VAFAX vs. RSP
Compare and contrast key facts about Invesco American Franchise Fund Class A (VAFAX) and Invesco S&P 500 Equal Weight ETF (RSP).
VAFAX is managed by Invesco. It was launched on Jun 23, 2005. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003.
Performance
VAFAX vs. RSP - Performance Comparison
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VAFAX vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
RSP Invesco S&P 500 Equal Weight ETF | 0.94% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, VAFAX achieves a -9.70% return, which is significantly lower than RSP's 0.94% return. Over the past 10 years, VAFAX has outperformed RSP with an annualized return of 13.99%, while RSP has yielded a comparatively lower 11.21% annualized return.
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
RSP
- 1D
- 0.32%
- 1M
- -5.49%
- YTD
- 0.94%
- 6M
- 2.11%
- 1Y
- 12.90%
- 3Y*
- 11.84%
- 5Y*
- 7.88%
- 10Y*
- 11.21%
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VAFAX vs. RSP - Expense Ratio Comparison
VAFAX has a 0.95% expense ratio, which is higher than RSP's 0.20% expense ratio.
Return for Risk
VAFAX vs. RSP — Risk / Return Rank
VAFAX
RSP
VAFAX vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class A (VAFAX) and Invesco S&P 500 Equal Weight ETF (RSP). 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.
| VAFAX | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.75 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.17 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.04 | -0.39 |
Martin ratioReturn relative to average drawdown | 2.03 | 4.64 | -2.61 |
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
| VAFAX | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.75 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.49 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.61 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.55 | -0.02 |
Correlation
The correlation between VAFAX and RSP is 0.80, 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
VAFAX vs. RSP - Dividend Comparison
VAFAX's dividend yield for the trailing twelve months is around 15.61%, more than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
VAFAX vs. RSP - Drawdown Comparison
The maximum VAFAX drawdown since its inception was -48.48%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for VAFAX and RSP.
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Drawdown Indicators
| VAFAX | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.48% | -59.92% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -12.54% | -6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -21.38% | -17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -38.86% | -39.04% | +0.18% |
Current DrawdownCurrent decline from peak | -15.69% | -5.66% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -6.69% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 2.80% | +3.34% |
Volatility
VAFAX vs. RSP - Volatility Comparison
Invesco American Franchise Fund Class A (VAFAX) has a higher volatility of 8.31% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 4.40%. This indicates that VAFAX's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAFAX | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 4.40% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 8.84% | +6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.39% | 17.16% | +8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.03% | 16.20% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 18.36% | +3.87% |