CNSDX vs. VADAX
Compare and contrast key facts about Invesco Convertible Securities Fund (CNSDX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
CNSDX is managed by Invesco. It was launched on Jul 27, 1997. VADAX is managed by Invesco.
Performance
CNSDX vs. VADAX - Performance Comparison
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CNSDX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 2.40% | 16.24% | 9.95% | 8.18% | -15.51% | 4.69% | 44.68% | 21.25% | -1.60% | 10.68% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 0.54% | 10.89% | 12.40% | 13.29% | -12.07% | 28.93% | 12.30% | 28.59% | -8.19% | 18.26% |
Returns By Period
In the year-to-date period, CNSDX achieves a 2.40% return, which is significantly higher than VADAX's 0.54% return. Over the past 10 years, CNSDX has underperformed VADAX with an annualized return of 9.97%, while VADAX has yielded a comparatively higher 10.69% annualized return.
CNSDX
- 1D
- 2.89%
- 1M
- -3.94%
- YTD
- 2.40%
- 6M
- 1.85%
- 1Y
- 22.33%
- 3Y*
- 11.66%
- 5Y*
- 4.27%
- 10Y*
- 9.97%
VADAX
- 1D
- 2.04%
- 1M
- -5.84%
- YTD
- 0.54%
- 6M
- 1.62%
- 1Y
- 12.19%
- 3Y*
- 11.36%
- 5Y*
- 7.44%
- 10Y*
- 10.69%
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CNSDX vs. VADAX - Expense Ratio Comparison
CNSDX has a 0.68% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
CNSDX vs. VADAX — Risk / Return Rank
CNSDX
VADAX
CNSDX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Convertible Securities Fund (CNSDX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX). 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.
| CNSDX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 0.72 | +0.70 |
Sortino ratioReturn per unit of downside risk | 1.96 | 1.13 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.91 | +1.67 |
Martin ratioReturn relative to average drawdown | 8.79 | 4.10 | +4.69 |
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
| CNSDX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.72 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.46 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.58 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.45 | +0.22 |
Correlation
The correlation between CNSDX and VADAX 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
CNSDX vs. VADAX - Dividend Comparison
CNSDX's dividend yield for the trailing twelve months is around 11.50%, more than VADAX's 10.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 11.50% | 11.77% | 3.46% | 1.46% | 3.97% | 28.36% | 10.96% | 5.21% | 12.65% | 4.57% | 3.74% | 2.74% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 10.15% | 10.21% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 0.30% | 2.77% |
Drawdowns
CNSDX vs. VADAX - Drawdown Comparison
The maximum CNSDX drawdown since its inception was -39.33%, smaller than the maximum VADAX drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for CNSDX and VADAX.
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Drawdown Indicators
| CNSDX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -60.27% | +20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -12.61% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -21.74% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -24.19% | -39.32% | +15.13% |
Current DrawdownCurrent decline from peak | -5.44% | -6.01% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -7.13% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.80% | -0.42% |
Volatility
CNSDX vs. VADAX - Volatility Comparison
Invesco Convertible Securities Fund (CNSDX) has a higher volatility of 6.96% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 4.47%. This indicates that CNSDX's price experiences larger fluctuations and is considered to be riskier than VADAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNSDX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 4.47% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 8.87% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 17.25% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 16.30% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 18.54% | -5.91% |