ESMAX vs. VADDX
Compare and contrast key facts about Invesco EQV European Small Company Fund (ESMAX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
ESMAX is managed by Invesco. It was launched on Aug 30, 2000. 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
ESMAX vs. VADDX - Performance Comparison
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ESMAX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESMAX Invesco EQV European Small Company Fund | -4.07% | 22.15% | 2.60% | 14.26% | -16.30% | 24.30% | 9.63% | 15.37% | -15.29% | 28.30% |
VADDX Invesco Equally-Weighted S&P 500 Fund | -1.41% | 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, ESMAX achieves a -4.07% return, which is significantly lower than VADDX's -1.41% return. Over the past 10 years, ESMAX has underperformed VADDX with an annualized return of 7.59%, while VADDX has yielded a comparatively higher 10.72% annualized return.
ESMAX
- 1D
- -1.64%
- 1M
- -12.06%
- YTD
- -4.07%
- 6M
- -4.00%
- 1Y
- 10.96%
- 3Y*
- 9.71%
- 5Y*
- 5.68%
- 10Y*
- 7.59%
VADDX
- 1D
- -0.23%
- 1M
- -7.88%
- YTD
- -1.41%
- 6M
- -0.10%
- 1Y
- 10.33%
- 3Y*
- 10.89%
- 5Y*
- 7.50%
- 10Y*
- 10.72%
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ESMAX vs. VADDX - Expense Ratio Comparison
ESMAX has a 1.48% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
ESMAX vs. VADDX — Risk / Return Rank
ESMAX
VADDX
ESMAX vs. VADDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV European Small Company Fund (ESMAX) 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.
| ESMAX | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 0.66 | -0.10 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.04 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.15 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.73 | 0.00 |
Martin ratioReturn relative to average drawdown | 2.21 | 3.33 | -1.12 |
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
| ESMAX | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.66 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.46 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.58 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.46 | +0.13 |
Correlation
The correlation between ESMAX and VADDX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ESMAX vs. VADDX - Dividend Comparison
ESMAX's dividend yield for the trailing twelve months is around 36.55%, more than VADDX's 10.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESMAX Invesco EQV European Small Company Fund | 36.55% | 35.06% | 9.96% | 4.94% | 11.28% | 3.24% | 2.75% | 7.01% | 6.27% | 3.21% | 2.07% | 5.41% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 10.23% | 10.09% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 0.30% | 2.98% |
Drawdowns
ESMAX vs. VADDX - Drawdown Comparison
The maximum ESMAX drawdown since its inception was -65.90%, which is greater than VADDX's maximum drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for ESMAX and VADDX.
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Drawdown Indicators
| ESMAX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.90% | -60.12% | -5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -12.61% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -32.92% | -21.58% | -11.34% |
Max Drawdown (10Y)Largest decline over 10 years | -39.83% | -39.39% | -0.44% |
Current DrawdownCurrent decline from peak | -12.45% | -7.88% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -14.01% | -7.04% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 2.77% | +1.34% |
Volatility
ESMAX vs. VADDX - Volatility Comparison
Invesco EQV European Small Company Fund (ESMAX) has a higher volatility of 7.30% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 3.77%. This indicates that ESMAX's price experiences larger fluctuations and is considered to be riskier 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
| ESMAX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 3.77% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 8.70% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 17.17% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 16.27% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 18.53% | -4.13% |