VADDX vs. SPXX
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX).
VADDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 28, 1997. SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005.
Performance
VADDX vs. SPXX - Performance Comparison
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VADDX vs. SPXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 0.94% | 11.16% | 12.68% | 13.58% | -11.86% | 29.27% | 12.56% | 28.92% | -7.96% | 18.55% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | -8.51% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
Returns By Period
In the year-to-date period, VADDX achieves a 0.94% return, which is significantly higher than SPXX's -8.51% return. Over the past 10 years, VADDX has outperformed SPXX with an annualized return of 10.98%, while SPXX has yielded a comparatively lower 9.26% annualized return.
VADDX
- 1D
- 0.32%
- 1M
- -4.34%
- YTD
- 0.94%
- 6M
- 1.84%
- 1Y
- 11.84%
- 3Y*
- 11.76%
- 5Y*
- 7.77%
- 10Y*
- 10.98%
SPXX
- 1D
- -0.74%
- 1M
- -6.76%
- YTD
- -8.51%
- 6M
- -4.48%
- 1Y
- 2.30%
- 3Y*
- 9.10%
- 5Y*
- 6.97%
- 10Y*
- 9.26%
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VADDX vs. SPXX - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is lower than SPXX's 0.89% expense ratio.
Return for Risk
VADDX vs. SPXX — Risk / Return Rank
VADDX
SPXX
VADDX vs. SPXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX). 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.
| VADDX | SPXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.13 | +0.62 |
Sortino ratioReturn per unit of downside risk | 1.17 | 0.32 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.04 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.24 | +0.86 |
Martin ratioReturn relative to average drawdown | 4.92 | 0.81 | +4.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VADDX | SPXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.13 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.44 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.50 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.36 | +0.10 |
Correlation
The correlation between VADDX and SPXX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VADDX vs. SPXX - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 9.99%, more than SPXX's 8.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 9.99% | 10.09% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 0.30% | 2.98% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.34% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
Drawdowns
VADDX vs. SPXX - Drawdown Comparison
The maximum VADDX drawdown since its inception was -60.12%, which is greater than SPXX's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for VADDX and SPXX.
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Drawdown Indicators
| VADDX | SPXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.12% | -52.39% | -7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -11.86% | +3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -18.09% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -43.99% | +4.60% |
Current DrawdownCurrent decline from peak | -5.68% | -9.91% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -7.51% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.80% | -0.98% |
Volatility
VADDX vs. SPXX - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 4.41%, while Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) has a volatility of 4.90%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than SPXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VADDX | SPXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.90% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 9.28% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 17.98% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 15.80% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 18.39% | +0.15% |