OPOCX vs. VADDX
Compare and contrast key facts about Invesco Discovery Fund (OPOCX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
OPOCX is managed by Invesco. It was launched on Sep 11, 1986. VADDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 28, 1997.
Performance
OPOCX vs. VADDX - Performance Comparison
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OPOCX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPOCX Invesco Discovery Fund | 6.39% | 16.77% | 22.61% | 17.02% | -31.26% | 14.78% | 50.33% | 36.81% | -4.15% | 29.04% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 0.61% | 11.16% | 12.68% | 13.58% | -11.86% | 29.27% | 12.56% | 28.92% | -7.96% | 18.55% |
Returns By Period
In the year-to-date period, OPOCX achieves a 6.39% return, which is significantly higher than VADDX's 0.61% return. Over the past 10 years, OPOCX has outperformed VADDX with an annualized return of 14.66%, while VADDX has yielded a comparatively lower 10.94% annualized return.
OPOCX
- 1D
- 5.36%
- 1M
- -6.64%
- YTD
- 6.39%
- 6M
- 11.96%
- 1Y
- 40.33%
- 3Y*
- 18.87%
- 5Y*
- 5.87%
- 10Y*
- 14.66%
VADDX
- 1D
- 2.06%
- 1M
- -5.82%
- YTD
- 0.61%
- 6M
- 1.75%
- 1Y
- 12.48%
- 3Y*
- 11.64%
- 5Y*
- 7.70%
- 10Y*
- 10.94%
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OPOCX vs. VADDX - Expense Ratio Comparison
OPOCX has a 1.01% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
OPOCX vs. VADDX — Risk / Return Rank
OPOCX
VADDX
OPOCX vs. VADDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund (OPOCX) and Invesco Equally-Weighted S&P 500 Fund (VADDX). 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.
| OPOCX | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 0.74 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.15 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.84 | 0.93 | +1.90 |
Martin ratioReturn relative to average drawdown | 11.39 | 4.21 | +7.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPOCX | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 0.74 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.48 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.59 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.46 | +0.03 |
Correlation
The correlation between OPOCX and VADDX is 0.81, 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.
Dividends
OPOCX vs. VADDX - Dividend Comparison
OPOCX's dividend yield for the trailing twelve months is around 12.61%, more than VADDX's 10.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPOCX Invesco Discovery Fund | 12.61% | 13.41% | 6.86% | 0.00% | 0.00% | 20.51% | 11.22% | 6.42% | 18.85% | 12.46% | 4.33% | 6.84% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 10.03% | 10.09% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 0.30% | 2.98% |
Drawdowns
OPOCX vs. VADDX - Drawdown Comparison
The maximum OPOCX drawdown since its inception was -64.17%, which is greater than VADDX's maximum drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for OPOCX and VADDX.
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Drawdown Indicators
| OPOCX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.17% | -60.12% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -12.61% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.27% | -21.58% | -21.69% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | -39.39% | -3.88% |
Current DrawdownCurrent decline from peak | -6.64% | -5.99% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -7.03% | -11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.80% | +0.53% |
Volatility
OPOCX vs. VADDX - Volatility Comparison
Invesco Discovery Fund (OPOCX) has a higher volatility of 12.58% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 4.48%. This indicates that OPOCX's price experiences larger fluctuations and is considered to be riskier than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPOCX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 4.48% | +8.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 8.88% | +10.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.27% | 17.25% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.25% | 16.30% | +8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 18.54% | +6.13% |