VADDX vs. BSPIX
VADDX (Invesco Equally-Weighted S&P 500 Fund) and BSPIX (iShares S&P 500 Index Fund Institutional Class) are both S&P 500 funds - VADDX tracks the S&P 500 Equal Weight Index while BSPIX tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, VADDX returned 11.61%/yr vs 15.38%/yr for BSPIX. Their correlation of 0.90 suggests significant overlap in exposure. VADDX charges 0.27%/yr vs 0.10%/yr for BSPIX.
Performance
VADDX vs. BSPIX - Performance Comparison
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Returns By Period
In the year-to-date period, VADDX achieves a 9.59% return, which is significantly lower than BSPIX's 10.83% return. Over the past 10 years, VADDX has underperformed BSPIX with an annualized return of 11.61%, while BSPIX has yielded a comparatively higher 15.38% annualized return.
VADDX
- 1D
- -0.42%
- 1M
- 2.87%
- YTD
- 9.59%
- 6M
- 10.02%
- 1Y
- 19.62%
- 3Y*
- 15.10%
- 5Y*
- 8.20%
- 10Y*
- 11.61%
BSPIX
- 1D
- -0.74%
- 1M
- 4.16%
- YTD
- 10.83%
- 6M
- 10.73%
- 1Y
- 27.88%
- 3Y*
- 22.33%
- 5Y*
- 13.80%
- 10Y*
- 15.38%
VADDX vs. BSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 9.59% | 11.16% | 12.68% | 13.58% | -11.86% | 29.27% | 12.56% | 28.92% | -7.96% | 18.55% |
BSPIX iShares S&P 500 Index Fund Institutional Class | 10.83% | 17.75% | 24.85% | 26.17% | -18.20% | 28.55% | 18.35% | 31.35% | -4.87% | 21.20% |
Correlation
The correlation between VADDX and BSPIX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.90 |
The correlation between VADDX and BSPIX shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VADDX vs. BSPIX — Risk / Return Rank
VADDX
BSPIX
VADDX vs. BSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and iShares S&P 500 Index Fund Institutional Class (BSPIX). 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 | BSPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 3.14 | -0.67 |
| Martin ratioReturn relative to average drawdown | 9.36 | 14.68 | -5.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VADDX | BSPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.36 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.82 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.86 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.80 | -0.33 |
Drawdowns
VADDX vs. BSPIX - Drawdown Comparison
The maximum VADDX drawdown since its inception was -60.12%, which is greater than BSPIX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for VADDX and BSPIX.
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Drawdown Indicators
| VADDX | BSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.12% | -33.75% | -26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.88% | -8.91% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -18.74% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -24.55% | +2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -33.75% | -5.64% |
Current DrawdownCurrent decline from peak | -0.42% | -0.74% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -3.93% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.90% | +0.17% |
Volatility
VADDX vs. BSPIX - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 2.60%, while iShares S&P 500 Index Fund Institutional Class (BSPIX) has a volatility of 2.93%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than BSPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VADDX | BSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.93% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 8.99% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 11.88% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 16.88% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 18.02% | +0.52% |
VADDX vs. BSPIX - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is higher than BSPIX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VADDX vs. BSPIX - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 9.20%, more than BSPIX's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSPIX iShares S&P 500 Index Fund Institutional Class | 1.52% | 1.66% | 1.35% | 1.44% | 1.94% | 1.76% | 1.60% | 1.92% | 1.94% | 1.57% | 2.30% | 2.42% |
VADDX Invesco Equally-Weighted S&P 500 Fund | 9.20% | 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
VADDX and BSPIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSPIX has higher volatility (2.93%) compared to VADDX (2.60%). In terms of maximum drawdown, VADDX dropped -60.12% vs BSPIX's -33.75%.
BSPIX currently has the higher Sharpe Ratio (2.36 vs 1.68), 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.
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