FXAIX vs. VADAX
Compare and contrast key facts about Fidelity 500 Index Fund (FXAIX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988. VADAX is managed by Invesco.
Performance
FXAIX vs. VADAX - Performance Comparison
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FXAIX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | -3.65% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 0.87% | 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, FXAIX achieves a -3.65% return, which is significantly lower than VADAX's 0.87% return. Over the past 10 years, FXAIX has outperformed VADAX with an annualized return of 14.16%, while VADAX has yielded a comparatively lower 10.73% annualized return.
FXAIX
- 1D
- 0.72%
- 1M
- -3.44%
- YTD
- -3.65%
- 6M
- -1.50%
- 1Y
- 17.37%
- 3Y*
- 18.58%
- 5Y*
- 11.95%
- 10Y*
- 14.16%
VADAX
- 1D
- 0.33%
- 1M
- -4.36%
- YTD
- 0.87%
- 6M
- 1.72%
- 1Y
- 11.56%
- 3Y*
- 11.48%
- 5Y*
- 7.51%
- 10Y*
- 10.73%
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FXAIX vs. VADAX - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than VADAX's 0.52% expense ratio.
Return for Risk
FXAIX vs. VADAX — Risk / Return Rank
FXAIX
VADAX
FXAIX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) 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.
| FXAIX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.74 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.15 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.08 | +0.46 |
Martin ratioReturn relative to average drawdown | 7.30 | 4.80 | +2.49 |
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
| FXAIX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.74 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.46 | +0.25 |
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 | 0.77 | 0.45 | +0.32 |
Correlation
The correlation between FXAIX and VADAX is 0.92, 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
FXAIX vs. VADAX - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.16%, less than VADAX's 10.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 10.12% | 10.21% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 0.30% | 2.77% |
Drawdowns
FXAIX vs. VADAX - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, smaller than the maximum VADAX drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for FXAIX and VADAX.
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Drawdown Indicators
| FXAIX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -60.27% | +26.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.21% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -21.74% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -39.32% | +5.53% |
Current DrawdownCurrent decline from peak | -5.56% | -5.70% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -7.13% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.83% | -0.28% |
Volatility
FXAIX vs. VADAX - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) has a higher volatility of 5.37% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 4.39%. This indicates that FXAIX'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
| FXAIX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.39% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 8.87% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.32% | 17.24% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 16.29% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 18.53% | -0.48% |