SAXIX vs. OPSIX
Compare and contrast key facts about SA Global Fixed Income Fund (SAXIX) and Invesco Global Strategic Income Fund (OPSIX).
SAXIX is managed by SA Funds. It was launched on Jul 28, 1999. OPSIX is managed by Invesco. It was launched on Oct 15, 1989.
Performance
SAXIX vs. OPSIX - Performance Comparison
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SAXIX vs. OPSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAXIX SA Global Fixed Income Fund | 0.12% | 4.87% | 5.33% | 4.55% | -6.79% | -1.59% | 0.89% | 3.40% | 1.17% | 1.17% |
OPSIX Invesco Global Strategic Income Fund | -6.99% | 11.76% | 2.79% | 7.62% | -12.37% | -3.32% | 3.52% | 10.60% | -4.67% | 6.22% |
Returns By Period
In the year-to-date period, SAXIX achieves a 0.12% return, which is significantly higher than OPSIX's -6.99% return. Over the past 10 years, SAXIX has underperformed OPSIX with an annualized return of 1.19%, while OPSIX has yielded a comparatively higher 1.67% annualized return.
SAXIX
- 1D
- 0.23%
- 1M
- -1.36%
- YTD
- 0.12%
- 6M
- 0.60%
- 1Y
- 3.44%
- 3Y*
- 4.50%
- 5Y*
- 1.22%
- 10Y*
- 1.19%
OPSIX
- 1D
- 0.66%
- 1M
- -8.11%
- YTD
- -6.99%
- 6M
- -5.12%
- 1Y
- 0.60%
- 3Y*
- 3.84%
- 5Y*
- 0.11%
- 10Y*
- 1.67%
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SAXIX vs. OPSIX - Expense Ratio Comparison
SAXIX has a 0.71% expense ratio, which is lower than OPSIX's 1.00% expense ratio.
Return for Risk
SAXIX vs. OPSIX — Risk / Return Rank
SAXIX
OPSIX
SAXIX vs. OPSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Global Fixed Income Fund (SAXIX) and Invesco Global Strategic Income Fund (OPSIX). 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.
| SAXIX | OPSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 0.09 | +1.71 |
Sortino ratioReturn per unit of downside risk | 2.74 | 0.17 | +2.56 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.03 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.10 | +2.59 |
Martin ratioReturn relative to average drawdown | 9.77 | 0.47 | +9.30 |
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
| SAXIX | OPSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.09 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.02 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.24 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.00 | -0.36 |
Correlation
The correlation between SAXIX and OPSIX is 0.21, 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.
Dividends
SAXIX vs. OPSIX - Dividend Comparison
SAXIX's dividend yield for the trailing twelve months is around 4.84%, more than OPSIX's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAXIX SA Global Fixed Income Fund | 4.84% | 4.85% | 6.01% | 0.00% | 3.58% | 0.00% | 2.16% | 2.83% | 2.11% | 0.85% | 1.25% | 0.80% |
OPSIX Invesco Global Strategic Income Fund | 3.33% | 4.39% | 5.02% | 4.03% | 2.89% | 2.63% | 2.71% | 4.57% | 5.28% | 4.24% | 3.51% | 4.50% |
Drawdowns
SAXIX vs. OPSIX - Drawdown Comparison
The maximum SAXIX drawdown since its inception was -9.94%, smaller than the maximum OPSIX drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for SAXIX and OPSIX.
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Drawdown Indicators
| SAXIX | OPSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.94% | -25.45% | +15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -8.71% | +7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -9.94% | -21.80% | +11.86% |
Max Drawdown (10Y)Largest decline over 10 years | -9.94% | -25.13% | +15.19% |
Current DrawdownCurrent decline from peak | -1.36% | -8.11% | +6.75% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -2.91% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.83% | -1.39% |
Volatility
SAXIX vs. OPSIX - Volatility Comparison
The current volatility for SA Global Fixed Income Fund (SAXIX) is 0.84%, while Invesco Global Strategic Income Fund (OPSIX) has a volatility of 5.47%. This indicates that SAXIX experiences smaller price fluctuations and is considered to be less risky than OPSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAXIX | OPSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 5.47% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 6.55% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 8.74% | -6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.70% | 6.96% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.07% | 6.94% | -4.87% |