ODIIX vs. VEIRX

Last updated Aug 1, 2026

ODIIX (Invesco Discovery Fund Class R6) and VEIRX (Vanguard Equity Income Fund Admiral Shares) are both mutual funds - ODIIX is a Small Cap Growth Equities fund actively managed by Invesco, while VEIRX is a Dividend fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, ODIIX returned 15.49%/yr vs 11.82%/yr for VEIRX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. ODIIX charges 0.65%/yr vs 0.19%/yr for VEIRX.

Performance

ODIIX vs. VEIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Discovery Fund Class R6 (ODIIX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ODIIX achieves a 21.59% return, which is significantly higher than VEIRX's 11.87% return. Over the past 10 years, ODIIX has outperformed VEIRX with an annualized return of 15.49%, while VEIRX has yielded a comparatively lower 11.82% 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%

VEIRX

• 1D: 0.21%
• 1M: 1.92%
• 6M: 8.20%
• YTD: 11.87%
• 1Y: 23.32%
• 3Y*: 15.56%
• 5Y*: 11.73%
• 10Y*: 11.82%
• ALL TIME*: 9.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ODIIX Invesco Discovery Fund Class R6	$0.00	$0.00	$0.00
VEIRX Vanguard Equity Income Fund Admiral Shares	$0.00	$0.00	$0.00

ODIIX vs. VEIRX - 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%
VEIRX Vanguard Equity Income Fund Admiral Shares	11.87%	17.25%	14.91%	7.76%	-0.08%	25.49%	3.08%	25.34%	-5.68%	17.68%

Correlation

The correlation between ODIIX and VEIRX is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.63
Correlation (All Time) Calculated using the full available price history since Jan 27, 2012	0.67

Over the past year, the correlation between ODIIX and VEIRX has dropped to 0.41 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

ODIIX vs. VEIRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ODIIX

ODIIX Risk / Return Rank: 64
ODIIX Sharpe Ratio Rank: 56
ODIIX Sortino Ratio Rank: 56
ODIIX Omega Ratio Rank: 51
ODIIX Calmar Ratio Rank: 75
ODIIX Martin Ratio Rank: 82

VEIRX

VEIRX Risk / Return Rank: 84
VEIRX Sharpe Ratio Rank: 85
VEIRX Sortino Ratio Rank: 83
VEIRX Omega Ratio Rank: 81
VEIRX Calmar Ratio Rank: 86
VEIRX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ODIIX vs. VEIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund Class R6 (ODIIX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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	VEIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	2.02	-0.64
Sortino ratio: Return per unit of downside risk	2.01	2.90	-0.89
Omega ratio: Gain probability vs. loss probability	1.24	1.37	-0.13
Calmar ratio: Return relative to maximum drawdown	2.39	2.91	-0.52
Martin ratio: Return relative to average drawdown	9.93	10.99	-1.06

ODIIX vs. VEIRX - Sharpe Ratio Comparison

The current ODIIX Sharpe Ratio is 1.39, which is lower than the VEIRX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of ODIIX and VEIRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ODIIX vs. VEIRX - Drawdown Comparison

The maximum ODIIX drawdown since its inception was -43.06%, smaller than the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for ODIIX and VEIRX.

Drawdown Indicators

	ODIIX	VEIRX	Difference
Max Drawdown Largest peak-to-trough decline	-43.06%	-54.02%	+10.96%
Max Drawdown (1Y) Largest decline over 1 year	-16.66%	-7.13%	-9.53%
Max Drawdown (3Y) Largest decline over 3 years	-28.52%	-13.36%	-15.16%
Max Drawdown (5Y) Largest decline over 5 years	-43.06%	-15.12%	-27.94%
Max Drawdown (10Y) Largest decline over 10 years	-43.06%	-35.26%	-7.80%
Current Drawdown Current decline from peak	-12.64%	-0.85%	-11.79%
Average Drawdown Average peak-to-trough decline	-10.11%	-6.46%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	1.90%	+1.92%

Volatility

ODIIX vs. VEIRX - Volatility Comparison

Invesco Discovery Fund Class R6 (ODIIX) has a higher volatility of 10.43% compared to Vanguard Equity Income Fund Admiral Shares (VEIRX) at 2.57%. This indicates that ODIIX's price experiences larger fluctuations and is considered to be riskier than VEIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ODIIX	VEIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.43%	2.57%	+7.86%
Volatility (6M) Calculated over the trailing 6-month period	22.76%	7.39%	+15.37%
Volatility (1Y) Calculated over the trailing 1-year period	28.71%	10.28%	+18.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.14%	13.84%	+12.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.20%	16.25%	+8.95%

ODIIX vs. VEIRX - Expense Ratio Comparison

ODIIX has a 0.65% expense ratio, which is higher than VEIRX's 0.19% expense ratio.

Dividends

ODIIX vs. VEIRX - Dividend Comparison

ODIIX's dividend yield for the trailing twelve months is around 8.17%, less than VEIRX's 9.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VEIRX Vanguard Equity Income Fund Admiral Shares	9.92%	11.03%	9.83%	7.96%	8.79%	7.71%	2.86%	4.45%	10.98%	3.04%	3.87%	6.48%

Frequently Asked Questions

Can I hold both ODIIX and VEIRX in my portfolio?

ODIIX and VEIRX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ODIIX or VEIRX?

ODIIX has higher volatility (10.43%) compared to VEIRX (2.57%). In terms of maximum drawdown, ODIIX dropped -43.06% vs VEIRX's -54.02%.

Which has better risk-adjusted returns?

VEIRX currently has the higher Sharpe Ratio (2.02 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.