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.
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
Key characteristics
VADDX:
0.77
^SPXEW:
1.44
VADDX:
1.03
^SPXEW:
2.01
VADDX:
1.16
^SPXEW:
1.26
VADDX:
0.61
^SPXEW:
2.23
VADDX:
2.48
^SPXEW:
6.10
VADDX:
4.16%
^SPXEW:
2.74%
VADDX:
13.47%
^SPXEW:
11.63%
VADDX:
-70.42%
^SPXEW:
-60.83%
VADDX:
-8.89%
^SPXEW:
-2.74%
Returns By Period
The year-to-date returns for both stocks are quite close, with VADDX having a 4.02% return and ^SPXEW slightly lower at 3.96%. Over the past 10 years, VADDX has underperformed ^SPXEW with an annualized return of 6.12%, while ^SPXEW has yielded a comparatively higher 8.86% annualized return.
VADDX
4.02%
2.55%
1.09%
9.84%
4.72%
6.12%
^SPXEW
3.96%
2.34%
7.29%
15.59%
9.70%
8.86%
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Risk-Adjusted Performance
VADDX vs. ^SPXEW — Risk-Adjusted Performance Rank
VADDX
^SPXEW
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
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 2.77%, while S&P 500 Equal Weighted Index (^SPXEW) has a volatility of 3.22%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.