VADAX vs. IVNQX

Last updated Aug 4, 2026

VADAX (Invesco Equally-Weighted S&P 500 Fund Class A) and IVNQX (Invesco Nasdaq 100 Index Fund) are both mutual funds - VADAX is a Large Cap Blend Equities fund tracking the S&P 500 Equal Weight Index, while IVNQX is a Large Cap Growth Equities fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 5 years, VADAX returned 8.48%/yr vs 14.28%/yr for IVNQX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. VADAX charges 0.53%/yr vs 0.29%/yr for IVNQX.

Performance

VADAX vs. IVNQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Invesco Nasdaq 100 Index Fund (IVNQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VADAX achieves a 12.90% return, which is significantly higher than IVNQX's 12.16% return.

VADAX

• 1D: -0.18%
• 1M: -0.05%
• 6M: 8.68%
• YTD: 12.90%
• 1Y: 19.95%
• 3Y*: 13.16%
• 5Y*: 8.48%
• 10Y*: 11.45%
• ALL TIME*: 9.18%

IVNQX

• 1D: 0.59%
• 1M: -3.59%
• 6M: 10.05%
• YTD: 12.16%
• 1Y: 24.62%
• 3Y*: 22.18%
• 5Y*: 14.28%
• 10Y*: —
• ALL TIME*: 16.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVNQX Invesco Nasdaq 100 Index Fund	$0.00	$0.00	$0.00
VADAX Invesco Equally-Weighted S&P 500 Fund Class A	$0.00	$0.00	$0.00

VADAX vs. IVNQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VADAX Invesco Equally-Weighted S&P 500 Fund Class A	12.90%	10.89%	12.40%	13.29%	-12.07%	28.93%	13.16%
IVNQX Invesco Nasdaq 100 Index Fund	12.16%	20.77%	25.43%	54.62%	-32.05%	26.75%	8.46%

Correlation

The correlation between VADAX and IVNQX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020	0.69

The correlation between VADAX and IVNQX shifts across timeframes, from 0.52 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VADAX vs. IVNQX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VADAX

VADAX Risk / Return Rank: 65
VADAX Sharpe Ratio Rank: 62
VADAX Sortino Ratio Rank: 64
VADAX Omega Ratio Rank: 57
VADAX Calmar Ratio Rank: 70
VADAX Martin Ratio Rank: 70

IVNQX

IVNQX Risk / Return Rank: 36
IVNQX Sharpe Ratio Rank: 34
IVNQX Sortino Ratio Rank: 32
IVNQX Omega Ratio Rank: 31
IVNQX Calmar Ratio Rank: 44
IVNQX Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VADAX vs. IVNQX - 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 Invesco Nasdaq 100 Index Fund (IVNQX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VADAX	IVNQX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.15	+0.45
Sortino ratio: Return per unit of downside risk	2.34	1.64	+0.70
Omega ratio: Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio: Return relative to maximum drawdown	2.38	1.87	+0.52
Martin ratio: Return relative to average drawdown	9.20	5.97	+3.23

VADAX vs. IVNQX - Sharpe Ratio Comparison

The current VADAX Sharpe Ratio is 1.61, which is higher than the IVNQX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of VADAX and IVNQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VADAX vs. IVNQX - Drawdown Comparison

The maximum VADAX drawdown since its inception was -60.27%, which is greater than IVNQX's maximum drawdown of -34.83%. Use the drawdown chart below to compare losses from any high point for VADAX and IVNQX.

Drawdown Indicators

	VADAX	IVNQX	Difference
Max Drawdown Largest peak-to-trough decline	-60.27%	-34.83%	-25.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-11.95%	+4.06%
Max Drawdown (3Y) Largest decline over 3 years	-17.92%	-22.70%	+4.78%
Max Drawdown (5Y) Largest decline over 5 years	-21.74%	-34.83%	+13.09%
Max Drawdown (10Y) Largest decline over 10 years	-39.32%	—	—
Current Drawdown Current decline from peak	-1.24%	-7.74%	+6.50%
Average Drawdown Average peak-to-trough decline	-7.06%	-8.12%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	3.73%	-1.68%

Volatility

VADAX vs. IVNQX - Volatility Comparison

The current volatility for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) is 2.88%, while Invesco Nasdaq 100 Index Fund (IVNQX) has a volatility of 6.81%. This indicates that VADAX experiences smaller price fluctuations and is considered to be less risky than IVNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VADAX	IVNQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	6.81%	-3.93%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	15.95%	-7.39%
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	19.39%	-7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	22.98%	-6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.45%	22.60%	-4.15%

VADAX vs. IVNQX - Expense Ratio Comparison

VADAX has a 0.53% expense ratio, which is higher than IVNQX's 0.29% expense ratio.

Dividends

VADAX vs. IVNQX - Dividend Comparison

VADAX's dividend yield for the trailing twelve months is around 9.04%, more than IVNQX's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVNQX Invesco Nasdaq 100 Index Fund	1.17%	1.31%	0.72%	0.54%	0.73%	0.84%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%
VADAX Invesco Equally-Weighted S&P 500 Fund Class A	9.04%	10.21%	8.77%	4.69%	8.49%	9.80%	6.21%	4.49%	6.90%	2.76%	0.30%	2.77%

Frequently Asked Questions

Can I hold both VADAX and IVNQX in my portfolio?

VADAX and IVNQX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VADAX or IVNQX?

IVNQX has higher volatility (6.81%) compared to VADAX (2.88%). In terms of maximum drawdown, VADAX dropped -60.27% vs IVNQX's -34.83%.

Which has better risk-adjusted returns?

VADAX currently has the higher Sharpe Ratio (1.61 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.