OPPAX vs. IDMO
Compare and contrast key facts about Invesco Global Fund (OPPAX) and Invesco S&P International Developed Momentum ETF (IDMO).
OPPAX is managed by Invesco. It was launched on Dec 21, 1969. IDMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. It was launched on Feb 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPPAX or IDMO.
Key characteristics
| OPPAX | IDMO | |
|---|---|---|
| YTD Return | 17.71% | 16.82% |
| 1Y Return | 16.81% | 28.59% |
| 3Y Return (Ann) | -8.37% | 6.71% |
| 5Y Return (Ann) | 2.70% | 13.02% |
| 10Y Return (Ann) | 3.15% | 9.83% |
| Sharpe Ratio | 1.01 | 1.90 |
| Sortino Ratio | 1.35 | 2.51 |
| Omega Ratio | 1.21 | 1.33 |
| Calmar Ratio | 0.49 | 2.64 |
| Martin Ratio | 5.30 | 11.16 |
| Ulcer Index | 3.47% | 2.70% |
| Daily Std Dev | 18.12% | 15.83% |
| Max Drawdown | -63.60% | -39.37% |
| Current Drawdown | -24.10% | -1.17% |
Correlation
The correlation between OPPAX and IDMO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OPPAX vs. IDMO - Performance Comparison
In the year-to-date period, OPPAX achieves a 17.71% return, which is significantly higher than IDMO's 16.82% return. Over the past 10 years, OPPAX has underperformed IDMO with an annualized return of 3.15%, while IDMO has yielded a comparatively higher 9.83% 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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OPPAX vs. IDMO - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Risk-Adjusted Performance
OPPAX vs. IDMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Invesco S&P International Developed Momentum ETF (IDMO). 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. IDMO - Dividend Comparison
OPPAX has not paid dividends to shareholders, while IDMO's dividend yield for the trailing twelve months is around 2.23%.
| 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% |
IDMO Invesco S&P International Developed Momentum ETF | 2.23% | 2.89% | 3.66% | 1.81% | 1.64% | 2.10% | 3.27% | 3.08% | 2.18% | 2.52% | 2.18% | 1.70% |
Drawdowns
OPPAX vs. IDMO - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -63.60%, which is greater than IDMO's maximum drawdown of -39.37%. Use the drawdown chart below to compare losses from any high point for OPPAX and IDMO. For additional features, visit the drawdowns tool.
Volatility
OPPAX vs. IDMO - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 4.49% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 3.61%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.