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 | 17.99% | 27.16% |
| 1Y Return | 34.28% | 39.88% |
| 3Y Return (Ann) | 6.09% | 10.28% |
| 5Y Return (Ann) | 13.83% | 16.07% |
| 10Y Return (Ann) | 11.23% | 13.53% |
| Sharpe Ratio | 2.27 | 3.16 |
| Sortino Ratio | 3.24 | 4.21 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 2.59 | 4.60 |
| Martin Ratio | 12.14 | 20.90 |
| Ulcer Index | 2.73% | 1.86% |
| Daily Std Dev | 14.61% | 12.27% |
| Max Drawdown | -70.42% | -54.50% |
| Current Drawdown | 0.00% | 0.00% |
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 17.99% return, which is significantly lower than SPLG's 27.16% return. Over the past 10 years, VADDX has underperformed SPLG with an annualized return of 11.23%, while SPLG has yielded a comparatively higher 13.53% 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 1.44%, more than SPLG's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 1.44% | 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 | 1.22% | 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 3.50%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.94%. 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.