VAFIX vs. VADDX

Last updated Jun 4, 2026

VAFIX (Invesco American Franchise Fund Class Y) and VADDX (Invesco Equally-Weighted S&P 500 Fund) are both mutual funds - VAFIX is a Large Cap Growth Equities fund managed by Invesco, while VADDX is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Over the past 10 years, VAFIX returned 16.22%/yr vs 11.66%/yr for VADDX. Their correlation of 0.81 suggests significant overlap in exposure. VAFIX charges 0.72%/yr vs 0.27%/yr for VADDX.

Performance

VAFIX vs. VADDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco American Franchise Fund Class Y (VAFIX) and Invesco Equally-Weighted S&P 500 Fund (VADDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VAFIX having a 9.78% return and VADDX slightly higher at 10.05%. Over the past 10 years, VAFIX has outperformed VADDX with an annualized return of 16.22%, while VADDX has yielded a comparatively lower 11.66% annualized return.

VAFIX

• 1D: 1.02%
• 1M: 6.43%
• YTD: 9.78%
• 6M: 8.91%
• 1Y: 23.32%
• 3Y*: 23.59%
• 5Y*: 11.21%
• 10Y*: 16.22%

VADDX

• 1D: 0.33%
• 1M: 4.13%
• YTD: 10.05%
• 6M: 10.54%
• 1Y: 19.82%
• 3Y*: 15.26%
• 5Y*: 8.40%
• 10Y*: 11.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VAFIX vs. VADDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VAFIX Invesco American Franchise Fund Class Y	9.78%	12.12%	35.11%	41.27%	-31.05%	11.47%	42.53%	36.82%	-3.71%	27.38%
VADDX Invesco Equally-Weighted S&P 500 Fund	10.05%	11.16%	12.68%	13.58%	-11.86%	29.27%	12.56%	28.92%	-7.96%	18.55%

Correlation

The correlation between VAFIX and VADDX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 27, 2005	0.81

Over the past year, the correlation between VAFIX and VADDX has dropped to 0.50 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

VAFIX vs. VADDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VAFIX

VAFIX Risk / Return Rank: 17
VAFIX Sharpe Ratio Rank: 20
VAFIX Sortino Ratio Rank: 18
VAFIX Omega Ratio Rank: 19
VAFIX Calmar Ratio Rank: 14
VAFIX Martin Ratio Rank: 13

VADDX

VADDX Risk / Return Rank: 42
VADDX Sharpe Ratio Rank: 39
VADDX Sortino Ratio Rank: 39
VADDX Omega Ratio Rank: 35
VADDX Calmar Ratio Rank: 49
VADDX Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VAFIX vs. VADDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class Y (VAFIX) and Invesco Equally-Weighted S&P 500 Fund (VADDX). 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.

	VAFIX	VADDX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.80	-0.53
Sortino ratio: Return per unit of downside risk	1.76	2.61	-0.86
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.27	2.66	-1.40
Martin ratio: Return relative to average drawdown	3.84	10.09	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAFIX vs. VADDX - Sharpe Ratio Comparison

The current VAFIX Sharpe Ratio is 1.27, which is comparable to the VADDX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of VAFIX and VADDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VAFIX	VADDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.80	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.52	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.63	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.47	+0.11

Drawdowns

VAFIX vs. VADDX - Drawdown Comparison

The maximum VAFIX drawdown since its inception was -48.20%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for VAFIX and VADDX.

Drawdown Indicators

	VAFIX	VADDX	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-60.12%	+11.92%
Max Drawdown (1Y) Largest decline over 1 year	-19.21%	-7.88%	-11.33%
Max Drawdown (3Y) Largest decline over 3 years	-27.22%	-17.86%	-9.36%
Max Drawdown (5Y) Largest decline over 5 years	-38.69%	-21.58%	-17.11%
Max Drawdown (10Y) Largest decline over 10 years	-38.69%	-39.39%	+0.70%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.16%	-7.00%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.31%	2.07%	+4.24%

Volatility

VAFIX vs. VADDX - Volatility Comparison

Invesco American Franchise Fund Class Y (VAFIX) has a higher volatility of 4.95% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 2.64%. This indicates that VAFIX's price experiences larger fluctuations and is considered to be riskier than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAFIX	VADDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	2.64%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	14.61%	8.38%	+6.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.19%	11.64%	+7.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.04%	16.27%	+6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.29%	18.54%	+3.75%

VAFIX vs. VADDX - Expense Ratio Comparison

VAFIX has a 0.72% expense ratio, which is higher than VADDX's 0.27% expense ratio.

Dividends

VAFIX vs. VADDX - Dividend Comparison

VAFIX's dividend yield for the trailing twelve months is around 11.95%, more than VADDX's 9.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VADDX Invesco Equally-Weighted S&P 500 Fund	9.17%	10.09%	8.88%	4.86%	8.45%	9.92%	6.38%	4.68%	7.13%	2.97%	0.30%	2.98%
VAFIX Invesco American Franchise Fund Class Y	11.95%	13.12%	3.52%	0.00%	7.89%	25.28%	8.48%	6.66%	10.16%	5.26%	4.01%	4.84%

Frequently Asked Questions

Can I hold both VAFIX and VADDX in my portfolio?

VAFIX and VADDX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VAFIX or VADDX?

VAFIX has higher volatility (4.95%) compared to VADDX (2.64%). In terms of maximum drawdown, VAFIX dropped -48.20% vs VADDX's -60.12%.

Which has better risk-adjusted returns?

VADDX currently has the higher Sharpe Ratio (1.80 vs 1.27), 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.