ODVIX vs. IVNQX
ODVIX (Invesco Developing Markets Fund Class R6) and IVNQX (Invesco Nasdaq 100 Index Fund) are both mutual funds - ODVIX is a Emerging Markets Equities fund managed by Invesco, while IVNQX is a Large Cap Growth Equities fund tracking the Nasdaq-100 Index. Over the past 5 years, ODVIX returned 3.23%/yr vs 14.15%/yr for IVNQX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. ODVIX charges 0.88%/yr vs 0.29%/yr for IVNQX.
Performance
ODVIX vs. IVNQX - Performance Comparison
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Returns By Period
In the year-to-date period, ODVIX achieves a 15.60% return, which is significantly higher than IVNQX's 11.50% return.
ODVIX
- 1D
- 3.15%
- 1M
- 1.47%
- 6M
- 7.27%
- YTD
- 15.60%
- 1Y
- 35.83%
- 3Y*
- 12.15%
- 5Y*
- 3.23%
- 10Y*
- 7.17%
- ALL TIME*
- 6.06%
IVNQX
- 1D
- 3.35%
- 1M
- -4.16%
- 6M
- 10.20%
- YTD
- 11.50%
- 1Y
- 23.89%
- 3Y*
- 21.84%
- 5Y*
- 14.15%
- 10Y*
- —
- ALL TIME*
- 16.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ODVIX vs. IVNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ODVIX Invesco Developing Markets Fund Class R6 | 15.60% | 28.84% | -0.98% | 11.55% | -24.85% | -7.17% | 14.79% |
IVNQX Invesco Nasdaq 100 Index Fund | 11.50% | 20.77% | 25.43% | 54.62% | -32.05% | 26.75% | 8.46% |
Correlation
The correlation between ODVIX and IVNQX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.63 |
The correlation between ODVIX and IVNQX shifts across timeframes, from 0.63 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ODVIX vs. IVNQX — Risk / Return Rank
ODVIX
IVNQX
ODVIX vs. IVNQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and Invesco Nasdaq 100 Index Fund (IVNQX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ODVIX | IVNQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 1.76 | +1.01 |
| Martin ratioReturn relative to average drawdown | 8.34 | 5.65 | +2.69 |
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Drawdowns
ODVIX vs. IVNQX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -45.88%, which is greater than IVNQX's maximum drawdown of -34.83%. Use the drawdown chart below to compare losses from any high point for ODVIX and IVNQX.
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Drawdown Indicators
| ODVIX | IVNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.88% | -34.83% | -11.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -11.95% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.10% | -22.70% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -41.42% | -34.83% | -6.59% |
Max Drawdown (10Y)Largest decline over 10 years | -45.88% | — | — |
Current DrawdownCurrent decline from peak | -6.77% | -8.28% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -8.12% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 3.70% | +0.29% |
Volatility
ODVIX vs. IVNQX - Volatility Comparison
Invesco Developing Markets Fund Class R6 (ODVIX) and Invesco Nasdaq 100 Index Fund (IVNQX) have volatilities of 6.53% and 6.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODVIX | IVNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 6.87% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 15.96% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.44% | 19.38% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 22.99% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 22.61% | -4.53% |
ODVIX vs. IVNQX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is higher than IVNQX's 0.29% expense ratio.
Dividends
ODVIX vs. IVNQX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 37.76%, more than IVNQX's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 1.17% | 1.31% | 0.72% | 0.54% | 0.73% | 0.84% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ODVIX Invesco Developing Markets Fund Class R6 | 37.76% | 43.65% | 0.42% | 0.95% | 1.18% | 5.56% | 0.35% | 2.61% | 0.80% | 0.73% | 0.72% | 0.99% |
Frequently Asked Questions
ODVIX and IVNQX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVNQX has higher volatility (6.87%) compared to ODVIX (6.53%). In terms of maximum drawdown, ODVIX dropped -45.88% vs IVNQX's -34.83%.
ODVIX currently has the higher Sharpe Ratio (1.72 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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