ODVYX vs. COBYX

Last updated Aug 1, 2026

ODVYX (Invesco Developing Markets Fund Class Y) and COBYX (The Cook & Bynum Fund) are both Emerging Markets Equities funds. Over the past 10 years, ODVYX returned 7.00%/yr vs 4.78%/yr for COBYX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. ODVYX charges 1.05%/yr vs 1.49%/yr for COBYX.

Performance

ODVYX vs. COBYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Developing Markets Fund Class Y (ODVYX) and The Cook & Bynum Fund (COBYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ODVYX achieves a 15.52% return, which is significantly higher than COBYX's 11.82% return. Over the past 10 years, ODVYX has outperformed COBYX with an annualized return of 7.00%, while COBYX has yielded a comparatively lower 4.78% annualized return.

ODVYX

• 1D: 3.17%
• 1M: 1.49%
• 6M: 7.21%
• YTD: 15.52%
• 1Y: 35.66%
• 3Y*: 11.98%
• 5Y*: 3.08%
• 10Y*: 7.00%
• ALL TIME*: 7.68%

COBYX

• 1D: 0.46%
• 1M: 0.41%
• 6M: 8.19%
• YTD: 11.82%
• 1Y: 20.62%
• 3Y*: 7.48%
• 5Y*: 9.02%
• 10Y*: 4.78%
• ALL TIME*: 4.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COBYX The Cook & Bynum Fund	$0.00	$0.00	$0.00
ODVYX Invesco Developing Markets Fund Class Y	$0.00	$0.00	$0.00

ODVYX vs. COBYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ODVYX Invesco Developing Markets Fund Class Y	15.52%	28.63%	-1.12%	11.40%	-24.97%	-7.29%	17.50%	24.35%	-11.93%	35.10%
COBYX The Cook & Bynum Fund	11.82%	20.50%	-10.32%	16.73%	9.28%	9.05%	-10.97%	9.40%	-13.40%	15.12%

Correlation

The correlation between ODVYX and COBYX is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.43
Correlation (5Y) Shows whether the relationship held over a longer period.	0.49
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.53

Over the past year, the correlation between ODVYX and COBYX has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

ODVYX vs. COBYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ODVYX

ODVYX Risk / Return Rank: 69
ODVYX Sharpe Ratio Rank: 70
ODVYX Sortino Ratio Rank: 63
ODVYX Omega Ratio Rank: 70
ODVYX Calmar Ratio Rank: 80
ODVYX Martin Ratio Rank: 61

COBYX

COBYX Risk / Return Rank: 66
COBYX Sharpe Ratio Rank: 71
COBYX Sortino Ratio Rank: 71
COBYX Omega Ratio Rank: 68
COBYX Calmar Ratio Rank: 66
COBYX Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ODVYX vs. COBYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class Y (ODVYX) and The Cook & Bynum Fund (COBYX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ODVYX	COBYX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.64	+0.06
Sortino ratio: Return per unit of downside risk	2.30	2.39	-0.08
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.75	2.17	+0.58
Martin ratio: Return relative to average drawdown	8.29	7.33	+0.96

ODVYX vs. COBYX - Sharpe Ratio Comparison

The current ODVYX Sharpe Ratio is 1.71, which is comparable to the COBYX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of ODVYX and COBYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ODVYX vs. COBYX - Drawdown Comparison

The maximum ODVYX drawdown since its inception was -61.49%, which is greater than COBYX's maximum drawdown of -34.18%. Use the drawdown chart below to compare losses from any high point for ODVYX and COBYX.

Drawdown Indicators

	ODVYX	COBYX	Difference
Max Drawdown Largest peak-to-trough decline	-61.49%	-34.18%	-27.31%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-8.95%	-3.12%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-16.29%	-1.88%
Max Drawdown (5Y) Largest decline over 5 years	-41.51%	-17.10%	-24.41%
Max Drawdown (10Y) Largest decline over 10 years	-46.02%	-34.18%	-11.84%
Current Drawdown Current decline from peak	-6.77%	-0.15%	-6.62%
Average Drawdown Average peak-to-trough decline	-14.48%	-6.74%	-7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	2.68%	+1.31%

Volatility

ODVYX vs. COBYX - Volatility Comparison

Invesco Developing Markets Fund Class Y (ODVYX) has a higher volatility of 6.56% compared to The Cook & Bynum Fund (COBYX) at 3.16%. This indicates that ODVYX's price experiences larger fluctuations and is considered to be riskier than COBYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ODVYX	COBYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	3.16%	+3.40%
Volatility (6M) Calculated over the trailing 6-month period	17.00%	9.77%	+7.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.46%	11.82%	+7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	13.96%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	13.67%	+4.41%

ODVYX vs. COBYX - Expense Ratio Comparison

ODVYX has a 1.05% expense ratio, which is lower than COBYX's 1.49% expense ratio.

Dividends

ODVYX vs. COBYX - Dividend Comparison

ODVYX's dividend yield for the trailing twelve months is around 37.31%, more than COBYX's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COBYX The Cook & Bynum Fund	1.05%	1.18%	0.00%	1.01%	1.16%	2.18%	0.32%	0.69%	12.60%	1.88%	5.09%	0.00%
ODVYX Invesco Developing Markets Fund Class Y	37.31%	43.10%	0.26%	0.81%	0.94%	5.40%	0.22%	2.43%	0.62%	0.57%	0.52%	0.75%

Frequently Asked Questions

Can I hold both ODVYX and COBYX in my portfolio?

ODVYX and COBYX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ODVYX or COBYX?

ODVYX has higher volatility (6.56%) compared to COBYX (3.16%). In terms of maximum drawdown, ODVYX dropped -61.49% vs COBYX's -34.18%.

Which has better risk-adjusted returns?

ODVYX currently has the higher Sharpe Ratio (1.71 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.