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.
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.
Performance
VADAX vs. SPY - Performance Comparison
Key characteristics
VADAX:
1.32
SPY:
2.21
VADAX:
1.86
SPY:
2.93
VADAX:
1.23
SPY:
1.41
VADAX:
2.13
SPY:
3.26
VADAX:
6.94
SPY:
14.43
VADAX:
2.21%
SPY:
1.90%
VADAX:
11.59%
SPY:
12.41%
VADAX:
-60.26%
SPY:
-55.19%
VADAX:
-5.87%
SPY:
-2.74%
Returns By Period
In the year-to-date period, VADAX achieves a 12.95% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, VADAX has underperformed SPY with an annualized return of 9.61%, while SPY has yielded a comparatively higher 12.97% annualized return.
VADAX
12.95%
-4.12%
7.34%
13.53%
10.32%
9.61%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VADAX vs. SPY - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is higher than SPY's 0.09% expense ratio.
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 8.73%, more than SPY's 0.86% 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% |
SPY SPDR S&P 500 ETF | 0.86% | 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
Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) has a higher volatility of 4.10% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that VADAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.