OPPAX vs. FSTEX
OPPAX (Invesco Global Fund) and FSTEX (Invesco Energy Fund) are both mutual funds - OPPAX is a Global Equities fund managed by Invesco, while FSTEX is a Energy Equities fund managed by Invesco. Over the past 10 years, OPPAX returned 11.51%/yr vs 7.85%/yr for FSTEX. Their 0.43 correlation means their historical movements had little consistent relationship. OPPAX charges 1.04%/yr vs 1.36%/yr for FSTEX.
Performance
OPPAX vs. FSTEX - Performance Comparison
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Returns By Period
In the year-to-date period, OPPAX achieves a 3.45% return, which is significantly lower than FSTEX's 34.11% return. Over the past 10 years, OPPAX has outperformed FSTEX with an annualized return of 11.51%, while FSTEX has yielded a comparatively lower 7.85% annualized return.
OPPAX
- 1D
- 1.60%
- 1M
- -2.97%
- 6M
- 2.66%
- YTD
- 3.45%
- 1Y
- 12.83%
- 3Y*
- 13.56%
- 5Y*
- 4.78%
- 10Y*
- 11.51%
- ALL TIME*
- 9.14%
FSTEX
- 1D
- 0.99%
- 1M
- 13.93%
- 6M
- 21.22%
- YTD
- 34.11%
- 1Y
- 43.89%
- 3Y*
- 16.74%
- 5Y*
- 24.42%
- 10Y*
- 7.85%
- ALL TIME*
- 6.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FSTEX Invesco Energy Fund | $0.00 | $0.00 | $0.00 |
OPPAX Invesco Global Fund | $0.00 | $0.00 | $0.00 |
OPPAX vs. FSTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 3.45% | 15.20% | 16.16% | 34.18% | -32.18% | 15.23% | 27.64% | 31.58% | -13.65% | 36.25% |
FSTEX Invesco Energy Fund | 34.11% | 12.31% | 6.00% | 0.28% | 52.85% | 55.99% | -32.13% | 4.78% | -26.82% | -8.26% |
Correlation
The correlation between OPPAX and FSTEX is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 1984 | 0.43 |
The correlation between OPPAX and FSTEX shifts across timeframes, from -0.17 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OPPAX vs. FSTEX — Risk / Return Rank
OPPAX
FSTEX
OPPAX vs. FSTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Invesco Energy Fund (FSTEX). 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.
| OPPAX | FSTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.55 | -1.79 |
| Martin ratioReturn relative to average drawdown | 2.58 | 8.13 | -5.55 |
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Drawdowns
OPPAX vs. FSTEX - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -60.39%, smaller than the maximum FSTEX drawdown of -83.31%. Use the drawdown chart below to compare losses from any high point for OPPAX and FSTEX.
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Drawdown Indicators
| OPPAX | FSTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.39% | -83.31% | +22.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -16.54% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.69% | -18.58% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -41.90% | -26.88% | -15.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -73.41% | +31.51% |
Current DrawdownCurrent decline from peak | -6.57% | -3.95% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -15.42% | -25.14% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 5.19% | -0.61% |
Volatility
OPPAX vs. FSTEX - Volatility Comparison
The current volatility for Invesco Global Fund (OPPAX) is 6.15%, while Invesco Energy Fund (FSTEX) has a volatility of 6.52%. This indicates that OPPAX experiences smaller price fluctuations and is considered to be less risky than FSTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPAX | FSTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 6.52% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.43% | 16.56% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 20.19% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 24.98% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 29.56% | -8.82% |
OPPAX vs. FSTEX - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is lower than FSTEX's 1.36% expense ratio.
Dividends
OPPAX vs. FSTEX - Dividend Comparison
OPPAX's dividend yield for the trailing twelve months is around 23.97%, more than FSTEX's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTEX Invesco Energy Fund | 1.66% | 2.22% | 4.03% | 2.11% | 0.89% | 1.80% | 2.21% | 1.53% | 3.05% | 2.22% | 1.10% | 1.58% |
OPPAX Invesco Global Fund | 23.97% | 24.79% | 11.93% | 10.72% | 14.18% | 7.18% | 5.72% | 1.35% | 12.92% | 5.92% | 0.69% | 5.17% |
Frequently Asked Questions
OPPAX and FSTEX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSTEX has higher volatility (6.52%) compared to OPPAX (6.15%). In terms of maximum drawdown, OPPAX dropped -60.39% vs FSTEX's -83.31%.
FSTEX currently has the higher Sharpe Ratio (2.09 vs 0.63), 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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