VADAX vs. QQQ
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Invesco QQQ (QQQ).
VADAX is managed by Invesco. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADAX or QQQ.
Key characteristics
| VADAX | QQQ | |
|---|---|---|
| YTD Return | 17.46% | 25.79% |
| 1Y Return | 32.29% | 36.91% |
| 3Y Return (Ann) | 5.73% | 9.89% |
| 5Y Return (Ann) | 12.03% | 21.42% |
| 10Y Return (Ann) | 10.36% | 18.39% |
| Sharpe Ratio | 2.72 | 2.11 |
| Sortino Ratio | 3.80 | 2.78 |
| Omega Ratio | 1.49 | 1.38 |
| Calmar Ratio | 2.60 | 2.69 |
| Martin Ratio | 15.91 | 9.81 |
| Ulcer Index | 2.02% | 3.72% |
| Daily Std Dev | 11.79% | 17.32% |
| Max Drawdown | -60.26% | -82.98% |
| Current Drawdown | -0.76% | -0.24% |
Correlation
The correlation between VADAX and QQQ is 0.77, 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. QQQ - Performance Comparison
In the year-to-date period, VADAX achieves a 17.46% return, which is significantly lower than QQQ's 25.79% return. Over the past 10 years, VADAX has underperformed QQQ with an annualized return of 10.36%, while QQQ has yielded a comparatively higher 18.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VADAX vs. QQQ - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
VADAX vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 3.99%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 3.99% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 1.33% | 2.77% | 2.37% | 3.56% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
VADAX vs. QQQ - Drawdown Comparison
The maximum VADAX drawdown since its inception was -60.26%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VADAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VADAX vs. QQQ - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) is 3.48%, while Invesco QQQ (QQQ) has a volatility of 5.14%. This indicates that VADAX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.