SMMIX vs. VADDX
Compare and contrast key facts about Invesco Summit Fund (SMMIX) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
SMMIX is managed by Invesco. It was launched on Nov 1, 1982. VADDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 28, 1997.
Performance
SMMIX vs. VADDX - Performance Comparison
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SMMIX vs. VADDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMIX Invesco Summit Fund | -9.50% | 11.08% | 34.36% | 36.82% | -33.12% | 10.71% | 42.22% | 38.69% | -3.04% | 29.88% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 0.61% | 11.16% | 12.68% | 13.58% | -11.86% | 29.27% | 12.56% | 28.92% | -7.96% | 18.55% |
Returns By Period
In the year-to-date period, SMMIX achieves a -9.50% return, which is significantly lower than VADDX's 0.61% return. Over the past 10 years, SMMIX has outperformed VADDX with an annualized return of 13.76%, while VADDX has yielded a comparatively lower 10.94% annualized return.
SMMIX
- 1D
- 4.71%
- 1M
- -5.62%
- YTD
- -9.50%
- 6M
- -12.36%
- 1Y
- 16.24%
- 3Y*
- 18.24%
- 5Y*
- 5.46%
- 10Y*
- 13.76%
VADDX
- 1D
- 2.06%
- 1M
- -5.82%
- YTD
- 0.61%
- 6M
- 1.75%
- 1Y
- 12.48%
- 3Y*
- 11.64%
- 5Y*
- 7.70%
- 10Y*
- 10.94%
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SMMIX vs. VADDX - Expense Ratio Comparison
SMMIX has a 0.84% expense ratio, which is higher than VADDX's 0.27% expense ratio.
Return for Risk
SMMIX vs. VADDX — Risk / Return Rank
SMMIX
VADDX
SMMIX vs. VADDX - 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 (VADDX). 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 | VADDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.74 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.15 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.93 | -0.24 |
Martin ratioReturn relative to average drawdown | 2.12 | 4.21 | -2.09 |
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 | VADDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.74 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.48 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.59 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.46 | +0.02 |
Correlation
The correlation between SMMIX and VADDX 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. VADDX - Dividend Comparison
SMMIX's dividend yield for the trailing twelve months is around 16.33%, more than VADDX's 10.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMIX Invesco Summit Fund | 16.33% | 14.78% | 2.01% | 0.00% | 10.02% | 20.10% | 6.46% | 8.44% | 12.16% | 3.77% | 6.28% | 6.88% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 10.03% | 10.09% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 0.30% | 2.98% |
Drawdowns
SMMIX vs. VADDX - Drawdown Comparison
The maximum SMMIX drawdown since its inception was -69.64%, which is greater than VADDX's maximum drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for SMMIX and VADDX.
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Drawdown Indicators
| SMMIX | VADDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.64% | -60.12% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -12.61% | -7.34% |
Max Drawdown (5Y)Largest decline over 5 years | -40.62% | -21.58% | -19.04% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -39.39% | -1.23% |
Current DrawdownCurrent decline from peak | -16.18% | -5.99% | -10.19% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -7.03% | -12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.80% | +3.70% |
Volatility
SMMIX vs. VADDX - Volatility Comparison
Invesco Summit Fund (SMMIX) has a higher volatility of 8.74% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 4.48%. This indicates that SMMIX's price experiences larger fluctuations and is considered to be riskier than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMMIX | VADDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 4.48% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.45% | 8.88% | +7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.20% | 17.25% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 16.30% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 18.54% | +4.27% |