- ISIN
- US00141G6668
- CUSIP
- 00141G666
- Issuer
- Invesco
- Inception Date
- Sep 11, 1986
- Category
- Small Cap Growth Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
OPOCX Performance Chart
Invesco Discovery Fund (OPOCX) is up 36.7% since the beginning of the year. OPOCX is currently trading at $135 per share. Investors who bought $1,000 worth of OPOCX shares 5 years ago would now be looking at an investment worth $1,727.
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Returns By Period
Invesco Discovery Fund (OPOCX) has returned 36.72% so far this year and 61.57% over the past 12 months. Looking at the last ten years, OPOCX has achieved an annualized return of 17.00%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Invesco Discovery Fund
- 1D
- 2.48%
- 1M
- 7.05%
- YTD
- 36.72%
- 6M
- 32.67%
- 1Y
- 61.57%
- 3Y*
- 27.66%
- 5Y*
- 11.55%
- 10Y*
- 17.00%
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%
OPOCX Monthly Returns History
Based on dividend-adjusted daily data since Sep 11, 1986, OPOCX's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Feb 2000 with a return of +35.3%, while the worst month was Oct 1987 at -22.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, OPOCX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.4%, while the worst single day was Oct 22, 1987 at -16.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.44% | 4.06% | -4.84% | 16.01% | 4.68% | 5.82% | 36.72% | ||||||
| 2025 | 4.00% | -8.45% | -7.74% | 1.77% | 7.62% | 7.01% | 0.75% | 3.25% | 3.68% | 4.13% | 1.41% | -0.41% | 16.77% |
| 2024 | -0.48% | 10.87% | 2.23% | -5.02% | 3.49% | 1.64% | 2.69% | 1.82% | 2.80% | -2.05% | 12.40% | -8.05% | 22.61% |
| 2023 | 7.53% | -0.49% | -0.82% | -0.61% | -1.83% | 9.50% | 1.60% | -2.16% | -6.36% | -6.98% | 9.55% | 8.79% | 17.02% |
| 2022 | -16.19% | -0.61% | 0.77% | -11.88% | -4.08% | -7.85% | 11.71% | -0.63% | -7.54% | 9.13% | 2.05% | -8.02% | -31.26% |
| 2021 | 1.31% | 5.77% | -3.52% | 5.74% | -3.09% | 3.30% | 0.35% | 3.42% | -1.93% | 8.72% | -5.23% | 0.00% | 14.78% |
Benchmark Metrics
Invesco Discovery Fund has an annualized alpha of 3.61%, beta of 0.97, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since September 11, 1986.
- This fund captured 119.70% of S&P 500 Index gains and 107.47% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 3.61% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.97 and R2 of 0.63, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.61%
- Beta
- 0.97
- R²
- 0.63
- Upside Capture
- 119.70%
- Downside Capture
- 107.47%
Expense Ratio
OPOCX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
OPOCX ranks 79 for risk / return — better than 79% 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 Discovery Fund (OPOCX) 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.
| OPOCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.42 | 2.78 | +2.63 |
| Martin ratioReturn relative to average drawdown | 21.21 | 12.44 | +8.77 |
Dividends
Dividend History
Invesco Discovery Fund provided a 9.81% dividend yield over the last twelve months, with an annual payout of $13.27 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $13.27 | $13.27 | $6.62 | $0.00 | $0.00 | $21.35 | $12.31 | $5.23 | $11.95 | $9.66 | $2.93 | $4.64 |
Dividend yield | 9.81% | 13.41% | 6.86% | 0.00% | 0.00% | 20.51% | 11.22% | 6.42% | 18.85% | 12.46% | 4.33% | 6.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Discovery 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 | $13.27 | $13.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.62 | $6.62 |
| 2023 | $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 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $21.35 | $21.35 |
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 Discovery 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 Discovery Fund was 64.17%, occurring on Oct 9, 2002. Recovery took 2601 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -64.17%Oct 2002 | 2y 7mo | 10y 4mo | 12y 11moMar 2000 - Feb 2013 |
Bear market2022 | -43.27%Jun 2022 | 7mo 9d | 3y 3mo | 3y 10moNov 2021 - Sep 2025 |
1998 bear market1998 | -39.87%Oct 1998 | 5mo 19d | 1y 1mo | 1y 7moApr 1998 - Nov 1999 |
COVID crash2020 | -36.18%Mar 2020 | 27d | 3mo 6d | 4mo 3dFeb 2020 - Jun 2020 |
Black Monday1987 | -34.59%Oct 1987 | 20d | 1y 5mo | 1y 6moOct 1987 - Apr 1989 |
Drawdown Indicators
| OPOCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.17% | -56.78% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -9.10% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -28.60% | -18.90% | -9.70% |
Max Drawdown (5Y)Largest decline over 5 years | -43.27% | -25.43% | -17.84% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | -33.92% | -9.35% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -18.85% | -10.71% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.03% | +0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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