ODIIX vs. VLEOX
ODIIX (Invesco Discovery Fund Class R6) and VLEOX (Value Line Small Cap Opportunities Fund) are both Small Cap Growth Equities funds. Over the past 10 years, ODIIX returned 15.49%/yr vs 11.15%/yr for VLEOX. Their correlation of 0.88 means they have usually moved in the same direction. ODIIX charges 0.65%/yr vs 1.16%/yr for VLEOX.
Performance
ODIIX vs. VLEOX - 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 VLEOX's 10.06% return. Over the past 10 years, ODIIX has outperformed VLEOX with an annualized return of 15.49%, while VLEOX has yielded a comparatively lower 11.15% 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%
VLEOX
- 1D
- 0.11%
- 1M
- -1.28%
- 6M
- 6.09%
- YTD
- 10.06%
- 1Y
- 15.06%
- 3Y*
- 12.12%
- 5Y*
- 6.39%
- 10Y*
- 11.15%
- ALL TIME*
- 11.30%
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. VLEOX - 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% |
VLEOX Value Line Small Cap Opportunities Fund | 10.06% | 6.27% | 14.23% | 22.01% | -19.12% | 15.16% | 26.65% | 25.32% | -4.97% | 17.66% |
Correlation
The correlation between ODIIX and VLEOX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2012 | 0.88 |
Over the past year, the correlation between ODIIX and VLEOX has dropped to 0.67 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
ODIIX vs. VLEOX — Risk / Return Rank
ODIIX
VLEOX
ODIIX vs. VLEOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund Class R6 (ODIIX) and Value Line Small Cap Opportunities Fund (VLEOX). 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 | VLEOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.20 | +1.19 |
| Martin ratioReturn relative to average drawdown | 9.93 | 4.19 | +5.74 |
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Drawdowns
ODIIX vs. VLEOX - Drawdown Comparison
The maximum ODIIX drawdown since its inception was -43.06%, smaller than the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for ODIIX and VLEOX.
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Drawdown Indicators
| ODIIX | VLEOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.06% | -55.86% | +12.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.66% | -10.58% | -6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -28.52% | -22.89% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -43.06% | -30.68% | -12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -43.06% | -35.30% | -7.76% |
Current DrawdownCurrent decline from peak | -12.64% | -2.30% | -10.34% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -9.45% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.04% | +0.78% |
Volatility
ODIIX vs. VLEOX - Volatility Comparison
Invesco Discovery Fund Class R6 (ODIIX) has a higher volatility of 10.43% compared to Value Line Small Cap Opportunities Fund (VLEOX) at 3.84%. This indicates that ODIIX's price experiences larger fluctuations and is considered to be riskier than VLEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODIIX | VLEOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 3.84% | +6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 22.76% | 12.44% | +10.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.71% | 16.53% | +12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 19.33% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.20% | 19.98% | +5.22% |
ODIIX vs. VLEOX - Expense Ratio Comparison
ODIIX has a 0.65% expense ratio, which is lower than VLEOX's 1.16% expense ratio.
Dividends
ODIIX vs. VLEOX - Dividend Comparison
ODIIX's dividend yield for the trailing twelve months is around 8.17%, more than VLEOX's 5.81% 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% |
VLEOX Value Line Small Cap Opportunities Fund | 5.81% | 6.40% | 0.09% | 0.82% | 2.76% | 6.00% | 8.02% | 23.60% | 15.87% | 3.64% | 5.40% | 14.55% |
Frequently Asked Questions
ODIIX and VLEOX have a correlation of 0.67, 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 VLEOX (3.84%). In terms of maximum drawdown, ODIIX dropped -43.06% vs VLEOX's -55.86%.
ODIIX currently has the higher Sharpe Ratio (1.39 vs 0.77), 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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