VVOAX vs. OPPAX
VVOAX (Invesco Value Opportunities Fund) and OPPAX (Invesco Global Fund) are both mutual funds - VVOAX is a Mid Cap Value Equities fund managed by Invesco, while OPPAX is a Global Equities fund managed by Invesco. Over the past 10 years, VVOAX returned 15.48%/yr vs 11.25%/yr for OPPAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VVOAX charges 1.22%/yr vs 1.04%/yr for OPPAX.
Performance
VVOAX vs. OPPAX - Performance Comparison
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Returns By Period
In the year-to-date period, VVOAX achieves a 14.48% return, which is significantly higher than OPPAX's 1.82% return. Over the past 10 years, VVOAX has outperformed OPPAX with an annualized return of 15.48%, while OPPAX has yielded a comparatively lower 11.25% annualized return.
VVOAX
- 1D
- 2.06%
- 1M
- -4.29%
- 6M
- 7.37%
- YTD
- 14.48%
- 1Y
- 35.01%
- 3Y*
- 23.74%
- 5Y*
- 17.90%
- 10Y*
- 15.48%
- ALL TIME*
- 8.61%
OPPAX
- 1D
- 2.24%
- 1M
- -4.50%
- 6M
- -0.05%
- YTD
- 1.82%
- 1Y
- 11.05%
- 3Y*
- 12.68%
- 5Y*
- 4.44%
- 10Y*
- 11.25%
- ALL TIME*
- 9.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
OPPAX Invesco Global Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
VVOAX vs. OPPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VVOAX Invesco Value Opportunities Fund | 14.48% | 20.24% | 30.01% | 15.20% | 1.33% | 35.60% | 5.49% | 29.84% | -19.92% | 17.07% |
OPPAX Invesco Global Fund | 1.82% | 15.20% | 16.16% | 34.18% | -32.18% | 15.23% | 27.64% | 31.58% | -13.65% | 36.25% |
Correlation
The correlation between VVOAX and OPPAX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2001 | 0.78 |
The correlation between VVOAX and OPPAX shifts across timeframes, from 0.66 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VVOAX vs. OPPAX — Risk / Return Rank
VVOAX
OPPAX
VVOAX vs. OPPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund (VVOAX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VVOAX | OPPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.10 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 0.62 | +2.53 |
| Martin ratioReturn relative to average drawdown | 10.09 | 2.09 | +8.00 |
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Drawdowns
VVOAX vs. OPPAX - Drawdown Comparison
The maximum VVOAX drawdown since its inception was -62.08%, roughly equal to the maximum OPPAX drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for VVOAX and OPPAX.
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Drawdown Indicators
| VVOAX | OPPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.08% | -60.39% | -1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -16.26% | +6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.05% | -21.69% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -41.90% | +17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -51.80% | -41.90% | -9.90% |
Current DrawdownCurrent decline from peak | -8.38% | -8.04% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -11.68% | -15.42% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 4.56% | -1.37% |
Volatility
VVOAX vs. OPPAX - Volatility Comparison
Invesco Value Opportunities Fund (VVOAX) and Invesco Global Fund (OPPAX) have volatilities of 5.79% and 5.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVOAX | OPPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 5.87% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 16.35% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 19.66% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.34% | 21.71% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.12% | 20.73% | +3.39% |
VVOAX vs. OPPAX - Expense Ratio Comparison
VVOAX has a 1.22% expense ratio, which is higher than OPPAX's 1.04% expense ratio.
Dividends
VVOAX vs. OPPAX - Dividend Comparison
VVOAX's dividend yield for the trailing twelve months is around 9.11%, less than OPPAX's 24.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPAX Invesco Global Fund | 24.35% | 24.79% | 11.93% | 10.72% | 14.18% | 7.18% | 5.72% | 1.35% | 12.92% | 5.92% | 0.69% | 5.17% |
VVOAX Invesco Value Opportunities Fund | 9.11% | 10.43% | 7.79% | 2.27% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.10% | 15.87% |
Frequently Asked Questions
VVOAX and OPPAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPAX has higher volatility (5.87%) compared to VVOAX (5.79%). In terms of maximum drawdown, VVOAX dropped -62.08% vs OPPAX's -60.39%.
VVOAX currently has the higher Sharpe Ratio (1.61 vs 0.51), 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.
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