IVNQX vs. VCNIX
IVNQX (Invesco Nasdaq 100 Index Fund) and VCNIX (VALIC Company I Nasdaq-100 Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, IVNQX returned 14.49%/yr vs 9.47%/yr for VCNIX. Their 0.99 correlation means they have historically moved very closely together. IVNQX charges 0.29%/yr vs 0.45%/yr for VCNIX.
Performance
IVNQX vs. VCNIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IVNQX having a 14.15% return and VCNIX slightly lower at 14.07%.
IVNQX
- 1D
- 1.77%
- 1M
- -1.89%
- 6M
- 13.75%
- YTD
- 14.15%
- 1Y
- 24.49%
- 3Y*
- 24.06%
- 5Y*
- 14.49%
- 10Y*
- —
- ALL TIME*
- 17.10%
VCNIX
- 1D
- 1.76%
- 1M
- -1.91%
- 6M
- 13.65%
- YTD
- 14.07%
- 1Y
- 24.35%
- 3Y*
- 15.49%
- 5Y*
- 9.47%
- 10Y*
- 17.12%
- ALL TIME*
- 6.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IVNQX vs. VCNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 14.15% | 20.77% | 25.43% | 54.62% | -32.05% | 26.75% | 8.46% |
VCNIX VALIC Company I Nasdaq-100 Index Fund | 14.07% | -2.43% | 25.36% | 54.21% | -32.55% | 26.89% | 7.54% |
Correlation
The correlation between IVNQX and VCNIX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.99 |
The correlation between IVNQX and VCNIX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
IVNQX vs. VCNIX — Risk / Return Rank
IVNQX
VCNIX
IVNQX vs. VCNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) and VALIC Company I Nasdaq-100 Index Fund (VCNIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVNQX | VCNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.24 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.19 | 7.15 | +0.04 |
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Drawdowns
IVNQX vs. VCNIX - Drawdown Comparison
The maximum IVNQX drawdown since its inception was -34.83%, smaller than the maximum VCNIX drawdown of -76.68%. Use the drawdown chart below to compare losses from any high point for IVNQX and VCNIX.
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Drawdown Indicators
| IVNQX | VCNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.83% | -76.68% | +41.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -12.01% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -37.53% | +14.83% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -37.53% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.53% | — |
Current DrawdownCurrent decline from peak | -6.11% | -6.14% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -28.58% | +20.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.75% | 0.00% |
Volatility
IVNQX vs. VCNIX - Volatility Comparison
Invesco Nasdaq 100 Index Fund (IVNQX) and VALIC Company I Nasdaq-100 Index Fund (VCNIX) have volatilities of 6.93% and 7.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVNQX | VCNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 7.28% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 16.16% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 19.13% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 25.36% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 23.95% | -1.35% |
IVNQX vs. VCNIX - Expense Ratio Comparison
IVNQX has a 0.29% expense ratio, which is lower than VCNIX's 0.45% expense ratio.
Dividends
IVNQX vs. VCNIX - Dividend Comparison
IVNQX's dividend yield for the trailing twelve months is around 1.15%, less than VCNIX's 8.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 1.15% | 1.31% | 0.72% | 0.54% | 0.73% | 0.84% | 0.19% | 0.00% | 0.00% | 0.00% |
VCNIX VALIC Company I Nasdaq-100 Index Fund | 8.89% | 0.00% | 3.76% | 10.90% | 13.50% | 7.28% | 2.40% | 1.57% | 0.55% | 4.57% |
Frequently Asked Questions
With a correlation of 0.97, IVNQX and VCNIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VCNIX has higher volatility (7.28%) compared to IVNQX (6.93%). In terms of maximum drawdown, IVNQX dropped -34.83% vs VCNIX's -76.68%.
VCNIX currently has the higher Sharpe Ratio (1.41 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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