OPIGX vs. CRAIX
OPIGX (Invesco Core Bond Fund) and CRAIX (CCM Community Impact Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, OPIGX returned 1.44%/yr vs 1.00%/yr for CRAIX. A 0.77 correlation means they provide meaningful diversification when combined. OPIGX charges 0.71%/yr vs 0.88%/yr for CRAIX.
Performance
OPIGX vs. CRAIX - Performance Comparison
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Returns By Period
In the year-to-date period, OPIGX achieves a -0.39% return, which is significantly lower than CRAIX's 0.36% return. Over the past 10 years, OPIGX has outperformed CRAIX with an annualized return of 1.44%, while CRAIX has yielded a comparatively lower 1.00% annualized return.
OPIGX
- 1D
- 0.18%
- 1M
- 0.87%
- YTD
- -0.39%
- 6M
- -0.05%
- 1Y
- 3.18%
- 3Y*
- 3.41%
- 5Y*
- -0.86%
- 10Y*
- 1.44%
CRAIX
- 1D
- 0.21%
- 1M
- 0.47%
- YTD
- 0.36%
- 6M
- 0.51%
- 1Y
- 4.10%
- 3Y*
- 3.73%
- 5Y*
- 0.17%
- 10Y*
- 1.00%
OPIGX vs. CRAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPIGX Invesco Core Bond Fund | -0.39% | 5.83% | 1.81% | 4.55% | -14.37% | -1.58% | 9.23% | 9.51% | -1.11% | 4.29% |
CRAIX CCM Community Impact Bond Fund | 0.36% | 6.40% | 1.97% | 3.98% | -10.19% | -1.72% | 3.99% | 5.44% | 0.10% | 2.81% |
Correlation
The correlation between OPIGX and CRAIX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1999 | 0.77 |
The correlation between OPIGX and CRAIX shifts across timeframes, from 0.77 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
OPIGX vs. CRAIX — Risk / Return Rank
OPIGX
CRAIX
OPIGX vs. CRAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Bond Fund (OPIGX) and CCM Community Impact Bond Fund (CRAIX). 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.
| OPIGX | CRAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.97 | -0.71 |
| Martin ratioReturn relative to average drawdown | 3.09 | 5.80 | -2.71 |
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Drawdowns
OPIGX vs. CRAIX - Drawdown Comparison
The maximum OPIGX drawdown since its inception was -46.78%, which is greater than CRAIX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for OPIGX and CRAIX.
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Drawdown Indicators
| OPIGX | CRAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.78% | -14.53% | -32.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.15% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -6.55% | -4.84% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -14.28% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.96% | -14.53% | -5.43% |
Current DrawdownCurrent decline from peak | -5.43% | -1.17% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -2.46% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.73% | +0.36% |
Volatility
OPIGX vs. CRAIX - Volatility Comparison
Invesco Core Bond Fund (OPIGX) has a higher volatility of 1.21% compared to CCM Community Impact Bond Fund (CRAIX) at 1.03%. This indicates that OPIGX's price experiences larger fluctuations and is considered to be riskier than CRAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPIGX | CRAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.03% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.24% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 2.94% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 4.60% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 3.65% | +1.32% |
OPIGX vs. CRAIX - Expense Ratio Comparison
OPIGX has a 0.71% expense ratio, which is lower than CRAIX's 0.88% expense ratio.
Dividends
OPIGX vs. CRAIX - Dividend Comparison
OPIGX's dividend yield for the trailing twelve months is around 2.79%, less than CRAIX's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRAIX CCM Community Impact Bond Fund | 3.09% | 3.01% | 2.92% | 2.48% | 1.61% | 1.18% | 1.77% | 2.32% | 2.30% | 2.78% | 2.28% | 2.12% |
OPIGX Invesco Core Bond Fund | 2.79% | 3.51% | 4.13% | 3.53% | 2.61% | 1.75% | 8.30% | 3.12% | 3.22% | 2.73% | 2.46% | 3.21% |
Frequently Asked Questions
OPIGX and CRAIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPIGX has higher volatility (1.21%) compared to CRAIX (1.03%). In terms of maximum drawdown, OPIGX dropped -46.78% vs CRAIX's -14.53%.
CRAIX currently has the higher Sharpe Ratio (1.44 vs 0.84), 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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