OAAYX vs. VADDX
Compare and contrast key facts about Invesco Active Allocation Fund (OAAYX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
OAAYX is managed by Invesco. It was launched on Apr 4, 2005. 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
OAAYX vs. VADDX - Performance Comparison
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OAAYX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OAAYX Invesco Active Allocation Fund | -0.79% | 15.81% | 9.98% | 13.83% | -19.11% | 14.38% | 13.12% | 23.65% | -9.42% | 19.58% |
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, OAAYX achieves a -0.79% return, which is significantly lower than VADDX's 0.61% return. Over the past 10 years, OAAYX has underperformed VADDX with an annualized return of 7.81%, while VADDX has yielded a comparatively higher 10.94% annualized return.
OAAYX
- 1D
- 2.44%
- 1M
- -4.85%
- YTD
- -0.79%
- 6M
- 1.48%
- 1Y
- 16.32%
- 3Y*
- 11.11%
- 5Y*
- 4.73%
- 10Y*
- 7.81%
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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OAAYX vs. VADDX - Expense Ratio Comparison
OAAYX has a 0.23% expense ratio, which is lower than VADDX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
OAAYX vs. VADDX — Risk / Return Rank
OAAYX
VADDX
OAAYX vs. VADDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active Allocation Fund (OAAYX) 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.
| OAAYX | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.74 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.15 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.93 | +0.76 |
Martin ratioReturn relative to average drawdown | 7.37 | 4.21 | +3.16 |
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
| OAAYX | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.74 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.48 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.46 | -0.07 |
Correlation
The correlation between OAAYX and VADDX is 0.93, 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
OAAYX vs. VADDX - Dividend Comparison
OAAYX's dividend yield for the trailing twelve months is around 5.35%, less than VADDX's 10.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OAAYX Invesco Active Allocation Fund | 5.35% | 5.31% | 5.94% | 3.31% | 4.85% | 8.53% | 12.58% | 8.88% | 1.84% | 1.32% | 1.26% | 1.81% |
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
OAAYX vs. VADDX - Drawdown Comparison
The maximum OAAYX drawdown since its inception was -54.70%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for OAAYX and VADDX.
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Drawdown Indicators
| OAAYX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.70% | -60.12% | +5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.08% | -12.61% | +3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.60% | -21.58% | -5.02% |
Max Drawdown (10Y)Largest decline over 10 years | -31.18% | -39.39% | +8.21% |
Current DrawdownCurrent decline from peak | -5.62% | -5.99% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -7.03% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.80% | -0.71% |
Volatility
OAAYX vs. VADDX - Volatility Comparison
Invesco Active Allocation Fund (OAAYX) has a higher volatility of 5.09% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 4.48%. This indicates that OAAYX'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
| OAAYX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 4.48% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 8.88% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 17.25% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 16.30% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 18.54% | -5.32% |