OPOCX vs. VAFAX
Compare and contrast key facts about Invesco Discovery Fund (OPOCX) and Invesco American Franchise Fund Class A (VAFAX).
OPOCX is managed by Invesco. It was launched on Sep 11, 1986. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
OPOCX vs. VAFAX - Performance Comparison
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OPOCX vs. VAFAX - 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% |
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, OPOCX achieves a 6.39% return, which is significantly higher than VAFAX's -9.70% return. Both investments have delivered pretty close results over the past 10 years, with OPOCX having a 14.66% annualized return and VAFAX not far behind at 13.99%.
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%
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
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OPOCX vs. VAFAX - Expense Ratio Comparison
OPOCX has a 1.01% expense ratio, which is higher than VAFAX's 0.95% expense ratio.
Return for Risk
OPOCX vs. VAFAX — Risk / Return Rank
OPOCX
VAFAX
OPOCX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund (OPOCX) and Invesco American Franchise Fund Class A (VAFAX). 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 | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 0.63 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.06 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.84 | 0.65 | +2.19 |
Martin ratioReturn relative to average drawdown | 11.39 | 2.03 | +9.36 |
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 | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 0.63 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.31 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.63 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.53 | -0.04 |
Correlation
The correlation between OPOCX and VAFAX 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.
Dividends
OPOCX vs. VAFAX - Dividend Comparison
OPOCX's dividend yield for the trailing twelve months is around 12.61%, less than VAFAX's 15.61% 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% |
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
OPOCX vs. VAFAX - Drawdown Comparison
The maximum OPOCX drawdown since its inception was -64.17%, which is greater than VAFAX's maximum drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for OPOCX and VAFAX.
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Drawdown Indicators
| OPOCX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.17% | -48.48% | -15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.39% | -19.27% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -43.27% | -38.86% | -4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | -38.86% | -4.41% |
Current DrawdownCurrent decline from peak | -6.64% | -15.69% | +9.05% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -8.16% | -10.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 6.14% | -2.81% |
Volatility
OPOCX vs. VAFAX - Volatility Comparison
Invesco Discovery Fund (OPOCX) has a higher volatility of 12.58% compared to Invesco American Franchise Fund Class A (VAFAX) at 8.31%. This indicates that OPOCX's price experiences larger fluctuations and is considered to be riskier than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPOCX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 8.31% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 15.69% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.27% | 25.39% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.25% | 23.03% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 22.23% | +2.44% |