SMMIX vs. VADAX
Compare and contrast key facts about Invesco Summit Fund (SMMIX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
SMMIX is managed by Invesco. It was launched on Nov 1, 1982. VADAX is managed by Invesco.
Performance
SMMIX vs. VADAX - Performance Comparison
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SMMIX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMIX Invesco Summit Fund | -13.57% | 11.08% | 34.36% | 36.82% | -33.12% | 10.71% | 42.22% | 38.69% | -3.04% | 29.88% |
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, SMMIX achieves a -13.57% return, which is significantly lower than VADAX's -1.47% return. Over the past 10 years, SMMIX has outperformed VADAX with an annualized return of 13.24%, while VADAX has yielded a comparatively lower 10.47% annualized return.
SMMIX
- 1D
- -1.55%
- 1M
- -9.44%
- YTD
- -13.57%
- 6M
- -16.01%
- 1Y
- 12.23%
- 3Y*
- 16.44%
- 5Y*
- 4.95%
- 10Y*
- 13.24%
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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SMMIX vs. VADAX - Expense Ratio Comparison
SMMIX has a 0.84% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
SMMIX vs. VADAX — Risk / Return Rank
SMMIX
VADAX
SMMIX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Summit Fund (SMMIX) 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.
| SMMIX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 0.64 | -0.18 |
Sortino ratioReturn per unit of downside risk | 0.82 | 1.02 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.71 | -0.35 |
Martin ratioReturn relative to average drawdown | 1.12 | 3.23 | -2.11 |
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
| SMMIX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.64 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.45 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.57 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.44 | +0.03 |
Correlation
The correlation between SMMIX and VADAX is 0.83, 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
SMMIX vs. VADAX - Dividend Comparison
SMMIX's dividend yield for the trailing twelve months is around 17.10%, more than VADAX's 10.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMIX Invesco Summit Fund | 17.10% | 14.78% | 2.01% | 0.00% | 10.02% | 20.10% | 6.46% | 8.44% | 12.16% | 3.77% | 6.28% | 6.88% |
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
SMMIX vs. VADAX - Drawdown Comparison
The maximum SMMIX drawdown since its inception was -69.64%, which is greater than VADAX's maximum drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for SMMIX and VADAX.
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Drawdown Indicators
| SMMIX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.64% | -60.27% | -9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -12.61% | -7.34% |
Max Drawdown (5Y)Largest decline over 5 years | -40.62% | -21.74% | -18.88% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -39.32% | -1.30% |
Current DrawdownCurrent decline from peak | -19.95% | -7.89% | -12.06% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -7.13% | -12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.49% | 2.78% | +3.71% |
Volatility
SMMIX vs. VADAX - Volatility Comparison
Invesco Summit Fund (SMMIX) has a higher volatility of 7.16% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 3.76%. This indicates that SMMIX'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
| SMMIX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 3.76% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 8.70% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.83% | 17.17% | +8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 16.27% | +7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 18.53% | +4.24% |