SPIDX vs. OPPAX
Compare and contrast key facts about Invesco S&P 500 Index Fund (SPIDX) and Invesco Global Fund (OPPAX).
SPIDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Index. It was launched on Sep 26, 1997. OPPAX is managed by Invesco. It was launched on Dec 21, 1969.
Performance
SPIDX vs. OPPAX - Performance Comparison
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SPIDX vs. OPPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | -7.13% | 17.54% | 24.65% | 25.95% | -18.36% | 28.30% | 18.13% | 31.11% | -4.75% | 21.45% |
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, SPIDX achieves a -7.13% return, which is significantly higher than OPPAX's -13.35% return. Over the past 10 years, SPIDX has outperformed OPPAX with an annualized return of 13.42%, while OPPAX has yielded a comparatively lower 9.94% annualized return.
SPIDX
- 1D
- -0.40%
- 1M
- -7.71%
- YTD
- -7.13%
- 6M
- -4.70%
- 1Y
- 14.14%
- 3Y*
- 16.85%
- 5Y*
- 11.09%
- 10Y*
- 13.42%
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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SPIDX vs. OPPAX - Expense Ratio Comparison
SPIDX has a 0.29% expense ratio, which is lower than OPPAX's 1.04% expense ratio.
Return for Risk
SPIDX vs. OPPAX — Risk / Return Rank
SPIDX
OPPAX
SPIDX vs. OPPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index Fund (SPIDX) 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.
| SPIDX | OPPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.29 | +0.53 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.60 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | -0.27 | +1.24 |
Martin ratioReturn relative to average drawdown | 4.71 | -0.92 | +5.63 |
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
| SPIDX | OPPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.29 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.18 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.49 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.47 | -0.04 |
Correlation
The correlation between SPIDX and OPPAX is 0.86, 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
SPIDX vs. OPPAX - Dividend Comparison
SPIDX's dividend yield for the trailing twelve months is around 1.16%, less than OPPAX's 28.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | 1.16% | 1.07% | 1.28% | 1.23% | 1.14% | 2.09% | 1.45% | 2.11% | 2.82% | 1.49% | 1.49% | 1.74% |
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
SPIDX vs. OPPAX - Drawdown Comparison
The maximum SPIDX drawdown since its inception was -55.30%, smaller than the maximum OPPAX drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for SPIDX and OPPAX.
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Drawdown Indicators
| SPIDX | OPPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.30% | -60.39% | +5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -16.26% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | -41.90% | +17.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -41.90% | +8.06% |
Current DrawdownCurrent decline from peak | -8.93% | -16.26% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -15.49% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 5.48% | -2.91% |
Volatility
SPIDX vs. OPPAX - Volatility Comparison
The current volatility for Invesco S&P 500 Index Fund (SPIDX) is 4.24%, while Invesco Global Fund (OPPAX) has a volatility of 5.94%. This indicates that SPIDX 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.
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Volatility by Period
| SPIDX | OPPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.94% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 12.07% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 21.07% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 21.11% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 20.58% | -2.53% |