OPOCX vs. OBMCX
Compare and contrast key facts about Invesco Discovery Fund (OPOCX) and Oberweis Micro Cap Fund (OBMCX).
OPOCX is managed by Invesco. It was launched on Sep 11, 1986. OBMCX is managed by Oberweis. It was launched on Dec 29, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPOCX or OBMCX.
Key characteristics
| OPOCX | OBMCX | |
|---|---|---|
| YTD Return | 32.55% | 28.40% |
| 1Y Return | 53.81% | 52.67% |
| 3Y Return (Ann) | -7.05% | 1.95% |
| 5Y Return (Ann) | 6.54% | 17.59% |
| 10Y Return (Ann) | 3.87% | 9.87% |
| Sharpe Ratio | 2.53 | 2.22 |
| Sortino Ratio | 3.35 | 2.99 |
| Omega Ratio | 1.42 | 1.37 |
| Calmar Ratio | 1.10 | 1.66 |
| Martin Ratio | 16.78 | 12.66 |
| Ulcer Index | 3.14% | 4.06% |
| Daily Std Dev | 20.80% | 23.16% |
| Max Drawdown | -71.60% | -81.09% |
| Current Drawdown | -19.84% | 0.00% |
Correlation
The correlation between OPOCX and OBMCX is 0.84, 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
OPOCX vs. OBMCX - Performance Comparison
In the year-to-date period, OPOCX achieves a 32.55% return, which is significantly higher than OBMCX's 28.40% return. Over the past 10 years, OPOCX has underperformed OBMCX with an annualized return of 3.87%, while OBMCX has yielded a comparatively higher 9.87% 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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OPOCX vs. OBMCX - Expense Ratio Comparison
OPOCX has a 1.01% expense ratio, which is lower than OBMCX's 1.48% expense ratio.
Risk-Adjusted Performance
OPOCX vs. OBMCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund (OPOCX) and Oberweis Micro Cap Fund (OBMCX). 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
OPOCX vs. OBMCX - Dividend Comparison
Neither OPOCX nor OBMCX has paid dividends to shareholders.
Drawdowns
OPOCX vs. OBMCX - Drawdown Comparison
The maximum OPOCX drawdown since its inception was -71.60%, smaller than the maximum OBMCX drawdown of -81.09%. Use the drawdown chart below to compare losses from any high point for OPOCX and OBMCX. For additional features, visit the drawdowns tool.
Volatility
OPOCX vs. OBMCX - Volatility Comparison
Invesco Discovery Fund (OPOCX) has a higher volatility of 6.99% compared to Oberweis Micro Cap Fund (OBMCX) at 6.65%. This indicates that OPOCX's price experiences larger fluctuations and is considered to be riskier than OBMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.