OPPAX vs. VOO
Compare and contrast key facts about Invesco Global Fund (OPPAX) and Vanguard S&P 500 ETF (VOO).
OPPAX is managed by Invesco. It was launched on Dec 21, 1969. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPPAX or VOO.
Correlation
The correlation between OPPAX and VOO is 0.90, 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. VOO - Performance Comparison
Key characteristics
OPPAX:
-0.55
VOO:
0.32
OPPAX:
-0.60
VOO:
0.57
OPPAX:
0.91
VOO:
1.08
OPPAX:
-0.31
VOO:
0.32
OPPAX:
-1.45
VOO:
1.42
OPPAX:
9.23%
VOO:
4.19%
OPPAX:
24.46%
VOO:
18.73%
OPPAX:
-63.60%
VOO:
-33.99%
OPPAX:
-40.08%
VOO:
-13.85%
Returns By Period
In the year-to-date period, OPPAX achieves a -10.89% return, which is significantly lower than VOO's -9.88% return. Over the past 10 years, OPPAX has underperformed VOO with an annualized return of 0.37%, while VOO has yielded a comparatively higher 11.64% annualized return.
OPPAX
-10.89%
-8.04%
-19.68%
-13.07%
0.42%
0.37%
VOO
-9.88%
-5.88%
-9.00%
6.61%
14.69%
11.64%
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OPPAX vs. VOO - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
OPPAX vs. VOO — Risk-Adjusted Performance Rank
OPPAX
VOO
OPPAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
OPPAX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.44%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.53% | 0.55% | 0.55% | 0.69% | 0.69% | 0.87% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
OPPAX vs. VOO - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -63.60%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OPPAX and VOO. For additional features, visit the drawdowns tool.
Volatility
OPPAX vs. VOO - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 14.14% compared to Vanguard S&P 500 ETF (VOO) at 13.31%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.