VADDX vs. VOO
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and Vanguard S&P 500 ETF (VOO).
VADDX is managed by Invesco. It was launched on Jul 28, 1997. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VADDX or VOO.
Correlation
The correlation between VADDX and VOO 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.
Performance
VADDX vs. VOO - Performance Comparison
Key characteristics
VADDX:
0.31
VOO:
2.04
VADDX:
0.47
VOO:
2.72
VADDX:
1.07
VOO:
1.38
VADDX:
0.31
VOO:
3.02
VADDX:
1.82
VOO:
13.60
VADDX:
2.45%
VOO:
1.88%
VADDX:
14.28%
VOO:
12.52%
VADDX:
-70.42%
VOO:
-33.99%
VADDX:
-14.20%
VOO:
-3.52%
Returns By Period
In the year-to-date period, VADDX achieves a 3.21% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, VADDX has underperformed VOO with an annualized return of 9.53%, while VOO has yielded a comparatively higher 13.02% annualized return.
VADDX
3.21%
-11.40%
-1.86%
3.58%
10.03%
9.53%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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VADDX vs. VOO - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is higher than VOO's 0.03% 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. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VADDX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.26%.
| 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% |
VOO Vanguard S&P 500 ETF | 0.92% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VADDX vs. VOO - Drawdown Comparison
The maximum VADDX drawdown since its inception was -70.42%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VADDX and VOO. For additional features, visit the drawdowns tool.
Volatility
VADDX vs. VOO - Volatility Comparison
Invesco Equally-Weighted S&P 500 Fund (VADDX) has a higher volatility of 9.23% compared to Vanguard S&P 500 ETF (VOO) at 3.58%. This indicates that VADDX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.