SMEAX vs. VTWO
Compare and contrast key facts about Invesco Small Cap Equity Fund Class A (SMEAX) and Vanguard Russell 2000 ETF (VTWO).
SMEAX is managed by Invesco. It was launched on Aug 31, 2000. VTWO is a passively managed fund by Vanguard that tracks the performance of the Russell 2000 Index. It was launched on Sep 20, 2010.
Performance
SMEAX vs. VTWO - Performance Comparison
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SMEAX vs. VTWO - 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% |
VTWO Vanguard Russell 2000 ETF | 0.92% | 12.90% | 11.55% | 17.08% | -20.49% | 14.79% | 20.22% | 25.81% | -11.15% | 14.69% |
Returns By Period
In the year-to-date period, SMEAX achieves a -5.14% return, which is significantly lower than VTWO's 0.92% return. Over the past 10 years, SMEAX has underperformed VTWO with an annualized return of 8.47%, while VTWO has yielded a comparatively higher 9.90% 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%
VTWO
- 1D
- 3.51%
- 1M
- -5.00%
- YTD
- 0.92%
- 6M
- 3.08%
- 1Y
- 25.83%
- 3Y*
- 13.14%
- 5Y*
- 3.50%
- 10Y*
- 9.90%
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SMEAX vs. VTWO - Expense Ratio Comparison
SMEAX has a 1.22% expense ratio, which is higher than VTWO's 0.10% expense ratio.
Return for Risk
SMEAX vs. VTWO — Risk / Return Rank
SMEAX
VTWO
SMEAX vs. VTWO - 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 Russell 2000 ETF (VTWO). 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 | VTWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.11 | -0.68 |
Sortino ratioReturn per unit of downside risk | 0.76 | 1.66 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.82 | -1.28 |
Martin ratioReturn relative to average drawdown | 1.83 | 6.81 | -4.97 |
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 | VTWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.11 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.16 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.43 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.48 | -0.15 |
Correlation
The correlation between SMEAX and VTWO is 0.96, 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. VTWO - Dividend Comparison
SMEAX's dividend yield for the trailing twelve months is around 9.85%, more than VTWO's 1.26% 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% |
VTWO Vanguard Russell 2000 ETF | 1.26% | 1.25% | 1.21% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% |
Drawdowns
SMEAX vs. VTWO - Drawdown Comparison
The maximum SMEAX drawdown since its inception was -56.69%, which is greater than VTWO's maximum drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for SMEAX and VTWO.
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Drawdown Indicators
| SMEAX | VTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -41.19% | -15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -13.90% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.42% | -31.88% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -41.19% | -3.82% |
Current DrawdownCurrent decline from peak | -13.43% | -7.86% | -5.57% |
Average DrawdownAverage peak-to-trough decline | -10.47% | -8.47% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.71% | +0.31% |
Volatility
SMEAX vs. VTWO - Volatility Comparison
Invesco Small Cap Equity Fund Class A (SMEAX) has a higher volatility of 8.73% compared to Vanguard Russell 2000 ETF (VTWO) at 7.49%. This indicates that SMEAX's price experiences larger fluctuations and is considered to be riskier than VTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMEAX | VTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 7.49% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 14.43% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 23.29% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 22.50% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 23.04% | -0.03% |