OPRA vs. SWPPX
OPRA (Opera Limited) is a stock, while SWPPX (Schwab S&P 500 Index Fund) is Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 5 years, OPRA returned 17.50%/yr vs 13.58%/yr for SWPPX. At a 0.37 correlation, their price movements are largely independent.
Performance
OPRA vs. SWPPX - Performance Comparison
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Returns By Period
In the year-to-date period, OPRA achieves a 32.72% return, which is significantly higher than SWPPX's 9.75% return.
OPRA
- 1D
- -1.83%
- 1M
- 4.88%
- YTD
- 32.72%
- 6M
- 30.05%
- 1Y
- 9.14%
- 3Y*
- 7.21%
- 5Y*
- 17.50%
- 10Y*
- —
SWPPX
- 1D
- -0.36%
- 1M
- 0.10%
- YTD
- 9.75%
- 6M
- 8.76%
- 1Y
- 25.48%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
OPRA vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 32.72% | -22.08% | 52.02% | 140.60% | -10.91% | -22.67% | -1.30% | 66.37% | -61.23% |
SWPPX Schwab S&P 500 Index Fund | 9.75% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -10.92% |
Correlation
The correlation between OPRA and SWPPX 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 | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.37 |
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Return for Risk
OPRA vs. SWPPX — Risk / Return Rank
OPRA
SWPPX
OPRA vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) 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.
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.
| OPRA | SWPPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.39 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 3.02 | -2.79 |
| Martin ratioReturn relative to average drawdown | 0.39 | 13.59 | -13.19 |
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Drawdowns
OPRA vs. SWPPX - Drawdown Comparison
The maximum OPRA drawdown since its inception was -72.85%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for OPRA and SWPPX.
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Drawdown Indicators
| OPRA | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.85% | -55.06% | -17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -41.28% | -8.89% | -32.39% |
Max Drawdown (3Y)Largest decline over 3 years | -61.68% | -18.74% | -42.94% |
Max Drawdown (5Y)Largest decline over 5 years | -62.86% | -24.51% | -38.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.80% | — |
Current DrawdownCurrent decline from peak | -25.26% | -1.74% | -23.52% |
Average DrawdownAverage peak-to-trough decline | -41.03% | -9.93% | -31.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.44% | 1.97% | +21.47% |
Volatility
OPRA vs. SWPPX - Volatility Comparison
Opera Limited (OPRA) has a higher volatility of 10.70% compared to Schwab S&P 500 Index Fund (SWPPX) at 4.73%. This indicates that OPRA'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.
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Volatility by Period
| OPRA | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 4.73% | +5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 39.37% | 9.87% | +29.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.37% | 12.53% | +39.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.51% | 17.02% | +43.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.25% | 18.27% | +45.98% |
Dividends
OPRA vs. SWPPX - Dividend Comparison
OPRA's dividend yield for the trailing twelve months is around 4.38%, more than SWPPX's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 4.38% | 5.65% | 4.22% | 8.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.01% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Frequently Asked Questions
OPRA and SWPPX 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.
OPRA has higher volatility (10.70%) compared to SWPPX (4.73%). In terms of maximum drawdown, OPRA dropped -72.85% vs SWPPX's -55.06%.
SWPPX currently has the higher Sharpe Ratio (2.14 vs 0.18), 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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