ODVIX vs. VOO
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and Vanguard S&P 500 ETF (VOO).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODVIX or VOO.
Correlation
The correlation between ODVIX and VOO 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. VOO - Performance Comparison
Key characteristics
ODVIX:
-0.01
VOO:
0.55
ODVIX:
0.11
VOO:
0.89
ODVIX:
1.01
VOO:
1.13
ODVIX:
-0.00
VOO:
0.57
ODVIX:
-0.02
VOO:
2.26
ODVIX:
6.58%
VOO:
4.67%
ODVIX:
17.52%
VOO:
19.16%
ODVIX:
-48.46%
VOO:
-33.99%
ODVIX:
-31.82%
VOO:
-9.25%
Returns By Period
In the year-to-date period, ODVIX achieves a 2.63% return, which is significantly higher than VOO's -5.07% return. Over the past 10 years, ODVIX has underperformed VOO with an annualized return of 1.49%, while VOO has yielded a comparatively higher 12.19% annualized return.
ODVIX
2.63%
0.13%
-2.91%
1.13%
1.77%
1.49%
VOO
-5.07%
-0.81%
-3.75%
11.95%
16.26%
12.19%
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ODVIX vs. VOO - Expense Ratio Comparison
ODVIX has a 0.88% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ODVIX vs. VOO — Risk-Adjusted Performance Rank
ODVIX
VOO
ODVIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
ODVIX's dividend yield for the trailing twelve months is around 0.41%, less than VOO's 1.37% 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% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
ODVIX vs. VOO - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -48.46%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ODVIX and VOO. For additional features, visit the drawdowns tool.
Volatility
ODVIX vs. VOO - Volatility Comparison
The current volatility for Invesco Developing Markets Fund Class R6 (ODVIX) is 9.56%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.82%. This indicates that ODVIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.