VADAX vs. SCHD
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Schwab US Dividend Equity ETF (SCHD).
VADAX is managed by Invesco. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADAX or SCHD.
Key characteristics
| VADAX | SCHD | |
|---|---|---|
| YTD Return | 12.32% | 12.56% |
| 1Y Return | 21.47% | 18.96% |
| 3Y Return (Ann) | 6.17% | 7.38% |
| 5Y Return (Ann) | 11.69% | 12.84% |
| 10Y Return (Ann) | 10.04% | 11.41% |
| Sharpe Ratio | 1.69 | 1.58 |
| Daily Std Dev | 12.54% | 11.80% |
| Max Drawdown | -60.26% | -33.37% |
| Current Drawdown | -0.19% | -0.46% |
Correlation
The correlation between VADAX and SCHD is 0.91, 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. SCHD - Performance Comparison
The year-to-date returns for both investments are quite close, with VADAX having a 12.32% return and SCHD slightly higher at 12.56%. Over the past 10 years, VADAX has underperformed SCHD with an annualized return of 10.04%, while SCHD has yielded a comparatively higher 11.41% 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. SCHD - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
VADAX vs. SCHD - 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 Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 4.17%, more than SCHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 4.17% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 1.33% | 1.44% | 2.37% | 3.56% |
SCHD Schwab US Dividend Equity ETF | 2.59% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
VADAX vs. SCHD - Drawdown Comparison
The maximum VADAX drawdown since its inception was -60.26%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for VADAX and SCHD. For additional features, visit the drawdowns tool.
Volatility
VADAX vs. SCHD - Volatility Comparison
Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Schwab US Dividend Equity ETF (SCHD) have volatilities of 3.12% and 3.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.