ODVIX vs. SPY
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and SPDR S&P 500 ETF (SPY).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODVIX or SPY.
Correlation
The correlation between ODVIX and SPY 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. SPY - Performance Comparison
Key characteristics
ODVIX:
-0.03
SPY:
0.54
ODVIX:
0.08
SPY:
0.90
ODVIX:
1.01
SPY:
1.13
ODVIX:
-0.01
SPY:
0.58
ODVIX:
-0.09
SPY:
2.32
ODVIX:
6.60%
SPY:
4.69%
ODVIX:
17.42%
SPY:
20.01%
ODVIX:
-48.46%
SPY:
-55.19%
ODVIX:
-31.70%
SPY:
-8.61%
Returns By Period
In the year-to-date period, ODVIX achieves a 2.81% return, which is significantly higher than SPY's -4.42% return. Over the past 10 years, ODVIX has underperformed SPY with an annualized return of 1.49%, while SPY has yielded a comparatively higher 12.16% annualized return.
ODVIX
2.81%
-0.08%
-1.91%
1.31%
1.80%
1.49%
SPY
-4.42%
-0.45%
-1.16%
13.04%
16.32%
12.16%
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ODVIX vs. SPY - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ODVIX vs. SPY — Risk-Adjusted Performance Rank
ODVIX
SPY
ODVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 0.41%, less than SPY's 1.28% 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% | 5.56% | 0.35% | 2.61% | 0.80% | 0.73% | 0.72% | 0.99% | 2.56% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ODVIX vs. SPY - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -48.46%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ODVIX and SPY. For additional features, visit the drawdowns tool.
Volatility
ODVIX vs. SPY - Volatility Comparison
The current volatility for Invesco Developing Markets Fund Class R6 (ODVIX) is 9.56%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.00%. This indicates that ODVIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.