ODMAX vs. IEFA
Compare and contrast key facts about Invesco Developing Markets Fund (ODMAX) and iShares Core MSCI EAFE ETF (IEFA).
ODMAX is managed by Invesco. It was launched on Nov 17, 1996. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODMAX or IEFA.
Correlation
The correlation between ODMAX and IEFA is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ODMAX vs. IEFA - Performance Comparison
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Key characteristics
ODMAX:
0.10
IEFA:
0.65
ODMAX:
0.30
IEFA:
1.04
ODMAX:
1.04
IEFA:
1.14
ODMAX:
0.05
IEFA:
0.83
ODMAX:
0.32
IEFA:
2.43
ODMAX:
6.76%
IEFA:
4.70%
ODMAX:
17.63%
IEFA:
17.57%
ODMAX:
-76.58%
IEFA:
-34.79%
ODMAX:
-29.86%
IEFA:
0.00%
Returns By Period
In the year-to-date period, ODMAX achieves a 7.09% return, which is significantly lower than IEFA's 14.37% return. Over the past 10 years, ODMAX has underperformed IEFA with an annualized return of 1.44%, while IEFA has yielded a comparatively higher 5.59% annualized return.
ODMAX
7.09%
11.30%
3.96%
1.74%
2.10%
1.44%
IEFA
14.37%
9.55%
12.64%
11.27%
12.54%
5.59%
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ODMAX vs. IEFA - Expense Ratio Comparison
ODMAX has a 1.24% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Risk-Adjusted Performance
ODMAX vs. IEFA — Risk-Adjusted Performance Rank
ODMAX
IEFA
ODMAX vs. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund (ODMAX) and iShares Core MSCI EAFE ETF (IEFA). 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.
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Dividends
ODMAX vs. IEFA - Dividend Comparison
ODMAX's dividend yield for the trailing twelve months is around 0.01%, less than IEFA's 3.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODMAX Invesco Developing Markets Fund | 0.01% | 0.01% | 0.53% | 0.57% | 5.01% | 0.00% | 2.12% | 0.28% | 0.30% | 0.23% | 0.43% | 3.65% |
IEFA iShares Core MSCI EAFE ETF | 3.04% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% |
Drawdowns
ODMAX vs. IEFA - Drawdown Comparison
The maximum ODMAX drawdown since its inception was -76.58%, which is greater than IEFA's maximum drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for ODMAX and IEFA. For additional features, visit the drawdowns tool.
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Volatility
ODMAX vs. IEFA - Volatility Comparison
Invesco Developing Markets Fund (ODMAX) has a higher volatility of 4.18% compared to iShares Core MSCI EAFE ETF (IEFA) at 3.29%. This indicates that ODMAX's price experiences larger fluctuations and is considered to be riskier than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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