VADDX vs. VIMAX
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX).
VADDX is managed by Invesco. It was launched on Jul 28, 1997. VIMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or VIMAX.
Key characteristics
| VADDX | VIMAX | |
|---|---|---|
| YTD Return | 11.82% | 11.41% |
| 1Y Return | 19.47% | 19.94% |
| 3Y Return (Ann) | 6.16% | 3.43% |
| 5Y Return (Ann) | 13.15% | 10.43% |
| 10Y Return (Ann) | 10.86% | 9.64% |
| Sharpe Ratio | 1.37 | 1.56 |
| Daily Std Dev | 15.24% | 13.51% |
| Max Drawdown | -70.42% | -58.88% |
| Current Drawdown | -0.46% | -0.43% |
Correlation
The correlation between VADDX and VIMAX is 0.97, 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. VIMAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VADDX having a 11.82% return and VIMAX slightly lower at 11.41%. Over the past 10 years, VADDX has outperformed VIMAX with an annualized return of 10.86%, while VIMAX has yielded a comparatively lower 9.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VADDX vs. VIMAX - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is higher than VIMAX's 0.05% 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. VIMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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. VIMAX - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 4.34%, more than VIMAX's 1.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 4.34% | 4.86% | 8.45% | 9.92% | 12.77% | 4.68% | 7.13% | 2.97% | 1.54% | 1.66% | 2.55% | 3.73% |
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.49% | 1.51% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
VADDX vs. VIMAX - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than VIMAX's maximum drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for VADDX and VIMAX. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. VIMAX - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 3.34%, while Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) has a volatility of 3.70%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.