VADAX vs. SPY
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and SPDR S&P 500 ETF (SPY).
VADAX is managed by Invesco. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADAX or SPY.
Performance
VADAX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VADAX achieves a 17.81% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, VADAX has underperformed SPY with an annualized return of 10.18%, while SPY has yielded a comparatively higher 13.10% annualized return.
VADAX
17.81%
2.56%
12.41%
27.31%
12.02%
10.18%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| VADAX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.41 | 2.70 |
| Sortino Ratio | 3.34 | 3.60 |
| Omega Ratio | 1.42 | 1.50 |
| Calmar Ratio | 3.22 | 3.90 |
| Martin Ratio | 13.72 | 17.52 |
| Ulcer Index | 2.03% | 1.87% |
| Daily Std Dev | 11.57% | 12.14% |
| Max Drawdown | -60.26% | -55.19% |
| Current Drawdown | -0.46% | -0.85% |
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VADAX vs. SPY - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between VADAX and SPY 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.
Risk-Adjusted Performance
VADAX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 3.98%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 3.98% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 1.33% | 2.77% | 2.37% | 3.56% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VADAX vs. SPY - Drawdown Comparison
The maximum VADAX drawdown since its inception was -60.26%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VADAX and SPY. For additional features, visit the drawdowns tool.
Volatility
VADAX vs. SPY - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) is 3.64%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that VADAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.