VADDX vs. SWPPX
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and Schwab S&P 500 Index Fund (SWPPX).
VADDX is managed by Invesco. It was launched on Jul 28, 1997. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or SWPPX.
Performance
VADDX vs. SWPPX - Performance Comparison
Returns By Period
In the year-to-date period, VADDX achieves a 18.07% return, which is significantly lower than SWPPX's 26.21% return. Over the past 10 years, VADDX has underperformed SWPPX with an annualized return of 11.05%, while SWPPX has yielded a comparatively higher 13.15% annualized return.
VADDX
18.07%
2.58%
12.54%
27.62%
13.82%
11.05%
SWPPX
26.21%
1.78%
13.65%
32.35%
15.69%
13.15%
Key characteristics
| VADDX | SWPPX | |
|---|---|---|
| Sharpe Ratio | 1.96 | 2.67 |
| Sortino Ratio | 2.81 | 3.56 |
| Omega Ratio | 1.40 | 1.50 |
| Calmar Ratio | 3.44 | 3.89 |
| Martin Ratio | 10.29 | 17.43 |
| Ulcer Index | 2.74% | 1.89% |
| Daily Std Dev | 14.40% | 12.31% |
| Max Drawdown | -70.42% | -55.06% |
| Current Drawdown | -0.46% | -0.82% |
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VADDX vs. SWPPX - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is higher than SWPPX's 0.02% 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 SWPPX is 0.94, 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. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and Schwab S&P 500 Index Fund (SWPPX). 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. SWPPX - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 1.44%, more than SWPPX's 1.13% 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% |
SWPPX Schwab S&P 500 Index Fund | 1.13% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
VADDX vs. SWPPX - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for VADDX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. SWPPX - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 3.64%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 3.96%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.