SMEAX vs. OPPAX
Compare and contrast key facts about Invesco Small Cap Equity Fund Class A (SMEAX) and Invesco Global Fund (OPPAX).
SMEAX is managed by Invesco. It was launched on Aug 31, 2000. OPPAX is managed by Invesco. It was launched on Dec 21, 1969.
Performance
SMEAX vs. OPPAX - Performance Comparison
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SMEAX vs. OPPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMEAX Invesco Small Cap Equity Fund Class A | -5.14% | 7.84% | 17.80% | 15.95% | -20.62% | 19.62% | 27.25% | 26.05% | -15.42% | 13.59% |
OPPAX Invesco Global Fund | -13.35% | 15.20% | 16.16% | 34.18% | -32.18% | 15.23% | 27.64% | 31.58% | -13.65% | 36.25% |
Returns By Period
In the year-to-date period, SMEAX achieves a -5.14% return, which is significantly higher than OPPAX's -13.35% return. Over the past 10 years, SMEAX has underperformed OPPAX with an annualized return of 8.47%, while OPPAX has yielded a comparatively higher 9.94% annualized return.
SMEAX
- 1D
- -2.22%
- 1M
- -10.78%
- YTD
- -5.14%
- 6M
- -5.53%
- 1Y
- 9.81%
- 3Y*
- 9.72%
- 5Y*
- 3.23%
- 10Y*
- 8.47%
OPPAX
- 1D
- -0.49%
- 1M
- -10.82%
- YTD
- -13.35%
- 6M
- -9.87%
- 1Y
- 5.77%
- 3Y*
- 10.98%
- 5Y*
- 3.80%
- 10Y*
- 9.94%
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SMEAX vs. OPPAX - Expense Ratio Comparison
SMEAX has a 1.22% expense ratio, which is higher than OPPAX's 1.04% expense ratio.
Return for Risk
SMEAX vs. OPPAX — Risk / Return Rank
SMEAX
OPPAX
SMEAX vs. OPPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Equity Fund Class A (SMEAX) 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.
| SMEAX | OPPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.29 | +0.14 |
Sortino ratioReturn per unit of downside risk | 0.76 | 0.60 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.27 | +0.80 |
Martin ratioReturn relative to average drawdown | 1.83 | -0.92 | +2.76 |
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
| SMEAX | OPPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.29 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.18 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.49 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.47 | -0.15 |
Correlation
The correlation between SMEAX and OPPAX is 0.81, 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
SMEAX vs. OPPAX - Dividend Comparison
SMEAX's dividend yield for the trailing twelve months is around 9.85%, less than OPPAX's 28.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMEAX Invesco Small Cap Equity Fund Class A | 9.85% | 9.34% | 8.09% | 0.40% | 2.95% | 19.02% | 6.03% | 11.18% | 18.53% | 5.38% | 5.38% | 6.51% |
OPPAX Invesco Global Fund | 28.62% | 24.79% | 11.93% | 10.72% | 14.18% | 7.18% | 5.72% | 1.35% | 12.92% | 5.92% | 0.69% | 5.17% |
Drawdowns
SMEAX vs. OPPAX - Drawdown Comparison
The maximum SMEAX drawdown since its inception was -56.69%, smaller than the maximum OPPAX drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for SMEAX and OPPAX.
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Drawdown Indicators
| SMEAX | OPPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -60.39% | +3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -16.26% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.42% | -41.90% | +10.48% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -41.90% | -3.11% |
Current DrawdownCurrent decline from peak | -13.43% | -16.26% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -10.47% | -15.49% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 5.48% | -1.46% |
Volatility
SMEAX vs. OPPAX - Volatility Comparison
Invesco Small Cap Equity Fund Class A (SMEAX) has a higher volatility of 8.73% compared to Invesco Global Fund (OPPAX) at 5.94%. This indicates that SMEAX's price experiences larger fluctuations and is considered to be riskier than OPPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMEAX | OPPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 5.94% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 12.07% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 21.07% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 21.11% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 20.58% | +2.43% |