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 LBMA Gold Price. It was launched on Jan 21, 2005.
Performance
OPGSX vs. IAU - Performance Comparison
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OPGSX vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPGSX Invesco Gold & Special Minerals Fund | 0.44% | 131.03% | 13.05% | 6.35% | -16.86% | -2.75% | 36.15% | 46.37% | -13.15% | 17.17% |
IAU iShares Gold Trust | 8.61% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Returns By Period
In the year-to-date period, OPGSX achieves a 0.44% return, which is significantly lower than IAU's 8.61% return. Over the past 10 years, OPGSX has outperformed IAU with an annualized return of 17.37%, while IAU has yielded a comparatively lower 14.08% annualized return.
OPGSX
- 1D
- -0.37%
- 1M
- -23.68%
- YTD
- 0.44%
- 6M
- 13.72%
- 1Y
- 82.38%
- 3Y*
- 36.20%
- 5Y*
- 20.12%
- 10Y*
- 17.37%
IAU
- 1D
- 3.80%
- 1M
- -11.01%
- YTD
- 8.61%
- 6M
- 21.15%
- 1Y
- 49.53%
- 3Y*
- 33.12%
- 5Y*
- 21.78%
- 10Y*
- 14.08%
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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.
Return for Risk
OPGSX vs. IAU — Risk / Return Rank
OPGSX
IAU
OPGSX vs. IAU - Risk-Adjusted Trends 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.
| OPGSX | IAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.20 | 1.80 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.54 | 2.24 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.69 | +0.53 |
Martin ratioReturn relative to average drawdown | 12.84 | 9.97 | +2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPGSX | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.80 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.24 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.89 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.64 | -0.39 |
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.
Dividends
OPGSX vs. IAU - Dividend Comparison
OPGSX's dividend yield for the trailing twelve months is around 0.43%, while IAU has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPGSX Invesco Gold & Special Minerals Fund | 0.43% | 0.43% | 0.86% | 0.81% | 0.45% | 3.56% | 1.55% | 0.29% | 0.00% | 2.78% | 7.21% |
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 -80.04%, 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.
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Drawdown Indicators
| OPGSX | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.04% | -45.14% | -34.90% |
Max Drawdown (1Y)Largest decline over 1 year | -29.01% | -19.18% | -9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -47.09% | -20.93% | -26.16% |
Max Drawdown (10Y)Largest decline over 10 years | -47.09% | -21.82% | -25.27% |
Current DrawdownCurrent decline from peak | -24.65% | -13.20% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -29.33% | -15.98% | -13.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.27% | 5.18% | +2.09% |
Volatility
OPGSX vs. IAU - Volatility Comparison
Invesco Gold & Special Minerals Fund (OPGSX) has a higher volatility of 15.32% compared to iShares Gold Trust (IAU) at 11.02%. 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.
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Volatility by Period
| OPGSX | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.32% | 11.02% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 35.01% | 24.11% | +10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.01% | 27.62% | +15.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.97% | 17.69% | +15.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.93% | 15.82% | +17.11% |