SMEAX vs. VADAX
Compare and contrast key facts about Invesco Small Cap Equity Fund Class A (SMEAX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
SMEAX is managed by Invesco. It was launched on Aug 31, 2000. VADAX is managed by Invesco.
Performance
SMEAX vs. VADAX - Performance Comparison
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SMEAX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMEAX Invesco Small Cap Equity Fund Class A | -5.14% | 7.84% | 17.80% | 15.95% | -20.62% | 19.62% | 27.25% | 26.05% | -15.42% | 13.59% |
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, SMEAX achieves a -5.14% return, which is significantly lower than VADAX's -1.47% return. Over the past 10 years, SMEAX has underperformed VADAX with an annualized return of 8.47%, while VADAX has yielded a comparatively higher 10.47% annualized return.
SMEAX
- 1D
- -2.22%
- 1M
- -10.78%
- YTD
- -5.14%
- 6M
- -5.53%
- 1Y
- 9.81%
- 3Y*
- 9.72%
- 5Y*
- 3.23%
- 10Y*
- 8.47%
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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SMEAX vs. VADAX - Expense Ratio Comparison
SMEAX has a 1.22% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
SMEAX vs. VADAX — Risk / Return Rank
SMEAX
VADAX
SMEAX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Equity Fund Class A (SMEAX) 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.
| SMEAX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.64 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.76 | 1.02 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.14 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 0.71 | -0.18 |
Martin ratioReturn relative to average drawdown | 1.83 | 3.23 | -1.39 |
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
| SMEAX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.64 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.45 | -0.30 |
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 | 0.33 | 0.44 | -0.12 |
Correlation
The correlation between SMEAX and VADAX is 0.91, 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
SMEAX vs. VADAX - Dividend Comparison
SMEAX's dividend yield for the trailing twelve months is around 9.85%, less than VADAX's 10.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMEAX Invesco Small Cap Equity Fund Class A | 9.85% | 9.34% | 8.09% | 0.40% | 2.95% | 19.02% | 6.03% | 11.18% | 18.53% | 5.38% | 5.38% | 6.51% |
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
SMEAX vs. VADAX - Drawdown Comparison
The maximum SMEAX drawdown since its inception was -56.69%, smaller than the maximum VADAX drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for SMEAX and VADAX.
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Drawdown Indicators
| SMEAX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -60.27% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -12.61% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -31.42% | -21.74% | -9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -39.32% | -5.69% |
Current DrawdownCurrent decline from peak | -13.43% | -7.89% | -5.54% |
Average DrawdownAverage peak-to-trough decline | -10.47% | -7.13% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 2.78% | +1.24% |
Volatility
SMEAX vs. VADAX - Volatility Comparison
Invesco Small Cap Equity Fund Class A (SMEAX) has a higher volatility of 8.73% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 3.76%. This indicates that SMEAX's price experiences larger fluctuations and is considered to be riskier 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
| SMEAX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 3.76% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 8.70% | +7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 17.17% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 16.27% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 18.53% | +4.48% |