NCLEX vs. ODIIX
Compare and contrast key facts about Nicholas Limited Edition Fund (NCLEX) and Invesco Discovery Fund Class R6 (ODIIX).
NCLEX is managed by Nicholas. It was launched on May 18, 1987. ODIIX is an actively managed fund by Invesco. It was launched on Jan 27, 2012.
Performance
NCLEX vs. ODIIX - Performance Comparison
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NCLEX vs. ODIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | -14.46% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
ODIIX Invesco Discovery Fund Class R6 | 1.07% | 17.14% | 23.04% | 17.46% | -31.00% | 15.37% | 50.87% | 37.36% | -3.68% | 29.58% |
Returns By Period
In the year-to-date period, NCLEX achieves a -14.46% return, which is significantly lower than ODIIX's 1.07% return. Over the past 10 years, NCLEX has underperformed ODIIX with an annualized return of 6.64%, while ODIIX has yielded a comparatively higher 14.52% annualized return.
NCLEX
- 1D
- 0.09%
- 1M
- -9.57%
- YTD
- -14.46%
- 6M
- -16.84%
- 1Y
- -16.93%
- 3Y*
- -2.12%
- 5Y*
- -2.31%
- 10Y*
- 6.64%
ODIIX
- 1D
- -3.42%
- 1M
- -10.89%
- YTD
- 1.07%
- 6M
- 6.33%
- 1Y
- 34.65%
- 3Y*
- 17.22%
- 5Y*
- 5.65%
- 10Y*
- 14.52%
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NCLEX vs. ODIIX - Expense Ratio Comparison
NCLEX has a 0.85% expense ratio, which is higher than ODIIX's 0.65% expense ratio.
Return for Risk
NCLEX vs. ODIIX — Risk / Return Rank
NCLEX
ODIIX
NCLEX vs. ODIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Limited Edition Fund (NCLEX) and Invesco Discovery Fund Class R6 (ODIIX). 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.
| NCLEX | ODIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.87 | 1.39 | -2.26 |
Sortino ratioReturn per unit of downside risk | -1.20 | 2.01 | -3.20 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.27 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.88 | -1.75 |
Martin ratioReturn relative to average drawdown | -2.41 | 3.25 | -5.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCLEX | ODIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | 1.39 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.23 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.60 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.59 | -0.09 |
Correlation
The correlation between NCLEX and ODIIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NCLEX vs. ODIIX - Dividend Comparison
NCLEX's dividend yield for the trailing twelve months is around 8.81%, less than ODIIX's 9.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCLEX Nicholas Limited Edition Fund | 8.81% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
ODIIX Invesco Discovery Fund Class R6 | 9.83% | 9.94% | 5.27% | 0.00% | 0.00% | 16.15% | 9.22% | 5.40% | 16.05% | 10.90% | 3.86% | 6.15% |
Drawdowns
NCLEX vs. ODIIX - Drawdown Comparison
The maximum NCLEX drawdown since its inception was -48.68%, which is greater than ODIIX's maximum drawdown of -43.06%. Use the drawdown chart below to compare losses from any high point for NCLEX and ODIIX.
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Drawdown Indicators
| NCLEX | ODIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -43.06% | -5.62% |
Max Drawdown (1Y)Largest decline over 1 year | -21.36% | -13.39% | -7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.50% | -43.06% | +14.56% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -43.06% | +7.27% |
Current DrawdownCurrent decline from peak | -28.44% | -11.36% | -17.08% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -10.27% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 5.61% | +2.13% |
Volatility
NCLEX vs. ODIIX - Volatility Comparison
The current volatility for Nicholas Limited Edition Fund (NCLEX) is 4.65%, while Invesco Discovery Fund Class R6 (ODIIX) has a volatility of 9.95%. This indicates that NCLEX experiences smaller price fluctuations and is considered to be less risky than ODIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCLEX | ODIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 9.95% | -5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 19.22% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 27.84% | -8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.46% | 25.30% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 24.69% | -5.54% |