ODIIX vs. FCPVX
ODIIX (Invesco Discovery Fund Class R6) and FCPVX (Fidelity Small Cap Value Fund) are both mutual funds - ODIIX is a Small Cap Growth Equities fund actively managed by Invesco, while FCPVX is a Small Cap Value Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, ODIIX returned 15.49%/yr vs 11.56%/yr for FCPVX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. ODIIX charges 0.65%/yr vs 0.91%/yr for FCPVX.
Performance
ODIIX vs. FCPVX - Performance Comparison
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Returns By Period
In the year-to-date period, ODIIX achieves a 21.59% return, which is significantly lower than FCPVX's 25.65% return. Over the past 10 years, ODIIX has outperformed FCPVX with an annualized return of 15.49%, while FCPVX has yielded a comparatively lower 11.56% annualized return.
ODIIX
- 1D
- 4.83%
- 1M
- -7.27%
- 6M
- 10.85%
- YTD
- 21.59%
- 1Y
- 39.02%
- 3Y*
- 21.26%
- 5Y*
- 8.28%
- 10Y*
- 15.49%
- ALL TIME*
- 14.61%
FCPVX
- 1D
- 0.32%
- 1M
- -0.87%
- 6M
- 19.78%
- YTD
- 25.65%
- 1Y
- 38.94%
- 3Y*
- 15.82%
- 5Y*
- 10.53%
- 10Y*
- 11.56%
- ALL TIME*
- 11.02%
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 |
ODIIX vs. FCPVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ODIIX Invesco Discovery Fund Class R6 | 21.59% | 17.14% | 23.04% | 17.46% | -31.00% | 15.37% | 50.87% | 37.36% | -3.68% | 29.58% |
FCPVX Fidelity Small Cap Value Fund | 25.65% | 8.13% | 9.41% | 17.77% | -13.07% | 38.08% | 11.18% | 20.86% | -15.47% | 12.26% |
Correlation
The correlation between ODIIX and FCPVX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2012 | 0.77 |
The correlation between ODIIX and FCPVX shifts across timeframes, from 0.67 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ODIIX vs. FCPVX — Risk / Return Rank
ODIIX
FCPVX
ODIIX vs. FCPVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund Class R6 (ODIIX) and Fidelity Small Cap Value Fund (FCPVX). 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.
| ODIIX | FCPVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 3.40 | -1.01 |
| Martin ratioReturn relative to average drawdown | 9.93 | 12.16 | -2.23 |
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Drawdowns
ODIIX vs. FCPVX - Drawdown Comparison
The maximum ODIIX drawdown since its inception was -43.06%, smaller than the maximum FCPVX drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for ODIIX and FCPVX.
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Drawdown Indicators
| ODIIX | FCPVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -57.65% | +14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.66% | -10.31% | -6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -28.52% | -23.81% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -43.06% | -23.81% | -19.25% |
Max Drawdown (10Y)Largest decline over 10 years | -43.06% | -44.59% | +1.53% |
Current DrawdownCurrent decline from peak | -12.64% | -2.37% | -10.27% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -7.92% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.88% | +0.94% |
Volatility
ODIIX vs. FCPVX - Volatility Comparison
Invesco Discovery Fund Class R6 (ODIIX) has a higher volatility of 10.43% compared to Fidelity Small Cap Value Fund (FCPVX) at 4.26%. This indicates that ODIIX's price experiences larger fluctuations and is considered to be riskier than FCPVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODIIX | FCPVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 4.26% | +6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 22.76% | 13.47% | +9.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.71% | 17.94% | +10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 20.88% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.20% | 22.33% | +2.87% |
ODIIX vs. FCPVX - Expense Ratio Comparison
ODIIX has a 0.65% expense ratio, which is lower than FCPVX's 0.91% expense ratio.
Dividends
ODIIX vs. FCPVX - Dividend Comparison
ODIIX's dividend yield for the trailing twelve months is around 8.17%, more than FCPVX's 8.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPVX Fidelity Small Cap Value Fund | 8.08% | 10.15% | 6.13% | 5.20% | 5.92% | 7.95% | 0.46% | 3.49% | 36.44% | 3.64% | 7.12% | 11.09% |
ODIIX Invesco Discovery Fund Class R6 | 8.17% | 9.94% | 5.27% | 0.00% | 0.00% | 16.15% | 9.22% | 5.40% | 16.05% | 10.90% | 3.86% | 6.15% |
Frequently Asked Questions
ODIIX and FCPVX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ODIIX has higher volatility (10.43%) compared to FCPVX (4.26%). In terms of maximum drawdown, ODIIX dropped -43.06% vs FCPVX's -57.65%.
FCPVX currently has the higher Sharpe Ratio (1.96 vs 1.39), 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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