ODIIX vs. VADDX
Compare and contrast key facts about Invesco Discovery Fund Class R6 (ODIIX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
ODIIX is an actively managed fund by Invesco. It was launched on Jan 27, 2012. VADDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 28, 1997.
Performance
ODIIX vs. VADDX - Performance Comparison
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ODIIX vs. VADDX - 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% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 0.61% | 11.16% | 12.68% | 13.58% | -11.86% | 29.27% | 12.56% | 28.92% | -7.96% | 18.55% |
Returns By Period
In the year-to-date period, ODIIX achieves a 1.07% return, which is significantly higher than VADDX's 0.61% return. Over the past 10 years, ODIIX has outperformed VADDX with an annualized return of 14.52%, while VADDX has yielded a comparatively lower 10.94% 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%
VADDX
- 1D
- 2.06%
- 1M
- -5.82%
- YTD
- 0.61%
- 6M
- 1.75%
- 1Y
- 12.48%
- 3Y*
- 11.64%
- 5Y*
- 7.70%
- 10Y*
- 10.94%
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ODIIX vs. VADDX - Expense Ratio Comparison
ODIIX has a 0.65% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
ODIIX vs. VADDX — Risk / Return Rank
ODIIX
VADDX
ODIIX vs. VADDX - 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 (VADDX). 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 | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.74 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.15 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.16 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.93 | -0.05 |
Martin ratioReturn relative to average drawdown | 3.25 | 4.21 | -0.96 |
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 | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.74 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.48 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.59 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.46 | +0.13 |
Correlation
The correlation between ODIIX and VADDX 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. VADDX - Dividend Comparison
ODIIX's dividend yield for the trailing twelve months is around 9.83%, less than VADDX's 10.03% 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% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 10.03% | 10.09% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 0.30% | 2.98% |
Drawdowns
ODIIX vs. VADDX - Drawdown Comparison
The maximum ODIIX drawdown since its inception was -43.06%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for ODIIX and VADDX.
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Drawdown Indicators
| ODIIX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -60.12% | +17.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -12.61% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.06% | -21.58% | -21.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.06% | -39.39% | -3.67% |
Current DrawdownCurrent decline from peak | -11.36% | -5.99% | -5.37% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -7.03% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 2.80% | +2.81% |
Volatility
ODIIX vs. VADDX - Volatility Comparison
Invesco Discovery Fund Class R6 (ODIIX) has a higher volatility of 9.95% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 4.48%. This indicates that ODIIX's price experiences larger fluctuations and is considered to be riskier than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODIIX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 4.48% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 19.22% | 8.88% | +10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.84% | 17.25% | +10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.30% | 16.30% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 18.54% | +6.15% |