OPOCX vs. DSCGX
OPOCX (Invesco Discovery Fund) and DSCGX (DFA U.S. Small Cap Growth Portfolio) are both Small Cap Growth Equities funds. Over the past 10 years, OPOCX returned 15.03%/yr vs 10.40%/yr for DSCGX. Their correlation of 0.88 means they have usually moved in the same direction. OPOCX charges 1.01%/yr vs 0.32%/yr for DSCGX.
Performance
OPOCX vs. DSCGX - Performance Comparison
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Returns By Period
In the year-to-date period, OPOCX achieves a 21.34% return, which is significantly higher than DSCGX's 12.17% return. Over the past 10 years, OPOCX has outperformed DSCGX with an annualized return of 15.03%, while DSCGX has yielded a comparatively lower 10.40% annualized return.
OPOCX
- 1D
- 4.82%
- 1M
- -7.29%
- 6M
- 12.94%
- YTD
- 21.34%
- 1Y
- 38.60%
- 3Y*
- 20.84%
- 5Y*
- 7.87%
- 10Y*
- 15.03%
- ALL TIME*
- 11.20%
DSCGX
- 1D
- 1.07%
- 1M
- -0.67%
- 6M
- 7.45%
- YTD
- 12.17%
- 1Y
- 19.09%
- 3Y*
- 11.67%
- 5Y*
- 6.66%
- 10Y*
- 10.40%
- ALL TIME*
- 11.03%
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 |
OPOCX vs. DSCGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPOCX Invesco Discovery Fund | 21.34% | 16.77% | 22.61% | 17.02% | -31.26% | 14.78% | 50.33% | 36.81% | -4.15% | 29.04% |
DSCGX DFA U.S. Small Cap Growth Portfolio | 12.17% | 5.94% | 13.86% | 21.25% | -17.79% | 20.37% | 19.35% | 26.17% | -12.33% | 15.99% |
Correlation
The correlation between OPOCX and DSCGX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.88 |
The correlation between OPOCX and DSCGX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.
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Return for Risk
OPOCX vs. DSCGX — Risk / Return Rank
OPOCX
DSCGX
OPOCX vs. DSCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund (OPOCX) and DFA U.S. Small Cap Growth Portfolio (DSCGX). 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.
| OPOCX | DSCGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.46 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.93 | 5.07 | +3.86 |
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Drawdowns
OPOCX vs. DSCGX - Drawdown Comparison
The maximum OPOCX drawdown since its inception was -64.17%, which is greater than DSCGX's maximum drawdown of -41.44%. Use the drawdown chart below to compare losses from any high point for OPOCX and DSCGX.
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Drawdown Indicators
| OPOCX | DSCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.17% | -41.44% | -22.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.69% | -10.99% | -5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -28.60% | -24.46% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -43.27% | -31.32% | -11.95% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | -41.44% | -1.83% |
Current DrawdownCurrent decline from peak | -12.67% | -1.68% | -10.99% |
Average DrawdownAverage peak-to-trough decline | -18.81% | -7.14% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 3.16% | +0.75% |
Volatility
OPOCX vs. DSCGX - Volatility Comparison
Invesco Discovery Fund (OPOCX) has a higher volatility of 10.43% compared to DFA U.S. Small Cap Growth Portfolio (DSCGX) at 3.52%. This indicates that OPOCX's price experiences larger fluctuations and is considered to be riskier than DSCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPOCX | DSCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 3.52% | +6.91% |
Volatility (6M)Calculated over the trailing 6-month period | 23.10% | 11.88% | +11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.66% | 16.69% | +10.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.98% | 20.36% | +5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.13% | 21.71% | +3.42% |
OPOCX vs. DSCGX - Expense Ratio Comparison
OPOCX has a 1.01% expense ratio, which is higher than DSCGX's 0.32% expense ratio.
Dividends
OPOCX vs. DSCGX - Dividend Comparison
OPOCX's dividend yield for the trailing twelve months is around 11.05%, more than DSCGX's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSCGX DFA U.S. Small Cap Growth Portfolio | 0.55% | 0.60% | 0.62% | 0.72% | 4.08% | 3.27% | 0.58% | 1.28% | 5.44% | 1.50% | 1.12% | 1.20% |
OPOCX Invesco Discovery Fund | 11.05% | 13.41% | 6.86% | 0.00% | 0.00% | 20.51% | 11.22% | 6.42% | 18.85% | 12.46% | 4.33% | 6.84% |
Frequently Asked Questions
OPOCX and DSCGX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPOCX has higher volatility (10.43%) compared to DSCGX (3.52%). In terms of maximum drawdown, OPOCX dropped -64.17% vs DSCGX's -41.44%.
OPOCX currently has the higher Sharpe Ratio (1.27 vs 0.96), 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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