QVOPX vs. VADDX
Compare and contrast key facts about Invesco Fundamental Alternatives Fund (QVOPX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
QVOPX is managed by Invesco. It was launched on Jan 2, 1989. 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
QVOPX vs. VADDX - Performance Comparison
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QVOPX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 1.38% | 0.38% | 5.71% | 3.55% | -7.28% | 2.49% | 1.46% | 6.58% | -2.09% | 1.28% |
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, QVOPX achieves a 1.38% return, which is significantly higher than VADDX's 0.61% return. Over the past 10 years, QVOPX has underperformed VADDX with an annualized return of 1.49%, while VADDX has yielded a comparatively higher 10.94% annualized return.
QVOPX
- 1D
- -0.67%
- 1M
- -3.77%
- YTD
- 1.38%
- 6M
- 5.60%
- 1Y
- 0.19%
- 3Y*
- 3.51%
- 5Y*
- 0.97%
- 10Y*
- 1.49%
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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QVOPX vs. VADDX - Expense Ratio Comparison
QVOPX has a 1.33% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
QVOPX vs. VADDX — Risk / Return Rank
QVOPX
VADDX
QVOPX vs. VADDX - 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 (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.
| QVOPX | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 0.74 | -0.74 |
Sortino ratioReturn per unit of downside risk | 0.04 | 1.15 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.16 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.00 | 0.93 | -0.93 |
Martin ratioReturn relative to average drawdown | 0.01 | 4.21 | -4.20 |
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 | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.74 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.48 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.59 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.46 | +0.17 |
Correlation
The correlation between QVOPX and VADDX 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. VADDX - Dividend Comparison
QVOPX's dividend yield for the trailing twelve months is around 0.73%, less than VADDX's 10.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 0.73% | 0.74% | 2.10% | 4.62% | 2.55% | 2.87% | 1.90% | 2.01% | 1.77% | 1.59% | 0.26% | 0.53% |
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
QVOPX vs. VADDX - Drawdown Comparison
The maximum QVOPX drawdown since its inception was -30.55%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for QVOPX and VADDX.
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Drawdown Indicators
| QVOPX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.55% | -60.12% | +29.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -12.61% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -9.71% | -21.58% | +11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -39.39% | +29.68% |
Current DrawdownCurrent decline from peak | -3.84% | -5.99% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -7.03% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.80% | +1.34% |
Volatility
QVOPX vs. VADDX - Volatility Comparison
The current volatility for Invesco Fundamental Alternatives Fund (QVOPX) is 3.36%, while Invesco Equally-Weighted S&P 500 Fund (VADDX) has a volatility of 4.48%. This indicates that QVOPX experiences smaller price fluctuations and is considered to be less risky 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
| QVOPX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 4.48% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 8.88% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 17.25% | -9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 16.30% | -11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 18.54% | -14.23% |