VADAX vs. VADDX

Last updated Jun 23, 2026

VADAX (Invesco Equally-Weighted S&P 500 Fund Class A) and VADDX (Invesco Equally-Weighted S&P 500 Fund) are both mutual funds - VADAX is a Large Cap Blend Equities fund managed by Invesco, while VADDX is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Over the past 10 years, VADAX returned 11.46%/yr vs 11.71%/yr for VADDX. With a 1.00 correlation, they move nearly in lockstep. VADAX charges 0.52%/yr vs 0.27%/yr for VADDX.

Performance

VADAX vs. VADDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Invesco Equally-Weighted S&P 500 Fund (VADDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VADAX having a 9.99% return and VADDX slightly higher at 10.12%. Both investments have delivered pretty close results over the past 10 years, with VADAX having a 11.46% annualized return and VADDX not far ahead at 11.71%.

VADAX

• 1D: 0.55%
• 1M: 1.67%
• YTD: 9.99%
• 6M: 8.81%
• 1Y: 19.83%
• 3Y*: 13.69%
• 5Y*: 8.84%
• 10Y*: 11.46%

VADDX

• 1D: 0.55%
• 1M: 1.70%
• YTD: 10.12%
• 6M: 8.95%
• 1Y: 20.14%
• 3Y*: 13.97%
• 5Y*: 9.11%
• 10Y*: 11.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VADAX vs. VADDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VADAX Invesco Equally-Weighted S&P 500 Fund Class A	9.99%	10.89%	12.40%	13.29%	-12.07%	28.93%	12.30%	28.59%	-8.19%	18.26%
VADDX Invesco Equally-Weighted S&P 500 Fund	10.12%	11.16%	12.68%	13.58%	-11.86%	29.27%	12.56%	28.92%	-7.96%	18.55%

Correlation

The correlation between VADAX and VADDX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997	1.00

The correlation between VADAX and VADDX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

VADAX vs. VADDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VADAX

VADAX Risk / Return Rank: 43
VADAX Sharpe Ratio Rank: 40
VADAX Sortino Ratio Rank: 40
VADAX Omega Ratio Rank: 36
VADAX Calmar Ratio Rank: 49
VADAX Martin Ratio Rank: 50

VADDX

VADDX Risk / Return Rank: 44
VADDX Sharpe Ratio Rank: 41
VADDX Sortino Ratio Rank: 41
VADDX Omega Ratio Rank: 37
VADDX Calmar Ratio Rank: 51
VADDX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VADAX vs. VADDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Invesco Equally-Weighted S&P 500 Fund (VADDX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VADAX	VADDX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.73	-0.03
Sortino ratio: Return per unit of downside risk	2.46	2.49	-0.03
Omega ratio: Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	2.56	2.61	-0.04
Martin ratio: Return relative to average drawdown	9.65	9.84	-0.19

VADAX vs. VADDX - Sharpe Ratio Comparison

The current VADAX Sharpe Ratio is 1.70, which is comparable to the VADDX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of VADAX and VADDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VADAX vs. VADDX - Drawdown Comparison

The maximum VADAX drawdown since its inception was -60.27%, roughly equal to the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for VADAX and VADDX.

Drawdown Indicators

	VADAX	VADDX	Difference
Max Drawdown Largest peak-to-trough decline	-60.27%	-60.12%	-0.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-7.88%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-17.92%	-17.86%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-21.74%	-21.58%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-39.32%	-39.39%	+0.07%
Current Drawdown Current decline from peak	-1.30%	-1.29%	-0.01%
Average Drawdown Average peak-to-trough decline	-7.09%	-6.99%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.08%	+0.01%

Volatility

VADAX vs. VADDX - Volatility Comparison

Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Invesco Equally-Weighted S&P 500 Fund (VADDX) have volatilities of 3.78% and 3.79%, 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.

Volatility by Period

	VADAX	VADDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.79%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.79%	8.80%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	11.90%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	16.31%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	18.55%	0.00%

VADAX vs. VADDX - Expense Ratio Comparison

VADAX has a 0.52% expense ratio, which is higher than VADDX's 0.27% expense ratio.

Dividends

VADAX vs. VADDX - Dividend Comparison

VADAX's dividend yield for the trailing twelve months is around 9.28%, more than VADDX's 9.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VADAX Invesco Equally-Weighted S&P 500 Fund Class A	9.28%	10.21%	8.77%	4.69%	8.49%	9.80%	6.21%	4.49%	6.90%	2.76%	0.30%	2.77%
VADDX Invesco Equally-Weighted S&P 500 Fund	9.16%	10.09%	8.88%	4.86%	8.45%	9.92%	6.38%	4.68%	7.13%	2.97%	0.30%	2.98%

Frequently Asked Questions

Can I hold both VADAX and VADDX in my portfolio?

With a correlation of 1.00, VADAX and VADDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VADAX or VADDX?

VADDX has higher volatility (3.79%) compared to VADAX (3.78%). In terms of maximum drawdown, VADAX dropped -60.27% vs VADDX's -60.12%.

Which has better risk-adjusted returns?

VADDX currently has the higher Sharpe Ratio (1.73 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.