VADDX vs. ^SPXEW
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and S&P 500 Equal Weighted Index (^SPXEW).
VADDX is managed by Invesco. It was launched on Jul 28, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or ^SPXEW.
Key characteristics
| VADDX | ^SPXEW | |
|---|---|---|
| YTD Return | 17.99% | 16.42% |
| 1Y Return | 34.28% | 32.08% |
| 3Y Return (Ann) | 6.09% | 4.40% |
| 5Y Return (Ann) | 13.83% | 10.52% |
| 10Y Return (Ann) | 11.23% | 8.83% |
| Sharpe Ratio | 2.27 | 2.62 |
| Sortino Ratio | 3.24 | 3.67 |
| Omega Ratio | 1.47 | 1.47 |
| Calmar Ratio | 2.59 | 2.02 |
| Martin Ratio | 12.14 | 14.89 |
| Ulcer Index | 2.73% | 2.08% |
| Daily Std Dev | 14.61% | 11.81% |
| Max Drawdown | -70.42% | -60.83% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
VADDX vs. ^SPXEW - Performance Comparison
In the year-to-date period, VADDX achieves a 17.99% return, which is significantly higher than ^SPXEW's 16.42% return. Over the past 10 years, VADDX has outperformed ^SPXEW with an annualized return of 11.23%, while ^SPXEW has yielded a comparatively lower 8.83% 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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Risk-Adjusted Performance
VADDX vs. ^SPXEW - Risk-Adjusted Performance 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.
Drawdowns
VADDX vs. ^SPXEW - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than ^SPXEW's maximum drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for VADDX and ^SPXEW. For additional features, visit the drawdowns tool.
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 3.50% and 3.50%, 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.