OOSAX vs. AGG
OOSAX (Invesco Senior Floating Rate Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - OOSAX is a Bank Loan fund managed by Invesco, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, OOSAX returned 3.51%/yr vs 1.39%/yr for AGG. Their -0.01 correlation means they have often moved in opposite directions in the past. OOSAX charges 1.04%/yr vs 0.03%/yr for AGG.
Performance
OOSAX vs. AGG - 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 AGG's -0.33% return. Over the past 10 years, OOSAX has outperformed AGG with an annualized return of 3.51%, while AGG has yielded a comparatively lower 1.39% 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%
AGG
- 1D
- 0.23%
- 1M
- -1.03%
- 6M
- -0.46%
- YTD
- -0.33%
- 1Y
- 2.07%
- 3Y*
- 4.07%
- 5Y*
- -0.40%
- 10Y*
- 1.39%
- ALL TIME*
- 3.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $834.55M | $796.03M | $811.71M | |
| $0.00 | $0.00 | $0.00 |
OOSAX vs. AGG - 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% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.33% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between OOSAX and AGG is -0.01, 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. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | -0.01 |
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Return for Risk
OOSAX vs. AGG — Risk / Return Rank
OOSAX
AGG
OOSAX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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 | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.75 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.10 | 1.89 | -1.99 |
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Drawdowns
OOSAX vs. AGG - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.12%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for OOSAX and AGG.
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Drawdown Indicators
| OOSAX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -18.43% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -2.76% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -3.23% | -4.98% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -6.52% | -17.73% | +11.21% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | -18.43% | -5.10% |
Current DrawdownCurrent decline from peak | -1.27% | -2.71% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -2.70% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.10% | +0.39% |
Volatility
OOSAX vs. AGG - Volatility Comparison
The current volatility for Invesco Senior Floating Rate Fund (OOSAX) is 0.28%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.06%. This indicates that OOSAX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOSAX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 1.06% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.99% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.70% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 6.10% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 5.42% | -1.28% |
OOSAX vs. AGG - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
OOSAX vs. AGG - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 4.48%, more than AGG's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 4.06% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
OOSAX Invesco Senior Floating Rate Fund | 4.48% | 6.68% | 8.38% | 7.76% | 7.42% | 4.37% | 4.84% | 5.24% | 4.65% | 4.08% | 4.78% | 4.65% |
Frequently Asked Questions
OOSAX and AGG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGG has higher volatility (1.06%) compared to OOSAX (0.28%). In terms of maximum drawdown, OOSAX dropped -32.12% vs AGG's -18.43%.
AGG currently has the higher Sharpe Ratio (0.56 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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