ODVIX vs. FCNTX
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Contrafund Fund (FCNTX).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODVIX or FCNTX.
Correlation
The correlation between ODVIX and FCNTX 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
ODVIX vs. FCNTX - Performance Comparison
Key characteristics
ODVIX:
-0.03
FCNTX:
0.77
ODVIX:
0.08
FCNTX:
1.18
ODVIX:
1.01
FCNTX:
1.17
ODVIX:
-0.01
FCNTX:
0.85
ODVIX:
-0.09
FCNTX:
2.98
ODVIX:
6.60%
FCNTX:
5.62%
ODVIX:
17.42%
FCNTX:
21.80%
ODVIX:
-48.46%
FCNTX:
-48.74%
ODVIX:
-31.70%
FCNTX:
-9.48%
Returns By Period
In the year-to-date period, ODVIX achieves a 2.81% return, which is significantly higher than FCNTX's -2.05% return. Over the past 10 years, ODVIX has underperformed FCNTX with an annualized return of 1.49%, while FCNTX has yielded a comparatively higher 14.66% annualized return.
ODVIX
2.81%
-0.08%
-1.91%
1.31%
1.80%
1.49%
FCNTX
-2.05%
1.34%
1.80%
18.27%
18.23%
14.66%
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ODVIX vs. FCNTX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
ODVIX vs. FCNTX — Risk-Adjusted Performance Rank
ODVIX
FCNTX
ODVIX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Contrafund Fund (FCNTX). 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
ODVIX vs. FCNTX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 0.41%, more than FCNTX's 0.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODVIX Invesco Developing Markets Fund Class R6 | 0.41% | 0.42% | 0.95% | 1.18% | 5.56% | 0.35% | 2.61% | 0.80% | 0.73% | 0.72% | 0.99% | 2.56% |
FCNTX Fidelity Contrafund Fund | 0.06% | 0.08% | 0.48% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 5.54% | 0.30% | 0.31% | 7.55% |
Drawdowns
ODVIX vs. FCNTX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -48.46%, roughly equal to the maximum FCNTX drawdown of -48.74%. Use the drawdown chart below to compare losses from any high point for ODVIX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
ODVIX vs. FCNTX - Volatility Comparison
The current volatility for Invesco Developing Markets Fund Class R6 (ODVIX) is 9.56%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 14.45%. This indicates that ODVIX experiences smaller price fluctuations and is considered to be less risky than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.