OPOCX vs. WFDDX
OPOCX (Invesco Discovery Fund) and WFDDX (Allspring Discovery SMID Cap Growth Fund) are both mutual funds - OPOCX is a Small Cap Growth Equities fund managed by Invesco, while WFDDX is a Mid Cap Growth Equities fund managed by Allspring. Over the past 10 years, OPOCX returned 15.14%/yr vs 11.93%/yr for WFDDX. Their correlation of 0.95 means they have usually moved in the same direction. OPOCX charges 1.01%/yr vs 1.11%/yr for WFDDX.
Performance
OPOCX vs. WFDDX - Performance Comparison
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Returns By Period
In the year-to-date period, OPOCX achieves a 20.77% return, which is significantly higher than WFDDX's 8.56% return. Over the past 10 years, OPOCX has outperformed WFDDX with an annualized return of 15.14%, while WFDDX has yielded a comparatively lower 11.93% annualized return.
OPOCX
- 1D
- -0.47%
- 1M
- -7.73%
- 6M
- 10.91%
- YTD
- 20.77%
- 1Y
- 37.94%
- 3Y*
- 20.79%
- 5Y*
- 7.77%
- 10Y*
- 15.14%
- ALL TIME*
- 11.19%
WFDDX
- 1D
- -0.29%
- 1M
- -7.56%
- 6M
- 6.93%
- YTD
- 8.56%
- 1Y
- 12.59%
- 3Y*
- 11.15%
- 5Y*
- -1.48%
- 10Y*
- 11.93%
- ALL TIME*
- 10.43%
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. WFDDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPOCX Invesco Discovery Fund | 20.77% | 16.77% | 22.61% | 17.02% | -31.26% | 14.78% | 50.33% | 36.81% | -4.15% | 29.04% |
WFDDX Allspring Discovery SMID Cap Growth Fund | 8.56% | 5.51% | 18.05% | 20.25% | -37.83% | -6.10% | 61.81% | 61.34% | -6.95% | 29.27% |
Correlation
The correlation between OPOCX and WFDDX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2005 | 0.95 |
The correlation between OPOCX and WFDDX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
OPOCX vs. WFDDX — Risk / Return Rank
OPOCX
WFDDX
OPOCX vs. WFDDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Fund (OPOCX) and Allspring Discovery SMID Cap Growth Fund (WFDDX). 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 | WFDDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.75 | +1.43 |
| Martin ratioReturn relative to average drawdown | 9.07 | 2.42 | +6.65 |
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Drawdowns
OPOCX vs. WFDDX - Drawdown Comparison
The maximum OPOCX drawdown since its inception was -64.17%, which is greater than WFDDX's maximum drawdown of -59.22%. Use the drawdown chart below to compare losses from any high point for OPOCX and WFDDX.
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Drawdown Indicators
| OPOCX | WFDDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.17% | -59.22% | -4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -16.69% | -14.77% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -28.60% | -27.05% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -43.27% | -59.22% | +15.95% |
Max Drawdown (10Y)Largest decline over 10 years | -43.27% | -59.22% | +15.95% |
Current DrawdownCurrent decline from peak | -13.09% | -27.70% | +14.61% |
Average DrawdownAverage peak-to-trough decline | -18.81% | -16.32% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 4.55% | -0.55% |
Volatility
OPOCX vs. WFDDX - Volatility Comparison
Invesco Discovery Fund (OPOCX) has a higher volatility of 10.24% compared to Allspring Discovery SMID Cap Growth Fund (WFDDX) at 6.73%. This indicates that OPOCX's price experiences larger fluctuations and is considered to be riskier than WFDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPOCX | WFDDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 6.73% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 23.10% | 18.67% | +4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.65% | 22.51% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.97% | 33.52% | -7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.13% | 29.32% | -4.19% |
OPOCX vs. WFDDX - Expense Ratio Comparison
OPOCX has a 1.01% expense ratio, which is lower than WFDDX's 1.11% expense ratio.
Dividends
OPOCX vs. WFDDX - Dividend Comparison
OPOCX's dividend yield for the trailing twelve months is around 11.11%, less than WFDDX's 15.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPOCX Invesco Discovery Fund | 11.11% | 13.41% | 6.86% | 0.00% | 0.00% | 20.51% | 11.22% | 6.42% | 18.85% | 12.46% | 4.33% | 6.84% |
WFDDX Allspring Discovery SMID Cap Growth Fund | 15.81% | 17.17% | 9.33% | 0.00% | 1.35% | 36.45% | 4.93% | 26.87% | 19.12% | 17.95% | 1.32% | 8.92% |
Frequently Asked Questions
With a correlation of 0.92, OPOCX and WFDDX 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.
OPOCX has higher volatility (10.24%) compared to WFDDX (6.73%). In terms of maximum drawdown, OPOCX dropped -64.17% vs WFDDX's -59.22%.
OPOCX currently has the higher Sharpe Ratio (1.31 vs 0.49), 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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