SMMIX vs. VOO
Compare and contrast key facts about Invesco Summit Fund (SMMIX) and Vanguard S&P 500 ETF (VOO).
SMMIX is managed by Invesco. It was launched on Nov 1, 1982. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
SMMIX vs. VOO - Performance Comparison
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SMMIX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, SMMIX achieves a -9.50% return, which is significantly lower than VOO's -3.66% return. Both investments have delivered pretty close results over the past 10 years, with SMMIX having a 13.76% annualized return and VOO not far ahead at 14.14%.
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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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SMMIX vs. VOO - Expense Ratio Comparison
SMMIX has a 0.84% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
SMMIX vs. VOO — Risk / Return Rank
SMMIX
VOO
SMMIX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Summit Fund (SMMIX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.01 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.53 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.55 | -0.86 |
Martin ratioReturn relative to average drawdown | 2.12 | 7.31 | -5.19 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.01 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.71 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.79 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.83 | -0.35 |
Correlation
The correlation between SMMIX and VOO is 0.91, 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. VOO - Dividend Comparison
SMMIX's dividend yield for the trailing twelve months is around 16.33%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
SMMIX vs. VOO - Drawdown Comparison
The maximum SMMIX drawdown since its inception was -69.64%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SMMIX and VOO.
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Drawdown Indicators
| SMMIX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.64% | -33.99% | -35.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -11.98% | -7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -40.62% | -24.52% | -16.10% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -33.99% | -6.63% |
Current DrawdownCurrent decline from peak | -16.18% | -5.55% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -3.72% | -15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.55% | +3.95% |
Volatility
SMMIX vs. VOO - Volatility Comparison
Invesco Summit Fund (SMMIX) has a higher volatility of 8.74% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that SMMIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMMIX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 5.34% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.45% | 9.47% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.20% | 18.11% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 16.82% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 17.99% | +4.82% |