ODVIX vs. FIQGX
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. FIQGX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
ODVIX vs. FIQGX - Performance Comparison
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ODVIX vs. FIQGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ODVIX Invesco Developing Markets Fund Class R6 | 3.09% | 28.84% | -0.98% | 11.55% | -24.85% | -7.17% | 17.66% | 24.58% | -1.45% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 6.15% | 31.96% | -3.54% | 20.94% | -11.74% | 6.86% | 17.11% | 19.81% | -1.18% |
Returns By Period
In the year-to-date period, ODVIX achieves a 3.09% return, which is significantly lower than FIQGX's 6.15% return.
ODVIX
- 1D
- 3.00%
- 1M
- -8.11%
- YTD
- 3.09%
- 6M
- 7.50%
- 1Y
- 29.09%
- 3Y*
- 9.63%
- 5Y*
- -0.06%
- 10Y*
- 6.48%
FIQGX
- 1D
- 1.90%
- 1M
- -6.09%
- YTD
- 6.15%
- 6M
- 11.78%
- 1Y
- 36.85%
- 3Y*
- 15.79%
- 5Y*
- 7.98%
- 10Y*
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ODVIX vs. FIQGX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is lower than FIQGX's 1.05% expense ratio.
Return for Risk
ODVIX vs. FIQGX — Risk / Return Rank
ODVIX
FIQGX
ODVIX vs. FIQGX - 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 Z (FIQGX). 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 | FIQGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 2.64 | -0.93 |
Sortino ratioReturn per unit of downside risk | 2.25 | 3.28 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.50 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.70 | -1.47 |
Martin ratioReturn relative to average drawdown | 8.70 | 14.41 | -5.71 |
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 | FIQGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.64 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.57 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.64 | -0.32 |
Correlation
The correlation between ODVIX and FIQGX is 0.86, 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. FIQGX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 42.34%, more than FIQGX's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ODVIX Invesco Developing Markets Fund Class R6 | 42.34% | 43.65% | 0.42% | 0.95% | 1.18% | 5.56% | 0.35% | 2.61% | 0.80% | 0.73% | 0.72% | 0.99% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 4.59% | 4.87% | 4.07% | 2.20% | 1.86% | 12.04% | 0.71% | 1.22% | 2.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
ODVIX vs. FIQGX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -45.88%, which is greater than FIQGX's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for ODVIX and FIQGX.
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Drawdown Indicators
| ODVIX | FIQGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.88% | -38.41% | -7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -9.94% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -45.17% | -27.36% | -17.81% |
Max Drawdown (10Y)Largest decline over 10 years | -45.88% | — | — |
Current DrawdownCurrent decline from peak | -9.42% | -7.83% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -7.02% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.55% | +0.53% |
Volatility
ODVIX vs. FIQGX - Volatility Comparison
Invesco Developing Markets Fund Class R6 (ODVIX) has a higher volatility of 8.44% compared to Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) at 6.78%. This indicates that ODVIX's price experiences larger fluctuations and is considered to be riskier than FIQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODVIX | FIQGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 6.78% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 9.92% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 14.45% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 14.01% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 16.77% | +0.98% |