Invesco S&P 500 Index A (SPIAX) belongs to the S&P 500 category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SPIAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPIAX
SPIAX charges 0.54% annually. There are 28 mutual funds in the S&P 500 category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares S&P 500 Index Fund Class G | 0.01% | — | Jul 2019 | SPIAX vs BSPGX | |
| State Street Equity 500 Index Fund Class K | 0.02% | — | Sep 2014 | SPIAX vs SSSYX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.02% | 349.70B | Jul 1997 | SPIAX vs VIIIX | |
| Fidelity 500 Index Fund | 0.02% | — | Feb 1988 | SPIAX vs FXAIX | |
| Schwab S&P 500 Index Fund | 0.02% | 144.34B | May 1997 | SPIAX vs SWPPX |
Best Risk-Adjusted Alternatives to SPIAX
SPIAX has a PortfoliosLab risk / return rank of 55. There are 25 mutual funds in the S&P 500 category with higher risk-adjusted ranks, going as high as 69.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Equally-Weighted S&P 500 Fund | 69 | — | Jul 1997 | SPIAX vs VADDX | |
| Fidelity 500 Index Fund | 64 | — | Feb 1988 | SPIAX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 63 | 349.70B | Jul 1997 | SPIAX vs VIIIX | |
| Schwab S&P 500 Index Fund | 63 | 144.34B | May 1997 | SPIAX vs SWPPX | |
| Vanguard 500 Index Fund Admiral Shares | 63 | 1.70T | Nov 2000 | SPIAX vs VFIAX |
Top Performing SPIAX Alternatives (YTD)
SPIAX is at 9.04% YTD. There are 29 mutual funds in the S&P 500 category with higher YTD returns, going as high as 13.28%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Equally-Weighted S&P 500 Fund | 13.28% | — | Jul 1997 | SPIAX vs VADDX | |
| Direxion Monthly S&P 500 Bull 1.75X Fund | 12.36% | — | May 2006 | SPIAX vs DXSLX | |
| CBOE Vest S&P 500 Dividend Aristocrats Target Inco... | 9.49% | — | Sep 2017 | SPIAX vs KNGLX | |
| Victory 500 Index Fund | 9.38% | — | May 2002 | SPIAX vs USPRX | |
| iShares S&P 500 Index Fund Class G | 9.35% | — | Jul 2019 | SPIAX vs BSPGX |
Lowest Volatility Alternatives to SPIAX
SPIAX has 12.89% 1-year volatility. There are 30 mutual funds in the S&P 500 category with lower 1-year volatility, going as low as 11.38%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| CBOE Vest S&P 500 Dividend Aristocrats Target Inco... | 11.38% | — | Sep 2017 | SPIAX vs KNGLX | |
| Invesco Equally-Weighted S&P 500 Fund | 11.79% | — | Jul 1997 | SPIAX vs VADDX | |
| Shelton Capital Management S&P 500 Index Fund | 12.80% | — | Apr 1992 | SPIAX vs SPFIX | |
| CYBER HORNET S&P 500 | 12.83% | — | Mar 2017 | SPIAX vs INDEX | |
| Principal LargeCap S&P 500 Index Fund Class A | 12.84% | — | Feb 2001 | SPIAX vs PLSAX |
Lowest Drawdown Alternatives to SPIAX
SPIAX has a 1-year max drawdown of -8.97%. There are 25 mutual funds in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -7.88%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Equally-Weighted S&P 500 Fund | -7.88% | — | Jul 1997 | SPIAX vs VADDX | |
| State Street Equity 500 Index Fund Class K | -8.88% | — | Sep 2014 | SPIAX vs SSSYX | |
| Fidelity 500 Index Fund | -8.89% | — | Feb 1988 | SPIAX vs FXAIX | |
| Schwab S&P 500 Index Fund | -8.89% | 144.34B | May 1997 | SPIAX vs SWPPX | |
| iShares S&P 500 Index Fund Class K | -8.90% | — | Jul 1993 | SPIAX vs WFSPX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 38 | 11.50% | — | Oct 2020 | SPIAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 68 | 13.11% | — | Jul 1997 | SPIAX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 35 | -8.91% | — | Jul 1983 | SPIAX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 8 | 2.06% | — | Jun 2005 | SPIAX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 74 | 14.48% | — | Jun 2001 | SPIAX vs VVOAX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 76 | 21.61% | — | Jun 1999 | SPIAX vs VSCAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 83 | 12.80% | — | Oct 1968 | SPIAX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 34 | 6.19% | — | Feb 1988 | SPIAX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 74 | 7.11% | — | Aug 1960 | SPIAX vs ACEIX | |
| Invesco Global Fund | Global Equities | 14 | 1.82% | — | Dec 1969 | SPIAX vs OPPAX |
Often Compared With SPIAX
Investors most often compare SPIAX with PLFIX, BSPIX, VOO. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare SPIAX with Any Fund or Stock
Compare SPIAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPIAX with funds that move differently
Invesco S&P 500 Index A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPIAX.
Explore SPIAX Diversifiers