VADDX vs. ^SPXEW

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW).

VADDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 28, 1997.

Performance

VADDX vs. ^SPXEW - Performance Comparison

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

VADDX vs. ^SPXEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VADDX Invesco Equally-Weighted S&P 500 Fund	0.61%	11.16%	12.68%	13.58%	-11.86%	29.27%	12.56%	28.92%	-7.96%	18.55%
^SPXEW S&P 500 Equal Weighted Index	0.50%	9.34%	10.90%	11.56%	-13.11%	27.48%	10.47%	26.57%	-9.43%	16.68%

Returns By Period

In the year-to-date period, VADDX achieves a 0.61% return, which is significantly higher than ^SPXEW's 0.50% return. Over the past 10 years, VADDX has outperformed ^SPXEW with an annualized return of 10.94%, while ^SPXEW has yielded a comparatively lower 9.30% annualized return.

VADDX

• 1D: 2.06%
• 1M: -5.82%
• YTD: 0.61%
• 6M: 1.75%
• 1Y: 12.48%
• 3Y*: 11.64%
• 5Y*: 7.70%
• 10Y*: 10.94%

^SPXEW

• 1D: 0.32%
• 1M: -5.69%
• YTD: 0.50%
• 6M: 1.23%
• 1Y: 10.97%
• 3Y*: 9.90%
• 5Y*: 6.06%
• 10Y*: 9.30%

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

Return for Risk

VADDX vs. ^SPXEW — Risk / Return Rank

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

VADDX

VADDX Risk / Return Rank: 32
VADDX Sharpe Ratio Rank: 29
VADDX Sortino Ratio Rank: 31
VADDX Omega Ratio Rank: 30
VADDX Calmar Ratio Rank: 31
VADDX Martin Ratio Rank: 38

^SPXEW

^SPXEW Risk / Return Rank: 40
^SPXEW Sharpe Ratio Rank: 40
^SPXEW Sortino Ratio Rank: 39
^SPXEW Omega Ratio Rank: 42
^SPXEW Calmar Ratio Rank: 37
^SPXEW Martin Ratio Rank: 44

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.

VADDX vs. ^SPXEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW). 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.

	VADDX	^SPXEW	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.64	+0.10
Sortino ratio Return per unit of downside risk	1.15	1.02	+0.13
Omega ratio Gain probability vs. loss probability	1.16	1.14	+0.02
Calmar ratio Return relative to maximum drawdown	0.93	0.88	+0.05
Martin ratio Return relative to average drawdown	4.21	3.88	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VADDX vs. ^SPXEW - Sharpe Ratio Comparison

The current VADDX Sharpe Ratio is 0.74, which is comparable to the ^SPXEW Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of VADDX and ^SPXEW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VADDX	^SPXEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.64	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.37	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.51	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.48	-0.02

Correlation

The correlation between VADDX and ^SPXEW is 0.99, 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.

Drawdowns

VADDX vs. ^SPXEW - Drawdown Comparison

The maximum VADDX drawdown since its inception was -60.12%, roughly equal to the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for VADDX and ^SPXEW.

Drawdown Indicators

	VADDX	^SPXEW	Difference
Max Drawdown Largest peak-to-trough decline	-60.12%	-60.83%	+0.71%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-12.61%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-22.47%	+0.89%
Max Drawdown (10Y) Largest decline over 10 years	-39.39%	-39.21%	-0.18%
Current Drawdown Current decline from peak	-5.99%	-5.88%	-0.11%
Average Drawdown Average peak-to-trough decline	-7.03%	-7.05%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.86%	-0.06%

Volatility

VADDX vs. ^SPXEW - Volatility Comparison

Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW) have volatilities of 4.48% and 4.39%, 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

	VADDX	^SPXEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.39%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	8.87%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	17.19%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	16.26%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.54%	18.43%	+0.11%