VADDX vs. VVOAX
Compare and contrast key facts about Invesco Equally-Weighted S&P 500 Fund (VADDX) and Invesco Value Opportunities Fund (VVOAX).
VADDX is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 28, 1997. VVOAX is managed by Invesco. It was launched on Jun 25, 2001.
Performance
VADDX vs. VVOAX - Performance Comparison
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VADDX vs. VVOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 0.61% | 11.16% | 12.68% | 13.58% | -11.86% | 29.27% | 12.56% | 28.92% | -7.96% | 18.55% |
VVOAX Invesco Value Opportunities Fund | 5.98% | 20.24% | 30.01% | 15.20% | 1.33% | 35.60% | 5.49% | 29.84% | -19.92% | 17.07% |
Returns By Period
In the year-to-date period, VADDX achieves a 0.61% return, which is significantly lower than VVOAX's 5.98% return. Over the past 10 years, VADDX has underperformed VVOAX with an annualized return of 10.94%, while VVOAX has yielded a comparatively higher 14.64% annualized return.
VADDX
- 1D
- 2.06%
- 1M
- -5.82%
- YTD
- 0.61%
- 6M
- 1.75%
- 1Y
- 12.48%
- 3Y*
- 11.64%
- 5Y*
- 7.70%
- 10Y*
- 10.94%
VVOAX
- 1D
- 2.69%
- 1M
- -6.69%
- YTD
- 5.98%
- 6M
- 11.47%
- 1Y
- 34.05%
- 3Y*
- 25.74%
- 5Y*
- 16.70%
- 10Y*
- 14.64%
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VADDX vs. VVOAX - Expense Ratio Comparison
VADDX has a 0.27% expense ratio, which is lower than VVOAX's 1.22% expense ratio.
Return for Risk
VADDX vs. VVOAX — Risk / Return Rank
VADDX
VVOAX
VADDX vs. VVOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equally-Weighted S&P 500 Fund (VADDX) and Invesco Value Opportunities Fund (VVOAX). 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.
| VADDX | VVOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.51 | -0.77 |
Sortino ratioReturn per unit of downside risk | 1.15 | 2.04 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.09 | -1.16 |
Martin ratioReturn relative to average drawdown | 4.21 | 8.91 | -4.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VADDX | VVOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.51 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.80 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.61 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.38 | +0.08 |
Correlation
The correlation between VADDX and VVOAX is 0.91, 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.
Dividends
VADDX vs. VVOAX - Dividend Comparison
VADDX's dividend yield for the trailing twelve months is around 10.03%, more than VVOAX's 9.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 10.03% | 10.09% | 8.88% | 4.86% | 8.45% | 9.92% | 6.38% | 4.68% | 7.13% | 2.97% | 0.30% | 2.98% |
VVOAX Invesco Value Opportunities Fund | 9.84% | 10.43% | 7.79% | 2.27% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.10% | 15.87% |
Drawdowns
VADDX vs. VVOAX - Drawdown Comparison
The maximum VADDX drawdown since its inception was -60.12%, roughly equal to the maximum VVOAX drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for VADDX and VVOAX.
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Drawdown Indicators
| VADDX | VVOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.12% | -62.08% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -15.08% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -24.05% | +2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -51.80% | +12.41% |
Current DrawdownCurrent decline from peak | -5.99% | -6.76% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -11.80% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.54% | -0.74% |
Volatility
VADDX vs. VVOAX - Volatility Comparison
The current volatility for Invesco Equally-Weighted S&P 500 Fund (VADDX) is 4.48%, while Invesco Value Opportunities Fund (VVOAX) has a volatility of 7.27%. This indicates that VADDX experiences smaller price fluctuations and is considered to be less risky than VVOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VADDX | VVOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 7.27% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 14.27% | -5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 22.91% | -5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 21.06% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 24.20% | -5.66% |