VADDX vs. SPY
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and SPDR S&P 500 ETF (SPY).
VADDX is managed by Invesco. It was launched on Jul 28, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or SPY.
Performance
VADDX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VADDX achieves a 16.49% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, VADDX has underperformed SPY with an annualized return of 10.95%, while SPY has yielded a comparatively higher 13.04% annualized return.
VADDX
16.49%
-0.10%
9.03%
26.81%
13.55%
10.95%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| VADDX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.91 | 2.67 |
| Sortino Ratio | 2.74 | 3.56 |
| Omega Ratio | 1.40 | 1.50 |
| Calmar Ratio | 3.10 | 3.85 |
| Martin Ratio | 10.00 | 17.38 |
| Ulcer Index | 2.74% | 1.86% |
| Daily Std Dev | 14.38% | 12.17% |
| Max Drawdown | -70.42% | -55.19% |
| Current Drawdown | -1.79% | -1.77% |
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VADDX vs. SPY - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between VADDX and SPY is 0.93, 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.
Risk-Adjusted Performance
VADDX vs. SPY - 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 S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 1.46%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 1.46% | 1.70% | 1.44% | 1.40% | 1.69% | 1.84% | 1.87% | 1.58% | 1.24% | 1.66% | 1.19% | 1.27% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VADDX vs. SPY - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VADDX and SPY. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. SPY - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 3.58%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.