ODVIX vs. FEDAX
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
ODVIX vs. FEDAX - Performance Comparison
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ODVIX vs. FEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ODVIX Invesco Developing Markets Fund Class R6 | 0.09% | 28.84% | -0.98% | 11.55% | -24.85% | -7.17% | 17.66% | 24.58% | -11.78% | 35.33% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, ODVIX achieves a 0.09% return, which is significantly lower than FEDAX's 4.10% return. Over the past 10 years, ODVIX has underperformed FEDAX with an annualized return of 6.16%, while FEDAX has yielded a comparatively higher 9.23% annualized return.
ODVIX
- 1D
- -0.64%
- 1M
- -11.64%
- YTD
- 0.09%
- 6M
- 5.06%
- 1Y
- 25.81%
- 3Y*
- 8.56%
- 5Y*
- -0.30%
- 10Y*
- 6.16%
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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ODVIX vs. FEDAX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
ODVIX vs. FEDAX — Risk / Return Rank
ODVIX
FEDAX
ODVIX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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.
| ODVIX | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.36 | -0.89 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.95 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.15 | -1.29 |
Martin ratioReturn relative to average drawdown | 7.46 | 12.43 | -4.97 |
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
| ODVIX | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.36 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.53 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.59 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.49 | -0.19 |
Correlation
The correlation between ODVIX and FEDAX is 0.85, 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
ODVIX vs. FEDAX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 43.61%, more than FEDAX's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODVIX Invesco Developing Markets Fund Class R6 | 43.61% | 43.65% | 0.42% | 0.95% | 1.18% | 5.56% | 0.35% | 2.61% | 0.80% | 0.73% | 0.72% | 0.99% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
ODVIX vs. FEDAX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -45.88%, which is greater than FEDAX's maximum drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for ODVIX and FEDAX.
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Drawdown Indicators
| ODVIX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.88% | -43.35% | -2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -9.95% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -45.17% | -27.68% | -17.49% |
Max Drawdown (10Y)Largest decline over 10 years | -45.88% | -43.35% | -2.53% |
Current DrawdownCurrent decline from peak | -12.05% | -9.58% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -9.06% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.52% | +0.70% |
Volatility
ODVIX vs. FEDAX - Volatility Comparison
Invesco Developing Markets Fund Class R6 (ODVIX) has a higher volatility of 7.68% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.48%. This indicates that ODVIX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODVIX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 6.48% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 9.76% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 14.38% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 13.98% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.73% | 15.67% | +2.06% |