ODMAX Alternatives & Similar Mutual Funds

Invesco Developing Markets Fund (ODMAX) belongs to the Emerging Markets Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ODMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ODMAX

ODMAX charges 1.24% annually. There are 150 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	ODMAX vs FEMSX
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	ODMAX vs FHKFX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.06%	—	Jun 2000	ODMAX vs VEMIX
FPADX	Fidelity Emerging Markets Index Fund	0.08%	—	Sep 2011	ODMAX vs FPADX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	ODMAX vs FERGX

Best Risk-Adjusted Alternatives to ODMAX

ODMAX has a PortfoliosLab risk / return rank of 77. There are 52 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
LZEMX	Lazard Emerging Markets Equity Portfolio	96	—	Jul 1994	ODMAX vs LZEMX
RLEMX	Lazard Emerging Markets Equity Portfolio Class R6	96	—	—	ODMAX vs RLEMX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	96	—	Oct 2011	ODMAX vs ESCIX
DEMIX	Delaware Emerging Markets Fund	94	—	Jun 1996	ODMAX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	94	—	Jun 1996	ODMAX vs DEMAX

Top Performing ODMAX Alternatives (YTD)

ODMAX is at 17.53% YTD. There are 134 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 79.82%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	79.82%	—	Jun 1996	ODMAX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	79.56%	—	Jun 1996	ODMAX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	78.77%	—	Jun 1996	ODMAX vs DEMCX
FQEMX	Franklin Templeton SMACS: Series EM	57.68%	—	Nov 2021	ODMAX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	41.38%	—	Oct 2021	ODMAX vs GMAQX

Lowest Volatility Alternatives to ODMAX

ODMAX has 19.47% 1-year volatility. There are 68 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.90%.

Symbol	Name	Volatility 1Y	AUM	Inception
GSIYX	Goldman Sachs GQG Partners International Opportuni...	9.90%	—	Dec 2016	ODMAX vs GSIYX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	10.04%	—	Oct 2011	ODMAX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.51%	—	Dec 2016	ODMAX vs GQGPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.53%	—	—	ODMAX vs GQGIX
COBYX	The Cook & Bynum Fund	11.73%	—	Jun 2009	ODMAX vs COBYX

Lowest Drawdown Alternatives to ODMAX

ODMAX has a 1-year max drawdown of -12.08%. There are 49 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -5.70%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	-5.70%	—	Oct 2011	ODMAX vs ESCIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	ODMAX vs FGKPX
GSIYX	Goldman Sachs GQG Partners International Opportuni...	-7.81%	—	Dec 2016	ODMAX vs GSIYX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	—	Dec 2020	ODMAX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	—	Jun 2009	ODMAX vs COBYX

Other Mutual Funds from Invesco

The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IVNQX	Invesco Nasdaq 100 Index Fund	Large Cap Growth Equities	46	14.15%	—	Oct 2020	ODMAX vs IVNQX
VADAX	Invesco Equally-Weighted S&P 500 Fund Class A	Large Cap Blend Equities	75	14.06%	—	Jul 1997	ODMAX vs VADAX
OPGSX	Invesco Gold & Special Minerals Fund	Gold, Precious Metals	27	-10.14%	—	Jul 1983	ODMAX vs OPGSX
VAFAX	Invesco American Franchise Fund Class A	Large Cap Growth Equities	11	5.69%	—	Jun 2005	ODMAX vs VAFAX
VVOAX	Invesco Value Opportunities Fund	Mid Cap Value Equities	80	17.47%	—	Jun 2001	ODMAX vs VVOAX
ACSTX	Invesco Comstock Fund	Large Cap Value Equities	88	13.68%	—	Oct 1968	ODMAX vs ACSTX
VSCAX	Invesco Small Cap Value Fund	Small Cap Value Equities	83	25.52%	—	Jun 1999	ODMAX vs VSCAX
MSIGX	Invesco Main Street Fund	Large Cap Blend Equities	45	8.47%	—	Feb 1988	ODMAX vs MSIGX
ACEIX	Invesco Equity and Income Fund	Diversified Portfolio	84	8.86%	—	Aug 1960	ODMAX vs ACEIX
VADDX	Invesco Equally-Weighted S&P 500 Fund	S&P 500	75	14.22%	—	Jul 1997	ODMAX vs VADDX

Often Compared With ODMAX

Investors most often compare ODMAX with VOO, VTI, CAIBX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VOO	Vanguard S&P 500 ETF	S&P 500	72	13.74%	1.70T	Sep 2010	ODMAX vs VOO
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	72	14.27%	2.30T	May 2001	ODMAX vs VTI
CAIBX	American Funds Capital Income Builder Class A	Diversified Portfolio	87	10.35%	—	Jul 1987	ODMAX vs CAIBX
EISMX	Eaton Vance Atlanta Capital SMID-Cap Fund	Mid Cap Growth Equities	6	6.27%	—	Apr 2002	ODMAX vs EISMX
ICOW	Pacer Developed Markets International Cash Cows 10...	Foreign Large Cap Equities	81	14.59%	1.75B	Jun 2017	ODMAX vs ICOW
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	Emerging Markets Equities, Low Volatility	48	16.01%	3.45B	Oct 2011	ODMAX vs EEMV
IEFA	iShares Core MSCI EAFE ETF	Foreign Large Cap Equities	59	13.48%	190.11B	Oct 2012	ODMAX vs IEFA
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	64	12.40%	—	Nov 1997	ODMAX vs FSPSX
VWO	Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	49	11.83%	163.30B	Mar 2005	ODMAX vs VWO
SPHY	SPDR Portfolio High Yield Bond ETF	High Yield Bonds	65	2.44%	11.60B	Jun 2012	ODMAX vs SPHY
AFMFX	American Funds American Mutual Fund Class F-3	Large Cap Value Equities	71	10.71%	—	Feb 1950	ODMAX vs AFMFX
OSMAX	Invesco International Small-Mid Company Fund	Foreign Small & Mid Cap Equities	16	7.18%	—	Nov 1997	ODMAX vs OSMAX
DRESX	Driehaus Emerging Markets Small Cap Growth Fund	Emerging Markets Equities	26	6.65%	—	Aug 2011	ODMAX vs DRESX
GLLSX	abrdn Emerging Markets ex-China Fund	Emerging Markets Equities	83	32.84%	—	Aug 2000	ODMAX vs GLLSX
DVYE	iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	64	12.05%	1.22B	Feb 2012	ODMAX vs DVYE
BALFX	American Funds American Balanced Fund Class F-1	Diversified Portfolio	82	9.02%	—	Mar 2001	ODMAX vs BALFX
MCSFX	MFS Commodity Strategy Fund	Commodities	65	17.78%	—	Aug 2018	ODMAX vs MCSFX
OPPAX	Invesco Global Fund	Global Equities	21	4.90%	—	Dec 1969	ODMAX vs OPPAX
SMVTX	Virtus Ceredex Mid-Cap Value Equity Fund	Mid Cap Value Equities	80	18.32%	—	Nov 2001	ODMAX vs SMVTX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	Emerging Markets Equities	68	20.69%	—	Jul 2019	ODMAX vs FCEEX

Compare ODMAX with Any Fund or Stock

Compare ODMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ODMAX with funds that move differently

Invesco Developing Markets Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ODMAX.

Explore ODMAX Diversifiers

Invesco Developing Markets Fund (ODMAX) Alternatives