OIDYX vs. VEU

Last updated Jun 5, 2026

OIDYX (Invesco International Diversified Fund) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, OIDYX returned 7.34%/yr vs 9.88%/yr for VEU. Their correlation of 0.94 suggests significant overlap in exposure. OIDYX charges 0.19%/yr vs 0.04%/yr for VEU.

Performance

OIDYX vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Diversified Fund (OIDYX) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OIDYX achieves a 12.02% return, which is significantly lower than VEU's 14.77% return. Over the past 10 years, OIDYX has underperformed VEU with an annualized return of 7.34%, while VEU has yielded a comparatively higher 9.88% annualized return.

OIDYX

• 1D: -1.04%
• 1M: 5.02%
• YTD: 12.02%
• 6M: 14.24%
• 1Y: 22.82%
• 3Y*: 11.50%
• 5Y*: 2.46%
• 10Y*: 7.34%

VEU

• 1D: 0.15%
• 1M: 3.74%
• YTD: 14.77%
• 6M: 17.23%
• 1Y: 31.73%
• 3Y*: 19.86%
• 5Y*: 8.71%
• 10Y*: 9.88%

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

OIDYX vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIDYX Invesco International Diversified Fund	12.02%	21.74%	-2.37%	15.74%	-25.05%	4.30%	20.82%	25.06%	-14.44%	32.75%
VEU Vanguard FTSE All-World ex-US ETF	14.77%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between OIDYX and VEU is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 9, 2007	0.94

The correlation between OIDYX and VEU has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

OIDYX vs. VEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OIDYX

OIDYX Risk / Return Rank: 35
OIDYX Sharpe Ratio Rank: 35
OIDYX Sortino Ratio Rank: 33
OIDYX Omega Ratio Rank: 34
OIDYX Calmar Ratio Rank: 35
OIDYX Martin Ratio Rank: 39

VEU

VEU Risk / Return Rank: 62
VEU Sharpe Ratio Rank: 64
VEU Sortino Ratio Rank: 63
VEU Omega Ratio Rank: 64
VEU Calmar Ratio Rank: 57
VEU Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OIDYX vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Diversified Fund (OIDYX) and Vanguard FTSE All-World ex-US ETF (VEU). 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.

	OIDYX	VEU	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.09	-0.43
Sortino ratio: Return per unit of downside risk	2.33	2.89	-0.56
Omega ratio: Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	2.17	2.79	-0.62
Martin ratio: Return relative to average drawdown	8.18	10.84	-2.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OIDYX vs. VEU - Sharpe Ratio Comparison

The current OIDYX Sharpe Ratio is 1.65, which is comparable to the VEU Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of OIDYX and VEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OIDYX	VEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	2.09	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.54	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.58	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.25	+0.12

Drawdowns

OIDYX vs. VEU - Drawdown Comparison

The maximum OIDYX drawdown since its inception was -58.32%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for OIDYX and VEU.

Drawdown Indicators

	OIDYX	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-61.52%	+3.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-11.43%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-13.69%	-3.90%
Max Drawdown (5Y) Largest decline over 5 years	-37.96%	-29.31%	-8.65%
Max Drawdown (10Y) Largest decline over 10 years	-37.96%	-34.98%	-2.98%
Current Drawdown Current decline from peak	-1.04%	-0.82%	-0.22%
Average Drawdown Average peak-to-trough decline	-12.17%	-13.13%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.93%	-0.01%

Volatility

OIDYX vs. VEU - Volatility Comparison

Invesco International Diversified Fund (OIDYX) and Vanguard FTSE All-World ex-US ETF (VEU) have volatilities of 5.23% and 5.45%, 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.

Volatility by Period

	OIDYX	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	5.45%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	13.04%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	15.28%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	16.06%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	17.20%	-0.69%

OIDYX vs. VEU - Expense Ratio Comparison

OIDYX has a 0.19% expense ratio, which is higher than VEU's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

OIDYX vs. VEU - Dividend Comparison

OIDYX's dividend yield for the trailing twelve months is around 31.19%, more than VEU's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OIDYX Invesco International Diversified Fund	31.19%	34.94%	5.44%	0.37%	14.77%	8.15%	1.17%	2.13%	1.18%	0.65%	0.71%	1.21%
VEU Vanguard FTSE All-World ex-US ETF	2.60%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both OIDYX and VEU in my portfolio?

With a correlation of 0.96, OIDYX and VEU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OIDYX or VEU?

VEU has higher volatility (5.45%) compared to OIDYX (5.23%). In terms of maximum drawdown, OIDYX dropped -58.32% vs VEU's -61.52%.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (2.09 vs 1.65), 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.