OPOCX vs. SPY
Compare and contrast key facts about Invesco Discovery Fund (OPOCX) and SPDR S&P 500 ETF (SPY).
OPOCX is managed by Invesco. It was launched on Sep 11, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPOCX or SPY.
Correlation
The correlation between OPOCX and SPY is 0.77, 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. SPY - Performance Comparison
Key characteristics
OPOCX:
-0.33
SPY:
0.30
OPOCX:
-0.29
SPY:
0.56
OPOCX:
0.96
SPY:
1.08
OPOCX:
-0.20
SPY:
0.31
OPOCX:
-0.82
SPY:
1.40
OPOCX:
11.27%
SPY:
4.18%
OPOCX:
27.49%
SPY:
19.64%
OPOCX:
-71.60%
SPY:
-55.19%
OPOCX:
-41.13%
SPY:
-13.86%
Returns By Period
In the year-to-date period, OPOCX achieves a -15.44% return, which is significantly lower than SPY's -9.91% return. Over the past 10 years, OPOCX has underperformed SPY with an annualized return of 0.53%, while SPY has yielded a comparatively higher 11.59% annualized return.
OPOCX
-15.44%
-6.85%
-21.11%
-7.24%
1.44%
0.53%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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OPOCX vs. SPY - Expense Ratio Comparison
OPOCX has a 1.01% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OPOCX vs. SPY — Risk-Adjusted Performance Rank
OPOCX
SPY
OPOCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund (OPOCX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
OPOCX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPOCX Invesco Discovery Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OPOCX vs. SPY - Drawdown Comparison
The maximum OPOCX drawdown since its inception was -71.60%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OPOCX and SPY. For additional features, visit the drawdowns tool.
Volatility
OPOCX vs. SPY - Volatility Comparison
Invesco Discovery Fund (OPOCX) and SPDR S&P 500 ETF (SPY) have volatilities of 15.17% and 14.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.