OOSAX vs. FLYRX
OOSAX (Invesco Senior Floating Rate Fund) and FLYRX (Pioneer Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, OOSAX returned 3.51%/yr vs 3.87%/yr for FLYRX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. OOSAX charges 1.04%/yr vs 0.75%/yr for FLYRX.
Performance
OOSAX vs. FLYRX - 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 FLYRX's 2.09% return. Over the past 10 years, OOSAX has underperformed FLYRX with an annualized return of 3.51%, while FLYRX has yielded a comparatively higher 3.87% 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%
FLYRX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 2.20%
- YTD
- 2.09%
- 1Y
- 3.94%
- 3Y*
- 5.09%
- 5Y*
- 4.02%
- 10Y*
- 3.87%
- ALL TIME*
- 3.53%
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. FLYRX - 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% |
FLYRX Pioneer Floating Rate Fund | 2.09% | 4.90% | 6.94% | 8.31% | -3.26% | 4.32% | 2.10% | 7.57% | 0.17% | 3.74% |
Correlation
The correlation between OOSAX and FLYRX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2007 | 0.55 |
Over the past year, the correlation between OOSAX and FLYRX has dropped to 0.30 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
OOSAX vs. FLYRX — Risk / Return Rank
OOSAX
FLYRX
OOSAX vs. FLYRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and Pioneer Floating Rate Fund (FLYRX). 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 | FLYRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.54 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.03 | -4.09 |
| Martin ratioReturn relative to average drawdown | -0.10 | 11.83 | -11.94 |
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Drawdowns
OOSAX vs. FLYRX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.12%, roughly equal to the maximum FLYRX drawdown of -30.67%. Use the drawdown chart below to compare losses from any high point for OOSAX and FLYRX.
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Drawdown Indicators
| OOSAX | FLYRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -30.67% | -1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -0.94% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.23% | -2.05% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -6.52% | -6.61% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -23.53% | -19.05% | -4.48% |
Current DrawdownCurrent decline from peak | -1.27% | -0.17% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -1.97% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.32% | +1.17% |
Volatility
OOSAX vs. FLYRX - Volatility Comparison
Invesco Senior Floating Rate Fund (OOSAX) has a higher volatility of 0.28% compared to Pioneer Floating Rate Fund (FLYRX) at 0.24%. This indicates that OOSAX's price experiences larger fluctuations and is considered to be riskier than FLYRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOSAX | FLYRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.24% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.65% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 2.44% | +0.63% |
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% | 3.58% | +0.56% |
OOSAX vs. FLYRX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than FLYRX's 0.75% expense ratio.
Dividends
OOSAX vs. FLYRX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 4.48%, less than FLYRX's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLYRX Pioneer Floating Rate Fund | 6.57% | 7.48% | 5.87% | 6.45% | 5.40% | 3.46% | 3.91% | 5.01% | 4.70% | 4.13% | 3.88% | 3.85% |
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 FLYRX have a correlation of 0.30, 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 FLYRX (0.24%). In terms of maximum drawdown, OOSAX dropped -32.12% vs FLYRX's -30.67%.
FLYRX currently has the higher Sharpe Ratio (1.60 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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