ODVIX vs. FEDTX
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. FEDTX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
ODVIX vs. FEDTX - Performance Comparison
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ODVIX vs. FEDTX - 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 3.99% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
Returns By Period
In the year-to-date period, ODVIX achieves a 0.09% return, which is significantly lower than FEDTX's 3.99% return. Over the past 10 years, ODVIX has underperformed FEDTX with an annualized return of 6.16%, while FEDTX has yielded a comparatively higher 8.96% 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%
FEDTX
- 1D
- -0.75%
- 1M
- -9.25%
- YTD
- 3.99%
- 6M
- 10.01%
- 1Y
- 34.47%
- 3Y*
- 14.34%
- 5Y*
- 7.13%
- 10Y*
- 8.96%
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ODVIX vs. FEDTX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is lower than FEDTX's 1.76% expense ratio.
Return for Risk
ODVIX vs. FEDTX — Risk / Return Rank
ODVIX
FEDTX
ODVIX vs. FEDTX - 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 M (FEDTX). 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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.35 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.95 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.12 | -1.25 |
Martin ratioReturn relative to average drawdown | 7.46 | 12.26 | -4.80 |
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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.35 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.51 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.58 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.48 | -0.17 |
Correlation
The correlation between ODVIX and FEDTX is 0.84, 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. FEDTX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 43.61%, more than FEDTX's 4.14% 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.14% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Drawdowns
ODVIX vs. FEDTX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -45.88%, roughly equal to the maximum FEDTX drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for ODVIX and FEDTX.
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Drawdown Indicators
| ODVIX | FEDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.88% | -43.70% | -2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -9.94% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -45.17% | -27.91% | -17.26% |
Max Drawdown (10Y)Largest decline over 10 years | -45.88% | -43.70% | -2.18% |
Current DrawdownCurrent decline from peak | -12.05% | -9.62% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -9.26% | -5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.53% | +0.69% |
Volatility
ODVIX vs. FEDTX - 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 M (FEDTX) at 6.43%. This indicates that ODVIX's price experiences larger fluctuations and is considered to be riskier than FEDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODVIX | FEDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 6.43% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 9.71% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 14.32% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 13.96% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.73% | 15.63% | +2.10% |