VKMGX vs. VVOAX
VKMGX (InvescoQuality IncomeFund) and VVOAX (Invesco Value Opportunities Fund) are both mutual funds - VKMGX is a Government Bonds fund managed by Invesco, while VVOAX is a Mid Cap Value Equities fund managed by Invesco. Over the past 10 years, VKMGX returned 1.04%/yr vs 17.31%/yr for VVOAX. At a correlation of -0.12, they often move in opposite directions. VKMGX charges 0.85%/yr vs 1.22%/yr for VVOAX.
Performance
VKMGX vs. VVOAX - Performance Comparison
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Returns By Period
In the year-to-date period, VKMGX achieves a 0.06% return, which is significantly lower than VVOAX's 24.13% return. Over the past 10 years, VKMGX has underperformed VVOAX with an annualized return of 1.04%, while VVOAX has yielded a comparatively higher 17.31% annualized return.
VKMGX
- 1D
- -0.30%
- 1M
- 0.51%
- YTD
- 0.06%
- 6M
- 0.35%
- 1Y
- 5.24%
- 3Y*
- 3.73%
- 5Y*
- -0.13%
- 10Y*
- 1.04%
VVOAX
- 1D
- 1.32%
- 1M
- 5.02%
- YTD
- 24.13%
- 6M
- 22.31%
- 1Y
- 48.22%
- 3Y*
- 31.57%
- 5Y*
- 19.46%
- 10Y*
- 17.31%
VKMGX vs. VVOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VKMGX InvescoQuality IncomeFund | 0.06% | 8.24% | 0.69% | 4.59% | -12.52% | -2.00% | 5.51% | 5.98% | -0.13% | 1.99% |
VVOAX Invesco Value Opportunities Fund | 24.13% | 20.24% | 30.01% | 15.20% | 1.33% | 35.60% | 5.49% | 29.84% | -19.92% | 17.07% |
Correlation
The correlation between VKMGX and VVOAX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2001 | -0.12 |
The correlation between VKMGX and VVOAX shifts across timeframes, from -0.12 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VKMGX vs. VVOAX — Risk / Return Rank
VKMGX
VVOAX
VKMGX vs. VVOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InvescoQuality IncomeFund (VKMGX) and Invesco Value Opportunities Fund (VVOAX). 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.
| VKMGX | VVOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.44 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 5.36 | -3.73 |
| Martin ratioReturn relative to average drawdown | 4.98 | 18.49 | -13.51 |
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Drawdowns
VKMGX vs. VVOAX - Drawdown Comparison
The maximum VKMGX drawdown since its inception was -19.19%, smaller than the maximum VVOAX drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for VKMGX and VVOAX.
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Drawdown Indicators
| VKMGX | VVOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.19% | -62.08% | +42.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -9.21% | +5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -7.87% | -24.05% | +16.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -24.05% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.19% | -51.80% | +32.61% |
Current DrawdownCurrent decline from peak | -2.48% | -0.65% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -11.71% | +9.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.66% | -1.56% |
Volatility
VKMGX vs. VVOAX - Volatility Comparison
The current volatility for InvescoQuality IncomeFund (VKMGX) is 1.29%, while Invesco Value Opportunities Fund (VVOAX) has a volatility of 8.67%. This indicates that VKMGX experiences smaller price fluctuations and is considered to be less risky than VVOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VKMGX | VVOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 8.67% | -7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 15.14% | -11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 19.12% | -14.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 21.31% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 24.27% | -19.28% |
VKMGX vs. VVOAX - Expense Ratio Comparison
VKMGX has a 0.85% expense ratio, which is lower than VVOAX's 1.22% expense ratio.
Dividends
VKMGX vs. VVOAX - Dividend Comparison
VKMGX's dividend yield for the trailing twelve months is around 3.49%, less than VVOAX's 8.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VKMGX InvescoQuality IncomeFund | 3.49% | 3.34% | 3.62% | 2.90% | 2.98% | 2.84% | 3.65% | 3.72% | 3.89% | 3.32% | 3.44% | 4.14% |
VVOAX Invesco Value Opportunities Fund | 8.40% | 10.43% | 7.79% | 2.27% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.10% | 15.87% |
Frequently Asked Questions
VKMGX and VVOAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVOAX has higher volatility (8.67%) compared to VKMGX (1.29%). In terms of maximum drawdown, VKMGX dropped -19.19% vs VVOAX's -62.08%.
VVOAX currently has the higher Sharpe Ratio (2.58 vs 1.29), 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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