OEGAX vs. VADDX
Compare and contrast key facts about Invesco Discovery Mid Cap Growth Fund Class A (OEGAX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
OEGAX is an actively managed fund by Invesco. It was launched on Nov 1, 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
OEGAX vs. VADDX - Performance Comparison
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OEGAX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OEGAX Invesco Discovery Mid Cap Growth Fund Class A | 0.93% | 4.85% | 24.09% | 12.96% | -31.09% | 18.44% | 40.12% | 38.98% | -6.72% | 27.95% |
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, OEGAX achieves a 0.93% return, which is significantly higher than VADDX's 0.61% return. Both investments have delivered pretty close results over the past 10 years, with OEGAX having a 11.40% annualized return and VADDX not far behind at 10.94%.
OEGAX
- 1D
- -2.41%
- 1M
- -9.98%
- YTD
- 0.93%
- 6M
- -0.73%
- 1Y
- 19.68%
- 3Y*
- 12.14%
- 5Y*
- 3.64%
- 10Y*
- 11.40%
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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OEGAX vs. VADDX - Expense Ratio Comparison
OEGAX has a 1.05% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
OEGAX vs. VADDX — Risk / Return Rank
OEGAX
VADDX
OEGAX vs. VADDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Discovery Mid Cap Growth Fund Class A (OEGAX) 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.
| OEGAX | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.74 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.15 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.93 | -0.70 |
Martin ratioReturn relative to average drawdown | 0.84 | 4.21 | -3.37 |
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
| OEGAX | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.74 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.48 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.59 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.46 | -0.12 |
Correlation
The correlation between OEGAX and VADDX is 0.83, 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
OEGAX vs. VADDX - Dividend Comparison
OEGAX's dividend yield for the trailing twelve months is around 9.01%, less than VADDX's 10.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEGAX Invesco Discovery Mid Cap Growth Fund Class A | 9.01% | 9.10% | 4.95% | 0.00% | 0.00% | 18.94% | 3.55% | 4.40% | 10.54% | 9.32% | 0.89% | 4.27% |
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
OEGAX vs. VADDX - Drawdown Comparison
The maximum OEGAX drawdown since its inception was -53.73%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for OEGAX and VADDX.
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Drawdown Indicators
| OEGAX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.73% | -60.12% | +6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -12.61% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -39.38% | -21.58% | -17.80% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -39.39% | +0.01% |
Current DrawdownCurrent decline from peak | -10.16% | -5.99% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -7.03% | -5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 2.80% | +3.36% |
Volatility
OEGAX vs. VADDX - Volatility Comparison
Invesco Discovery Mid Cap Growth Fund Class A (OEGAX) has a higher volatility of 7.85% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 4.48%. This indicates that OEGAX'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
| OEGAX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 4.48% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 8.88% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 17.25% | +7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.03% | 16.30% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 18.54% | +3.38% |