SPIAX vs. VADAX
Compare and contrast key facts about Invesco S&P 500 Index A (SPIAX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).
SPIAX is a passively managed fund by Invesco that tracks the performance of the S&P 500. It was launched on Sep 26, 1997. VADAX is managed by Invesco.
Performance
SPIAX vs. VADAX - Performance Comparison
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SPIAX vs. VADAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIAX Invesco S&P 500 Index A | -7.17% | 17.23% | 24.34% | 25.63% | -18.56% | 27.99% | 17.84% | 30.78% | -4.97% | 21.13% |
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, SPIAX achieves a -7.17% return, which is significantly lower than VADAX's -1.47% return. Over the past 10 years, SPIAX has outperformed VADAX with an annualized return of 13.13%, while VADAX has yielded a comparatively lower 10.47% annualized return.
SPIAX
- 1D
- -0.39%
- 1M
- -7.71%
- YTD
- -7.17%
- 6M
- -4.82%
- 1Y
- 13.84%
- 3Y*
- 16.56%
- 5Y*
- 10.82%
- 10Y*
- 13.13%
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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SPIAX vs. VADAX - Expense Ratio Comparison
SPIAX has a 0.54% expense ratio, which is higher than VADAX's 0.52% expense ratio.
Return for Risk
SPIAX vs. VADAX — Risk / Return Rank
SPIAX
VADAX
SPIAX vs. VADAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index A (SPIAX) 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.
| SPIAX | VADAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.64 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.02 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.71 | +0.24 |
Martin ratioReturn relative to average drawdown | 4.59 | 3.23 | +1.37 |
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
| SPIAX | VADAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.64 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.45 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.57 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.44 | -0.02 |
Correlation
The correlation between SPIAX and VADAX is 0.94, 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
SPIAX vs. VADAX - Dividend Comparison
SPIAX's dividend yield for the trailing twelve months is around 1.09%, less than VADAX's 10.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIAX Invesco S&P 500 Index A | 1.09% | 1.01% | 1.08% | 1.04% | 1.07% | 1.90% | 1.26% | 1.93% | 2.59% | 1.28% | 1.28% | 1.53% |
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
SPIAX vs. VADAX - Drawdown Comparison
The maximum SPIAX drawdown since its inception was -55.47%, smaller than the maximum VADAX drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for SPIAX and VADAX.
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Drawdown Indicators
| SPIAX | VADAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.47% | -60.27% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -12.61% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.81% | -21.74% | -3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -39.32% | +5.48% |
Current DrawdownCurrent decline from peak | -8.97% | -7.89% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -7.13% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.78% | -0.20% |
Volatility
SPIAX vs. VADAX - Volatility Comparison
Invesco S&P 500 Index A (SPIAX) has a higher volatility of 4.25% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 3.76%. This indicates that SPIAX'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
| SPIAX | VADAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.76% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 8.70% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 17.17% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 16.27% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 18.53% | -0.48% |