ODMAX vs. SPHY
Compare and contrast key facts about Invesco Developing Markets Fund (ODMAX) and SPDR Portfolio High Yield Bond ETF (SPHY).
ODMAX is managed by Invesco. It was launched on Nov 17, 1996. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODMAX or SPHY.
Correlation
The correlation between ODMAX and SPHY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ODMAX vs. SPHY - Performance Comparison
Key characteristics
ODMAX:
0.56
SPHY:
2.64
ODMAX:
0.88
SPHY:
3.89
ODMAX:
1.11
SPHY:
1.51
ODMAX:
0.22
SPHY:
4.56
ODMAX:
1.50
SPHY:
18.87
ODMAX:
5.31%
SPHY:
0.55%
ODMAX:
14.21%
SPHY:
3.95%
ODMAX:
-76.58%
SPHY:
-21.97%
ODMAX:
-30.13%
SPHY:
-0.04%
Returns By Period
In the year-to-date period, ODMAX achieves a 6.68% return, which is significantly higher than SPHY's 1.81% return. Over the past 10 years, ODMAX has underperformed SPHY with an annualized return of 1.70%, while SPHY has yielded a comparatively higher 4.59% annualized return.
ODMAX
6.68%
6.24%
0.78%
6.74%
-1.67%
1.70%
SPHY
1.81%
0.73%
4.20%
10.18%
4.42%
4.59%
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ODMAX vs. SPHY - Expense Ratio Comparison
ODMAX has a 1.24% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
ODMAX vs. SPHY — Risk-Adjusted Performance Rank
ODMAX
SPHY
ODMAX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund (ODMAX) and SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
ODMAX has not paid dividends to shareholders, while SPHY's dividend yield for the trailing twelve months is around 7.68%.
| 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% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.68% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
ODMAX vs. SPHY - Drawdown Comparison
The maximum ODMAX drawdown since its inception was -76.58%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for ODMAX and SPHY. For additional features, visit the drawdowns tool.
Volatility
ODMAX vs. SPHY - Volatility Comparison
Invesco Developing Markets Fund (ODMAX) has a higher volatility of 4.26% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.85%. This indicates that ODMAX's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.