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.
Performance
OPPAX vs. SWPPX - Performance Comparison
Returns By Period
In the year-to-date period, OPPAX achieves a 13.62% return, which is significantly lower than SWPPX's 25.53% return. Over the past 10 years, OPPAX has underperformed SWPPX with an annualized return of 2.62%, while SWPPX has yielded a comparatively higher 13.13% annualized return.
OPPAX
13.62%
-2.72%
0.49%
7.65%
1.90%
2.62%
SWPPX
25.53%
1.00%
11.90%
31.91%
15.62%
13.13%
Key characteristics
| OPPAX | SWPPX | |
|---|---|---|
| Sharpe Ratio | 0.48 | 2.67 |
| Sortino Ratio | 0.72 | 3.56 |
| Omega Ratio | 1.11 | 1.50 |
| Calmar Ratio | 0.23 | 3.89 |
| Martin Ratio | 2.48 | 17.45 |
| Ulcer Index | 3.52% | 1.88% |
| Daily Std Dev | 18.08% | 12.32% |
| Max Drawdown | -63.60% | -55.06% |
| Current Drawdown | -26.74% | -1.35% |
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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.
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.
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
OPPAX has not paid dividends to shareholders, while SWPPX's dividend yield for the trailing twelve months is around 1.14%.
| 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 | 1.14% | 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 4.56% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.06%. 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.