OEGYX vs. IMCG
OEGYX (Invesco Discovery Mid Cap Growth Fund) and IMCG (iShares Morningstar Mid-Cap Growth ETF) are both Mid Cap Growth Equities funds. Over the past 10 years, OEGYX returned 14.25%/yr vs 14.87%/yr for IMCG. Their correlation of 0.93 suggests significant overlap in exposure. OEGYX charges 0.78%/yr vs 0.06%/yr for IMCG.
Performance
OEGYX vs. IMCG - Performance Comparison
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Returns By Period
In the year-to-date period, OEGYX achieves a 28.52% return, which is significantly higher than IMCG's 21.07% return. Both investments have delivered pretty close results over the past 10 years, with OEGYX having a 14.25% annualized return and IMCG not far ahead at 14.87%.
OEGYX
- 1D
- 1.54%
- 1M
- 5.32%
- YTD
- 28.52%
- 6M
- 25.54%
- 1Y
- 33.06%
- 3Y*
- 21.37%
- 5Y*
- 7.65%
- 10Y*
- 14.25%
IMCG
- 1D
- 0.43%
- 1M
- 5.66%
- YTD
- 21.07%
- 6M
- 18.85%
- 1Y
- 22.59%
- 3Y*
- 18.89%
- 5Y*
- 7.79%
- 10Y*
- 14.87%
OEGYX vs. IMCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OEGYX Invesco Discovery Mid Cap Growth Fund | 28.52% | 5.08% | 24.38% | 13.24% | -30.92% | 18.76% | 40.53% | 39.33% | -6.50% | 28.34% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 21.07% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
Correlation
The correlation between OEGYX and IMCG is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004 | 0.93 |
The correlation between OEGYX and IMCG has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
OEGYX vs. IMCG — Risk / Return Rank
OEGYX
IMCG
OEGYX vs. IMCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Mid Cap Growth Fund (OEGYX) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
| OEGYX | IMCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.23 | +1.19 |
| Martin ratioReturn relative to average drawdown | 12.21 | 8.50 | +3.71 |
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Drawdowns
OEGYX vs. IMCG - Drawdown Comparison
The maximum OEGYX drawdown since its inception was -53.44%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for OEGYX and IMCG.
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Drawdown Indicators
| OEGYX | IMCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.44% | -58.96% | +5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -10.17% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -28.58% | -21.92% | -6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -39.25% | -35.08% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -39.25% | -35.08% | -4.17% |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -9.20% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.66% | +0.17% |
Volatility
OEGYX vs. IMCG - Volatility Comparison
Invesco Discovery Mid Cap Growth Fund (OEGYX) and iShares Morningstar Mid-Cap Growth ETF (IMCG) have volatilities of 7.62% and 7.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OEGYX | IMCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 7.40% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 14.08% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 16.77% | +4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 20.37% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.14% | 20.59% | +1.55% |
OEGYX vs. IMCG - Expense Ratio Comparison
OEGYX has a 0.78% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Dividends
OEGYX vs. IMCG - Dividend Comparison
OEGYX's dividend yield for the trailing twelve months is around 5.80%, more than IMCG's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.62% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
OEGYX Invesco Discovery Mid Cap Growth Fund | 5.80% | 7.45% | 4.13% | 0.00% | 0.00% | 16.02% | 3.08% | 3.85% | 9.31% | 8.34% | 0.81% | 3.88% |
Frequently Asked Questions
OEGYX and IMCG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OEGYX has higher volatility (7.62%) compared to IMCG (7.40%). In terms of maximum drawdown, OEGYX dropped -53.44% vs IMCG's -58.96%.
OEGYX currently has the higher Sharpe Ratio (1.63 vs 1.36), 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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