ODMAX vs. EEMV
Compare and contrast key facts about Invesco Developing Markets Fund (ODMAX) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV).
ODMAX is managed by Invesco. It was launched on Nov 17, 1996. EEMV is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODMAX or EEMV.
Correlation
The correlation between ODMAX and EEMV 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.
Performance
ODMAX vs. EEMV - Performance Comparison
Key characteristics
ODMAX:
0.41
EEMV:
0.88
ODMAX:
0.67
EEMV:
1.28
ODMAX:
1.08
EEMV:
1.16
ODMAX:
0.16
EEMV:
0.77
ODMAX:
1.08
EEMV:
2.35
ODMAX:
5.34%
EEMV:
3.29%
ODMAX:
14.20%
EEMV:
8.85%
ODMAX:
-76.58%
EEMV:
-31.56%
ODMAX:
-30.76%
EEMV:
-4.65%
Returns By Period
In the year-to-date period, ODMAX achieves a 5.72% return, which is significantly higher than EEMV's 1.67% return. Over the past 10 years, ODMAX has underperformed EEMV with an annualized return of 1.60%, while EEMV has yielded a comparatively higher 2.59% annualized return.
ODMAX
5.72%
3.53%
-0.46%
4.86%
-1.67%
1.60%
EEMV
1.67%
1.43%
0.27%
7.28%
3.63%
2.59%
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ODMAX vs. EEMV - Expense Ratio Comparison
ODMAX has a 1.24% expense ratio, which is higher than EEMV's 0.25% expense ratio.
Risk-Adjusted Performance
ODMAX vs. EEMV — Risk-Adjusted Performance Rank
ODMAX
EEMV
ODMAX vs. EEMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund (ODMAX) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). 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.
Dividends
ODMAX vs. EEMV - Dividend Comparison
ODMAX has not paid dividends to shareholders, while EEMV's dividend yield for the trailing twelve months is around 3.44%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODMAX Invesco Developing Markets Fund | 0.00% | 0.01% | 0.53% | 0.57% | 0.10% | 0.00% | 0.23% | 0.28% | 0.30% | 0.23% | 0.42% | 0.29% |
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 3.44% | 3.50% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% | 2.71% |
Drawdowns
ODMAX vs. EEMV - Drawdown Comparison
The maximum ODMAX drawdown since its inception was -76.58%, which is greater than EEMV's maximum drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for ODMAX and EEMV. For additional features, visit the drawdowns tool.
Volatility
ODMAX vs. EEMV - Volatility Comparison
Invesco Developing Markets Fund (ODMAX) has a higher volatility of 4.25% compared to iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) at 1.78%. This indicates that ODMAX's price experiences larger fluctuations and is considered to be riskier than EEMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.