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 0.82, 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:
0.46
SPLG:
2.26
VADDX:
0.64
SPLG:
3.00
VADDX:
1.10
SPLG:
1.42
VADDX:
0.45
SPLG:
3.32
VADDX:
2.36
SPLG:
14.73
VADDX:
2.74%
SPLG:
1.90%
VADDX:
14.23%
SPLG:
12.40%
VADDX:
-70.42%
SPLG:
-54.50%
VADDX:
-13.30%
SPLG:
-2.50%
Returns By Period
In the year-to-date period, VADDX achieves a 4.29% return, which is significantly lower than SPLG's 26.00% return. Over the past 10 years, VADDX has underperformed SPLG with an annualized return of 9.57%, while SPLG has yielded a comparatively higher 13.11% annualized return.
VADDX
4.29%
-11.67%
-1.00%
4.83%
10.25%
9.57%
SPLG
26.00%
-0.14%
9.34%
26.48%
14.82%
13.11%
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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 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 has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 0.92%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 0.00% | 1.70% | 1.44% | 1.40% | 1.69% | 1.84% | 1.87% | 1.58% | 1.24% | 1.66% | 1.19% | 1.27% |
SPLG SPDR Portfolio S&P 500 ETF | 0.92% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
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 -54.50%. 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
Invesco Equally-Weighted S&P 500 Fund (VADDX) has a higher volatility of 9.40% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.81%. This indicates that VADDX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.