OPPAX vs. PGVFX
OPPAX (Invesco Global Fund) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, OPPAX returned 12.67%/yr vs 11.58%/yr for PGVFX. A 0.77 correlation means they provide meaningful diversification when combined. OPPAX charges 1.04%/yr vs 0.99%/yr for PGVFX.
Performance
OPPAX vs. PGVFX - Performance Comparison
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Returns By Period
In the year-to-date period, OPPAX achieves a 5.85% return, which is significantly lower than PGVFX's 18.86% return. Over the past 10 years, OPPAX has outperformed PGVFX with an annualized return of 12.67%, while PGVFX has yielded a comparatively lower 11.58% annualized return.
OPPAX
- 1D
- -3.50%
- 1M
- 0.75%
- YTD
- 5.85%
- 6M
- 4.94%
- 1Y
- 15.71%
- 3Y*
- 16.26%
- 5Y*
- 5.86%
- 10Y*
- 12.67%
PGVFX
- 1D
- -1.95%
- 1M
- 0.48%
- YTD
- 18.86%
- 6M
- 18.76%
- 1Y
- 35.91%
- 3Y*
- 21.35%
- 5Y*
- 9.99%
- 10Y*
- 11.58%
OPPAX vs. PGVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 5.85% | 15.20% | 16.16% | 34.18% | -32.18% | 15.23% | 27.64% | 31.58% | -13.65% | 36.25% |
PGVFX Polaris Global Value Fund | 18.86% | 27.01% | 5.33% | 14.76% | -12.00% | 15.38% | 6.65% | 22.83% | -12.64% | 20.60% |
Correlation
The correlation between OPPAX and PGVFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 29, 1998 | 0.77 |
Over the past year, the correlation between OPPAX and PGVFX has dropped to 0.42 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
OPPAX vs. PGVFX — Risk / Return Rank
OPPAX
PGVFX
OPPAX vs. PGVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Polaris Global Value Fund (PGVFX). 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 | PGVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.57 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 4.35 | -3.12 |
| Martin ratioReturn relative to average drawdown | 4.48 | 15.62 | -11.14 |
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Drawdowns
OPPAX vs. PGVFX - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -60.39%, smaller than the maximum PGVFX drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for OPPAX and PGVFX.
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Drawdown Indicators
| OPPAX | PGVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.39% | -68.09% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -8.76% | -7.50% |
Max Drawdown (3Y)Largest decline over 3 years | -21.69% | -12.53% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -41.90% | -27.58% | -14.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -41.26% | -0.64% |
Current DrawdownCurrent decline from peak | -4.40% | -1.95% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -15.44% | -11.28% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 2.43% | +1.81% |
Volatility
OPPAX vs. PGVFX - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 9.08% compared to Polaris Global Value Fund (PGVFX) at 4.64%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than PGVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPPAX | PGVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 4.64% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 10.38% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 12.42% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.60% | 13.89% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 15.72% | +5.00% |
OPPAX vs. PGVFX - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is higher than PGVFX's 0.99% expense ratio.
Dividends
OPPAX vs. PGVFX - Dividend Comparison
OPPAX's dividend yield for the trailing twelve months is around 23.42%, more than PGVFX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 23.42% | 24.79% | 11.93% | 10.72% | 14.18% | 7.18% | 5.72% | 1.35% | 12.92% | 5.92% | 0.69% | 5.17% |
PGVFX Polaris Global Value Fund | 4.35% | 5.17% | 5.65% | 1.68% | 3.55% | 4.05% | 1.55% | 3.69% | 3.39% | 1.50% | 1.32% | 1.26% |
Frequently Asked Questions
OPPAX and PGVFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPAX has higher volatility (9.08%) compared to PGVFX (4.64%). In terms of maximum drawdown, OPPAX dropped -60.39% vs PGVFX's -68.09%.
PGVFX currently has the higher Sharpe Ratio (3.06 vs 1.06), 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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