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 1.88%/yr vs 12.46%/yr for ARCC. At a 0.22 correlation, their price movements are largely independent.
Performance
OPSIX vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, OPSIX achieves a -3.47% return, which is significantly higher than ARCC's -6.83% return. Over the past 10 years, OPSIX has underperformed ARCC with an annualized return of 1.88%, while ARCC has yielded a comparatively higher 12.46% annualized return.
OPSIX
- 1D
- 0.00%
- 1M
- 0.79%
- YTD
- -3.47%
- 6M
- -2.73%
- 1Y
- 1.86%
- 3Y*
- 4.96%
- 5Y*
- 0.77%
- 10Y*
- 1.88%
ARCC
- 1D
- 0.28%
- 1M
- -1.31%
- YTD
- -6.83%
- 6M
- -5.38%
- 1Y
- -8.17%
- 3Y*
- 9.59%
- 5Y*
- 8.14%
- 10Y*
- 12.46%
OPSIX vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPSIX Invesco Global Strategic Income Fund | -3.47% | 11.76% | 2.79% | 7.62% | -12.37% | -3.32% | 3.52% | 10.60% | -4.67% | 6.22% |
ARCC Ares Capital Corporation | -6.83% | 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 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.94 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | -0.42 | +0.66 |
| Martin ratioReturn relative to average drawdown | 0.72 | -0.75 | +1.47 |
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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% | -19.35% | +10.64% |
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 | -4.63% | -15.20% | +10.57% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -9.11% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 10.89% | -8.15% |
Volatility
OPSIX vs. ARCC - Volatility Comparison
The current volatility for Invesco Global Strategic Income Fund (OPSIX) is 2.84%, while Ares Capital Corporation (ARCC) has a volatility of 4.64%. 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 | 2.84% | 4.64% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 15.11% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 18.65% | -8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 19.96% | -12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 25.60% | -18.43% |
Dividends
OPSIX vs. ARCC - Dividend Comparison
OPSIX's dividend yield for the trailing twelve months is around 3.81%, less than ARCC's 10.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.73% | 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 | 3.81% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (4.64%) compared to OPSIX (2.84%). In terms of maximum drawdown, OPSIX dropped -25.45% vs ARCC's -79.36%.
OPSIX currently has the higher Sharpe Ratio (0.21 vs -0.44), 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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