OPGSX vs. IAU
Compare and contrast key facts about Invesco Gold & Special Minerals Fund (OPGSX) and iShares Gold Trust (IAU).
OPGSX is managed by Invesco. It was launched on Jul 18, 1983. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPGSX or IAU.
Key characteristics
| OPGSX | IAU | |
|---|---|---|
| YTD Return | 27.09% | 29.90% |
| 1Y Return | 46.79% | 36.88% |
| 3Y Return (Ann) | 3.55% | 13.33% |
| 5Y Return (Ann) | 11.16% | 12.80% |
| 10Y Return (Ann) | 10.06% | 8.49% |
| Sharpe Ratio | 1.68 | 2.57 |
| Sortino Ratio | 2.30 | 3.40 |
| Omega Ratio | 1.28 | 1.45 |
| Calmar Ratio | 0.85 | 5.48 |
| Martin Ratio | 6.92 | 17.00 |
| Ulcer Index | 6.68% | 2.20% |
| Daily Std Dev | 27.57% | 14.53% |
| Max Drawdown | -81.04% | -45.14% |
| Current Drawdown | -31.01% | -3.70% |
Correlation
The correlation between OPGSX and IAU is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OPGSX vs. IAU - Performance Comparison
In the year-to-date period, OPGSX achieves a 27.09% return, which is significantly lower than IAU's 29.90% return. Over the past 10 years, OPGSX has outperformed IAU with an annualized return of 10.06%, while IAU has yielded a comparatively lower 8.49% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OPGSX vs. IAU - Expense Ratio Comparison
OPGSX has a 1.05% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
OPGSX vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Gold & Special Minerals Fund (OPGSX) and iShares Gold Trust (IAU). 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.
Dividends
OPGSX vs. IAU - Dividend Comparison
OPGSX's dividend yield for the trailing twelve months is around 0.64%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPGSX Invesco Gold & Special Minerals Fund | 0.64% | 0.81% | 0.45% | 3.56% | 1.55% | 0.29% | 0.00% | 2.78% | 7.21% | 0.00% | 2.26% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OPGSX vs. IAU - Drawdown Comparison
The maximum OPGSX drawdown since its inception was -81.04%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for OPGSX and IAU. For additional features, visit the drawdowns tool.
Volatility
OPGSX vs. IAU - Volatility Comparison
Invesco Gold & Special Minerals Fund (OPGSX) has a higher volatility of 6.86% compared to iShares Gold Trust (IAU) at 4.90%. This indicates that OPGSX's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.