VADDX vs. SPLG
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and SPDR Portfolio S&P 500 ETF (SPLG).
VADDX is managed by Invesco. It was launched on Jul 28, 1997. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or SPLG.
Correlation
The correlation between VADDX and SPLG is 0.81, 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. SPLG - Performance Comparison
Key characteristics
VADDX:
0.52
SPLG:
1.77
VADDX:
0.73
SPLG:
2.38
VADDX:
1.11
SPLG:
1.32
VADDX:
0.47
SPLG:
2.67
VADDX:
1.41
SPLG:
11.06
VADDX:
4.90%
SPLG:
2.03%
VADDX:
13.28%
SPLG:
12.74%
VADDX:
-70.42%
SPLG:
-54.52%
VADDX:
-10.12%
SPLG:
-2.09%
Returns By Period
In the year-to-date period, VADDX achieves a 2.62% return, which is significantly higher than SPLG's 2.39% return. Over the past 10 years, VADDX has underperformed SPLG with an annualized return of 5.53%, while SPLG has yielded a comparatively higher 13.04% annualized return.
VADDX
2.62%
-1.44%
-2.92%
5.29%
4.95%
5.53%
SPLG
2.39%
-1.59%
7.50%
19.80%
15.09%
13.04%
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VADDX vs. SPLG - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is higher than SPLG'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. SPLG — Risk-Adjusted Performance Rank
VADDX
SPLG
VADDX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and SPDR Portfolio S&P 500 ETF (SPLG). 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. SPLG - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 1.62%, more than SPLG's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 1.62% | 1.66% | 1.70% | 1.44% | 1.40% | 1.69% | 1.84% | 1.87% | 1.58% | 1.24% | 1.66% | 1.19% |
SPLG SPDR Portfolio S&P 500 ETF | 1.25% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
VADDX vs. SPLG - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for VADDX and SPLG. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. SPLG - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 2.69%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.34%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.