VADDX vs. FSTEX

Last updated Aug 1, 2026

VADDX (Invesco Equally-Weighted S&P 500 Fund) and FSTEX (Invesco Energy Fund) are both mutual funds - VADDX is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while FSTEX is a Energy Equities fund managed by Invesco. Over the past 10 years, VADDX returned 11.61%/yr vs 7.77%/yr for FSTEX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. VADDX charges 0.27%/yr vs 1.36%/yr for FSTEX.

Performance

VADDX vs. FSTEX - Performance Comparison

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

Returns By Period

In the year-to-date period, VADDX achieves a 13.28% return, which is significantly lower than FSTEX's 32.80% return. Over the past 10 years, VADDX has outperformed FSTEX with an annualized return of 11.61%, while FSTEX has yielded a comparatively lower 7.77% annualized return.

VADDX

• 1D: -0.19%
• 1M: 0.16%
• 6M: 9.58%
• YTD: 13.28%
• 1Y: 20.46%
• 3Y*: 13.37%
• 5Y*: 8.79%
• 10Y*: 11.61%
• ALL TIME*: 9.44%

FSTEX

• 1D: 0.78%
• 1M: 12.82%
• 6M: 18.22%
• YTD: 32.80%
• 1Y: 42.48%
• 3Y*: 16.16%
• 5Y*: 24.17%
• 10Y*: 7.77%
• ALL TIME*: 6.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSTEX Invesco Energy Fund	$0.00	$0.00	$0.00
VADDX Invesco Equally-Weighted S&P 500 Fund	$0.00	$0.00	$0.00

VADDX vs. FSTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VADDX Invesco Equally-Weighted S&P 500 Fund	13.28%	11.16%	12.68%	13.58%	-11.86%	29.27%	12.56%	28.92%	-7.96%	18.55%
FSTEX Invesco Energy Fund	32.80%	12.31%	6.00%	0.28%	52.85%	55.99%	-32.13%	4.78%	-26.82%	-8.26%

Correlation

The correlation between VADDX and FSTEX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.42
Correlation (10Y) Provides a long-term view across more market conditions.	0.54
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997	0.59

Over the past year, the correlation between VADDX and FSTEX has dropped to 0.05 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

VADDX vs. FSTEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VADDX

VADDX Risk / Return Rank: 69
VADDX Sharpe Ratio Rank: 67
VADDX Sortino Ratio Rank: 68
VADDX Omega Ratio Rank: 63
VADDX Calmar Ratio Rank: 72
VADDX Martin Ratio Rank: 75

FSTEX

FSTEX Risk / Return Rank: 73
FSTEX Sharpe Ratio Rank: 82
FSTEX Sortino Ratio Rank: 74
FSTEX Omega Ratio Rank: 74
FSTEX Calmar Ratio Rank: 74
FSTEX Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VADDX vs. FSTEX - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VADDX	FSTEX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.97	-0.43
Sortino ratio: Return per unit of downside risk	2.26	2.54	-0.28
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.05
Calmar ratio: Return relative to maximum drawdown	2.31	2.41	-0.10
Martin ratio: Return relative to average drawdown	8.94	7.66	+1.28

VADDX vs. FSTEX - Sharpe Ratio Comparison

The current VADDX Sharpe Ratio is 1.55, which is comparable to the FSTEX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of VADDX and FSTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VADDX vs. FSTEX - Drawdown Comparison

The maximum VADDX drawdown since its inception was -60.12%, smaller than the maximum FSTEX drawdown of -83.31%. Use the drawdown chart below to compare losses from any high point for VADDX and FSTEX.

Drawdown Indicators

	VADDX	FSTEX	Difference
Max Drawdown Largest peak-to-trough decline	-60.12%	-83.31%	+23.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.88%	-16.54%	+8.66%
Max Drawdown (3Y) Largest decline over 3 years	-17.86%	-18.58%	+0.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-26.88%	+5.30%
Max Drawdown (10Y) Largest decline over 10 years	-39.39%	-73.41%	+34.02%
Current Drawdown Current decline from peak	-1.06%	-4.89%	+3.83%
Average Drawdown Average peak-to-trough decline	-6.97%	-25.14%	+18.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	5.23%	-3.17%

Volatility

VADDX vs. FSTEX - Volatility Comparison

The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 2.88%, while Invesco Energy Fund (FSTEX) has a volatility of 6.68%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than FSTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VADDX	FSTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	6.68%	-3.80%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	16.59%	-8.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	20.23%	-8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	24.99%	-8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	29.59%	-11.13%

VADDX vs. FSTEX - Expense Ratio Comparison

VADDX has a 0.27% expense ratio, which is lower than FSTEX's 1.36% expense ratio.

Dividends

VADDX vs. FSTEX - Dividend Comparison

VADDX's dividend yield for the trailing twelve months is around 8.91%, more than FSTEX's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTEX Invesco Energy Fund	1.67%	2.22%	4.03%	2.11%	0.89%	1.80%	2.21%	1.53%	3.05%	2.22%	1.10%	1.58%
VADDX Invesco Equally-Weighted S&P 500 Fund	8.91%	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

Can I hold both VADDX and FSTEX in my portfolio?

VADDX and FSTEX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VADDX or FSTEX?

FSTEX has higher volatility (6.68%) compared to VADDX (2.88%). In terms of maximum drawdown, VADDX dropped -60.12% vs FSTEX's -83.31%.

Which has better risk-adjusted returns?

FSTEX currently has the higher Sharpe Ratio (1.97 vs 1.55), 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.