UMCVX vs. VADAX

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco V.I. American Value Fund (UMCVX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX).

UMCVX is managed by Invesco. It was launched on Jan 1, 1997. VADAX is managed by Invesco.

Performance

UMCVX vs. VADAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco V.I. American Value Fund (UMCVX) and Invesco Equally-Weighted S&P 500 Fund Class A (VADAX). The values are adjusted to include any dividend payments, if applicable.

UMCVX vs. VADAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UMCVX Invesco V.I. American Value Fund	6.17%	21.17%	30.42%	15.70%	-2.53%	27.96%	1.15%	24.95%	-12.56%	9.97%
VADAX Invesco Equally-Weighted S&P 500 Fund Class A	0.54%	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, UMCVX achieves a 6.17% return, which is significantly higher than VADAX's 0.54% return. Over the past 10 years, UMCVX has outperformed VADAX with an annualized return of 13.12%, while VADAX has yielded a comparatively lower 10.69% annualized return.

UMCVX

• 1D: 2.88%
• 1M: -7.04%
• YTD: 6.17%
• 6M: 11.98%
• 1Y: 36.13%
• 3Y*: 26.35%
• 5Y*: 15.92%
• 10Y*: 13.12%

VADAX

• 1D: 2.04%
• 1M: -5.84%
• YTD: 0.54%
• 6M: 1.62%
• 1Y: 12.19%
• 3Y*: 11.36%
• 5Y*: 7.44%
• 10Y*: 10.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UMCVX vs. VADAX - Expense Ratio Comparison

UMCVX has a 0.89% expense ratio, which is higher than VADAX's 0.52% expense ratio.

UMCVX

Invesco V.I. American Value Fund

VADAX

Invesco Equally-Weighted S&P 500 Fund Class A

Return for Risk

UMCVX vs. VADAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMCVX

UMCVX Risk / Return Rank: 80
UMCVX Sharpe Ratio Rank: 78
UMCVX Sortino Ratio Rank: 76
UMCVX Omega Ratio Rank: 77
UMCVX Calmar Ratio Rank: 83
UMCVX Martin Ratio Rank: 86

VADAX

VADAX Risk / Return Rank: 31
VADAX Sharpe Ratio Rank: 28
VADAX Sortino Ratio Rank: 30
VADAX Omega Ratio Rank: 29
VADAX Calmar Ratio Rank: 31
VADAX Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMCVX vs. VADAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco V.I. American Value Fund (UMCVX) 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.

	UMCVX	VADAX	Difference
Sharpe ratio Return per unit of total volatility	1.55	0.72	+0.83
Sortino ratio Return per unit of downside risk	2.09	1.13	+0.96
Omega ratio Gain probability vs. loss probability	1.32	1.16	+0.16
Calmar ratio Return relative to maximum drawdown	2.32	0.91	+1.41
Martin ratio Return relative to average drawdown	9.88	4.10	+5.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UMCVX vs. VADAX - Sharpe Ratio Comparison

The current UMCVX Sharpe Ratio is 1.55, which is higher than the VADAX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of UMCVX and VADAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UMCVX	VADAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	0.72	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.46	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.58	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.45	-0.03

Correlation

The correlation between UMCVX and VADAX is 0.85, 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

UMCVX vs. VADAX - Dividend Comparison

UMCVX's dividend yield for the trailing twelve months is around 15.78%, more than VADAX's 10.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UMCVX Invesco V.I. American Value Fund	15.78%	16.76%	3.11%	25.58%	23.66%	0.42%	1.65%	8.19%	19.87%	1.91%	5.79%	15.77%
VADAX Invesco Equally-Weighted S&P 500 Fund Class A	10.15%	10.21%	8.77%	4.69%	8.49%	9.80%	6.21%	4.49%	6.90%	2.76%	0.30%	2.77%

Drawdowns

UMCVX vs. VADAX - Drawdown Comparison

The maximum UMCVX drawdown since its inception was -59.30%, roughly equal to the maximum VADAX drawdown of -60.27%. Use the drawdown chart below to compare losses from any high point for UMCVX and VADAX.

Drawdown Indicators

	UMCVX	VADAX	Difference
Max Drawdown Largest peak-to-trough decline	-59.30%	-60.27%	+0.97%
Max Drawdown (1Y) Largest decline over 1 year	-15.59%	-12.61%	-2.98%
Max Drawdown (5Y) Largest decline over 5 years	-25.10%	-21.74%	-3.36%
Max Drawdown (10Y) Largest decline over 10 years	-45.77%	-39.32%	-6.45%
Current Drawdown Current decline from peak	-7.09%	-6.01%	-1.08%
Average Drawdown Average peak-to-trough decline	-10.11%	-7.13%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	2.80%	+0.87%

Volatility

UMCVX vs. VADAX - Volatility Comparison

Invesco V.I. American Value Fund (UMCVX) has a higher volatility of 7.58% compared to Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) at 4.47%. This indicates that UMCVX'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.

Volatility by Period

	UMCVX	VADAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	4.47%	+3.11%
Volatility (6M) Calculated over the trailing 6-month period	14.67%	8.87%	+5.80%
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	17.25%	+6.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.16%	16.30%	+10.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.10%	18.54%	+6.56%