SMEAX vs. VFIAX
Compare and contrast key facts about Invesco Small Cap Equity Fund Class A (SMEAX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
SMEAX is managed by Invesco. It was launched on Aug 31, 2000. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
SMEAX vs. VFIAX - Performance Comparison
Loading graphics...
SMEAX vs. VFIAX - 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% |
VFIAX Vanguard 500 Index Fund Admiral Shares | -7.06% | 17.83% | 24.97% | 26.24% | -18.16% | 28.65% | 18.32% | 31.46% | -4.45% | 21.78% |
Returns By Period
In the year-to-date period, SMEAX achieves a -5.14% return, which is significantly higher than VFIAX's -7.06% return. Over the past 10 years, SMEAX has underperformed VFIAX with an annualized return of 8.47%, while VFIAX has yielded a comparatively higher 13.71% 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%
VFIAX
- 1D
- -0.39%
- 1M
- -7.69%
- YTD
- -7.06%
- 6M
- -4.61%
- 1Y
- 14.41%
- 3Y*
- 17.14%
- 5Y*
- 11.37%
- 10Y*
- 13.71%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMEAX vs. VFIAX - Expense Ratio Comparison
SMEAX has a 1.22% expense ratio, which is higher than VFIAX's 0.04% expense ratio.
Return for Risk
SMEAX vs. VFIAX — Risk / Return Rank
SMEAX
VFIAX
SMEAX vs. VFIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Equity Fund Class A (SMEAX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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 | VFIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.84 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.76 | 1.30 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.06 | -0.52 |
Martin ratioReturn relative to average drawdown | 1.83 | 5.13 | -3.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SMEAX | VFIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.84 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.68 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.76 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.43 | -0.10 |
Correlation
The correlation between SMEAX and VFIAX is 0.87, 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. VFIAX - Dividend Comparison
SMEAX's dividend yield for the trailing twelve months is around 9.85%, more than VFIAX's 1.22% 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% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.22% | 1.12% | 1.24% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% |
Drawdowns
SMEAX vs. VFIAX - Drawdown Comparison
The maximum SMEAX drawdown since its inception was -56.69%, roughly equal to the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for SMEAX and VFIAX.
Loading graphics...
Drawdown Indicators
| SMEAX | VFIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -55.20% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -12.12% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.42% | -24.53% | -6.89% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -33.83% | -11.18% |
Current DrawdownCurrent decline from peak | -13.43% | -8.90% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -10.47% | -9.46% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 2.49% | +1.53% |
Volatility
SMEAX vs. VFIAX - Volatility Comparison
Invesco Small Cap Equity Fund Class A (SMEAX) has a higher volatility of 8.73% compared to Vanguard 500 Index Fund Admiral Shares (VFIAX) at 4.24%. This indicates that SMEAX's price experiences larger fluctuations and is considered to be riskier than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SMEAX | VFIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 4.24% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 9.08% | +6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 18.13% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 16.86% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 18.03% | +4.98% |