ODIIX vs. VAFAX
Compare and contrast key facts about Invesco Discovery Fund Class R6 (ODIIX) and Invesco American Franchise Fund Class A (VAFAX).
ODIIX is an actively managed fund by Invesco. It was launched on Jan 27, 2012. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
ODIIX vs. VAFAX - Performance Comparison
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ODIIX vs. VAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ODIIX Invesco Discovery Fund Class R6 | 6.48% | 17.14% | 23.04% | 17.46% | -31.00% | 15.37% | 50.87% | 37.36% | -3.68% | 29.58% |
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, ODIIX achieves a 6.48% return, which is significantly higher than VAFAX's -9.70% return. Over the past 10 years, ODIIX has outperformed VAFAX with an annualized return of 15.12%, while VAFAX has yielded a comparatively lower 13.99% annualized return.
ODIIX
- 1D
- 5.35%
- 1M
- -6.61%
- YTD
- 6.48%
- 6M
- 12.09%
- 1Y
- 40.76%
- 3Y*
- 19.28%
- 5Y*
- 6.28%
- 10Y*
- 15.12%
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
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ODIIX vs. VAFAX - Expense Ratio Comparison
ODIIX has a 0.65% expense ratio, which is lower than VAFAX's 0.95% expense ratio.
Return for Risk
ODIIX vs. VAFAX — Risk / Return Rank
ODIIX
VAFAX
ODIIX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund Class R6 (ODIIX) and Invesco American Franchise Fund Class A (VAFAX). 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 | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.63 | +1.04 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.06 | +1.30 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.65 | +0.78 |
Martin ratioReturn relative to average drawdown | 5.58 | 2.03 | +3.55 |
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 | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.63 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.31 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.63 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.53 | +0.08 |
Correlation
The correlation between ODIIX and VAFAX is 0.84, 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. VAFAX - Dividend Comparison
ODIIX's dividend yield for the trailing twelve months is around 9.33%, less than VAFAX's 15.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODIIX Invesco Discovery Fund Class R6 | 9.33% | 9.94% | 5.27% | 0.00% | 0.00% | 16.15% | 9.22% | 5.40% | 16.05% | 10.90% | 3.86% | 6.15% |
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
ODIIX vs. VAFAX - Drawdown Comparison
The maximum ODIIX drawdown since its inception was -43.06%, smaller than the maximum VAFAX drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for ODIIX and VAFAX.
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Drawdown Indicators
| ODIIX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -48.48% | +5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -19.27% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -43.06% | -38.86% | -4.20% |
Max Drawdown (10Y)Largest decline over 10 years | -43.06% | -38.86% | -4.20% |
Current DrawdownCurrent decline from peak | -6.61% | -15.69% | +9.08% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -8.16% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 6.14% | -1.43% |
Volatility
ODIIX vs. VAFAX - Volatility Comparison
Invesco Discovery Fund Class R6 (ODIIX) has a higher volatility of 11.51% compared to Invesco American Franchise Fund Class A (VAFAX) at 8.31%. This indicates that ODIIX's price experiences larger fluctuations and is considered to be riskier than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODIIX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.51% | 8.31% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.88% | 15.69% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.31% | 25.39% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.40% | 23.03% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.74% | 22.23% | +2.51% |