VSLCX vs. VADDX

Last updated Jun 4, 2026

VSLCX (Invesco Senior Loan Fund Class C) and VADDX (Invesco Equally-Weighted S&P 500 Fund) are both mutual funds - VSLCX is a Bank Loan 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, VSLCX returned 4.06%/yr vs 11.66%/yr for VADDX. At a 0.24 correlation, their price movements are largely independent. VSLCX charges 2.45%/yr vs 0.27%/yr for VADDX.

Performance

VSLCX vs. VADDX - Performance Comparison

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

Returns By Period

In the year-to-date period, VSLCX achieves a -1.20% return, which is significantly lower than VADDX's 10.05% return. Over the past 10 years, VSLCX has underperformed VADDX with an annualized return of 4.06%, while VADDX has yielded a comparatively higher 11.66% annualized return.

VSLCX

• 1D: 0.00%
• 1M: 0.38%
• YTD: -1.20%
• 6M: -0.80%
• 1Y: 0.79%
• 3Y*: 4.93%
• 5Y*: 3.37%
• 10Y*: 4.06%

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)

VSLCX vs. VADDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSLCX Invesco Senior Loan Fund Class C	-1.20%	3.98%	6.05%	9.82%	-3.89%	7.39%	0.29%	6.81%	-1.16%	4.59%
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 VSLCX and VADDX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 22, 2005	0.24

The correlation between VSLCX and VADDX shifts across timeframes, from 0.11 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VSLCX vs. VADDX — Risk / Return Rank

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

VSLCX

VSLCX Risk / Return Rank: 4
VSLCX Sharpe Ratio Rank: 4
VSLCX Sortino Ratio Rank: 5
VSLCX Omega Ratio Rank: 5
VSLCX Calmar Ratio Rank: 4
VSLCX Martin Ratio Rank: 4

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.

VSLCX vs. VADDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan Fund Class C (VSLCX) 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.

	VSLCX	VADDX	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.80	-1.51
Sortino ratio: Return per unit of downside risk	0.56	2.61	-2.06
Omega ratio: Gain probability vs. loss probability	1.08	1.32	-0.24
Calmar ratio: Return relative to maximum drawdown	0.25	2.66	-2.41
Martin ratio: Return relative to average drawdown	0.51	10.09	-9.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSLCX vs. VADDX - Sharpe Ratio Comparison

The current VSLCX Sharpe Ratio is 0.29, which is lower than the VADDX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of VSLCX 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

	VSLCX	VADDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	1.80	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.52	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.63	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.47	+0.24

Drawdowns

VSLCX vs. VADDX - Drawdown Comparison

The maximum VSLCX drawdown since its inception was -48.59%, smaller than the maximum VADDX drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for VSLCX and VADDX.

Drawdown Indicators

	VSLCX	VADDX	Difference
Max Drawdown Largest peak-to-trough decline	-48.59%	-60.12%	+11.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	-7.88%	+4.43%
Max Drawdown (3Y) Largest decline over 3 years	-3.97%	-17.86%	+13.89%
Max Drawdown (5Y) Largest decline over 5 years	-8.82%	-21.58%	+12.76%
Max Drawdown (10Y) Largest decline over 10 years	-23.56%	-39.39%	+15.83%
Current Drawdown Current decline from peak	-2.19%	0.00%	-2.19%
Average Drawdown Average peak-to-trough decline	-4.31%	-7.00%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.07%	-0.44%

Volatility

VSLCX vs. VADDX - Volatility Comparison

The current volatility for Invesco Senior Loan Fund Class C (VSLCX) is 1.10%, while Invesco Equally-Weighted S&P 500 Fund (VADDX) has a volatility of 2.64%. This indicates that VSLCX experiences smaller price fluctuations and is considered to be less risky than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSLCX	VADDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	2.64%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	2.08%	8.38%	-6.30%
Volatility (1Y) Calculated over the trailing 1-year period	3.00%	11.64%	-8.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	16.27%	-12.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	18.54%	-13.84%

VSLCX vs. VADDX - Expense Ratio Comparison

VSLCX has a 2.45% expense ratio, which is higher than VADDX's 0.27% expense ratio.

Dividends

VSLCX vs. VADDX - Dividend Comparison

VSLCX's dividend yield for the trailing twelve months is around 4.66%, less 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%
VSLCX Invesco Senior Loan Fund Class C	4.66%	6.03%	7.82%	7.94%	7.95%	4.00%	3.50%	3.95%	4.07%	3.42%	4.46%	5.34%

Frequently Asked Questions

Can I hold both VSLCX and VADDX in my portfolio?

VSLCX and VADDX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSLCX or VADDX?

VADDX has higher volatility (2.64%) compared to VSLCX (1.10%). In terms of maximum drawdown, VSLCX dropped -48.59% vs VADDX's -60.12%.

Which has better risk-adjusted returns?

VADDX currently has the higher Sharpe Ratio (1.80 vs 0.29), 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.