VADAX vs. VOO
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) and Vanguard S&P 500 ETF (VOO).
VADAX is managed by Invesco. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADAX or VOO.
Key characteristics
| VADAX | VOO | |
|---|---|---|
| YTD Return | 12.38% | 19.24% |
| 1Y Return | 21.02% | 28.44% |
| 3Y Return (Ann) | 6.20% | 10.06% |
| 5Y Return (Ann) | 11.55% | 15.24% |
| 10Y Return (Ann) | 10.06% | 12.92% |
| Sharpe Ratio | 1.59 | 2.11 |
| Daily Std Dev | 12.56% | 12.65% |
| Max Drawdown | -60.26% | -33.99% |
| Current Drawdown | 0.00% | -0.33% |
Correlation
The correlation between VADAX and VOO 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. VOO - Performance Comparison
In the year-to-date period, VADAX achieves a 12.38% return, which is significantly lower than VOO's 19.24% return. Over the past 10 years, VADAX has underperformed VOO with an annualized return of 10.06%, while VOO has yielded a comparatively higher 12.92% 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. VOO - Expense Ratio Comparison
VADAX has a 0.52% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
VADAX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VADAX's dividend yield for the trailing twelve months is around 4.17%, more than VOO's 1.28% 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% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VADAX vs. VOO - Drawdown Comparison
The maximum VADAX drawdown since its inception was -60.26%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VADAX and VOO. For additional features, visit the drawdowns tool.
Volatility
VADAX vs. VOO - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund Class A (VADAX) is 3.17%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.93%. This indicates that VADAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.