ODMAX vs. VEMAX
Compare and contrast key facts about Invesco Developing Markets Fund (ODMAX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX).
ODMAX is managed by Invesco. It was launched on Nov 17, 1996. VEMAX is managed by Vanguard. It was launched on Jun 23, 2006.
Performance
ODMAX vs. VEMAX - Performance Comparison
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ODMAX vs. VEMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ODMAX Invesco Developing Markets Fund | 2.97% | 28.34% | -1.39% | 11.17% | -25.16% | -7.54% | 17.22% | 24.02% | -12.14% | 34.77% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | -0.22% | 24.76% | 11.34% | 8.82% | -17.79% | 0.85% | 15.24% | 20.29% | -14.59% | 31.37% |
Returns By Period
In the year-to-date period, ODMAX achieves a 2.97% return, which is significantly higher than VEMAX's -0.22% return. Over the past 10 years, ODMAX has underperformed VEMAX with an annualized return of 6.05%, while VEMAX has yielded a comparatively higher 7.53% annualized return.
ODMAX
- 1D
- 3.00%
- 1M
- -8.13%
- YTD
- 2.97%
- 6M
- 7.26%
- 1Y
- 28.57%
- 3Y*
- 9.19%
- 5Y*
- -0.46%
- 10Y*
- 6.05%
VEMAX
- 1D
- 2.35%
- 1M
- -6.41%
- YTD
- -0.22%
- 6M
- 0.37%
- 1Y
- 21.44%
- 3Y*
- 13.34%
- 5Y*
- 3.58%
- 10Y*
- 7.53%
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ODMAX vs. VEMAX - Expense Ratio Comparison
ODMAX has a 1.24% expense ratio, which is higher than VEMAX's 0.14% expense ratio.
Return for Risk
ODMAX vs. VEMAX — Risk / Return Rank
ODMAX
VEMAX
ODMAX vs. VEMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund (ODMAX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). 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.
| ODMAX | VEMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.43 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.95 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.94 | +0.24 |
Martin ratioReturn relative to average drawdown | 8.51 | 7.08 | +1.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ODMAX | VEMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.43 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.24 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.46 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.26 | +0.24 |
Correlation
The correlation between ODMAX and VEMAX is 0.94, 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.
Dividends
ODMAX vs. VEMAX - Dividend Comparison
ODMAX's dividend yield for the trailing twelve months is around 40.35%, more than VEMAX's 2.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODMAX Invesco Developing Markets Fund | 40.35% | 41.55% | 0.01% | 0.53% | 0.57% | 5.01% | 0.00% | 2.12% | 0.28% | 0.30% | 0.23% | 0.43% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.67% | 2.74% | 3.13% | 3.47% | 4.05% | 2.57% | 1.87% | 3.20% | 2.85% | 2.31% | 2.51% | 3.25% |
Drawdowns
ODMAX vs. VEMAX - Drawdown Comparison
The maximum ODMAX drawdown since its inception was -61.63%, smaller than the maximum VEMAX drawdown of -66.45%. Use the drawdown chart below to compare losses from any high point for ODMAX and VEMAX.
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Drawdown Indicators
| ODMAX | VEMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.63% | -66.45% | +4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -11.08% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -45.46% | -32.60% | -12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -46.23% | -36.11% | -10.12% |
Current DrawdownCurrent decline from peak | -9.44% | -8.96% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -16.24% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.04% | +0.05% |
Volatility
ODMAX vs. VEMAX - Volatility Comparison
Invesco Developing Markets Fund (ODMAX) has a higher volatility of 8.46% compared to Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) at 6.88%. This indicates that ODMAX's price experiences larger fluctuations and is considered to be riskier than VEMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODMAX | VEMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 6.88% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 10.91% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 15.40% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 15.22% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 16.39% | +1.35% |