VAFAX vs. SMMIX
Compare and contrast key facts about Invesco American Franchise Fund Class A (VAFAX) and Invesco Summit Fund (SMMIX).
VAFAX is managed by Invesco. It was launched on Jun 23, 2005. SMMIX is managed by Invesco. It was launched on Nov 1, 1982.
Performance
VAFAX vs. SMMIX - Performance Comparison
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VAFAX vs. SMMIX - 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% |
SMMIX Invesco Summit Fund | -9.50% | 11.08% | 34.36% | 36.82% | -33.12% | 10.71% | 42.22% | 38.69% | -3.04% | 29.88% |
Returns By Period
The year-to-date returns for both investments are quite close, with VAFAX having a -9.70% return and SMMIX slightly higher at -9.50%. Both investments have delivered pretty close results over the past 10 years, with VAFAX having a 13.99% annualized return and SMMIX not far behind at 13.76%.
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%
SMMIX
- 1D
- 4.71%
- 1M
- -5.62%
- YTD
- -9.50%
- 6M
- -12.36%
- 1Y
- 16.24%
- 3Y*
- 18.24%
- 5Y*
- 5.46%
- 10Y*
- 13.76%
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VAFAX vs. SMMIX - Expense Ratio Comparison
VAFAX has a 0.95% expense ratio, which is higher than SMMIX's 0.84% expense ratio.
Return for Risk
VAFAX vs. SMMIX — Risk / Return Rank
VAFAX
SMMIX
VAFAX vs. SMMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class A (VAFAX) and Invesco Summit Fund (SMMIX). 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 | SMMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.67 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.11 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.69 | -0.05 |
Martin ratioReturn relative to average drawdown | 2.03 | 2.12 | -0.09 |
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 | SMMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.67 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.23 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.61 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.48 | +0.05 |
Correlation
The correlation between VAFAX and SMMIX is 0.95, 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. SMMIX - Dividend Comparison
VAFAX's dividend yield for the trailing twelve months is around 15.61%, less than SMMIX's 16.33% 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% |
SMMIX Invesco Summit Fund | 16.33% | 14.78% | 2.01% | 0.00% | 10.02% | 20.10% | 6.46% | 8.44% | 12.16% | 3.77% | 6.28% | 6.88% |
Drawdowns
VAFAX vs. SMMIX - Drawdown Comparison
The maximum VAFAX drawdown since its inception was -48.48%, smaller than the maximum SMMIX drawdown of -69.64%. Use the drawdown chart below to compare losses from any high point for VAFAX and SMMIX.
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Drawdown Indicators
| VAFAX | SMMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.48% | -69.64% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -19.95% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -40.62% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.86% | -40.62% | +1.76% |
Current DrawdownCurrent decline from peak | -15.69% | -16.18% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -19.33% | +11.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 6.50% | -0.36% |
Volatility
VAFAX vs. SMMIX - Volatility Comparison
Invesco American Franchise Fund Class A (VAFAX) and Invesco Summit Fund (SMMIX) have volatilities of 8.31% and 8.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAFAX | SMMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 8.74% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 16.45% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.39% | 26.20% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.03% | 24.01% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 22.81% | -0.58% |