OPGSX vs. FEGOX
OPGSX (Invesco Gold & Special Minerals Fund) and FEGOX (First Eagle Gold Fund Class C) are both Gold funds. Over the past 10 years, OPGSX returned 13.51%/yr vs 11.42%/yr for FEGOX. Their correlation of 0.94 suggests significant overlap in exposure. OPGSX charges 1.05%/yr vs 1.91%/yr for FEGOX.
Performance
OPGSX vs. FEGOX - Performance Comparison
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Returns By Period
In the year-to-date period, OPGSX achieves a -3.25% return, which is significantly higher than FEGOX's -3.45% return. Over the past 10 years, OPGSX has outperformed FEGOX with an annualized return of 13.51%, while FEGOX has yielded a comparatively lower 11.42% annualized return.
OPGSX
- 1D
- -1.04%
- 1M
- -3.98%
- YTD
- -3.25%
- 6M
- -7.32%
- 1Y
- 51.63%
- 3Y*
- 37.36%
- 5Y*
- 16.92%
- 10Y*
- 13.51%
FEGOX
- 1D
- -1.12%
- 1M
- -5.28%
- YTD
- -3.45%
- 6M
- -7.46%
- 1Y
- 47.68%
- 3Y*
- 35.72%
- 5Y*
- 19.10%
- 10Y*
- 11.42%
OPGSX vs. FEGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPGSX Invesco Gold & Special Minerals Fund | -3.25% | 131.03% | 13.05% | 6.35% | -16.86% | -2.75% | 36.15% | 46.37% | -13.15% | 17.17% |
FEGOX First Eagle Gold Fund Class C | -3.45% | 126.68% | 9.47% | 6.26% | -2.33% | -8.41% | 28.65% | 37.47% | -16.58% | 7.37% |
Correlation
The correlation between OPGSX and FEGOX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 15, 2003 | 0.94 |
The correlation between OPGSX and FEGOX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
OPGSX vs. FEGOX — Risk / Return Rank
OPGSX
FEGOX
OPGSX vs. FEGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Gold & Special Minerals Fund (OPGSX) and First Eagle Gold Fund Class C (FEGOX). 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.
| OPGSX | FEGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.50 | +0.25 |
| Martin ratioReturn relative to average drawdown | 4.66 | 4.10 | +0.56 |
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Drawdowns
OPGSX vs. FEGOX - Drawdown Comparison
The maximum OPGSX drawdown since its inception was -80.04%, which is greater than FEGOX's maximum drawdown of -71.67%. Use the drawdown chart below to compare losses from any high point for OPGSX and FEGOX.
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Drawdown Indicators
| OPGSX | FEGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.04% | -71.67% | -8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -34.52% | -32.53% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -34.52% | -32.53% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -47.09% | -34.24% | -12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -47.09% | -43.08% | -4.01% |
Current DrawdownCurrent decline from peak | -27.42% | -27.19% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -29.29% | -31.31% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.44% | 11.89% | +0.55% |
Volatility
OPGSX vs. FEGOX - Volatility Comparison
Invesco Gold & Special Minerals Fund (OPGSX) has a higher volatility of 15.38% compared to First Eagle Gold Fund Class C (FEGOX) at 13.38%. This indicates that OPGSX's price experiences larger fluctuations and is considered to be riskier than FEGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPGSX | FEGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 13.38% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 37.04% | 34.10% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.20% | 39.83% | +5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.96% | 29.12% | +4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.11% | 27.40% | +5.71% |
OPGSX vs. FEGOX - Expense Ratio Comparison
OPGSX has a 1.05% expense ratio, which is lower than FEGOX's 1.91% expense ratio.
Dividends
OPGSX vs. FEGOX - Dividend Comparison
OPGSX's dividend yield for the trailing twelve months is around 0.44%, less than FEGOX's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEGOX First Eagle Gold Fund Class C | 0.72% | 0.70% | 5.05% | 0.22% | 0.00% | 0.24% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% |
OPGSX Invesco Gold & Special Minerals Fund | 0.44% | 0.43% | 0.86% | 0.81% | 0.45% | 3.56% | 1.55% | 0.29% | 0.00% | 2.78% | 7.21% |
Frequently Asked Questions
OPGSX and FEGOX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPGSX has higher volatility (15.38%) compared to FEGOX (13.38%). In terms of maximum drawdown, OPGSX dropped -80.04% vs FEGOX's -71.67%.
OPGSX currently has the higher Sharpe Ratio (1.34 vs 1.23), 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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