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.
Correlation
The correlation between VADDX and SPY is 0.92, 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. SPY - Performance Comparison
Key characteristics
VADDX:
0.46
SPY:
2.21
VADDX:
0.64
SPY:
2.93
VADDX:
1.10
SPY:
1.41
VADDX:
0.45
SPY:
3.26
VADDX:
2.36
SPY:
14.43
VADDX:
2.74%
SPY:
1.90%
VADDX:
14.23%
SPY:
12.41%
VADDX:
-70.42%
SPY:
-55.19%
VADDX:
-13.30%
SPY:
-2.74%
Returns By Period
In the year-to-date period, VADDX achieves a 4.29% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, VADDX has underperformed SPY with an annualized return of 9.57%, while SPY has yielded a comparatively higher 12.97% annualized return.
VADDX
4.29%
-11.67%
-1.00%
4.83%
10.25%
9.57%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| 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% |
SPY SPDR S&P 500 ETF | 0.86% | 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
Invesco Equally-Weighted S&P 500 Fund (VADDX) has a higher volatility of 9.40% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that VADDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.