OPSIX vs. SPLG
Compare and contrast key facts about Invesco Global Strategic Income Fund (OPSIX) and SPDR Portfolio S&P 500 ETF (SPLG).
OPSIX is managed by Invesco. It was launched on Oct 15, 1989. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPSIX or SPLG.
Correlation
The correlation between OPSIX and SPLG is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OPSIX vs. SPLG - Performance Comparison
Key characteristics
OPSIX:
1.74
SPLG:
0.54
OPSIX:
2.51
SPLG:
0.87
OPSIX:
1.36
SPLG:
1.13
OPSIX:
0.97
SPLG:
0.55
OPSIX:
6.40
SPLG:
2.26
OPSIX:
1.63%
SPLG:
4.55%
OPSIX:
6.00%
SPLG:
19.28%
OPSIX:
-25.44%
SPLG:
-54.52%
OPSIX:
-0.82%
SPLG:
-9.92%
Returns By Period
In the year-to-date period, OPSIX achieves a 4.31% return, which is significantly higher than SPLG's -5.79% return. Over the past 10 years, OPSIX has underperformed SPLG with an annualized return of 1.58%, while SPLG has yielded a comparatively higher 12.21% annualized return.
OPSIX
4.31%
1.08%
4.72%
10.45%
3.63%
1.58%
SPLG
-5.79%
-0.96%
-4.32%
9.73%
15.84%
12.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OPSIX vs. SPLG - Expense Ratio Comparison
OPSIX has a 1.00% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
OPSIX vs. SPLG — Risk-Adjusted Performance Rank
OPSIX
SPLG
OPSIX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Strategic Income Fund (OPSIX) and SPDR Portfolio S&P 500 ETF (SPLG). 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
OPSIX vs. SPLG - Dividend Comparison
OPSIX's dividend yield for the trailing twelve months is around 5.35%, more than SPLG's 1.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPSIX Invesco Global Strategic Income Fund | 5.35% | 5.52% | 4.97% | 3.55% | 2.65% | 2.71% | 3.96% | 5.28% | 4.23% | 3.81% | 4.51% | 5.16% |
SPLG SPDR Portfolio S&P 500 ETF | 1.38% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
OPSIX vs. SPLG - Drawdown Comparison
The maximum OPSIX drawdown since its inception was -25.44%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for OPSIX and SPLG. For additional features, visit the drawdowns tool.
Volatility
OPSIX vs. SPLG - Volatility Comparison
The current volatility for Invesco Global Strategic Income Fund (OPSIX) is 2.85%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 14.16%. This indicates that OPSIX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.