ODVIX vs. FSGGX
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Global ex U.S. Index Fund (FSGGX).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. FSGGX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODVIX or FSGGX.
Correlation
The correlation between ODVIX and FSGGX 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. FSGGX - Performance Comparison
Key characteristics
ODVIX:
-0.01
FSGGX:
0.75
ODVIX:
0.11
FSGGX:
1.12
ODVIX:
1.01
FSGGX:
1.15
ODVIX:
-0.00
FSGGX:
0.90
ODVIX:
-0.02
FSGGX:
2.79
ODVIX:
6.58%
FSGGX:
4.28%
ODVIX:
17.52%
FSGGX:
16.05%
ODVIX:
-48.46%
FSGGX:
-34.76%
ODVIX:
-31.82%
FSGGX:
-0.38%
Returns By Period
In the year-to-date period, ODVIX achieves a 2.63% return, which is significantly lower than FSGGX's 9.50% return. Over the past 10 years, ODVIX has underperformed FSGGX with an annualized return of 1.49%, while FSGGX has yielded a comparatively higher 4.86% annualized return.
ODVIX
2.63%
0.13%
-2.91%
1.13%
1.77%
1.49%
FSGGX
9.50%
3.14%
5.22%
12.67%
10.80%
4.86%
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ODVIX vs. FSGGX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is higher than FSGGX's 0.06% expense ratio.
Risk-Adjusted Performance
ODVIX vs. FSGGX — Risk-Adjusted Performance Rank
ODVIX
FSGGX
ODVIX vs. FSGGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and Fidelity Global ex U.S. Index Fund (FSGGX). 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. FSGGX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 0.41%, less than FSGGX's 2.66% 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% | 0.57% | 0.35% | 0.70% | 0.80% | 0.73% | 0.72% | 0.99% | 0.85% |
FSGGX Fidelity Global ex U.S. Index Fund | 2.66% | 2.91% | 2.95% | 2.64% | 2.60% | 1.71% | 2.85% | 2.66% | 2.09% | 2.06% | 2.44% | 2.61% |
Drawdowns
ODVIX vs. FSGGX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -48.46%, which is greater than FSGGX's maximum drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for ODVIX and FSGGX. For additional features, visit the drawdowns tool.
Volatility
ODVIX vs. FSGGX - Volatility Comparison
The current volatility for Invesco Developing Markets Fund Class R6 (ODVIX) is 9.56%, while Fidelity Global ex U.S. Index Fund (FSGGX) has a volatility of 10.27%. This indicates that ODVIX experiences smaller price fluctuations and is considered to be less risky than FSGGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.