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.
Correlation
The correlation between VADAX and FXAIX is 0.93, 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.
Performance
VADAX vs. FXAIX - Performance Comparison
Key characteristics
VADAX:
1.32
FXAIX:
2.20
VADAX:
1.86
FXAIX:
2.93
VADAX:
1.23
FXAIX:
1.41
VADAX:
2.13
FXAIX:
3.26
VADAX:
6.94
FXAIX:
14.39
VADAX:
2.21%
FXAIX:
1.91%
VADAX:
11.59%
FXAIX:
12.50%
VADAX:
-60.26%
FXAIX:
-33.79%
VADAX:
-5.87%
FXAIX:
-2.91%
Returns By Period
In the year-to-date period, VADAX achieves a 12.95% return, which is significantly lower than FXAIX's 25.57% return. Over the past 10 years, VADAX has underperformed FXAIX with an annualized return of 9.61%, while FXAIX has yielded a comparatively higher 12.86% annualized return.
VADAX
12.95%
-4.12%
7.34%
13.53%
10.32%
9.61%
FXAIX
25.57%
0.00%
8.86%
26.21%
14.72%
12.86%
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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.
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 8.73%, more than FXAIX's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 8.73% | 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 | 0.88% | 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
Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) has a higher volatility of 4.10% compared to Fidelity 500 Index Fund (FXAIX) at 3.70%. This indicates that VADAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.