Invesco S&P 500 Index Fund (SPIDX) 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 SPIDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPIDX
SPIDX charges 0.29% annually. There are 16 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 | SPIDX vs BSPGX | |
| Fidelity 500 Index Fund | 0.02% | — | Feb 1988 | SPIDX vs FXAIX | |
| State Street Equity 500 Index Fund Class K | 0.02% | — | Sep 2014 | SPIDX vs SSSYX | |
| Schwab S&P 500 Index Fund | 0.02% | 143.85B | May 1997 | SPIDX vs SWPPX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.02% | 355.20B | Jul 1997 | SPIDX vs VIIIX |
Best Risk-Adjusted Alternatives to SPIDX
SPIDX has a PortfoliosLab risk / return rank of 64. There are 14 mutual funds in the S&P 500 category with higher risk-adjusted ranks, going as high as 65.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Institutional Investments Trust S&P 500 Index ... | 65 | — | Dec 2013 | SPIDX vs SPINX | |
| Fidelity 500 Index Fund | 65 | — | Feb 1988 | SPIDX vs FXAIX | |
| Vanguard Institutional Index Fund Institutional Pl... | 65 | 355.20B | Jul 1997 | SPIDX vs VIIIX | |
| Vanguard Institutional Index Fund Institutional Sh... | 65 | 355.20B | Jul 1990 | SPIDX vs VINIX | |
| State Street Equity 500 Index Fund Class K | 65 | — | Sep 2014 | SPIDX vs SSSYX |
Top Performing SPIDX Alternatives (YTD)
SPIDX is at 9.66% YTD. There are 16 mutual funds in the S&P 500 category with higher YTD returns, going as high as 13.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly S&P 500 Bull 1.75X Fund | 13.76% | — | May 2006 | SPIDX vs DXSLX | |
| Invesco Equally-Weighted S&P 500 Fund | 10.27% | — | Jul 1997 | SPIDX vs VADDX | |
| Victory 500 Index Fund | 10.00% | — | May 2002 | SPIDX vs USPRX | |
| Fidelity 500 Index Fund | 9.79% | — | Feb 1988 | SPIDX vs FXAIX | |
| iShares S&P 500 Index Fund Class G | 9.78% | — | Jul 2019 | SPIDX vs BSPGX |
Lowest Volatility Alternatives to SPIDX
SPIDX has 12.53% 1-year volatility. There are 29 mutual funds in the S&P 500 category with lower 1-year volatility, going as low as 9.33%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 9.33% | 236.88M | Feb 2016 | SPIDX vs PUTW | |
| CBOE Vest S&P 500 Dividend Aristocrats Target Inco... | 10.86% | — | Sep 2017 | SPIDX vs KNGLX | |
| Invesco Equally-Weighted S&P 500 Fund | 11.93% | — | Jul 1997 | SPIDX vs VADDX | |
| Shelton Capital Management S&P 500 Index Fund | 12.45% | — | Apr 1992 | SPIDX vs SPFIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | 12.45% | — | Nov 2005 | SPIDX vs SPXX |
Lowest Drawdown Alternatives to SPIDX
SPIDX has a 1-year max drawdown of -8.93%. There are 18 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 | SPIDX vs PUTW | |
| Invesco Equally-Weighted S&P 500 Fund | -7.88% | — | Jul 1997 | SPIDX vs VADDX | |
| State Street Equity 500 Index Fund Class K | -8.88% | — | Sep 2014 | SPIDX vs SSSYX | |
| Fidelity 500 Index Fund | -8.89% | — | Feb 1988 | SPIDX vs FXAIX | |
| Schwab S&P 500 Index Fund | -8.89% | 143.85B | May 1997 | SPIDX vs SWPPX |
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 | 71 | 20.39% | — | Oct 2020 | SPIDX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 43 | 10.14% | — | — | SPIDX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 23 | -3.25% | — | Jul 1983 | SPIDX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | 9.63% | — | Jun 2005 | SPIDX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 85 | 24.13% | — | Jun 2001 | SPIDX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 63 | 10.38% | — | Oct 1968 | SPIDX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 32.95% | — | Jun 1999 | SPIDX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 36 | 5.31% | — | Feb 1988 | SPIDX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 63 | 6.66% | — | Aug 1960 | SPIDX vs ACEIX | |
| Invesco Global Fund | Global Equities | 26 | 9.69% | — | Dec 1969 | SPIDX vs OPPAX |
Often Compared With SPIDX
Investors most often compare SPIDX with SPY, SPHQ, SCPIX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare SPIDX with Any Fund or Stock
Compare SPIDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPIDX with funds that move differently
Invesco S&P 500 Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPIDX.
Explore SPIDX Diversifiers