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.
Key characteristics
VADDX | SPLG | |
---|---|---|
YTD Return | 12.53% | 18.95% |
1Y Return | 21.77% | 28.24% |
3Y Return (Ann) | 6.44% | 9.93% |
5Y Return (Ann) | 13.48% | 15.34% |
10Y Return (Ann) | 10.91% | 12.89% |
Sharpe Ratio | 1.42 | 2.23 |
Daily Std Dev | 15.19% | 12.57% |
Max Drawdown | -70.42% | -54.50% |
Current Drawdown | -0.18% | -0.60% |
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
In the year-to-date period, VADDX achieves a 12.53% return, which is significantly lower than SPLG's 18.95% return. Over the past 10 years, VADDX has underperformed SPLG with an annualized return of 10.91%, while SPLG has yielded a comparatively higher 12.89% 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. 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's dividend yield for the trailing twelve months is around 4.31%, more than SPLG's 0.98% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Invesco Equally-Weighted S&P 500 Fund | 4.31% | 4.86% | 8.45% | 9.92% | 12.77% | 4.68% | 7.13% | 2.97% | 1.54% | 1.66% | 2.55% | 3.73% |
SPDR Portfolio S&P 500 ETF | 0.98% | 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
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 3.12%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.81%. 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.