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.
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.
Performance
OPSIX vs. SPLG - Performance Comparison
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Key characteristics
OPSIX:
1.59
SPLG:
0.73
OPSIX:
2.17
SPLG:
1.04
OPSIX:
1.31
SPLG:
1.15
OPSIX:
0.99
SPLG:
0.68
OPSIX:
5.52
SPLG:
2.58
OPSIX:
1.63%
SPLG:
4.93%
OPSIX:
5.89%
SPLG:
19.61%
OPSIX:
-25.44%
SPLG:
-54.52%
OPSIX:
-0.07%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, OPSIX achieves a 5.10% return, which is significantly higher than SPLG's 0.89% return. Over the past 10 years, OPSIX has underperformed SPLG with an annualized return of 1.67%, while SPLG has yielded a comparatively higher 12.72% annualized return.
OPSIX
5.10%
0.95%
4.90%
8.48%
4.39%
2.31%
1.67%
SPLG
0.89%
4.04%
-1.55%
13.29%
14.31%
15.91%
12.72%
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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.
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Dividends
OPSIX vs. SPLG - Dividend Comparison
OPSIX's dividend yield for the trailing twelve months is around 4.84%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPSIX Invesco Global Strategic Income Fund | 4.84% | 5.45% | 4.92% | 3.44% | 2.60% | 2.71% | 4.60% | 5.28% | 4.23% | 3.81% | 4.51% | 5.16% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 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.
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Volatility
OPSIX vs. SPLG - Volatility Comparison
The current volatility for Invesco Global Strategic Income Fund (OPSIX) is 1.34%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. 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.
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