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 0.78, 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
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Key characteristics
OPOCX:
0.04
SPY:
0.70
OPOCX:
0.18
SPY:
1.13
OPOCX:
1.02
SPY:
1.17
OPOCX:
-0.01
SPY:
0.76
OPOCX:
-0.03
SPY:
2.93
OPOCX:
12.74%
SPY:
4.86%
OPOCX:
28.14%
SPY:
20.29%
OPOCX:
-71.60%
SPY:
-55.19%
OPOCX:
-32.85%
SPY:
-3.97%
Returns By Period
In the year-to-date period, OPOCX achieves a -3.55% return, which is significantly lower than SPY's 0.43% return. Over the past 10 years, OPOCX has underperformed SPY with an annualized return of 2.06%, while SPY has yielded a comparatively higher 12.66% annualized return.
OPOCX
-3.55%
14.43%
-15.42%
1.01%
2.75%
2.06%
SPY
0.43%
9.91%
-1.06%
14.09%
17.31%
12.66%
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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.
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Dividends
OPOCX vs. SPY - Dividend Comparison
OPOCX's dividend yield for the trailing twelve months is around 7.11%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPOCX Invesco Discovery Fund | 7.11% | 6.86% | 0.00% | 0.00% | 20.51% | 11.22% | 6.42% | 18.85% | 24.93% | 8.66% | 13.68% | 19.78% |
SPY SPDR S&P 500 ETF | 1.22% | 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.
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Volatility
OPOCX vs. SPY - Volatility Comparison
Invesco Discovery Fund (OPOCX) has a higher volatility of 7.39% compared to SPDR S&P 500 ETF (SPY) at 6.25%. This indicates that OPOCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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