OYAIX vs. VADDX

Last updated Jun 6, 2026

OYAIX (Invesco Select Risk: High Growth Investor Fund) and VADDX (Invesco Equally-Weighted S&P 500 Fund) are both mutual funds - OYAIX is a Diversified Portfolio fund managed by Invesco, while VADDX is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Over the past 10 years, OYAIX returned 9.53%/yr vs 11.63%/yr for VADDX. Their correlation of 0.93 suggests significant overlap in exposure. OYAIX charges 0.14%/yr vs 0.27%/yr for VADDX.

Performance

OYAIX vs. VADDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Select Risk: High Growth Investor Fund (OYAIX) and Invesco Equally-Weighted S&P 500 Fund (VADDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OYAIX achieves a 12.95% return, which is significantly higher than VADDX's 10.47% return. Over the past 10 years, OYAIX has underperformed VADDX with an annualized return of 9.53%, while VADDX has yielded a comparatively higher 11.63% annualized return.

OYAIX

• 1D: 0.34%
• 1M: 2.76%
• YTD: 12.95%
• 6M: 12.83%
• 1Y: 25.93%
• 3Y*: 16.47%
• 5Y*: 7.30%
• 10Y*: 9.53%

VADDX

• 1D: 0.81%
• 1M: 2.86%
• YTD: 10.47%
• 6M: 10.66%
• 1Y: 20.88%
• 3Y*: 15.55%
• 5Y*: 8.38%
• 10Y*: 11.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OYAIX vs. VADDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OYAIX Invesco Select Risk: High Growth Investor Fund	12.95%	16.71%	10.91%	14.87%	-19.35%	15.51%	13.65%	27.10%	-12.88%	25.21%
VADDX Invesco Equally-Weighted S&P 500 Fund	10.47%	11.16%	12.68%	13.58%	-11.86%	29.27%	12.56%	28.92%	-7.96%	18.55%

Correlation

The correlation between OYAIX and VADDX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 6, 2005	0.93

Over the past year, the correlation between OYAIX and VADDX has dropped to 0.71 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.

Return for Risk

OYAIX vs. VADDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OYAIX

OYAIX Risk / Return Rank: 71
OYAIX Sharpe Ratio Rank: 68
OYAIX Sortino Ratio Rank: 70
OYAIX Omega Ratio Rank: 63
OYAIX Calmar Ratio Rank: 77
OYAIX Martin Ratio Rank: 80

VADDX

VADDX Risk / Return Rank: 44
VADDX Sharpe Ratio Rank: 41
VADDX Sortino Ratio Rank: 41
VADDX Omega Ratio Rank: 37
VADDX Calmar Ratio Rank: 51
VADDX Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OYAIX vs. VADDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Select Risk: High Growth Investor Fund (OYAIX) 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.

	OYAIX	VADDX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.78	+0.55
Sortino ratio: Return per unit of downside risk	3.40	2.59	+0.81
Omega ratio: Gain probability vs. loss probability	1.42	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	3.36	2.64	+0.73
Martin ratio: Return relative to average drawdown	14.39	9.98	+4.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OYAIX vs. VADDX - Sharpe Ratio Comparison

The current OYAIX Sharpe Ratio is 2.33, which is higher than the VADDX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of OYAIX and VADDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OYAIX	VADDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	1.78	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.52	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.63	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.48	-0.06

Drawdowns

OYAIX vs. VADDX - Drawdown Comparison

The maximum OYAIX drawdown since its inception was -57.72%, roughly equal to the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for OYAIX and VADDX.

Drawdown Indicators

	OYAIX	VADDX	Difference
Max Drawdown Largest peak-to-trough decline	-57.72%	-60.12%	+2.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.56%	-7.88%	-0.68%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-17.86%	+1.93%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-21.58%	-6.18%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	-39.39%	+4.69%
Current Drawdown Current decline from peak	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-9.25%	-7.00%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.07%	-0.16%

Volatility

OYAIX vs. VADDX - Volatility Comparison

Invesco Select Risk: High Growth Investor Fund (OYAIX) has a higher volatility of 3.30% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 2.60%. This indicates that OYAIX'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.

Volatility by Period

	OYAIX	VADDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	2.60%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	8.38%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	11.65%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	16.27%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	18.53%	-3.16%

OYAIX vs. VADDX - Expense Ratio Comparison

OYAIX has a 0.14% 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%.

Dividends

OYAIX vs. VADDX - Dividend Comparison

OYAIX's dividend yield for the trailing twelve months is around 4.86%, less than VADDX's 9.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OYAIX Invesco Select Risk: High Growth Investor Fund	4.86%	5.49%	5.95%	2.76%	6.97%	7.25%	19.62%	19.14%	7.90%	2.62%	0.79%	1.51%
VADDX Invesco Equally-Weighted S&P 500 Fund	9.13%	10.09%	8.88%	4.86%	8.45%	9.92%	6.38%	4.68%	7.13%	2.97%	0.30%	2.98%

Frequently Asked Questions

Can I hold both OYAIX and VADDX in my portfolio?

OYAIX and VADDX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OYAIX or VADDX?

OYAIX has higher volatility (3.30%) compared to VADDX (2.60%). In terms of maximum drawdown, OYAIX dropped -57.72% vs VADDX's -60.12%.

Which has better risk-adjusted returns?

OYAIX currently has the higher Sharpe Ratio (2.33 vs 1.78), 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.