QVOPX vs. VADAX
Compare and contrast key facts about Invesco Fundamental Alternatives Fund (QVOPX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
QVOPX is managed by Invesco. It was launched on Jan 2, 1989. VADAX is managed by Invesco.
Performance
QVOPX vs. VADAX - Performance Comparison
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QVOPX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 2.07% | 0.38% | 5.71% | 3.55% | -7.28% | 2.49% | 1.46% | 6.58% | -2.09% | 1.28% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | -1.47% | 10.89% | 12.40% | 13.29% | -12.07% | 28.93% | 12.30% | 28.59% | -8.19% | 18.26% |
Returns By Period
In the year-to-date period, QVOPX achieves a 2.07% return, which is significantly higher than VADAX's -1.47% return. Over the past 10 years, QVOPX has underperformed VADAX with an annualized return of 1.56%, while VADAX has yielded a comparatively higher 10.47% annualized return.
QVOPX
- 1D
- -0.40%
- 1M
- -3.19%
- YTD
- 2.07%
- 6M
- 5.92%
- 1Y
- 0.63%
- 3Y*
- 3.74%
- 5Y*
- 1.18%
- 10Y*
- 1.56%
VADAX
- 1D
- -0.23%
- 1M
- -7.89%
- YTD
- -1.47%
- 6M
- -0.21%
- 1Y
- 10.07%
- 3Y*
- 10.61%
- 5Y*
- 7.23%
- 10Y*
- 10.47%
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QVOPX vs. VADAX - Expense Ratio Comparison
QVOPX has a 1.33% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
QVOPX vs. VADAX — Risk / Return Rank
QVOPX
VADAX
QVOPX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Alternatives Fund (QVOPX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX). 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.
| QVOPX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.64 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.25 | 1.02 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.71 | -0.58 |
Martin ratioReturn relative to average drawdown | 0.20 | 3.23 | -3.03 |
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
| QVOPX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.64 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.45 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.57 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.44 | +0.19 |
Correlation
The correlation between QVOPX and VADAX is 0.77, 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
QVOPX vs. VADAX - Dividend Comparison
QVOPX's dividend yield for the trailing twelve months is around 0.73%, less than VADAX's 10.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 0.72% | 0.74% | 2.10% | 4.62% | 2.55% | 2.87% | 1.90% | 2.01% | 1.77% | 1.59% | 0.26% | 0.53% |
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 10.36% | 10.21% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 0.30% | 2.77% |
Drawdowns
QVOPX vs. VADAX - Drawdown Comparison
The maximum QVOPX drawdown since its inception was -30.55%, smaller than the maximum VADAX drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for QVOPX and VADAX.
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Drawdown Indicators
| QVOPX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.55% | -60.27% | +29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -12.61% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -9.71% | -21.74% | +12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -39.32% | +29.61% |
Current DrawdownCurrent decline from peak | -3.19% | -7.89% | +4.70% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -7.13% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 2.78% | +1.35% |
Volatility
QVOPX vs. VADAX - Volatility Comparison
The current volatility for Invesco Fundamental Alternatives Fund (QVOPX) is 3.33%, while Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) has a volatility of 3.76%. This indicates that QVOPX experiences smaller price fluctuations and is considered to be less risky than VADAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVOPX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.76% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 8.70% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | 17.17% | -9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 16.27% | -11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 18.53% | -14.23% |