VADAX vs. ALTHX
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and AB Municipal Income Fund National Portfolio (ALTHX).
VADAX is managed by Invesco. ALTHX is managed by AllianceBernstein. It was launched on Dec 28, 1986.
Performance
VADAX vs. ALTHX - Performance Comparison
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VADAX vs. ALTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ALTHX AB Municipal Income Fund National Portfolio | -0.46% | 5.05% | 2.36% | 5.76% | -10.06% | 2.15% | 4.77% | 7.22% | 0.46% | 5.75% |
Returns By Period
In the year-to-date period, VADAX achieves a -1.47% return, which is significantly lower than ALTHX's -0.46% return. Over the past 10 years, VADAX has outperformed ALTHX with an annualized return of 10.47%, while ALTHX has yielded a comparatively lower 2.04% annualized return.
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%
ALTHX
- 1D
- 0.31%
- 1M
- -2.55%
- YTD
- -0.46%
- 6M
- 1.06%
- 1Y
- 3.72%
- 3Y*
- 3.37%
- 5Y*
- 0.85%
- 10Y*
- 2.04%
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VADAX vs. ALTHX - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is lower than ALTHX's 0.75% expense ratio.
Return for Risk
VADAX vs. ALTHX — Risk / Return Rank
VADAX
ALTHX
VADAX vs. ALTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and AB Municipal Income Fund National Portfolio (ALTHX). 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.
| VADAX | ALTHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.96 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.30 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.06 | -0.35 |
Martin ratioReturn relative to average drawdown | 3.23 | 3.35 | -0.13 |
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
| VADAX | ALTHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.96 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.22 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.52 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.11 | -0.67 |
Correlation
The correlation between VADAX and ALTHX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VADAX vs. ALTHX - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 10.36%, more than ALTHX's 3.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ALTHX AB Municipal Income Fund National Portfolio | 3.53% | 4.55% | 3.27% | 2.73% | 2.34% | 1.57% | 2.43% | 2.84% | 3.12% | 3.01% | 3.11% | 3.37% |
Drawdowns
VADAX vs. ALTHX - Drawdown Comparison
The maximum VADAX drawdown since its inception was -60.27%, which is greater than ALTHX's maximum drawdown of -15.22%. Use the drawdown chart below to compare losses from any high point for VADAX and ALTHX.
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Drawdown Indicators
| VADAX | ALTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.27% | -15.22% | -45.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -4.55% | -8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -14.37% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -39.32% | -14.37% | -24.95% |
Current DrawdownCurrent decline from peak | -7.89% | -2.55% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -2.00% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 1.44% | +1.34% |
Volatility
VADAX vs. ALTHX - Volatility Comparison
Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) has a higher volatility of 3.76% compared to AB Municipal Income Fund National Portfolio (ALTHX) at 1.06%. This indicates that VADAX's price experiences larger fluctuations and is considered to be riskier than ALTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VADAX | ALTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 1.06% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 1.72% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.17% | 4.71% | +12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 3.85% | +12.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 3.95% | +14.58% |