SPIAX vs. OPGSX
Compare and contrast key facts about Invesco S&P 500 Index A (SPIAX) and Invesco Gold & Special Minerals Fund (OPGSX).
SPIAX is a passively managed fund by Invesco that tracks the performance of the S&P 500. It was launched on Sep 26, 1997. OPGSX is managed by Invesco. It was launched on Jul 18, 1983.
Performance
SPIAX vs. OPGSX - Performance Comparison
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SPIAX vs. OPGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIAX Invesco S&P 500 Index A | -7.17% | 17.23% | 24.34% | 25.63% | -18.56% | 27.99% | 17.84% | 30.78% | -4.97% | 21.13% |
OPGSX Invesco Gold & Special Minerals Fund | 0.44% | 131.03% | 13.05% | 6.35% | -16.86% | -2.75% | 36.15% | 46.37% | -13.15% | 17.17% |
Returns By Period
In the year-to-date period, SPIAX achieves a -7.17% return, which is significantly lower than OPGSX's 0.44% return. Over the past 10 years, SPIAX has underperformed OPGSX with an annualized return of 13.13%, while OPGSX has yielded a comparatively higher 17.37% annualized return.
SPIAX
- 1D
- -0.39%
- 1M
- -7.71%
- YTD
- -7.17%
- 6M
- -4.82%
- 1Y
- 13.84%
- 3Y*
- 16.56%
- 5Y*
- 10.82%
- 10Y*
- 13.13%
OPGSX
- 1D
- -0.37%
- 1M
- -23.68%
- YTD
- 0.44%
- 6M
- 13.72%
- 1Y
- 82.38%
- 3Y*
- 36.20%
- 5Y*
- 20.12%
- 10Y*
- 17.37%
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SPIAX vs. OPGSX - Expense Ratio Comparison
SPIAX has a 0.54% expense ratio, which is lower than OPGSX's 1.05% expense ratio.
Return for Risk
SPIAX vs. OPGSX — Risk / Return Rank
SPIAX
OPGSX
SPIAX vs. OPGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index A (SPIAX) and Invesco Gold & Special Minerals Fund (OPGSX). 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.
| SPIAX | OPGSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 2.20 | -1.39 |
Sortino ratioReturn per unit of downside risk | 1.25 | 2.54 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 3.22 | -2.27 |
Martin ratioReturn relative to average drawdown | 4.59 | 12.84 | -8.25 |
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
| SPIAX | OPGSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 2.20 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.63 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.53 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.25 | +0.17 |
Correlation
The correlation between SPIAX and OPGSX is 0.26, 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
SPIAX vs. OPGSX - Dividend Comparison
SPIAX's dividend yield for the trailing twelve months is around 1.09%, more than OPGSX's 0.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIAX Invesco S&P 500 Index A | 1.09% | 1.01% | 1.08% | 1.04% | 1.07% | 1.90% | 1.26% | 1.93% | 2.59% | 1.28% | 1.28% | 1.53% |
OPGSX Invesco Gold & Special Minerals Fund | 0.43% | 0.43% | 0.86% | 0.81% | 0.45% | 3.56% | 1.55% | 0.29% | 0.00% | 2.78% | 7.21% | 0.00% |
Drawdowns
SPIAX vs. OPGSX - Drawdown Comparison
The maximum SPIAX drawdown since its inception was -55.47%, smaller than the maximum OPGSX drawdown of -80.04%. Use the drawdown chart below to compare losses from any high point for SPIAX and OPGSX.
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Drawdown Indicators
| SPIAX | OPGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.47% | -80.04% | +24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -29.01% | +16.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.81% | -47.09% | +22.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -47.09% | +13.25% |
Current DrawdownCurrent decline from peak | -8.97% | -24.65% | +15.68% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -29.33% | +18.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 7.27% | -4.69% |
Volatility
SPIAX vs. OPGSX - Volatility Comparison
The current volatility for Invesco S&P 500 Index A (SPIAX) is 4.25%, while Invesco Gold & Special Minerals Fund (OPGSX) has a volatility of 15.32%. This indicates that SPIAX experiences smaller price fluctuations and is considered to be less risky than OPGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPIAX | OPGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 15.32% | -11.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 35.01% | -25.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 43.01% | -24.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 32.97% | -16.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 32.93% | -14.88% |