ODVIX vs. ^GSPC
Compare and contrast key facts about Invesco Developing Markets Fund Class R6 (ODVIX) and S&P 500 (^GSPC).
ODVIX is managed by Invesco. It was launched on Dec 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODVIX or ^GSPC.
Correlation
The correlation between ODVIX and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
ODVIX:
-0.03
^GSPC:
0.49
ODVIX:
0.08
^GSPC:
0.81
ODVIX:
1.01
^GSPC:
1.12
ODVIX:
-0.01
^GSPC:
0.50
ODVIX:
-0.09
^GSPC:
2.00
ODVIX:
6.60%
^GSPC:
4.76%
ODVIX:
17.42%
^GSPC:
19.36%
ODVIX:
-48.46%
^GSPC:
-56.78%
ODVIX:
-31.70%
^GSPC:
-8.79%
Returns By Period
In the year-to-date period, ODVIX achieves a 2.81% return, which is significantly higher than ^GSPC's -4.72% return. Over the past 10 years, ODVIX has underperformed ^GSPC with an annualized return of 1.49%, while ^GSPC has yielded a comparatively higher 10.26% annualized return.
ODVIX
2.81%
-0.08%
-1.91%
1.31%
1.80%
1.49%
^GSPC
-4.72%
-0.51%
-1.78%
11.67%
14.69%
10.26%
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Risk-Adjusted Performance
ODVIX vs. ^GSPC — Risk-Adjusted Performance Rank
ODVIX
^GSPC
ODVIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class R6 (ODVIX) and S&P 500 (^GSPC). 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.
Drawdowns
ODVIX vs. ^GSPC - Drawdown Comparison
The maximum ODVIX drawdown since its inception was -48.46%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ODVIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ODVIX vs. ^GSPC - Volatility Comparison
The current volatility for Invesco Developing Markets Fund Class R6 (ODVIX) is 9.56%, while S&P 500 (^GSPC) has a volatility of 14.11%. This indicates that ODVIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.