ODIIX vs. VADAX
Compare and contrast key facts about Invesco Discovery Fund Class R6 (ODIIX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
ODIIX is an actively managed fund by Invesco. It was launched on Jan 27, 2012. VADAX is managed by Invesco.
Performance
ODIIX vs. VADAX - Performance Comparison
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ODIIX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | -1.47% | 10.89% | 12.40% | 13.29% | -12.07% | 28.93% | 12.30% | 28.59% | -8.19% | 18.26% |
Returns By Period
In the year-to-date period, ODIIX achieves a 1.07% return, which is significantly higher than VADAX's -1.47% return. Over the past 10 years, ODIIX has outperformed VADAX with an annualized return of 14.52%, while VADAX has yielded a comparatively lower 10.47% annualized return.
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%
VADAX
- 1D
- -0.23%
- 1M
- -7.89%
- YTD
- -1.47%
- 6M
- -0.21%
- 1Y
- 10.07%
- 3Y*
- 10.61%
- 5Y*
- 7.23%
- 10Y*
- 10.47%
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ODIIX vs. VADAX - Expense Ratio Comparison
ODIIX has a 0.65% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
ODIIX vs. VADAX — Risk / Return Rank
ODIIX
VADAX
ODIIX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund Class R6 (ODIIX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX). 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.
| ODIIX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.64 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.02 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.14 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.71 | +0.17 |
Martin ratioReturn relative to average drawdown | 3.25 | 3.23 | +0.03 |
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
| ODIIX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.64 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.45 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.57 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.44 | +0.15 |
Correlation
The correlation between ODIIX and VADAX is 0.79, 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
ODIIX vs. VADAX - Dividend Comparison
ODIIX's dividend yield for the trailing twelve months is around 9.83%, less than VADAX's 10.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 10.36% | 10.21% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 0.30% | 2.77% |
Drawdowns
ODIIX vs. VADAX - Drawdown Comparison
The maximum ODIIX drawdown since its inception was -43.06%, smaller than the maximum VADAX drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for ODIIX and VADAX.
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Drawdown Indicators
| ODIIX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -60.27% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -12.61% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.06% | -21.74% | -21.32% |
Max Drawdown (10Y)Largest decline over 10 years | -43.06% | -39.32% | -3.74% |
Current DrawdownCurrent decline from peak | -11.36% | -7.89% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -7.13% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 2.78% | +2.83% |
Volatility
ODIIX vs. VADAX - Volatility Comparison
Invesco Discovery Fund Class R6 (ODIIX) has a higher volatility of 9.95% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 3.76%. This indicates that ODIIX's price experiences larger fluctuations and is considered to be riskier than VADAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODIIX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 3.76% | +6.19% |
Volatility (6M)Calculated over the trailing 6-month period | 19.22% | 8.70% | +10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.84% | 17.17% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.30% | 16.27% | +9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 18.53% | +6.16% |