year-to-date period, OOSAX achieves a -0.53% return, which is significantly lower than ^CASHX's 2.10% return. Over the past 10 years, OOSAX has outperformed ^CASHX with an annualized return of 3.51%, while ^CASHX has yielded a comparatively lower 2.36% annualized return.
OOSAX
- 1D
- 0.00%
- 1M
- -0.16%
- 6M
- 0.26%
- YTD
- -0.53%
- 1Y
- 0.01%
- 3Y*
- 5.00%
- 5Y*
- 4.73%
- 10Y*
- 3.51%
- ALL TIME*
- 4.40%
^CASHX
- 1D
- 0.01%
- 1M
- 0.26%
- 6M
- 1.77%
- YTD
- 2.10%
- 1Y
- 3.77%
- 3Y*
- 4.56%
- 5Y*
- 3.63%
- 10Y*
- 2.36%
- ALL TIME*
- 4.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 |
OOSAX vs. ^CASHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | -0.53% | 3.78% | 7.76% | 10.67% | -0.94% | 8.66% | -4.46% | 2.36% | -0.86% | 3.79% |
^CASHX US Money Market Index | 2.10% | 4.21% | 5.16% | 5.03% | 1.68% | 0.08% | 0.37% | 2.16% | 1.83% | 1.00% |
Correlation
The correlation between OOSAX and ^CASHX is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 1999 | -0.07 |
The correlation between OOSAX and ^CASHX shifts across timeframes, from -0.07 (all time) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
OOSAX vs. ^CASHX — Risk / Return Rank
OOSAX
^CASHX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OOSAX vs. ^CASHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and US Money Market Index (^CASHX). 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.
| OOSAX | ^CASHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -295.92 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.99 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | — | — |
| Martin ratioReturn relative to average drawdown | -0.10 | — | — |
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Drawdowns
OOSAX vs. ^CASHX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.12%, which is greater than ^CASHX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for OOSAX and ^CASHX.
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Drawdown Indicators
| OOSAX | ^CASHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | 0.00% | -32.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | 0.00% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.23% | 0.00% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -6.52% | 0.00% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | 0.00% | -23.53% |
Current DrawdownCurrent decline from peak | -1.27% | 0.00% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -2.14% | 0.00% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.00% | +1.49% |
Volatility
OOSAX vs. ^CASHX - Volatility Comparison
Invesco Senior Floating Rate Fund (OOSAX) has a higher volatility of 0.28% compared to US Money Market Index (^CASHX) at 0.00%. This indicates that OOSAX's price experiences larger fluctuations and is considered to be riskier than ^CASHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOSAX | ^CASHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.00% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 0.00% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 0.01% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 0.08% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 0.08% | +4.06% |
Frequently Asked Questions
OOSAX and ^CASHX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OOSAX has higher volatility (0.28%) compared to ^CASHX (0.00%). In terms of maximum drawdown, OOSAX dropped -32.12% vs ^CASHX's 0.00%.
^CASHX currently has the higher Sharpe Ratio (295.86 vs -0.06), 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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