OYAIX vs. OPPAX

Last updated Jun 6, 2026

OYAIX (Invesco Select Risk: High Growth Investor Fund) and OPPAX (Invesco Global Fund) are both mutual funds - OYAIX is a Diversified Portfolio fund managed by Invesco, while OPPAX is a Global Equities fund managed by Invesco. Over the past 10 years, OYAIX returned 9.53%/yr vs 12.27%/yr for OPPAX. Their correlation of 0.94 suggests significant overlap in exposure. OYAIX charges 0.14%/yr vs 1.04%/yr for OPPAX.

Performance

OYAIX vs. OPPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Select Risk: High Growth Investor Fund (OYAIX) and Invesco Global Fund (OPPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OYAIX achieves a 12.95% return, which is significantly higher than OPPAX's 9.90% return. Over the past 10 years, OYAIX has underperformed OPPAX with an annualized return of 9.53%, while OPPAX has yielded a comparatively higher 12.27% annualized return.

OYAIX

• 1D: 0.34%
• 1M: 2.76%
• YTD: 12.95%
• 6M: 12.83%
• 1Y: 25.93%
• 3Y*: 16.47%
• 5Y*: 7.30%
• 10Y*: 9.53%

OPPAX

• 1D: 0.37%
• 1M: 4.27%
• YTD: 9.90%
• 6M: 9.96%
• 1Y: 22.01%
• 3Y*: 18.04%
• 5Y*: 7.20%
• 10Y*: 12.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OYAIX vs. OPPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OYAIX Invesco Select Risk: High Growth Investor Fund	12.95%	16.71%	10.91%	14.87%	-19.35%	15.51%	13.65%	27.10%	-12.88%	25.21%
OPPAX Invesco Global Fund	9.90%	15.20%	16.16%	34.18%	-32.18%	15.23%	27.64%	31.58%	-13.65%	36.25%

Correlation

The correlation between OYAIX and OPPAX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 6, 2005	0.94

The correlation between OYAIX and OPPAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

OYAIX vs. OPPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OYAIX

OYAIX Risk / Return Rank: 71
OYAIX Sharpe Ratio Rank: 68
OYAIX Sortino Ratio Rank: 70
OYAIX Omega Ratio Rank: 63
OYAIX Calmar Ratio Rank: 77
OYAIX Martin Ratio Rank: 80

OPPAX

OPPAX Risk / Return Rank: 25
OPPAX Sharpe Ratio Rank: 28
OPPAX Sortino Ratio Rank: 29
OPPAX Omega Ratio Rank: 27
OPPAX Calmar Ratio Rank: 19
OPPAX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OYAIX vs. OPPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Select Risk: High Growth Investor Fund (OYAIX) and Invesco Global Fund (OPPAX). 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.

	OYAIX	OPPAX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.45	+0.88
Sortino ratio: Return per unit of downside risk	3.40	2.14	+1.26
Omega ratio: Gain probability vs. loss probability	1.42	1.26	+0.17
Calmar ratio: Return relative to maximum drawdown	3.36	1.50	+1.86
Martin ratio: Return relative to average drawdown	14.39	5.55	+8.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OYAIX vs. OPPAX - Sharpe Ratio Comparison

The current OYAIX Sharpe Ratio is 2.33, which is higher than the OPPAX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of OYAIX and OPPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OYAIX	OPPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	1.45	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.35	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.60	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.50	-0.09

Drawdowns

OYAIX vs. OPPAX - Drawdown Comparison

The maximum OYAIX drawdown since its inception was -57.72%, roughly equal to the maximum OPPAX drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for OYAIX and OPPAX.

Drawdown Indicators

	OYAIX	OPPAX	Difference
Max Drawdown Largest peak-to-trough decline	-57.72%	-60.39%	+2.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-16.26%	+7.70%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-21.69%	+5.76%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-41.90%	+14.14%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	-41.90%	+7.20%
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-9.25%	-15.45%	+6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	4.19%	-2.28%

Volatility

OYAIX vs. OPPAX - Volatility Comparison

The current volatility for Invesco Select Risk: High Growth Investor Fund (OYAIX) is 3.30%, while Invesco Global Fund (OPPAX) has a volatility of 4.56%. This indicates that OYAIX experiences smaller price fluctuations and is considered to be less risky than OPPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OYAIX	OPPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	4.56%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	13.87%	-3.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	16.85%	-4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	21.27%	-6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	20.68%	-5.31%

OYAIX vs. OPPAX - Expense Ratio Comparison

OYAIX has a 0.14% expense ratio, which is lower than OPPAX's 1.04% expense ratio.

Dividends

OYAIX vs. OPPAX - Dividend Comparison

OYAIX's dividend yield for the trailing twelve months is around 4.86%, less than OPPAX's 22.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OPPAX Invesco Global Fund	22.56%	24.79%	11.93%	10.72%	14.18%	7.18%	5.72%	1.35%	12.92%	5.92%	0.69%	5.17%
OYAIX Invesco Select Risk: High Growth Investor Fund	4.86%	5.49%	5.95%	2.76%	6.97%	7.25%	19.62%	19.14%	7.90%	2.62%	0.79%	1.51%

Frequently Asked Questions

Can I hold both OYAIX and OPPAX in my portfolio?

With a correlation of 0.93, OYAIX and OPPAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OYAIX or OPPAX?

OPPAX has higher volatility (4.56%) compared to OYAIX (3.30%). In terms of maximum drawdown, OYAIX dropped -57.72% vs OPPAX's -60.39%.

Which has better risk-adjusted returns?

OYAIX currently has the higher Sharpe Ratio (2.33 vs 1.45), 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.