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 24 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 | |
| Schwab S&P 500 Index Fund | 0.02% | 145.00B | May 1997 | SPIAX vs SWPPX | |
| Fidelity 500 Index Fund | 0.02% | — | Feb 1988 | SPIAX vs FXAIX | |
| iShares S&P 500 Index Fund | 0.03% | — | Jul 1993 | SPIAX vs WFSPX | |
| Vanguard 500 Index Fund Admiral Shares | 0.04% | 1.60T | Nov 2000 | SPIAX vs VFIAX |
Best Risk-Adjusted Alternatives to SPIAX
SPIAX has a PortfoliosLab risk / return rank of 72. There are 14 mutual funds in the S&P 500 category with higher risk-adjusted ranks, going as high as 75.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DWS S&P 500 Index Fund | 75 | — | Aug 1997 | SPIAX vs SCPIX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 74 | — | Dec 2013 | SPIAX vs SPINX | |
| iShares S&P 500 Index Fund Class G | 74 | — | Jul 2019 | SPIAX vs BSPGX | |
| Principal Large Cap S&P 500 Index Fund Institution... | 74 | — | Mar 2001 | SPIAX vs PLFIX | |
| iShares S&P 500 Index Fund Institutional Class | 74 | — | Apr 1993 | SPIAX vs BSPIX |
Top Performing SPIAX Alternatives (YTD)
SPIAX is at 11.34% YTD. There are 21 mutual funds in the S&P 500 category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly S&P 500 Bull 1.75X Fund | 17.64% | — | May 2006 | SPIAX vs DXSLX | |
| Victory 500 Index Fund | 11.73% | — | May 2002 | SPIAX vs USPRX | |
| Fidelity 500 Index Fund | 11.71% | — | Feb 1988 | SPIAX vs FXAIX | |
| Vanguard 500 Index Fund Admiral Shares | 11.69% | 1.60T | Nov 2000 | SPIAX vs VFIAX | |
| Schwab S&P 500 Index Fund | 11.69% | 145.00B | May 1997 | SPIAX vs SWPPX |
Lowest Volatility Alternatives to SPIAX
SPIAX has 11.92% 1-year volatility. There are 27 mutual funds in the S&P 500 category with lower 1-year volatility, going as low as 8.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 8.86% | 236.88M | Feb 2016 | SPIAX vs PUTW | |
| CBOE Vest S&P 500 Dividend Aristocrats Target Inco... | 10.64% | — | Sep 2017 | SPIAX vs KNGLX | |
| Invesco Equally-Weighted S&P 500 Fund | 11.64% | — | Jul 1997 | SPIAX vs VADDX | |
| Shelton Capital Management S&P 500 Index Fund | 11.81% | — | Apr 1992 | SPIAX vs SPFIX | |
| SEI Institutional Managed Trust S&P 500 Index Fund | 11.83% | — | Feb 1996 | SPIAX vs SSPIX |
Lowest Drawdown Alternatives to SPIAX
SPIAX has a 1-year max drawdown of -8.97%. There are 22 mutual funds in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -7.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | -7.15% | 236.88M | Feb 2016 | SPIAX vs PUTW | |
| Invesco Equally-Weighted S&P 500 Fund | -7.88% | — | Jul 1997 | SPIAX vs VADDX | |
| Schwab S&P 500 Index Fund | -8.89% | 145.00B | May 1997 | SPIAX vs SWPPX | |
| Fidelity 500 Index Fund | -8.89% | — | Feb 1988 | SPIAX vs FXAIX | |
| Vanguard 500 Index Fund Admiral Shares | -8.90% | 1.60T | Nov 2000 | SPIAX vs VFIAX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 76 | 21.57% | — | Oct 2020 | SPIAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 41 | 9.93% | — | — | SPIAX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Precious Metals | 28 | 3.54% | — | Jul 1983 | SPIAX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 87 | 23.96% | — | Jun 2001 | SPIAX vs VVOAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | 9.63% | — | Jun 2005 | SPIAX vs VAFAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 59 | 9.14% | — | Oct 1968 | SPIAX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 41 | 6.01% | — | Feb 1988 | SPIAX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 31.33% | — | Jun 1999 | SPIAX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 67 | 6.02% | — | Aug 1960 | SPIAX vs ACEIX | |
| Invesco Global Fund | Global Equities | 25 | 9.82% | — | Dec 1969 | SPIAX vs OPPAX |
Often Compared With SPIAX
Investors most often compare SPIAX with VOO, BXMX, MIEYX. These 18 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