ODIIX vs. IVNQX
ODIIX (Invesco Discovery Fund Class R6) and IVNQX (Invesco Nasdaq 100 Index Fund) are both mutual funds - ODIIX is a Small Cap Growth Equities fund actively managed by Invesco, while IVNQX is a Large Cap Growth Equities fund tracking the Nasdaq-100 Index. ODIIX is actively managed, while IVNQX is passively managed. Over the past 5 years, ODIIX returned 8.28%/yr vs 14.15%/yr for IVNQX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. ODIIX charges 0.65%/yr vs 0.29%/yr for IVNQX.
Performance
ODIIX vs. IVNQX - Performance Comparison
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Returns By Period
In the year-to-date period, ODIIX achieves a 21.59% return, which is significantly higher than IVNQX's 11.50% 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%
IVNQX
- 1D
- 3.35%
- 1M
- -4.16%
- 6M
- 10.20%
- YTD
- 11.50%
- 1Y
- 23.89%
- 3Y*
- 21.84%
- 5Y*
- 14.15%
- 10Y*
- —
- ALL TIME*
- 16.66%
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. IVNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ODIIX Invesco Discovery Fund Class R6 | 21.59% | 17.14% | 23.04% | 17.46% | -31.00% | 15.37% | 13.54% |
IVNQX Invesco Nasdaq 100 Index Fund | 11.50% | 20.77% | 25.43% | 54.62% | -32.05% | 26.75% | 8.46% |
Correlation
The correlation between ODIIX and IVNQX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.77 |
The correlation between ODIIX and IVNQX has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.
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Return for Risk
ODIIX vs. IVNQX — Risk / Return Rank
ODIIX
IVNQX
ODIIX vs. IVNQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund Class R6 (ODIIX) and Invesco Nasdaq 100 Index Fund (IVNQX). 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 | IVNQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.76 | +0.63 |
| Martin ratioReturn relative to average drawdown | 9.93 | 5.65 | +4.28 |
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Drawdowns
ODIIX vs. IVNQX - Drawdown Comparison
The maximum ODIIX drawdown since its inception was -43.06%, which is greater than IVNQX's maximum drawdown of -34.83%. Use the drawdown chart below to compare losses from any high point for ODIIX and IVNQX.
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Drawdown Indicators
| ODIIX | IVNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -34.83% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.66% | -11.95% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -28.52% | -22.70% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -43.06% | -34.83% | -8.23% |
Max Drawdown (10Y)Largest decline over 10 years | -43.06% | — | — |
Current DrawdownCurrent decline from peak | -12.64% | -8.28% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -8.12% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.70% | +0.12% |
Volatility
ODIIX vs. IVNQX - Volatility Comparison
Invesco Discovery Fund Class R6 (ODIIX) has a higher volatility of 10.43% compared to Invesco Nasdaq 100 Index Fund (IVNQX) at 6.87%. This indicates that ODIIX's price experiences larger fluctuations and is considered to be riskier than IVNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODIIX | IVNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 6.87% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 22.76% | 15.96% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.71% | 19.38% | +9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 22.99% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.20% | 22.61% | +2.59% |
ODIIX vs. IVNQX - Expense Ratio Comparison
ODIIX has a 0.65% expense ratio, which is higher than IVNQX's 0.29% expense ratio.
Dividends
ODIIX vs. IVNQX - Dividend Comparison
ODIIX's dividend yield for the trailing twelve months is around 8.17%, more than IVNQX's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 1.17% | 1.31% | 0.72% | 0.54% | 0.73% | 0.84% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 IVNQX have a correlation of 0.69, 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 IVNQX (6.87%). In terms of maximum drawdown, ODIIX dropped -43.06% vs IVNQX's -34.83%.
ODIIX currently has the higher Sharpe Ratio (1.39 vs 1.08), 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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