OSMAX vs. SPY
Compare and contrast key facts about Invesco International Small-Mid Company Fund (OSMAX) and SPDR S&P 500 ETF (SPY).
OSMAX is managed by Invesco. It was launched on Nov 16, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OSMAX or SPY.
Key characteristics
| OSMAX | SPY | |
|---|---|---|
| YTD Return | 4.42% | 18.86% |
| 1Y Return | 16.97% | 28.13% |
| 3Y Return (Ann) | -7.79% | 9.87% |
| 5Y Return (Ann) | 3.90% | 15.23% |
| 10Y Return (Ann) | 7.18% | 12.80% |
| Sharpe Ratio | 1.12 | 2.21 |
| Daily Std Dev | 14.58% | 12.60% |
| Max Drawdown | -77.87% | -55.19% |
| Current Drawdown | -22.53% | -0.61% |
Correlation
The correlation between OSMAX and SPY is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OSMAX vs. SPY - Performance Comparison
In the year-to-date period, OSMAX achieves a 4.42% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, OSMAX has underperformed SPY with an annualized return of 7.18%, while SPY has yielded a comparatively higher 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OSMAX vs. SPY - Expense Ratio Comparison
OSMAX has a 1.33% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OSMAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Small-Mid Company Fund (OSMAX) and SPDR S&P 500 ETF (SPY). 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
OSMAX vs. SPY - Dividend Comparison
OSMAX's dividend yield for the trailing twelve months is around 2.26%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSMAX Invesco International Small-Mid Company Fund | 2.26% | 2.36% | 0.28% | 10.00% | 8.13% | 4.89% | 10.95% | 2.95% | 0.15% | 0.07% | 0.48% | 0.70% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OSMAX vs. SPY - Drawdown Comparison
The maximum OSMAX drawdown since its inception was -77.87%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OSMAX and SPY. For additional features, visit the drawdowns tool.
Volatility
OSMAX vs. SPY - Volatility Comparison
The current volatility for Invesco International Small-Mid Company Fund (OSMAX) is 3.51%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that OSMAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.