OPTFX vs. VOO
Compare and contrast key facts about Invesco Capital Appreciation Fund (OPTFX) and Vanguard S&P 500 ETF (VOO).
OPTFX is managed by Invesco. It was launched on Jan 22, 1981. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
OPTFX vs. VOO - Performance Comparison
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OPTFX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPTFX Invesco Capital Appreciation Fund | -6.40% | 12.84% | 34.05% | 35.51% | -31.10% | 21.42% | 36.33% | 36.22% | -5.96% | 26.50% |
VOO Vanguard S&P 500 ETF | -3.55% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, OPTFX achieves a -6.40% return, which is significantly lower than VOO's -3.55% return. Both investments have delivered pretty close results over the past 10 years, with OPTFX having a 13.95% annualized return and VOO not far ahead at 14.19%.
OPTFX
- 1D
- 1.44%
- 1M
- -3.34%
- YTD
- -6.40%
- 6M
- -8.14%
- 1Y
- 17.79%
- 3Y*
- 20.35%
- 5Y*
- 9.15%
- 10Y*
- 13.95%
VOO
- 1D
- 0.11%
- 1M
- -3.33%
- YTD
- -3.55%
- 6M
- -1.41%
- 1Y
- 17.60%
- 3Y*
- 18.47%
- 5Y*
- 11.96%
- 10Y*
- 14.19%
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OPTFX vs. VOO - Expense Ratio Comparison
OPTFX has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
OPTFX vs. VOO — Risk / Return Rank
OPTFX
VOO
OPTFX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Capital Appreciation Fund (OPTFX) and Vanguard S&P 500 ETF (VOO). 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.
| OPTFX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.98 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.49 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.53 | -1.14 |
Martin ratioReturn relative to average drawdown | 1.18 | 7.13 | -5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPTFX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.98 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.71 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.79 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.83 | -0.34 |
Correlation
The correlation between OPTFX and VOO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OPTFX vs. VOO - Dividend Comparison
OPTFX's dividend yield for the trailing twelve months is around 11.67%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPTFX Invesco Capital Appreciation Fund | 11.67% | 10.93% | 2.92% | 0.00% | 0.88% | 28.43% | 3.20% | 23.53% | 9.18% | 9.34% | 4.29% | 13.78% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
OPTFX vs. VOO - Drawdown Comparison
The maximum OPTFX drawdown since its inception was -57.95%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OPTFX and VOO.
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Drawdown Indicators
| OPTFX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.95% | -33.99% | -23.96% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -8.90% | -7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -35.89% | -24.52% | -11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -35.89% | -33.99% | -1.90% |
Current DrawdownCurrent decline from peak | -12.05% | -5.44% | -6.61% |
Average DrawdownAverage peak-to-trough decline | -14.03% | -3.72% | -10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 2.57% | +4.25% |
Volatility
OPTFX vs. VOO - Volatility Comparison
Invesco Capital Appreciation Fund (OPTFX) has a higher volatility of 7.65% compared to Vanguard S&P 500 ETF (VOO) at 5.27%. This indicates that OPTFX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPTFX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 5.27% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.04% | 9.46% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 18.11% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 16.81% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 17.98% | +3.40% |