OOSAX vs. FLOTX
OOSAX (Invesco Senior Floating Rate Fund) and FLOTX (Donoghue Forlines Risk Managed Income Fund) are both Bank Loan funds. Over the past 5 years, OOSAX returned 4.73%/yr vs 2.80%/yr for FLOTX. Their 0.25 correlation means their historical movements had little consistent relationship. OOSAX charges 1.04%/yr vs 1.07%/yr for FLOTX.
Performance
OOSAX vs. FLOTX - 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 FLOTX's -0.16% 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%
FLOTX
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- -0.06%
- YTD
- -0.16%
- 1Y
- 2.30%
- 3Y*
- 4.46%
- 5Y*
- 2.80%
- 10Y*
- —
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OOSAX vs. FLOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | -0.53% | 3.78% | 7.76% | 10.67% | -0.94% | 8.66% | -4.46% | 2.36% | -1.85% |
FLOTX Donoghue Forlines Risk Managed Income Fund | -0.16% | 2.47% | 6.76% | 8.28% | -3.59% | 2.45% | 3.95% | 3.51% | 1.96% |
Correlation
The correlation between OOSAX and FLOTX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.25 |
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Return for Risk
OOSAX vs. FLOTX — Risk / Return Rank
OOSAX
FLOTX
OOSAX vs. FLOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and Donoghue Forlines Risk Managed Income Fund (FLOTX). 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 | FLOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.93 | -0.98 |
| Martin ratioReturn relative to average drawdown | -0.10 | 2.32 | -2.42 |
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Drawdowns
OOSAX vs. FLOTX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.12%, which is greater than FLOTX's maximum drawdown of -4.40%. Use the drawdown chart below to compare losses from any high point for OOSAX and FLOTX.
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Drawdown Indicators
| OOSAX | FLOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -4.40% | -27.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -2.36% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.23% | -3.34% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -6.52% | -4.40% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -0.59% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -1.03% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.95% | +0.54% |
Volatility
OOSAX vs. FLOTX - Volatility Comparison
The current volatility for Invesco Senior Floating Rate Fund (OOSAX) is 0.28%, while Donoghue Forlines Risk Managed Income Fund (FLOTX) has a volatility of 0.42%. This indicates that OOSAX experiences smaller price fluctuations and is considered to be less risky than FLOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOSAX | FLOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.42% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.33% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 1.68% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 2.69% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 2.44% | +1.70% |
OOSAX vs. FLOTX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is lower than FLOTX's 1.07% expense ratio.
Dividends
OOSAX vs. FLOTX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 4.48%, less than FLOTX's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOTX Donoghue Forlines Risk Managed Income Fund | 6.69% | 5.79% | 7.15% | 7.16% | 1.56% | 2.13% | 2.42% | 3.78% | 3.20% | 0.00% | 0.00% | 0.00% |
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 FLOTX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOTX has higher volatility (0.42%) compared to OOSAX (0.28%). In terms of maximum drawdown, OOSAX dropped -32.12% vs FLOTX's -4.40%.
FLOTX currently has the higher Sharpe Ratio (1.31 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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