Correlation
The correlation between AADAX and SPY is 0.93, 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.
AADAX vs. SPY
Compare and contrast key facts about Invesco Select Risk: Growth Investor Fund (AADAX) and SPDR S&P 500 ETF (SPY).
AADAX is managed by Invesco. It was launched on Apr 29, 2004. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AADAX or SPY.
Performance
AADAX vs. SPY - Performance Comparison
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Key characteristics
AADAX:
0.46
SPY:
0.70
AADAX:
0.67
SPY:
1.02
AADAX:
1.09
SPY:
1.15
AADAX:
0.28
SPY:
0.68
AADAX:
1.37
SPY:
2.57
AADAX:
4.31%
SPY:
4.93%
AADAX:
14.35%
SPY:
20.42%
AADAX:
-60.57%
SPY:
-55.19%
AADAX:
-9.37%
SPY:
-3.55%
Returns By Period
In the year-to-date period, AADAX achieves a 3.59% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, AADAX has underperformed SPY with an annualized return of 2.34%, while SPY has yielded a comparatively higher 12.73% annualized return.
AADAX
3.59%
4.77%
-1.56%
6.52%
4.26%
3.35%
2.34%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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AADAX vs. SPY - Expense Ratio Comparison
AADAX has a 0.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AADAX vs. SPY — Risk-Adjusted Performance Rank
AADAX
SPY
AADAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Select Risk: Growth Investor Fund (AADAX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
AADAX vs. SPY - Dividend Comparison
AADAX's dividend yield for the trailing twelve months is around 4.50%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AADAX Invesco Select Risk: Growth Investor Fund | 4.50% | 4.66% | 2.08% | 5.86% | 6.35% | 11.65% | 9.73% | 2.44% | 1.84% | 1.13% | 1.59% | 1.78% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AADAX vs. SPY - Drawdown Comparison
The maximum AADAX drawdown since its inception was -60.57%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AADAX and SPY.
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Volatility
AADAX vs. SPY - Volatility Comparison
The current volatility for Invesco Select Risk: Growth Investor Fund (AADAX) is 3.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that AADAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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