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.
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.
Performance
VADDX vs. SWPPX - Performance Comparison
Key characteristics
VADDX:
0.46
SWPPX:
2.10
VADDX:
0.64
SWPPX:
2.80
VADDX:
1.10
SWPPX:
1.39
VADDX:
0.45
SWPPX:
3.12
VADDX:
2.36
SWPPX:
13.52
VADDX:
2.74%
SWPPX:
1.95%
VADDX:
14.23%
SWPPX:
12.59%
VADDX:
-70.42%
SWPPX:
-55.06%
VADDX:
-13.30%
SWPPX:
-3.72%
Returns By Period
In the year-to-date period, VADDX achieves a 4.29% return, which is significantly lower than SWPPX's 24.49% return. Over the past 10 years, VADDX has underperformed SWPPX with an annualized return of 9.57%, while SWPPX has yielded a comparatively higher 12.92% annualized return.
VADDX
4.29%
-11.67%
-1.00%
4.83%
10.25%
9.57%
SWPPX
24.49%
-1.37%
7.94%
24.91%
14.50%
12.92%
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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%.
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
Neither VADDX nor SWPPX has paid dividends to shareholders.
| 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% |
SWPPX Schwab S&P 500 Index Fund | 0.00% | 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
Invesco Equally-Weighted S&P 500 Fund (VADDX) has a higher volatility of 9.40% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.97%. This indicates that VADDX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.