FIQGX vs. ODVYX
FIQGX (Fidelity Advisor Emerging Markets Discovery Fund Class Z) and ODVYX (Invesco Developing Markets Fund Class Y) are both Emerging Markets Equities funds. Over the past 5 years, FIQGX returned 8.81%/yr vs 3.45%/yr for ODVYX. Their correlation of 0.85 means they have usually moved in the same direction. Both charge a 1.05% expense ratio.
Performance
FIQGX vs. ODVYX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FIQGX having a 17.73% return and ODVYX slightly lower at 17.57%.
FIQGX
- 1D
- -0.44%
- 1M
- -1.35%
- 6M
- 8.82%
- YTD
- 17.73%
- 1Y
- 33.54%
- 3Y*
- 15.76%
- 5Y*
- 8.81%
- 10Y*
- —
- ALL TIME*
- 11.72%
ODVYX
- 1D
- 1.78%
- 1M
- 3.30%
- 6M
- 8.88%
- YTD
- 17.57%
- 1Y
- 38.08%
- 3Y*
- 13.02%
- 5Y*
- 3.45%
- 10Y*
- 7.29%
- ALL TIME*
- 7.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIQGX vs. ODVYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 17.73% | 31.96% | -3.54% | 20.94% | -11.74% | 6.86% | 17.11% | 19.81% | -1.18% |
ODVYX Invesco Developing Markets Fund Class Y | 17.57% | 28.63% | -1.12% | 11.40% | -24.97% | -7.29% | 17.50% | 24.35% | -2.19% |
Correlation
The correlation between FIQGX and ODVYX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.85 |
The correlation between FIQGX and ODVYX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
FIQGX vs. ODVYX — Risk / Return Rank
FIQGX
ODVYX
FIQGX vs. ODVYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) and Invesco Developing Markets Fund Class Y (ODVYX). 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.
| FIQGX | ODVYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.35 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.03 | +0.42 |
| Martin ratioReturn relative to average drawdown | 11.71 | 9.12 | +2.59 |
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Drawdowns
FIQGX vs. ODVYX - Drawdown Comparison
The maximum FIQGX drawdown since its inception was -38.41%, smaller than the maximum ODVYX drawdown of -61.49%. Use the drawdown chart below to compare losses from any high point for FIQGX and ODVYX.
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Drawdown Indicators
| FIQGX | ODVYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.41% | -61.49% | +23.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -12.07% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -18.17% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -27.36% | -41.51% | +14.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.02% | — |
Current DrawdownCurrent decline from peak | -3.83% | -5.11% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -14.47% | +7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 4.00% | -1.19% |
Volatility
FIQGX vs. ODVYX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) is 5.54%, while Invesco Developing Markets Fund Class Y (ODVYX) has a volatility of 6.59%. This indicates that FIQGX experiences smaller price fluctuations and is considered to be less risky than ODVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQGX | ODVYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 6.59% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.13% | 17.09% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 19.52% | -4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 18.22% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.09% | -1.25% |
FIQGX vs. ODVYX - Expense Ratio Comparison
Both FIQGX and ODVYX have an expense ratio of 1.05%.
Dividends
FIQGX vs. ODVYX - Dividend Comparison
FIQGX's dividend yield for the trailing twelve months is around 4.14%, less than ODVYX's 36.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 4.14% | 4.87% | 4.07% | 2.20% | 1.86% | 12.04% | 0.71% | 1.22% | 2.16% | 0.00% | 0.00% | 0.00% |
ODVYX Invesco Developing Markets Fund Class Y | 36.66% | 43.10% | 0.26% | 0.81% | 0.94% | 5.40% | 0.22% | 2.43% | 0.62% | 0.57% | 0.52% | 0.75% |
Frequently Asked Questions
FIQGX and ODVYX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ODVYX has higher volatility (6.59%) compared to FIQGX (5.54%). In terms of maximum drawdown, FIQGX dropped -38.41% vs ODVYX's -61.49%.
FIQGX currently has the higher Sharpe Ratio (2.19 vs 1.88), 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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