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 0.94, 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
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Key characteristics
VADAX:
0.49
SPY:
0.68
VADAX:
0.82
SPY:
1.09
VADAX:
1.11
SPY:
1.16
VADAX:
0.47
SPY:
0.73
VADAX:
1.72
SPY:
2.81
VADAX:
4.92%
SPY:
4.88%
VADAX:
17.41%
SPY:
20.30%
VADAX:
-60.26%
SPY:
-55.19%
VADAX:
-3.41%
SPY:
-2.66%
Returns By Period
In the year-to-date period, VADAX achieves a 3.12% return, which is significantly higher than SPY's 1.80% return. Over the past 10 years, VADAX has underperformed SPY with an annualized return of 9.56%, while SPY has yielded a comparatively higher 12.75% annualized return.
VADAX
3.12%
10.63%
-0.28%
8.51%
9.92%
14.68%
9.56%
SPY
1.80%
13.00%
1.78%
13.78%
16.84%
16.59%
12.75%
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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.
Risk-Adjusted Performance
VADAX vs. SPY — Risk-Adjusted Performance Rank
VADAX
SPY
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.
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Dividends
VADAX vs. SPY - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 8.50%, more than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADAX Invesco Equally-Weighted S&P 500 Fund Class A | 8.50% | 8.77% | 4.69% | 8.49% | 9.80% | 6.21% | 4.49% | 6.90% | 2.76% | 1.33% | 2.77% | 2.37% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
VADAX vs. SPY - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) is 5.13%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.51%. 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.
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