OPPAX vs. ACEIX
Compare and contrast key facts about Invesco Global Fund (OPPAX) and Invesco Equity and Income Fund (ACEIX).
OPPAX is managed by Invesco. It was launched on Dec 21, 1969. ACEIX is managed by Invesco. It was launched on Aug 2, 1960.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPPAX or ACEIX.
Correlation
The correlation between OPPAX and ACEIX is 0.70, 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
OPPAX vs. ACEIX - Performance Comparison
Key characteristics
OPPAX:
0.38
ACEIX:
1.62
OPPAX:
0.58
ACEIX:
2.31
OPPAX:
1.09
ACEIX:
1.30
OPPAX:
0.20
ACEIX:
0.68
OPPAX:
2.12
ACEIX:
8.88
OPPAX:
3.48%
ACEIX:
1.50%
OPPAX:
19.51%
ACEIX:
8.18%
OPPAX:
-63.60%
ACEIX:
-38.81%
OPPAX:
-31.06%
ACEIX:
-8.00%
Returns By Period
In the year-to-date period, OPPAX achieves a 6.92% return, which is significantly lower than ACEIX's 12.84% return. Both investments have delivered pretty close results over the past 10 years, with OPPAX having a 2.51% annualized return and ACEIX not far ahead at 2.58%.
OPPAX
6.92%
-5.75%
-6.73%
7.38%
-0.12%
2.51%
ACEIX
12.84%
-3.01%
7.14%
13.29%
3.43%
2.58%
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OPPAX vs. ACEIX - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is higher than ACEIX's 0.78% expense ratio.
Risk-Adjusted Performance
OPPAX vs. ACEIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Invesco Equity and Income Fund (ACEIX). 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
OPPAX vs. ACEIX - Dividend Comparison
OPPAX has not paid dividends to shareholders, while ACEIX's dividend yield for the trailing twelve months is around 8.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.53% | 0.55% | 0.55% | 0.69% | 0.69% | 0.87% | 0.78% |
ACEIX Invesco Equity and Income Fund | 8.20% | 2.00% | 1.90% | 1.42% | 1.62% | 1.89% | 2.36% | 2.04% | 1.72% | 2.37% | 2.80% | 1.91% |
Drawdowns
OPPAX vs. ACEIX - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -63.60%, which is greater than ACEIX's maximum drawdown of -38.81%. Use the drawdown chart below to compare losses from any high point for OPPAX and ACEIX. For additional features, visit the drawdowns tool.
Volatility
OPPAX vs. ACEIX - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 12.96% compared to Invesco Equity and Income Fund (ACEIX) at 2.75%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.