OOSAX vs. FLARX
OOSAX (Invesco Senior Floating Rate Fund) and FLARX (Victory Pioneer Floating Rate Fund Class A) are both Bank Loan funds. Over the past 10 years, OOSAX returned 3.63%/yr vs 3.69%/yr for FLARX. A 0.56 correlation means they provide meaningful diversification when combined. OOSAX charges 1.04%/yr vs 1.08%/yr for FLARX.
Performance
OOSAX vs. FLARX - Performance Comparison
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Returns By Period
In the year-to-date period, OOSAX achieves a -0.83% return, which is significantly lower than FLARX's 1.61% return. Both investments have delivered pretty close results over the past 10 years, with OOSAX having a 3.63% annualized return and FLARX not far ahead at 3.69%.
OOSAX
- 1D
- 0.00%
- 1M
- 0.62%
- YTD
- -0.83%
- 6M
- -0.50%
- 1Y
- 1.63%
- 3Y*
- 5.55%
- 5Y*
- 4.85%
- 10Y*
- 3.63%
FLARX
- 1D
- 0.00%
- 1M
- 0.70%
- YTD
- 1.61%
- 6M
- 2.37%
- 1Y
- 4.83%
- 3Y*
- 6.12%
- 5Y*
- 3.99%
- 10Y*
- 3.69%
OOSAX vs. FLARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | -0.83% | 3.78% | 7.76% | 10.67% | -0.94% | 8.66% | -4.46% | 2.36% | -0.86% | 3.79% |
FLARX Victory Pioneer Floating Rate Fund Class A | 1.61% | 4.55% | 7.40% | 8.89% | -3.77% | 4.17% | 0.94% | 7.23% | -0.32% | 3.41% |
Correlation
The correlation between OOSAX and FLARX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2007 | 0.56 |
Over the past year, the correlation between OOSAX and FLARX has dropped to 0.33 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
OOSAX vs. FLARX — Risk / Return Rank
OOSAX
FLARX
OOSAX vs. FLARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and Victory Pioneer Floating Rate Fund Class A (FLARX). 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 | FLARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.66 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 4.49 | -3.93 |
| Martin ratioReturn relative to average drawdown | 1.21 | 13.98 | -12.77 |
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Drawdowns
OOSAX vs. FLARX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.12%, roughly equal to the maximum FLARX drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for OOSAX and FLARX.
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Drawdown Indicators
| OOSAX | FLARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -30.68% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -1.04% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.23% | -2.10% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -6.52% | -6.79% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | -19.52% | -4.01% |
Current DrawdownCurrent decline from peak | -1.57% | -0.17% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -2.05% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.33% | +1.09% |
Volatility
OOSAX vs. FLARX - Volatility Comparison
Invesco Senior Floating Rate Fund (OOSAX) has a higher volatility of 0.86% compared to Victory Pioneer Floating Rate Fund Class A (FLARX) at 0.72%. This indicates that OOSAX's price experiences larger fluctuations and is considered to be riskier than FLARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOSAX | FLARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.72% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 1.81% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 2.46% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 2.69% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 3.63% | +0.50% |
OOSAX vs. FLARX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is lower than FLARX's 1.08% expense ratio.
Dividends
OOSAX vs. FLARX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 5.18%, less than FLARX's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLARX Victory Pioneer Floating Rate Fund Class A | 6.97% | 7.17% | 6.29% | 6.97% | 4.94% | 3.15% | 3.57% | 4.68% | 4.36% | 3.80% | 3.55% | 3.46% |
OOSAX Invesco Senior Floating Rate Fund | 5.18% | 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 FLARX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OOSAX has higher volatility (0.86%) compared to FLARX (0.72%). In terms of maximum drawdown, OOSAX dropped -32.12% vs FLARX's -30.68%.
FLARX currently has the higher Sharpe Ratio (1.90 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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