- ISIN
- US00143W7011
- CUSIP
- 00143W701
- Issuer
- Invesco
- Inception Date
- Nov 17, 1996
- Category
- Emerging Markets Diversified
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ODMAX Performance Chart
Invesco Developing Markets Fund (ODMAX) is up 20.1% since the beginning of the year. ODMAX is currently trading at $42 per share. Investors who bought $1,000 worth of ODMAX shares 5 years ago would now be looking at an investment worth $1,113.
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Returns By Period
Invesco Developing Markets Fund (ODMAX) has returned 20.10% so far this year and 42.86% over the past 12 months. Over the last ten years, ODMAX has returned 7.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Developing Markets Fund
- 1D
- 1.59%
- 1M
- 4.42%
- YTD
- 20.10%
- 6M
- 21.73%
- 1Y
- 42.86%
- 3Y*
- 13.85%
- 5Y*
- 2.17%
- 10Y*
- 7.76%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ODMAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 18, 1996, ODMAX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +18.2%, while the worst month was Aug 1998 at -25.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ODMAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +13.5%, while the worst single day was Sep 17, 2001 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.71% | 5.06% | -9.01% | 7.26% | 6.59% | 2.01% | 20.10% | ||||||
| 2025 | 1.49% | 0.23% | 0.63% | 0.10% | 3.45% | 4.64% | -0.09% | 2.65% | 7.57% | 2.21% | -0.35% | 2.97% | 28.34% |
| 2024 | -5.11% | 3.40% | 3.99% | -1.67% | 1.77% | 0.45% | 0.55% | 0.37% | 3.34% | -3.30% | -3.81% | -0.89% | -1.39% |
| 2023 | 10.17% | -3.26% | 4.40% | 0.58% | -3.84% | 3.11% | 4.94% | -7.31% | -3.70% | -2.00% | 5.13% | 3.82% | 11.17% |
| 2022 | -3.55% | -5.46% | -7.61% | -7.97% | 2.43% | -6.03% | 2.21% | -1.84% | -10.17% | -2.21% | 18.16% | -3.69% | -25.16% |
| 2021 | 0.33% | 1.78% | -1.33% | 3.31% | 2.39% | -0.21% | -8.15% | 1.70% | -2.84% | 2.06% | -4.30% | -1.92% | -7.54% |
Benchmark Metrics
Invesco Developing Markets Fund has an annualized alpha of 4.80%, beta of 0.72, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since November 18, 1996.
- This fund captured 102.60% of S&P 500 Index gains but only 93.46% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.80% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.80%
- Beta
- 0.72
- R²
- 0.51
- Upside Capture
- 102.60%
- Downside Capture
- 93.46%
Expense Ratio
ODMAX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ODMAX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Developing Markets Fund (ODMAX) and compare them to S&P 500 Index.
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.
| ODMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.78 | +0.74 |
| Martin ratioReturn relative to average drawdown | 13.08 | 12.44 | +0.64 |
Dividends
Dividend History
Invesco Developing Markets Fund provided a 34.60% dividend yield over the last twelve months, with an annual payout of $14.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $14.56 | $14.56 | $0.00 | $0.21 | $0.20 | $2.39 | $0.00 | $0.98 | $0.11 | $0.13 | $0.07 | $0.13 |
Dividend yield | 34.60% | 41.55% | 0.01% | 0.53% | 0.57% | 5.01% | 0.00% | 2.12% | 0.28% | 0.30% | 0.23% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Developing Markets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $14.56 | $14.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.39 | $2.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Developing Markets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Developing Markets Fund was 61.63%, occurring on Nov 20, 2008. Recovery took 454 trading sessions.
The current Invesco Developing Markets Fund drawdown is 2.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.63%Nov 2008 | 1y 20d | 1y 9mo | 2y 10moNov 2007 - Sep 2010 |
Bear market2022 | -46.23%Oct 2022 | 1y 8mo | 3y 4mo | 5y 9dFeb 2021 - Feb 2026 |
1998 bear market1998 | -44.50%Oct 1998 | 1y 2mo | 1y 1mo | 2y 3moAug 1997 - Nov 1999 |
Dot-com crash2000–2002 | -41.37%Sep 2001 | 1y 6mo | 2y 11d | 3y 7moMar 2000 - Oct 2003 |
2016 bear market2016 | -34.88%Feb 2016 | 1y 5mo | 1y 6mo | 2y 11moSep 2014 - Aug 2017 |
Drawdown Indicators
| ODMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.63% | -56.78% | -4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -9.10% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -18.90% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -44.52% | -25.43% | -19.09% |
Max Drawdown (10Y)Largest decline over 10 years | -46.23% | -33.92% | -12.31% |
Current DrawdownCurrent decline from peak | -2.98% | -1.80% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -14.57% | -10.71% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.03% | +1.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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