Invesco Developing Markets Fund (ODMAX) belongs to the Emerging Markets Diversified 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 120 mutual funds in the Emerging Markets Diversified category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | ODMAX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | ODMAX vs FERGX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | ODMAX vs SSKEX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | ODMAX vs FCEEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | ODMAX vs EMPTX |
Best Risk-Adjusted Alternatives to ODMAX
ODMAX has a PortfoliosLab risk / return rank of 67. There are 95 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 94 | — | Jun 1996 | ODMAX vs DEMIX | |
| Lazard Emerging Markets Equity Portfolio | 93 | — | Jul 1994 | ODMAX vs LZEMX | |
| Franklin Templeton SMACS: Series EM | 93 | — | Nov 2021 | ODMAX vs FQEMX | |
| GMO Emerging Markets ex-China Fund | 91 | — | Oct 2021 | ODMAX vs GMAQX | |
| Dodge & Cox Emerging Markets Stock Fund | 91 | — | May 2021 | ODMAX vs DODEX |
Top Performing ODMAX Alternatives (YTD)
ODMAX is at 15.36% YTD. There are 125 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 88.77%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 88.77% | — | Jun 1996 | ODMAX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 63.44% | — | Nov 2021 | ODMAX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 46.75% | — | Jan 2018 | ODMAX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 43.19% | — | Oct 2021 | ODMAX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 37.03% | — | Jan 1994 | ODMAX vs GTDDX |
Lowest Volatility Alternatives to ODMAX
ODMAX has 19.00% 1-year volatility. There are 53 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 10.56% | — | Oct 2011 | ODMAX vs ESCIX | |
| GQG Partners Emerging Markets Equity Fund | 11.42% | — | Dec 2016 | ODMAX vs GQGPX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.71% | — | Dec 2013 | ODMAX vs VIESX | |
| The Cook & Bynum Fund | 11.77% | — | Jun 2009 | ODMAX vs COBYX | |
| Harding Loevner Frontier Emerging Markets Fund | 12.18% | — | May 2008 | ODMAX vs HLFMX |
Lowest Drawdown Alternatives to ODMAX
ODMAX has a 1-year max drawdown of -12.08%. There are 37 mutual funds in the Emerging Markets Diversified category with shallower 1-year drawdowns, going as shallow as -5.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -5.70% | — | Oct 2011 | ODMAX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -8.76% | — | Sep 2007 | ODMAX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | ODMAX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | ODMAX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | ODMAX vs GQGPX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 56 | 17.38% | — | Oct 2020 | ODMAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 47 | 12.10% | — | — | ODMAX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 12 | 8.10% | — | Jun 2005 | ODMAX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 23 | -11.19% | — | Jul 1983 | ODMAX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 81 | 19.18% | — | Jun 2001 | ODMAX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 71 | 11.85% | — | Oct 1968 | ODMAX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 34 | 7.34% | — | Feb 1988 | ODMAX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 82 | 27.26% | — | Jun 1999 | ODMAX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 68 | 7.11% | — | Aug 1960 | ODMAX vs ACEIX | |
| Invesco Global Fund | Global Equities | 18 | 6.71% | — | Dec 1969 | ODMAX vs OPPAX |
Often Compared With ODMAX
Investors most often compare ODMAX with VOO, VTI, CAIBX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare ODMAX with Any Fund or Stock
Compare ODMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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