OOSAX vs. SPYI
Compare and contrast key facts about Invesco Senior Floating Rate Fund (OOSAX) and NEOS S&P 500 High Income ETF (SPYI).
OOSAX is managed by Invesco. It was launched on Sep 7, 1999. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OOSAX or SPYI.
Correlation
The correlation between OOSAX and SPYI is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OOSAX vs. SPYI - Performance Comparison
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Key characteristics
OOSAX:
1.84
SPYI:
0.69
OOSAX:
3.43
SPYI:
1.14
OOSAX:
1.59
SPYI:
1.19
OOSAX:
2.12
SPYI:
0.77
OOSAX:
8.79
SPYI:
3.24
OOSAX:
0.69%
SPYI:
3.92%
OOSAX:
3.33%
SPYI:
17.11%
OOSAX:
-32.11%
SPYI:
-16.47%
OOSAX:
-0.07%
SPYI:
-2.84%
Returns By Period
In the year-to-date period, OOSAX achieves a 0.63% return, which is significantly lower than SPYI's 1.27% return.
OOSAX
0.63%
2.08%
2.25%
6.09%
8.17%
3.70%
SPYI
1.27%
7.76%
0.39%
11.76%
N/A
N/A
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OOSAX vs. SPYI - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
OOSAX vs. SPYI — Risk-Adjusted Performance Rank
OOSAX
SPYI
OOSAX vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) and NEOS S&P 500 High Income ETF (SPYI). 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.
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Dividends
OOSAX vs. SPYI - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 8.95%, less than SPYI's 12.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | 8.95% | 9.18% | 8.58% | 8.11% | 4.36% | 4.83% | 5.23% | 4.64% | 4.10% | 4.77% | 4.64% | 4.55% |
SPYI NEOS S&P 500 High Income ETF | 12.42% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OOSAX vs. SPYI - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.11%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for OOSAX and SPYI. For additional features, visit the drawdowns tool.
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Volatility
OOSAX vs. SPYI - Volatility Comparison
The current volatility for Invesco Senior Floating Rate Fund (OOSAX) is 0.94%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 5.46%. This indicates that OOSAX experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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