AEDAX vs. FXAIX
Compare and contrast key facts about Invesco EQV European Equity Fund (AEDAX) and Fidelity 500 Index Fund (FXAIX).
AEDAX is managed by Invesco. It was launched on Nov 2, 1997. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AEDAX or FXAIX.
Correlation
The correlation between AEDAX and FXAIX is 0.72, 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
AEDAX vs. FXAIX - Performance Comparison
Key characteristics
AEDAX:
-0.52
FXAIX:
2.20
AEDAX:
-0.56
FXAIX:
2.93
AEDAX:
0.92
FXAIX:
1.41
AEDAX:
-0.42
FXAIX:
3.26
AEDAX:
-1.76
FXAIX:
14.39
AEDAX:
4.77%
FXAIX:
1.91%
AEDAX:
16.10%
FXAIX:
12.50%
AEDAX:
-60.46%
FXAIX:
-33.79%
AEDAX:
-19.90%
FXAIX:
-2.91%
Returns By Period
In the year-to-date period, AEDAX achieves a -9.97% return, which is significantly lower than FXAIX's 25.57% return. Over the past 10 years, AEDAX has underperformed FXAIX with an annualized return of 1.89%, while FXAIX has yielded a comparatively higher 12.86% annualized return.
AEDAX
-9.97%
-10.07%
-15.46%
-9.53%
-0.51%
1.89%
FXAIX
25.57%
0.00%
8.86%
26.21%
14.72%
12.86%
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AEDAX vs. FXAIX - Expense Ratio Comparison
AEDAX has a 1.37% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
AEDAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV European Equity Fund (AEDAX) and Fidelity 500 Index Fund (FXAIX). 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
AEDAX vs. FXAIX - Dividend Comparison
AEDAX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 0.88%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEDAX Invesco EQV European Equity Fund | 0.00% | 1.49% | 0.04% | 2.53% | 1.30% | 2.53% | 1.43% | 1.86% | 1.59% | 1.46% | 1.97% | 1.16% |
FXAIX Fidelity 500 Index Fund | 0.88% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
AEDAX vs. FXAIX - Drawdown Comparison
The maximum AEDAX drawdown since its inception was -60.46%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for AEDAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
AEDAX vs. FXAIX - Volatility Comparison
Invesco EQV European Equity Fund (AEDAX) has a higher volatility of 10.62% compared to Fidelity 500 Index Fund (FXAIX) at 3.70%. This indicates that AEDAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.