VADDX vs. IVV
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and iShares Core S&P 500 ETF (IVV).
VADDX is managed by Invesco. It was launched on Jul 28, 1997. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or IVV.
Key characteristics
| VADDX | IVV | |
|---|---|---|
| YTD Return | 11.82% | 19.04% |
| 1Y Return | 19.47% | 26.62% |
| 3Y Return (Ann) | 6.16% | 9.85% |
| 5Y Return (Ann) | 13.15% | 15.18% |
| 10Y Return (Ann) | 10.86% | 12.93% |
| Sharpe Ratio | 1.37 | 2.19 |
| Daily Std Dev | 15.24% | 12.70% |
| Max Drawdown | -70.42% | -55.25% |
| Current Drawdown | -0.46% | -0.51% |
Correlation
The correlation between VADDX and IVV is 0.94, 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. IVV - Performance Comparison
In the year-to-date period, VADDX achieves a 11.82% return, which is significantly lower than IVV's 19.04% return. Over the past 10 years, VADDX has underperformed IVV with an annualized return of 10.86%, while IVV has yielded a comparatively higher 12.93% 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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VADDX vs. IVV - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is higher than IVV's 0.03% 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%.
Risk-Adjusted Performance
VADDX vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
VADDX vs. IVV - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 4.34%, more than IVV's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 4.34% | 4.86% | 8.45% | 9.92% | 12.77% | 4.68% | 7.13% | 2.97% | 1.54% | 1.66% | 2.55% | 3.73% |
IVV iShares Core S&P 500 ETF | 1.27% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
VADDX vs. IVV - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for VADDX and IVV. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. IVV - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 3.34%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.26%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.