OPPAX vs. SWPPX
Compare and contrast key facts about Invesco Global Fund (OPPAX) and Schwab S&P 500 Index Fund (SWPPX).
OPPAX is managed by Invesco. It was launched on Dec 21, 1969. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPPAX or SWPPX.
Correlation
The correlation between OPPAX and SWPPX is 0.85, 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. SWPPX - Performance Comparison
Key characteristics
OPPAX:
0.38
SWPPX:
2.16
OPPAX:
0.58
SWPPX:
2.87
OPPAX:
1.09
SWPPX:
1.40
OPPAX:
0.20
SWPPX:
3.22
OPPAX:
2.12
SWPPX:
13.84
OPPAX:
3.48%
SWPPX:
1.97%
OPPAX:
19.51%
SWPPX:
12.61%
OPPAX:
-63.60%
SWPPX:
-55.06%
OPPAX:
-31.06%
SWPPX:
-1.95%
Returns By Period
In the year-to-date period, OPPAX achieves a 6.92% return, which is significantly lower than SWPPX's 26.79% return. Over the past 10 years, OPPAX has underperformed SWPPX with an annualized return of 2.51%, while SWPPX has yielded a comparatively higher 13.08% annualized return.
OPPAX
6.92%
-5.75%
-6.73%
7.38%
-0.12%
2.51%
SWPPX
26.79%
0.10%
9.82%
27.22%
14.80%
13.08%
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OPPAX vs. SWPPX - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Risk-Adjusted Performance
OPPAX vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Schwab S&P 500 Index Fund (SWPPX). 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. SWPPX - Dividend Comparison
Neither OPPAX nor SWPPX has paid dividends to shareholders.
| 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% |
SWPPX Schwab S&P 500 Index Fund | 0.00% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
OPPAX vs. SWPPX - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -63.60%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for OPPAX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
OPPAX vs. SWPPX - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 12.96% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.14%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.