ODVIX vs. PZIEX
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. PZIEX is an actively managed fund by Pzena. It was launched on Mar 31, 2014.
Performance
ODVIX vs. PZIEX - Performance Comparison
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ODVIX vs. PZIEX - 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% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.56% | 35.49% | 4.54% | 20.73% | -5.67% | 6.65% | 8.43% | 13.57% | -10.23% | 29.98% |
Returns By Period
In the year-to-date period, ODVIX achieves a 0.09% return, which is significantly lower than PZIEX's 4.56% return. Over the past 10 years, ODVIX has underperformed PZIEX with an annualized return of 6.16%, while PZIEX has yielded a comparatively higher 11.43% 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%
PZIEX
- 1D
- -1.41%
- 1M
- -11.82%
- YTD
- 4.56%
- 6M
- 10.95%
- 1Y
- 33.26%
- 3Y*
- 18.81%
- 5Y*
- 10.19%
- 10Y*
- 11.43%
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ODVIX vs. PZIEX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is lower than PZIEX's 1.08% expense ratio.
Return for Risk
ODVIX vs. PZIEX — Risk / Return Rank
ODVIX
PZIEX
ODVIX vs. PZIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX). 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 | PZIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.07 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.52 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.40 | -0.54 |
Martin ratioReturn relative to average drawdown | 7.46 | 9.28 | -1.82 |
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 | PZIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.07 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.71 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.75 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.57 | -0.26 |
Correlation
The correlation between ODVIX and PZIEX is 0.71, 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. PZIEX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 43.61%, more than PZIEX's 4.60% 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% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.60% | 4.81% | 7.38% | 5.79% | 2.08% | 2.79% | 1.28% | 6.32% | 1.28% | 1.41% | 0.98% | 2.23% |
Drawdowns
ODVIX vs. PZIEX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -45.88%, roughly equal to the maximum PZIEX drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for ODVIX and PZIEX.
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Drawdown Indicators
| ODVIX | PZIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.88% | -44.59% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -12.73% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -45.17% | -25.38% | -19.79% |
Max Drawdown (10Y)Largest decline over 10 years | -45.88% | -44.59% | -1.29% |
Current DrawdownCurrent decline from peak | -12.05% | -12.73% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -9.64% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 3.29% | -0.07% |
Volatility
ODVIX vs. PZIEX - Volatility Comparison
Invesco Developing Markets Fund Class R6 (ODVIX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX) have volatilities of 7.68% and 7.69%, 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 | PZIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 7.69% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 11.62% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 15.48% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 14.51% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.73% | 15.31% | +2.42% |