ODV vs. UGOFX

Last updated Jun 24, 2026

ODV (Osisko Development Corp.) is a stock, while UGOFX (USAA Global Managed Volatility Fund) is Global Equities fund managed by BlackRock. Over the past 3 years, ODV returned -17.74%/yr vs 18.14%/yr for UGOFX. At a 0.26 correlation, their price movements are largely independent.

Performance

ODV vs. UGOFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osisko Development Corp. (ODV) and USAA Global Managed Volatility Fund (UGOFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ODV achieves a -29.51% return, which is significantly lower than UGOFX's 14.39% return.

ODV

• 1D: -3.53%
• 1M: -8.55%
• YTD: -29.51%
• 6M: -32.97%
• 1Y: 17.70%
• 3Y*: -17.74%
• 5Y*: —
• 10Y*: —

UGOFX

• 1D: 0.33%
• 1M: 3.03%
• YTD: 14.39%
• 6M: 13.54%
• 1Y: 25.33%
• 3Y*: 18.14%
• 5Y*: 10.65%
• 10Y*: 11.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ODV vs. UGOFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ODV Osisko Development Corp.	-29.51%	114.11%	-43.99%	-32.33%	-44.52%
UGOFX USAA Global Managed Volatility Fund	14.39%	16.72%	13.34%	19.81%	-2.24%

Correlation

The correlation between ODV and UGOFX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since May 27, 2022	0.26

The correlation between ODV and UGOFX shifts across timeframes, from 0.21 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ODV vs. UGOFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ODV

ODV Risk / Return Rank: 52
ODV Sharpe Ratio Rank: 53
ODV Sortino Ratio Rank: 52
ODV Omega Ratio Rank: 50
ODV Calmar Ratio Rank: 51
ODV Martin Ratio Rank: 52

UGOFX

UGOFX Risk / Return Rank: 69
UGOFX Sharpe Ratio Rank: 64
UGOFX Sortino Ratio Rank: 62
UGOFX Omega Ratio Rank: 62
UGOFX Calmar Ratio Rank: 77
UGOFX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ODV vs. UGOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osisko Development Corp. (ODV) and USAA Global Managed Volatility Fund (UGOFX). 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.

	ODV	UGOFX	Difference
Sharpe ratio: Return per unit of total volatility	0.28	2.16	-1.88
Sortino ratio: Return per unit of downside risk	0.83	3.02	-2.19
Omega ratio: Gain probability vs. loss probability	1.10	1.40	-0.30
Calmar ratio: Return relative to maximum drawdown	0.36	3.32	-2.96
Martin ratio: Return relative to average drawdown	0.84	13.97	-13.13

ODV vs. UGOFX - Sharpe Ratio Comparison

The current ODV Sharpe Ratio is 0.28, which is lower than the UGOFX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of ODV and UGOFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ODV vs. UGOFX - Drawdown Comparison

The maximum ODV drawdown since its inception was -84.00%, which is greater than UGOFX's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for ODV and UGOFX.

Drawdown Indicators

	ODV	UGOFX	Difference
Max Drawdown Largest peak-to-trough decline	-84.00%	-38.00%	-46.00%
Max Drawdown (1Y) Largest decline over 1 year	-49.58%	-7.95%	-41.63%
Max Drawdown (3Y) Largest decline over 3 years	-74.17%	-14.22%	-59.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.00%	—
Current Drawdown Current decline from peak	-68.26%	-0.16%	-68.10%
Average Drawdown Average peak-to-trough decline	-58.49%	-7.36%	-51.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.05%	1.89%	+19.16%

Volatility

ODV vs. UGOFX - Volatility Comparison

Osisko Development Corp. (ODV) has a higher volatility of 16.10% compared to USAA Global Managed Volatility Fund (UGOFX) at 5.12%. This indicates that ODV's price experiences larger fluctuations and is considered to be riskier than UGOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ODV	UGOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	5.12%	+10.98%
Volatility (6M) Calculated over the trailing 6-month period	45.53%	10.31%	+35.22%
Volatility (1Y) Calculated over the trailing 1-year period	62.89%	12.25%	+50.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.49%	20.24%	+42.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.49%	18.40%	+44.09%

Dividends

ODV vs. UGOFX - Dividend Comparison

ODV has not paid dividends to shareholders, while UGOFX's dividend yield for the trailing twelve months is around 17.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ODV Osisko Development Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UGOFX USAA Global Managed Volatility Fund	17.70%	20.24%	3.46%	1.77%	8.60%	24.98%	4.13%	4.16%	4.48%	1.99%	1.44%	1.05%

Frequently Asked Questions

Can I hold both ODV and UGOFX in my portfolio?

ODV and UGOFX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ODV or UGOFX?

ODV has higher volatility (16.10%) compared to UGOFX (5.12%). In terms of maximum drawdown, ODV dropped -84.00% vs UGOFX's -38.00%.

Which has better risk-adjusted returns?

UGOFX currently has the higher Sharpe Ratio (2.16 vs 0.28), 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.