ALAAX vs. VADDX
Compare and contrast key facts about Invesco Income Allocation Fund (ALAAX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
ALAAX is managed by Invesco. It was launched on Oct 30, 2005. VADDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 28, 1997.
Performance
ALAAX vs. VADDX - Performance Comparison
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ALAAX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALAAX Invesco Income Allocation Fund | 0.06% | 11.63% | 5.84% | 7.13% | -11.78% | 7.56% | 2.33% | 15.50% | -4.45% | 7.99% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 0.61% | 11.16% | 12.68% | 13.58% | -11.86% | 29.27% | 12.56% | 28.92% | -7.96% | 18.55% |
Returns By Period
In the year-to-date period, ALAAX achieves a 0.06% return, which is significantly lower than VADDX's 0.61% return. Over the past 10 years, ALAAX has underperformed VADDX with an annualized return of 4.51%, while VADDX has yielded a comparatively higher 10.94% annualized return.
ALAAX
- 1D
- 1.09%
- 1M
- -2.79%
- YTD
- 0.06%
- 6M
- 1.95%
- 1Y
- 10.05%
- 3Y*
- 7.37%
- 5Y*
- 3.25%
- 10Y*
- 4.51%
VADDX
- 1D
- 2.06%
- 1M
- -5.82%
- YTD
- 0.61%
- 6M
- 1.75%
- 1Y
- 12.48%
- 3Y*
- 11.64%
- 5Y*
- 7.70%
- 10Y*
- 10.94%
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ALAAX vs. VADDX - Expense Ratio Comparison
ALAAX has a 0.37% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
ALAAX vs. VADDX — Risk / Return Rank
ALAAX
VADDX
ALAAX vs. VADDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Income Allocation Fund (ALAAX) and Invesco Equally-Weighted S&P 500 Fund (VADDX). 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.
| ALAAX | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.74 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.15 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.93 | +0.99 |
Martin ratioReturn relative to average drawdown | 8.52 | 4.21 | +4.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALAAX | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.74 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.48 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.59 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.46 | +0.25 |
Correlation
The correlation between ALAAX and VADDX is 0.82, 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.
Dividends
ALAAX vs. VADDX - Dividend Comparison
ALAAX's dividend yield for the trailing twelve months is around 4.27%, less than VADDX's 10.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAAX Invesco Income Allocation Fund | 4.27% | 4.22% | 4.13% | 4.07% | 3.53% | 3.19% | 4.07% | 6.98% | 3.91% | 3.36% | 3.66% | 3.16% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 10.03% | 10.09% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 0.30% | 2.98% |
Drawdowns
ALAAX vs. VADDX - Drawdown Comparison
The maximum ALAAX drawdown since its inception was -28.28%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for ALAAX and VADDX.
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Drawdown Indicators
| ALAAX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -60.12% | +31.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | -12.61% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.16% | -21.58% | +4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -24.08% | -39.39% | +15.31% |
Current DrawdownCurrent decline from peak | -3.12% | -5.99% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -7.03% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.80% | -1.61% |
Volatility
ALAAX vs. VADDX - Volatility Comparison
The current volatility for Invesco Income Allocation Fund (ALAAX) is 2.66%, while Invesco Equally-Weighted S&P 500 Fund (VADDX) has a volatility of 4.48%. This indicates that ALAAX experiences smaller price fluctuations and is considered to be less risky than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAAX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.48% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 8.88% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.81% | 17.25% | -10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 16.30% | -9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 18.54% | -11.25% |