ODVIX vs. CDDYX

Last updated Jul 11, 2026

ODVIX (Invesco Developing Markets Fund Class R6) and CDDYX (Columbia Dividend Income Fund Institutional 3 Class) are both mutual funds - ODVIX is a Emerging Markets Equities fund managed by Invesco, while CDDYX is a Large Cap Value Equities fund managed by Columbia. Over the past 10 years, ODVIX returned 7.41%/yr vs 12.63%/yr for CDDYX. A 0.60 correlation means they provide meaningful diversification when combined. ODVIX charges 0.88%/yr vs 0.55%/yr for CDDYX.

Performance

ODVIX vs. CDDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Developing Markets Fund Class R6 (ODVIX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ODVIX achieves a 15.54% return, which is significantly higher than CDDYX's 11.40% return. Over the past 10 years, ODVIX has underperformed CDDYX with an annualized return of 7.41%, while CDDYX has yielded a comparatively higher 12.63% annualized return.

ODVIX

• 1D: -0.30%
• 1M: -2.51%
• 6M: 11.25%
• YTD: 15.54%
• 1Y: 33.52%
• 3Y*: 14.12%
• 5Y*: 2.22%
• 10Y*: 7.41%

CDDYX

• 1D: 0.12%
• 1M: 1.25%
• 6M: 8.59%
• YTD: 11.40%
• 1Y: 20.15%
• 3Y*: 16.89%
• 5Y*: 11.20%
• 10Y*: 12.63%

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

ODVIX vs. CDDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ODVIX Invesco Developing Markets Fund Class R6	15.54%	28.84%	-0.98%	11.55%	-24.85%	-7.17%	17.66%	24.58%	-11.78%	35.33%
CDDYX Columbia Dividend Income Fund Institutional 3 Class	11.40%	15.95%	15.17%	10.65%	-4.84%	26.43%	7.92%	28.74%	-4.27%	20.34%

Correlation

The correlation between ODVIX and CDDYX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.60

The correlation between ODVIX and CDDYX shifts across timeframes, from 0.43 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ODVIX vs. CDDYX — Risk / Return Rank

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

ODVIX

ODVIX Risk / Return Rank: 66
ODVIX Sharpe Ratio Rank: 67
ODVIX Sortino Ratio Rank: 57
ODVIX Omega Ratio Rank: 68
ODVIX Calmar Ratio Rank: 78
ODVIX Martin Ratio Rank: 63

CDDYX

CDDYX Risk / Return Rank: 86
CDDYX Sharpe Ratio Rank: 85
CDDYX Sortino Ratio Rank: 84
CDDYX Omega Ratio Rank: 80
CDDYX Calmar Ratio Rank: 91
CDDYX Martin Ratio Rank: 91

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.

ODVIX vs. CDDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and Columbia Dividend Income Fund Institutional 3 Class (CDDYX). 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.

	ODVIX	CDDYX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.24	-0.44
Sortino ratio: Return per unit of downside risk	2.39	3.24	-0.85
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.06
Calmar ratio: Return relative to maximum drawdown	2.82	3.72	-0.89
Martin ratio: Return relative to average drawdown	9.51	13.99	-4.48

ODVIX vs. CDDYX - Sharpe Ratio Comparison

The current ODVIX Sharpe Ratio is 1.80, which is comparable to the CDDYX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of ODVIX and CDDYX, 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

ODVIX vs. CDDYX - Drawdown Comparison

The maximum ODVIX drawdown since its inception was -45.88%, which is greater than CDDYX's maximum drawdown of -32.74%. Use the drawdown chart below to compare losses from any high point for ODVIX and CDDYX.

Drawdown Indicators

	ODVIX	CDDYX	Difference
Max Drawdown Largest peak-to-trough decline	-45.88%	-32.74%	-13.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-5.51%	-6.54%
Max Drawdown (3Y) Largest decline over 3 years	-18.10%	-12.99%	-5.11%
Max Drawdown (5Y) Largest decline over 5 years	-42.48%	-16.91%	-25.57%
Max Drawdown (10Y) Largest decline over 10 years	-45.88%	-32.74%	-13.14%
Current Drawdown Current decline from peak	-6.81%	-0.15%	-6.66%
Average Drawdown Average peak-to-trough decline	-14.51%	-2.75%	-11.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	1.46%	+2.10%

Volatility

ODVIX vs. CDDYX - Volatility Comparison

Invesco Developing Markets Fund Class R6 (ODVIX) has a higher volatility of 7.81% compared to Columbia Dividend Income Fund Institutional 3 Class (CDDYX) at 2.60%. This indicates that ODVIX's price experiences larger fluctuations and is considered to be riskier than CDDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ODVIX	CDDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.81%	2.60%	+5.21%
Volatility (6M) Calculated over the trailing 6-month period	16.51%	6.91%	+9.60%
Volatility (1Y) Calculated over the trailing 1-year period	18.92%	9.14%	+9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.25%	13.25%	+5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	15.65%	+2.38%

ODVIX vs. CDDYX - Expense Ratio Comparison

ODVIX has a 0.88% expense ratio, which is higher than CDDYX's 0.55% expense ratio.

Dividends

ODVIX vs. CDDYX - Dividend Comparison

ODVIX's dividend yield for the trailing twelve months is around 37.78%, more than CDDYX's 4.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDDYX Columbia Dividend Income Fund Institutional 3 Class	4.83%	5.33%	5.99%	4.96%	3.90%	2.93%	1.85%	3.28%	7.65%	4.03%	3.84%	8.35%
ODVIX Invesco Developing Markets Fund Class R6	37.78%	43.65%	0.42%	0.95%	1.18%	5.56%	0.35%	2.61%	0.80%	0.73%	0.72%	0.99%

Frequently Asked Questions

Can I hold both ODVIX and CDDYX in my portfolio?

ODVIX and CDDYX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ODVIX or CDDYX?

ODVIX has higher volatility (7.81%) compared to CDDYX (2.60%). In terms of maximum drawdown, ODVIX dropped -45.88% vs CDDYX's -32.74%.

Which has better risk-adjusted returns?

CDDYX currently has the higher Sharpe Ratio (2.24 vs 1.80), 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.