OEGAX vs. VHCOX
OEGAX (Invesco Discovery Mid Cap Growth Fund Class A) and VHCOX (Vanguard Capital Opportunity Fund Investor Shares) are both Mid Cap Growth Equities funds. Both are actively managed. Over the past 10 years, OEGAX returned 12.19%/yr vs 15.98%/yr for VHCOX. Their correlation of 0.88 means they have usually moved in the same direction. OEGAX charges 1.05%/yr vs 0.40%/yr for VHCOX.
Performance
OEGAX vs. VHCOX - Performance Comparison
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Returns By Period
In the year-to-date period, OEGAX achieves a 17.18% return, which is significantly lower than VHCOX's 20.17% return. Over the past 10 years, OEGAX has underperformed VHCOX with an annualized return of 12.19%, while VHCOX has yielded a comparatively higher 15.98% annualized return.
OEGAX
- 1D
- 3.55%
- 1M
- -3.40%
- 6M
- 11.22%
- YTD
- 17.18%
- 1Y
- 19.98%
- 3Y*
- 15.40%
- 5Y*
- 4.32%
- 10Y*
- 12.19%
- ALL TIME*
- 8.49%
VHCOX
- 1D
- 3.32%
- 1M
- -3.88%
- 6M
- 14.36%
- YTD
- 20.17%
- 1Y
- 43.29%
- 3Y*
- 22.22%
- 5Y*
- 12.69%
- 10Y*
- 15.98%
- ALL TIME*
- 13.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OEGAX vs. VHCOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OEGAX Invesco Discovery Mid Cap Growth Fund Class A | 17.18% | 4.85% | 24.09% | 12.96% | -31.09% | 18.44% | 40.12% | 38.98% | -6.72% | 27.95% |
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 20.17% | 25.74% | 14.00% | 25.55% | -17.61% | 20.85% | 22.73% | 27.20% | -3.76% | 28.28% |
Correlation
The correlation between OEGAX and VHCOX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2000 | 0.88 |
The correlation between OEGAX and VHCOX shifts across timeframes, from 0.74 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OEGAX vs. VHCOX — Risk / Return Rank
OEGAX
VHCOX
OEGAX vs. VHCOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Mid Cap Growth Fund Class A (OEGAX) and Vanguard Capital Opportunity Fund Investor Shares (VHCOX). 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.
| OEGAX | VHCOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.21 | -1.53 |
| Martin ratioReturn relative to average drawdown | 5.57 | 11.76 | -6.20 |
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Drawdowns
OEGAX vs. VHCOX - Drawdown Comparison
The maximum OEGAX drawdown since its inception was -53.73%, roughly equal to the maximum VHCOX drawdown of -54.76%. Use the drawdown chart below to compare losses from any high point for OEGAX and VHCOX.
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Drawdown Indicators
| OEGAX | VHCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.73% | -54.76% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.82% | -12.43% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -28.64% | -23.87% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -39.38% | -27.59% | -11.79% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -33.78% | -5.60% |
Current DrawdownCurrent decline from peak | -8.69% | -7.92% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -9.97% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.40% | 0.00% |
Volatility
OEGAX vs. VHCOX - Volatility Comparison
Invesco Discovery Mid Cap Growth Fund Class A (OEGAX) has a higher volatility of 7.78% compared to Vanguard Capital Opportunity Fund Investor Shares (VHCOX) at 6.81%. This indicates that OEGAX's price experiences larger fluctuations and is considered to be riskier than VHCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OEGAX | VHCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 6.81% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 18.56% | 17.10% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.46% | 20.13% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.62% | 20.40% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.30% | 20.51% | +1.79% |
OEGAX vs. VHCOX - Expense Ratio Comparison
OEGAX has a 1.05% expense ratio, which is higher than VHCOX's 0.40% expense ratio.
Dividends
OEGAX vs. VHCOX - Dividend Comparison
OEGAX's dividend yield for the trailing twelve months is around 7.76%, less than VHCOX's 8.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEGAX Invesco Discovery Mid Cap Growth Fund Class A | 7.76% | 9.10% | 4.95% | 0.00% | 0.00% | 18.94% | 3.55% | 4.40% | 10.54% | 9.32% | 0.89% | 4.27% |
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 8.00% | 9.62% | 8.16% | 2.33% | 9.26% | 10.44% | 9.10% | 6.41% | 12.11% | 3.87% | 5.66% | 5.30% |
Frequently Asked Questions
OEGAX and VHCOX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OEGAX has higher volatility (7.78%) compared to VHCOX (6.81%). In terms of maximum drawdown, OEGAX dropped -53.73% vs VHCOX's -54.76%.
VHCOX currently has the higher Sharpe Ratio (1.98 vs 0.84), 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.
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