SMEAX vs. VGK
Compare and contrast key facts about Invesco Small Cap Equity Fund Class A (SMEAX) and Vanguard FTSE Europe ETF (VGK).
SMEAX is managed by Invesco. It was launched on Aug 31, 2000. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMEAX or VGK.
Key characteristics
| SMEAX | VGK | |
|---|---|---|
| YTD Return | 7.27% | 9.01% |
| 1Y Return | 20.22% | 15.61% |
| 3Y Return (Ann) | 0.83% | 4.39% |
| 5Y Return (Ann) | 10.63% | 8.71% |
| 10Y Return (Ann) | 6.83% | 4.79% |
| Sharpe Ratio | 1.36 | 1.22 |
| Daily Std Dev | 16.32% | 13.25% |
| Max Drawdown | -55.99% | -63.61% |
| Current Drawdown | -6.11% | -0.58% |
Correlation
The correlation between SMEAX and VGK is 0.73, 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.
Performance
SMEAX vs. VGK - Performance Comparison
In the year-to-date period, SMEAX achieves a 7.27% return, which is significantly lower than VGK's 9.01% return. Over the past 10 years, SMEAX has outperformed VGK with an annualized return of 6.83%, while VGK has yielded a comparatively lower 4.79% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. VGK - Expense Ratio Comparison
SMEAX has a 1.22% expense ratio, which is higher than VGK's 0.08% expense ratio.
Risk-Adjusted Performance
SMEAX vs. VGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Equity Fund Class A (SMEAX) and Vanguard FTSE Europe ETF (VGK). 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.
Dividends
SMEAX vs. VGK - Dividend Comparison
SMEAX's dividend yield for the trailing twelve months is around 0.37%, less than VGK's 3.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMEAX Invesco Small Cap Equity Fund Class A | 0.37% | 0.40% | 2.95% | 19.02% | 6.03% | 11.18% | 18.53% | 5.38% | 5.38% | 0.00% | 14.05% | 6.16% |
VGK Vanguard FTSE Europe ETF | 3.13% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% | 2.77% |
Drawdowns
SMEAX vs. VGK - Drawdown Comparison
The maximum SMEAX drawdown since its inception was -55.99%, smaller than the maximum VGK drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for SMEAX and VGK. For additional features, visit the drawdowns tool.
Volatility
SMEAX vs. VGK - Volatility Comparison
Invesco Small Cap Equity Fund Class A (SMEAX) has a higher volatility of 3.90% compared to Vanguard FTSE Europe ETF (VGK) at 3.20%. This indicates that SMEAX's price experiences larger fluctuations and is considered to be riskier than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.