WFDDX vs. OPOCX
Compare and contrast key facts about Allspring Discovery SMID Cap Growth Fund (WFDDX) and Invesco Discovery Fund (OPOCX).
WFDDX is managed by Allspring Global Investments. It was launched on Apr 8, 2005. OPOCX is managed by Invesco. It was launched on Sep 11, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WFDDX or OPOCX.
Key characteristics
| WFDDX | OPOCX | |
|---|---|---|
| YTD Return | 25.89% | 33.23% |
| 1Y Return | 46.16% | 52.18% |
| 3Y Return (Ann) | -15.32% | -6.71% |
| 5Y Return (Ann) | -1.79% | 6.39% |
| 10Y Return (Ann) | -0.67% | 3.95% |
| Sharpe Ratio | 2.73 | 2.63 |
| Sortino Ratio | 3.68 | 3.46 |
| Omega Ratio | 1.46 | 1.44 |
| Calmar Ratio | 0.80 | 1.16 |
| Martin Ratio | 17.48 | 17.42 |
| Ulcer Index | 2.75% | 3.14% |
| Daily Std Dev | 17.63% | 20.77% |
| Max Drawdown | -64.36% | -71.60% |
| Current Drawdown | -41.91% | -19.42% |
Correlation
The correlation between WFDDX and OPOCX is 0.94, 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.
Performance
WFDDX vs. OPOCX - Performance Comparison
In the year-to-date period, WFDDX achieves a 25.89% return, which is significantly lower than OPOCX's 33.23% return. Over the past 10 years, WFDDX has underperformed OPOCX with an annualized return of -0.67%, while OPOCX has yielded a comparatively higher 3.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WFDDX vs. OPOCX - Expense Ratio Comparison
WFDDX has a 1.11% expense ratio, which is higher than OPOCX's 1.01% expense ratio.
Risk-Adjusted Performance
WFDDX vs. OPOCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Discovery SMID Cap Growth Fund (WFDDX) and Invesco Discovery Fund (OPOCX). 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.
Dividends
WFDDX vs. OPOCX - Dividend Comparison
Neither WFDDX nor OPOCX has paid dividends to shareholders.
Drawdowns
WFDDX vs. OPOCX - Drawdown Comparison
The maximum WFDDX drawdown since its inception was -64.36%, smaller than the maximum OPOCX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for WFDDX and OPOCX. For additional features, visit the drawdowns tool.
Volatility
WFDDX vs. OPOCX - Volatility Comparison
The current volatility for Allspring Discovery SMID Cap Growth Fund (WFDDX) is 5.61%, while Invesco Discovery Fund (OPOCX) has a volatility of 6.84%. This indicates that WFDDX experiences smaller price fluctuations and is considered to be less risky than OPOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.