VAFAX vs. VIIIX
Compare and contrast key facts about Invesco American Franchise Fund Class A (VAFAX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VAFAX is managed by Invesco. It was launched on Jun 23, 2005. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAFAX or VIIIX.
Key characteristics
| VAFAX | VIIIX | |
|---|---|---|
| YTD Return | 30.45% | 23.23% |
| 1Y Return | 51.54% | 40.59% |
| 3Y Return (Ann) | 6.75% | 9.77% |
| 5Y Return (Ann) | 16.45% | 15.52% |
| 10Y Return (Ann) | 13.11% | 13.23% |
| Sharpe Ratio | 2.82 | 3.43 |
| Sortino Ratio | 3.57 | 4.52 |
| Omega Ratio | 1.50 | 1.64 |
| Calmar Ratio | 2.31 | 4.16 |
| Martin Ratio | 14.96 | 22.51 |
| Ulcer Index | 3.50% | 1.84% |
| Daily Std Dev | 18.58% | 12.12% |
| Max Drawdown | -51.03% | -55.18% |
| Current Drawdown | -0.44% | -0.86% |
Correlation
The correlation between VAFAX and VIIIX is 0.90, 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
VAFAX vs. VIIIX - Performance Comparison
In the year-to-date period, VAFAX achieves a 30.45% return, which is significantly higher than VIIIX's 23.23% return. Both investments have delivered pretty close results over the past 10 years, with VAFAX having a 13.11% annualized return and VIIIX not far ahead at 13.23%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VAFAX vs. VIIIX - Expense Ratio Comparison
VAFAX has a 0.95% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Risk-Adjusted Performance
VAFAX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class A (VAFAX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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
VAFAX vs. VIIIX - Dividend Comparison
VAFAX has not paid dividends to shareholders, while VIIIX's dividend yield for the trailing twelve months is around 2.51%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAFAX Invesco American Franchise Fund Class A | 0.00% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 0.00% | 9.63% | 4.14% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.51% | 2.98% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% | 1.90% | 1.51% |
Drawdowns
VAFAX vs. VIIIX - Drawdown Comparison
The maximum VAFAX drawdown since its inception was -51.03%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VAFAX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VAFAX vs. VIIIX - Volatility Comparison
Invesco American Franchise Fund Class A (VAFAX) has a higher volatility of 3.44% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 2.54%. This indicates that VAFAX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.