OPSIX vs. ARCC
OPSIX (Invesco Global Strategic Income Fund) is Global Bonds fund managed by Invesco, while ARCC (Ares Capital Corporation) is a stock. Over the past 10 years, OPSIX returned 1.68%/yr vs 12.33%/yr for ARCC. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
OPSIX vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, OPSIX achieves a -3.33% return, which is significantly lower than ARCC's -2.30% return. Over the past 10 years, OPSIX has underperformed ARCC with an annualized return of 1.68%, while ARCC has yielded a comparatively higher 12.33% annualized return.
OPSIX
- 1D
- 0.65%
- 1M
- -0.64%
- 6M
- -4.21%
- YTD
- -3.33%
- 1Y
- 0.45%
- 3Y*
- 4.36%
- 5Y*
- 0.88%
- 10Y*
- 1.68%
- ALL TIME*
- 5.49%
ARCC
- 1D
- -0.37%
- 1M
- 0.16%
- 6M
- -0.63%
- YTD
- -2.30%
- 1Y
- -7.66%
- 3Y*
- 8.39%
- 5Y*
- 8.57%
- 10Y*
- 12.33%
- ALL TIME*
- 11.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.64M | $84.10M | $93.93M | |
| $0.00 | $0.00 | $0.00 |
OPSIX vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPSIX Invesco Global Strategic Income Fund | -3.33% | 11.76% | 2.79% | 7.62% | -12.37% | -3.32% | 3.52% | 10.60% | -4.67% | 6.22% |
ARCC Ares Capital Corporation | -2.30% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between OPSIX and ARCC is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2004 | 0.22 |
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Return for Risk
OPSIX vs. ARCC — Risk / Return Rank
OPSIX
ARCC
OPSIX vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Strategic Income Fund (OPSIX) and Ares Capital Corporation (ARCC). 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.
| OPSIX | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.94 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.50 | +0.70 |
| Martin ratioReturn relative to average drawdown | 0.53 | -0.91 | +1.44 |
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Drawdowns
OPSIX vs. ARCC - Drawdown Comparison
The maximum OPSIX drawdown since its inception was -25.45%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for OPSIX and ARCC.
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Drawdown Indicators
| OPSIX | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.45% | -79.36% | +53.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -17.35% | +8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -8.71% | -19.35% | +10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -21.76% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -25.13% | -56.77% | +31.64% |
Current DrawdownCurrent decline from peak | -4.49% | -11.07% | +6.58% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -9.12% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 9.51% | -6.41% |
Volatility
OPSIX vs. ARCC - Volatility Comparison
The current volatility for Invesco Global Strategic Income Fund (OPSIX) is 2.37%, while Ares Capital Corporation (ARCC) has a volatility of 4.33%. This indicates that OPSIX experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPSIX | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 4.33% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 14.79% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 18.86% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 19.97% | -12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.21% | 25.58% | -18.37% |
Dividends
OPSIX vs. ARCC - Dividend Comparison
OPSIX's dividend yield for the trailing twelve months is around 3.35%, less than ARCC's 10.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.23% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
OPSIX Invesco Global Strategic Income Fund | 3.35% | 4.39% | 5.02% | 4.03% | 2.89% | 2.63% | 2.71% | 4.57% | 5.28% | 4.24% | 3.51% | 4.50% |
Frequently Asked Questions
OPSIX and ARCC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (4.33%) compared to OPSIX (2.37%). In terms of maximum drawdown, OPSIX dropped -25.45% vs ARCC's -79.36%.
OPSIX currently has the higher Sharpe Ratio (0.18 vs -0.46), 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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