ODVYX vs. DODFX

Last updated Aug 1, 2026

ODVYX (Invesco Developing Markets Fund Class Y) and DODFX (Dodge & Cox International Stock Fund) are both mutual funds - ODVYX is a Emerging Markets Equities fund actively managed by Invesco, while DODFX is a Foreign Large Cap Equities fund actively managed by Dodge & Cox. Both are actively managed. Over the past 10 years, ODVYX returned 7.00%/yr vs 10.93%/yr for DODFX. Their correlation of 0.82 means they have usually moved in the same direction. ODVYX charges 1.05%/yr vs 0.61%/yr for DODFX.

Performance

ODVYX vs. DODFX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with ODVYX having a 15.52% return and DODFX slightly lower at 14.76%. Over the past 10 years, ODVYX has underperformed DODFX with an annualized return of 7.00%, while DODFX has yielded a comparatively higher 10.93% 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%

DODFX

• 1D: 2.44%
• 1M: 0.80%
• 6M: 9.00%
• YTD: 14.76%
• 1Y: 30.90%
• 3Y*: 18.40%
• 5Y*: 12.68%
• 10Y*: 10.93%
• ALL TIME*: 8.38%

*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)
DODFX Dodge & Cox International Stock Fund	$0.00	$0.00	$0.00
ODVYX Invesco Developing Markets Fund Class Y	$0.00	$0.00	$0.00

ODVYX vs. DODFX - 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%
DODFX Dodge & Cox International Stock Fund	14.76%	38.77%	3.74%	16.70%	-6.78%	10.99%	5.15%	22.79%	-18.01%	23.95%

Correlation

The correlation between ODVYX and DODFX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Sep 7, 2005	0.82

The correlation between ODVYX and DODFX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

Return for Risk

ODVYX vs. DODFX — 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

DODFX

DODFX Risk / Return Rank: 82
DODFX Sharpe Ratio Rank: 84
DODFX Sortino Ratio Rank: 80
DODFX Omega Ratio Rank: 81
DODFX Calmar Ratio Rank: 80
DODFX Martin Ratio Rank: 82

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. DODFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Developing Markets Fund Class Y (ODVYX) and Dodge & Cox International Stock Fund (DODFX). 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	DODFX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.02	-0.31
Sortino ratio: Return per unit of downside risk	2.30	2.74	-0.44
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.75	2.59	+0.16
Martin ratio: Return relative to average drawdown	8.29	9.83	-1.54

ODVYX vs. DODFX - Sharpe Ratio Comparison

The current ODVYX Sharpe Ratio is 1.71, which is comparable to the DODFX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of ODVYX and DODFX, 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. DODFX - Drawdown Comparison

The maximum ODVYX drawdown since its inception was -61.49%, roughly equal to the maximum DODFX drawdown of -63.23%. Use the drawdown chart below to compare losses from any high point for ODVYX and DODFX.

Drawdown Indicators

	ODVYX	DODFX	Difference
Max Drawdown Largest peak-to-trough decline	-61.49%	-63.23%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-11.14%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-14.41%	-3.76%
Max Drawdown (5Y) Largest decline over 5 years	-41.51%	-24.52%	-16.99%
Max Drawdown (10Y) Largest decline over 10 years	-46.02%	-44.61%	-1.41%
Current Drawdown Current decline from peak	-6.77%	0.00%	-6.77%
Average Drawdown Average peak-to-trough decline	-14.48%	-11.59%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	2.93%	+1.06%

Volatility

ODVYX vs. DODFX - Volatility Comparison

Invesco Developing Markets Fund Class Y (ODVYX) has a higher volatility of 6.56% compared to Dodge & Cox International Stock Fund (DODFX) at 4.04%. This indicates that ODVYX's price experiences larger fluctuations and is considered to be riskier than DODFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ODVYX	DODFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	4.04%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	17.00%	12.45%	+4.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.46%	14.32%	+5.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	16.03%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	17.84%	+0.24%

ODVYX vs. DODFX - Expense Ratio Comparison

ODVYX has a 1.05% expense ratio, which is higher than DODFX's 0.61% expense ratio.

Dividends

ODVYX vs. DODFX - Dividend Comparison

ODVYX's dividend yield for the trailing twelve months is around 37.31%, more than DODFX's 4.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODFX Dodge & Cox International Stock Fund	4.40%	5.05%	2.25%	2.29%	2.23%	2.49%	4.21%	3.93%	2.93%	1.93%	3.66%	2.30%
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 DODFX in my portfolio?

ODVYX and DODFX have a correlation of 0.75, 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 DODFX?

ODVYX has higher volatility (6.56%) compared to DODFX (4.04%). In terms of maximum drawdown, ODVYX dropped -61.49% vs DODFX's -63.23%.

Which has better risk-adjusted returns?

DODFX currently has the higher Sharpe Ratio (2.02 vs 1.71), 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.