ISHYX vs. VADDX
Compare and contrast key facts about Invesco Short Duration High Yield Municipal Fund (ISHYX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
ISHYX is managed by Invesco. It was launched on Sep 29, 2015. 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
ISHYX vs. VADDX - Performance Comparison
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ISHYX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHYX Invesco Short Duration High Yield Municipal Fund | 0.35% | 3.92% | 6.43% | 3.58% | -8.99% | 5.96% | -0.31% | 7.84% | 2.27% | 8.04% |
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, ISHYX achieves a 0.35% return, which is significantly lower than VADDX's 0.61% return. Over the past 10 years, ISHYX has underperformed VADDX with an annualized return of 2.86%, while VADDX has yielded a comparatively higher 10.94% annualized return.
ISHYX
- 1D
- 0.21%
- 1M
- -1.37%
- YTD
- 0.35%
- 6M
- 2.07%
- 1Y
- 3.52%
- 3Y*
- 4.22%
- 5Y*
- 1.70%
- 10Y*
- 2.86%
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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ISHYX vs. VADDX - Expense Ratio Comparison
ISHYX has a 0.59% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
ISHYX vs. VADDX — Risk / Return Rank
ISHYX
VADDX
ISHYX vs. VADDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration High Yield Municipal Fund (ISHYX) 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.
| ISHYX | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.74 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.15 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.16 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.93 | +0.30 |
Martin ratioReturn relative to average drawdown | 3.93 | 4.21 | -0.28 |
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
| ISHYX | VADDX | 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 | 0.56 | 0.48 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.59 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.46 | +0.45 |
Correlation
The correlation between ISHYX and VADDX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ISHYX vs. VADDX - Dividend Comparison
ISHYX's dividend yield for the trailing twelve months is around 4.29%, less than VADDX's 10.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHYX Invesco Short Duration High Yield Municipal Fund | 4.29% | 4.65% | 4.40% | 3.38% | 3.99% | 3.58% | 3.58% | 3.45% | 3.59% | 3.51% | 3.60% | 0.00% |
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
ISHYX vs. VADDX - Drawdown Comparison
The maximum ISHYX drawdown since its inception was -13.64%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for ISHYX and VADDX.
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Drawdown Indicators
| ISHYX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.64% | -60.12% | +46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -12.61% | +8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -21.58% | +9.55% |
Max Drawdown (10Y)Largest decline over 10 years | -13.64% | -39.39% | +25.75% |
Current DrawdownCurrent decline from peak | -1.58% | -5.99% | +4.41% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -7.03% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.80% | -1.60% |
Volatility
ISHYX vs. VADDX - Volatility Comparison
The current volatility for Invesco Short Duration High Yield Municipal Fund (ISHYX) is 0.73%, while Invesco Equally-Weighted S&P 500 Fund (VADDX) has a volatility of 4.48%. This indicates that ISHYX 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
| ISHYX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 4.48% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 8.88% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 17.25% | -13.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.06% | 16.30% | -13.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 18.54% | -15.22% |