OARDX vs. FDFIX

Last updated Jun 3, 2026

OARDX (Invesco Rising Dividends Fund) and FDFIX (Fidelity Flex 500 Index Fund) are both Large Cap Blend Equities funds. Over the past 5 years, OARDX returned 11.92%/yr vs 14.07%/yr for FDFIX. Their correlation of 0.95 suggests significant overlap in exposure. OARDX charges 1.00%/yr vs 0.00%/yr for FDFIX.

Performance

OARDX vs. FDFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Rising Dividends Fund (OARDX) and Fidelity Flex 500 Index Fund (FDFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OARDX achieves a 6.01% return, which is significantly lower than FDFIX's 11.29% return.

OARDX

• 1D: -0.14%
• 1M: 2.51%
• YTD: 6.01%
• 6M: 6.45%
• 1Y: 20.99%
• 3Y*: 17.25%
• 5Y*: 11.92%
• 10Y*: 12.56%

FDFIX

• 1D: 0.28%
• 1M: 5.37%
• YTD: 11.29%
• 6M: 11.56%
• 1Y: 28.97%
• 3Y*: 22.53%
• 5Y*: 14.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OARDX vs. FDFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OARDX Invesco Rising Dividends Fund	6.01%	17.43%	19.40%	17.73%	-12.68%	26.52%	13.34%	29.59%	-6.55%	12.30%
FDFIX Fidelity Flex 500 Index Fund	11.29%	17.59%	25.06%	26.27%	-18.10%	28.69%	18.46%	31.47%	-4.45%	14.41%

Correlation

The correlation between OARDX and FDFIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 10, 2017	0.95

The correlation between OARDX and FDFIX has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.

Return for Risk

OARDX vs. FDFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OARDX

OARDX Risk / Return Rank: 61
OARDX Sharpe Ratio Rank: 54
OARDX Sortino Ratio Rank: 60
OARDX Omega Ratio Rank: 52
OARDX Calmar Ratio Rank: 63
OARDX Martin Ratio Rank: 74

FDFIX

FDFIX Risk / Return Rank: 72
FDFIX Sharpe Ratio Rank: 74
FDFIX Sortino Ratio Rank: 65
FDFIX Omega Ratio Rank: 65
FDFIX Calmar Ratio Rank: 73
FDFIX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OARDX vs. FDFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Rising Dividends Fund (OARDX) and Fidelity Flex 500 Index Fund (FDFIX). 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.

	OARDX	FDFIX	Difference
Sharpe ratio Return per unit of total volatility	2.18	2.49	-0.31
Sortino ratio Return per unit of downside risk	3.25	3.37	-0.12
Omega ratio Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio Return relative to maximum drawdown	3.08	3.34	-0.27
Martin ratio Return relative to average drawdown	14.02	15.29	-1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OARDX vs. FDFIX - Sharpe Ratio Comparison

The current OARDX Sharpe Ratio is 2.18, which is comparable to the FDFIX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of OARDX and FDFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OARDX	FDFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.49	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.84	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.82	-0.75

Drawdowns

OARDX vs. FDFIX - Drawdown Comparison

The maximum OARDX drawdown since its inception was -69.57%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for OARDX and FDFIX.

Drawdown Indicators

	OARDX	FDFIX	Difference
Max Drawdown Largest peak-to-trough decline	-69.57%	-33.77%	-35.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-8.99%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-23.45%	-18.76%	-4.69%
Max Drawdown (5Y) Largest decline over 5 years	-23.45%	-24.51%	+1.06%
Max Drawdown (10Y) Largest decline over 10 years	-36.69%	—	—
Current Drawdown Current decline from peak	-0.18%	0.00%	-0.18%
Average Drawdown Average peak-to-trough decline	-16.47%	-4.58%	-11.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.97%	+0.14%

Volatility

OARDX vs. FDFIX - Volatility Comparison

Invesco Rising Dividends Fund (OARDX) and Fidelity Flex 500 Index Fund (FDFIX) have volatilities of 2.80% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OARDX	FDFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	2.92%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	9.05%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	11.98%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	16.95%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	18.59%	-0.38%

OARDX vs. FDFIX - Expense Ratio Comparison

OARDX has a 1.00% expense ratio, which is higher than FDFIX's 0.00% expense ratio.

Dividends

OARDX vs. FDFIX - Dividend Comparison

OARDX's dividend yield for the trailing twelve months is around 7.59%, more than FDFIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDFIX Fidelity Flex 500 Index Fund	1.03%	1.11%	1.26%	1.48%	1.70%	1.27%	1.52%	1.78%	2.16%	0.50%	0.00%	0.00%
OARDX Invesco Rising Dividends Fund	7.59%	8.07%	12.72%	7.63%	6.04%	12.60%	2.49%	4.06%	9.13%	10.38%	6.04%	7.42%

Frequently Asked Questions

Can I hold both OARDX and FDFIX in my portfolio?

OARDX and FDFIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OARDX or FDFIX?

FDFIX has higher volatility (2.92%) compared to OARDX (2.80%). In terms of maximum drawdown, OARDX dropped -69.57% vs FDFIX's -33.77%.

Which has better risk-adjusted returns?

FDFIX currently has the higher Sharpe Ratio (2.49 vs 2.18), 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.