OPPAX vs. VVOAX
Compare and contrast key facts about Invesco Global Fund (OPPAX) and Invesco Value Opportunities Fund (VVOAX).
OPPAX is managed by Invesco. It was launched on Dec 21, 1969. VVOAX is managed by Invesco. It was launched on Jun 25, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPPAX or VVOAX.
Correlation
The correlation between OPPAX and VVOAX is 0.78, 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. VVOAX - Performance Comparison
Key characteristics
OPPAX:
0.35
VVOAX:
1.08
OPPAX:
0.55
VVOAX:
1.44
OPPAX:
1.09
VVOAX:
1.21
OPPAX:
0.18
VVOAX:
1.46
OPPAX:
2.24
VVOAX:
6.75
OPPAX:
3.05%
VVOAX:
3.16%
OPPAX:
19.61%
VVOAX:
19.79%
OPPAX:
-63.60%
VVOAX:
-65.29%
OPPAX:
-32.35%
VVOAX:
-14.55%
Returns By Period
In the year-to-date period, OPPAX achieves a 4.91% return, which is significantly lower than VVOAX's 19.30% return. Over the past 10 years, OPPAX has underperformed VVOAX with an annualized return of 2.35%, while VVOAX has yielded a comparatively higher 4.05% annualized return.
OPPAX
4.91%
-7.28%
-8.30%
5.96%
-0.32%
2.35%
VVOAX
19.30%
-9.19%
6.45%
19.77%
10.63%
4.05%
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OPPAX vs. VVOAX - Expense Ratio Comparison
OPPAX has a 1.04% expense ratio, which is lower than VVOAX's 1.22% expense ratio.
Risk-Adjusted Performance
OPPAX vs. VVOAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Fund (OPPAX) and Invesco Value Opportunities Fund (VVOAX). 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. VVOAX - Dividend Comparison
Neither OPPAX nor VVOAX 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% |
VVOAX Invesco Value Opportunities Fund | 0.00% | 0.21% | 0.75% | 0.60% | 0.25% | 0.00% | 0.00% | 0.00% | 0.16% | 1.15% | 1.72% | 1.00% |
Drawdowns
OPPAX vs. VVOAX - Drawdown Comparison
The maximum OPPAX drawdown since its inception was -63.60%, roughly equal to the maximum VVOAX drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for OPPAX and VVOAX. For additional features, visit the drawdowns tool.
Volatility
OPPAX vs. VVOAX - Volatility Comparison
Invesco Global Fund (OPPAX) has a higher volatility of 12.85% compared to Invesco Value Opportunities Fund (VVOAX) at 10.13%. This indicates that OPPAX's price experiences larger fluctuations and is considered to be riskier than VVOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.