VADAX vs. FXAIX
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Fidelity 500 Index Fund (FXAIX).
VADAX is managed by Invesco. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADAX or FXAIX.
Performance
VADAX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, VADAX achieves a 16.23% return, which is significantly lower than FXAIX's 25.06% return. Over the past 10 years, VADAX has underperformed FXAIX with an annualized return of 10.08%, while FXAIX has yielded a comparatively higher 13.01% annualized return.
VADAX
16.23%
-0.12%
8.90%
26.49%
11.75%
10.08%
FXAIX
25.06%
0.60%
11.76%
32.39%
15.52%
13.01%
Key characteristics
| VADAX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.35 | 2.66 |
| Sortino Ratio | 3.26 | 3.55 |
| Omega Ratio | 1.41 | 1.49 |
| Calmar Ratio | 2.92 | 3.86 |
| Martin Ratio | 13.37 | 17.38 |
| Ulcer Index | 2.03% | 1.87% |
| Daily Std Dev | 11.53% | 12.27% |
| Max Drawdown | -60.26% | -33.79% |
| Current Drawdown | -1.80% | -1.74% |
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VADAX vs. FXAIX - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between VADAX and FXAIX 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.
Risk-Adjusted Performance
VADAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
VADAX vs. FXAIX - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 4.03%, more than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 4.03% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 1.33% | 2.77% | 2.37% | 3.56% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
VADAX vs. FXAIX - Drawdown Comparison
The maximum VADAX drawdown since its inception was -60.26%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for VADAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
VADAX vs. FXAIX - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) is 3.58%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.05%. This indicates that VADAX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.