AIIEX vs. VOO
AIIEX (Invesco EQV International Equity Fund) and VOO (Vanguard S&P 500 ETF) are both funds - AIIEX is a Foreign Large Cap Equities fund managed by Invesco, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AIIEX returned 6.32%/yr vs 15.14%/yr for VOO. Their correlation of 0.81 means they have usually moved in the same direction. AIIEX charges 1.35%/yr vs 0.03%/yr for VOO.
Performance
AIIEX vs. VOO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AIIEX having a 9.93% return and VOO slightly higher at 10.16%. Over the past 10 years, AIIEX has underperformed VOO with an annualized return of 6.32%, while VOO has yielded a comparatively higher 15.14% annualized return.
AIIEX
- 1D
- 3.32%
- 1M
- 0.74%
- 6M
- 6.33%
- YTD
- 9.93%
- 1Y
- 19.16%
- 3Y*
- 9.51%
- 5Y*
- 4.25%
- 10Y*
- 6.32%
- ALL TIME*
- 7.08%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.82B | $3.78B | $5.44B |
AIIEX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIIEX Invesco EQV International Equity Fund | 9.93% | 15.92% | 0.24% | 17.55% | -18.58% | 5.53% | 13.35% | 25.47% | -15.48% | 22.65% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between AIIEX and VOO is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.81 |
The correlation between AIIEX and VOO has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
AIIEX vs. VOO — Risk / Return Rank
AIIEX
VOO
AIIEX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV International Equity Fund (AIIEX) and Vanguard S&P 500 ETF (VOO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIIEX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.21 | -0.89 |
| Martin ratioReturn relative to average drawdown | 5.02 | 9.44 | -4.42 |
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Drawdowns
AIIEX vs. VOO - Drawdown Comparison
The maximum AIIEX drawdown since its inception was -58.58%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AIIEX and VOO.
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Drawdown Indicators
| AIIEX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.58% | -33.99% | -24.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -8.90% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -18.69% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -30.76% | -24.52% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -36.94% | -33.99% | -2.95% |
Current DrawdownCurrent decline from peak | -1.41% | -1.38% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -14.19% | -3.67% | -10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.08% | +1.24% |
Volatility
AIIEX vs. VOO - Volatility Comparison
Invesco EQV International Equity Fund (AIIEX) has a higher volatility of 5.80% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that AIIEX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIIEX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 3.54% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 10.10% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 12.82% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 16.93% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 18.01% | -1.30% |
AIIEX vs. VOO - Expense Ratio Comparison
AIIEX has a 1.35% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
AIIEX vs. VOO - Dividend Comparison
AIIEX's dividend yield for the trailing twelve months is around 16.27%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIIEX Invesco EQV International Equity Fund | 16.27% | 17.88% | 7.57% | 1.56% | 11.90% | 25.61% | 12.69% | 8.80% | 9.83% | 2.56% | 1.22% | 1.24% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
AIIEX and VOO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIIEX has higher volatility (5.80%) compared to VOO (3.54%). In terms of maximum drawdown, AIIEX dropped -58.58% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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