OEGYX vs. JSMD
Compare and contrast key facts about Invesco Discovery Mid Cap Growth Fund (OEGYX) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).
OEGYX is managed by Invesco. It was launched on Nov 1, 2000. JSMD is a passively managed fund by Janus Henderson that tracks the performance of the Janus Small Mid Cap Growth Alpha Index. It was launched on Feb 25, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OEGYX or JSMD.
Performance
OEGYX vs. JSMD - Performance Comparison
Returns By Period
In the year-to-date period, OEGYX achieves a 34.41% return, which is significantly higher than JSMD's 23.17% return.
OEGYX
34.41%
10.66%
16.78%
42.46%
7.64%
6.60%
JSMD
23.17%
11.64%
18.46%
35.99%
12.27%
N/A
Key characteristics
| OEGYX | JSMD | |
|---|---|---|
| Sharpe Ratio | 2.49 | 1.95 |
| Sortino Ratio | 3.35 | 2.76 |
| Omega Ratio | 1.43 | 1.33 |
| Calmar Ratio | 1.06 | 2.33 |
| Martin Ratio | 14.81 | 10.81 |
| Ulcer Index | 2.87% | 3.33% |
| Daily Std Dev | 17.08% | 18.47% |
| Max Drawdown | -58.27% | -38.98% |
| Current Drawdown | -14.16% | -0.39% |
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OEGYX vs. JSMD - Expense Ratio Comparison
OEGYX has a 0.78% expense ratio, which is higher than JSMD's 0.30% expense ratio.
Correlation
The correlation between OEGYX and JSMD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
OEGYX vs. JSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Mid Cap Growth Fund (OEGYX) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). 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.
Dividends
OEGYX vs. JSMD - Dividend Comparison
OEGYX has not paid dividends to shareholders, while JSMD's dividend yield for the trailing twelve months is around 0.33%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
OEGYX Invesco Discovery Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.33% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.37% |
Drawdowns
OEGYX vs. JSMD - Drawdown Comparison
The maximum OEGYX drawdown since its inception was -58.27%, which is greater than JSMD's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for OEGYX and JSMD. For additional features, visit the drawdowns tool.
Volatility
OEGYX vs. JSMD - Volatility Comparison
The current volatility for Invesco Discovery Mid Cap Growth Fund (OEGYX) is 5.93%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 6.76%. This indicates that OEGYX experiences smaller price fluctuations and is considered to be less risky than JSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.