VAFAX vs. IUSG
VAFAX (Invesco American Franchise Fund Class A) and IUSG (iShares Core S&P U.S. Growth ETF) are both Large Cap Growth Equities funds. Over the past 10 years, VAFAX returned 16.05%/yr vs 17.98%/yr for IUSG. Their correlation of 0.93 suggests significant overlap in exposure. VAFAX charges 0.95%/yr vs 0.04%/yr for IUSG.
Performance
VAFAX vs. IUSG - Performance Comparison
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Returns By Period
In the year-to-date period, VAFAX achieves a 5.51% return, which is significantly lower than IUSG's 9.14% return. Over the past 10 years, VAFAX has underperformed IUSG with an annualized return of 16.05%, while IUSG has yielded a comparatively higher 17.98% annualized return.
VAFAX
- 1D
- -0.26%
- 1M
- -1.91%
- YTD
- 5.51%
- 6M
- 3.56%
- 1Y
- 14.78%
- 3Y*
- 21.00%
- 5Y*
- 8.96%
- 10Y*
- 16.05%
IUSG
- 1D
- 0.18%
- 1M
- -3.15%
- YTD
- 9.14%
- 6M
- 7.57%
- 1Y
- 24.77%
- 3Y*
- 25.30%
- 5Y*
- 13.75%
- 10Y*
- 17.98%
VAFAX vs. IUSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAFAX Invesco American Franchise Fund Class A | 5.51% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
IUSG iShares Core S&P U.S. Growth ETF | 9.14% | 21.23% | 34.70% | 29.28% | -28.81% | 31.26% | 32.65% | 30.62% | -0.79% | 27.02% |
Correlation
The correlation between VAFAX and IUSG is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2005 | 0.93 |
The correlation between VAFAX and IUSG has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
VAFAX vs. IUSG — Risk / Return Rank
VAFAX
IUSG
VAFAX vs. IUSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class A (VAFAX) and iShares Core S&P U.S. Growth ETF (IUSG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VAFAX | IUSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.90 | -1.11 |
| Martin ratioReturn relative to average drawdown | 2.37 | 7.68 | -5.31 |
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Drawdowns
VAFAX vs. IUSG - Drawdown Comparison
The maximum VAFAX drawdown since its inception was -48.48%, smaller than the maximum IUSG drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for VAFAX and IUSG.
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Drawdown Indicators
| VAFAX | IUSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.48% | -63.41% | +14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -13.07% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -27.24% | -22.28% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -32.21% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -38.86% | -32.35% | -6.51% |
Current DrawdownCurrent decline from peak | -3.97% | -5.28% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -21.40% | +13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.40% | 3.23% | +3.17% |
Volatility
VAFAX vs. IUSG - Volatility Comparison
Invesco American Franchise Fund Class A (VAFAX) has a higher volatility of 8.99% compared to iShares Core S&P U.S. Growth ETF (IUSG) at 7.02%. This indicates that VAFAX's price experiences larger fluctuations and is considered to be riskier than IUSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAFAX | IUSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 7.02% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 13.59% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.84% | 16.84% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.34% | 21.06% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.42% | 20.47% | +1.95% |
VAFAX vs. IUSG - Expense Ratio Comparison
VAFAX has a 0.95% expense ratio, which is higher than IUSG's 0.04% expense ratio.
Dividends
VAFAX vs. IUSG - Dividend Comparison
VAFAX's dividend yield for the trailing twelve months is around 13.36%, more than IUSG's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSG iShares Core S&P U.S. Growth ETF | 0.50% | 0.53% | 0.59% | 1.12% | 1.07% | 0.59% | 0.93% | 1.64% | 1.32% | 1.28% | 1.48% | 1.29% |
VAFAX Invesco American Franchise Fund Class A | 13.36% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Frequently Asked Questions
With a correlation of 0.95, VAFAX and IUSG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VAFAX has higher volatility (8.99%) compared to IUSG (7.02%). In terms of maximum drawdown, VAFAX dropped -48.48% vs IUSG's -63.41%.
IUSG currently has the higher Sharpe Ratio (1.48 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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