ODVIX vs. RNWGX
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and American Funds New World Fund® Class R-6 (RNWGX).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. RNWGX is managed by American Funds. It was launched on Aug 1, 2008.
Performance
ODVIX vs. RNWGX - Performance Comparison
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ODVIX vs. RNWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ODVIX Invesco Developing Markets Fund Class R6 | 3.09% | 28.84% | -0.98% | 11.55% | -24.85% | -7.17% | 17.66% | 24.58% | -11.78% | 35.33% |
RNWGX American Funds New World Fund® Class R-6 | -1.47% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 25.30% | 28.03% | -12.00% | 33.07% |
Returns By Period
In the year-to-date period, ODVIX achieves a 3.09% return, which is significantly higher than RNWGX's -1.47% return. Over the past 10 years, ODVIX has underperformed RNWGX with an annualized return of 6.48%, while RNWGX has yielded a comparatively higher 9.76% annualized 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%
RNWGX
- 1D
- 2.62%
- 1M
- -8.56%
- YTD
- -1.47%
- 6M
- 2.11%
- 1Y
- 24.01%
- 3Y*
- 13.88%
- 5Y*
- 4.79%
- 10Y*
- 9.76%
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ODVIX vs. RNWGX - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is higher than RNWGX's 0.57% expense ratio.
Return for Risk
ODVIX vs. RNWGX — Risk / Return Rank
ODVIX
RNWGX
ODVIX vs. RNWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and American Funds New World Fund® Class R-6 (RNWGX). 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 | RNWGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.59 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.19 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.83 | +0.39 |
Martin ratioReturn relative to average drawdown | 8.70 | 7.62 | +1.08 |
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 | RNWGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.59 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.32 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.61 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.46 | -0.14 |
Correlation
The correlation between ODVIX and RNWGX is 0.90, 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. RNWGX - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 42.34%, more than RNWGX's 6.18% 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% |
RNWGX American Funds New World Fund® Class R-6 | 6.18% | 6.09% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.05% | 2.71% | 2.26% | 1.37% | 1.04% |
Drawdowns
ODVIX vs. RNWGX - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -45.88%, which is greater than RNWGX's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for ODVIX and RNWGX.
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Drawdown Indicators
| ODVIX | RNWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.88% | -33.40% | -12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -13.00% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -45.17% | -33.40% | -11.77% |
Max Drawdown (10Y)Largest decline over 10 years | -45.88% | -33.40% | -12.48% |
Current DrawdownCurrent decline from peak | -9.42% | -10.73% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -8.12% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.13% | -0.05% |
Volatility
ODVIX vs. RNWGX - Volatility Comparison
Invesco Developing Markets Fund Class R6 (ODVIX) has a higher volatility of 8.44% compared to American Funds New World Fund® Class R-6 (RNWGX) at 7.09%. This indicates that ODVIX's price experiences larger fluctuations and is considered to be riskier than RNWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODVIX | RNWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 7.09% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 11.01% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 15.63% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 15.17% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 15.98% | +1.77% |