VVOAX vs. ^GSPC
Compare and contrast key facts about Invesco Value Opportunities Fund (VVOAX) and S&P 500 (^GSPC).
VVOAX is managed by Invesco. It was launched on Jun 25, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VVOAX or ^GSPC.
Performance
VVOAX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, VVOAX achieves a 36.91% return, which is significantly higher than ^GSPC's 25.15% return. Over the past 10 years, VVOAX has underperformed ^GSPC with an annualized return of 5.44%, while ^GSPC has yielded a comparatively higher 11.18% annualized return.
VVOAX
36.91%
9.67%
17.88%
46.64%
14.00%
5.44%
^GSPC
25.15%
2.74%
12.53%
30.93%
13.79%
11.18%
Key characteristics
| VVOAX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.64 | 2.53 |
| Sortino Ratio | 3.42 | 3.39 |
| Omega Ratio | 1.46 | 1.47 |
| Calmar Ratio | 3.91 | 3.65 |
| Martin Ratio | 17.04 | 16.21 |
| Ulcer Index | 2.74% | 1.91% |
| Daily Std Dev | 17.69% | 12.23% |
| Max Drawdown | -65.29% | -56.78% |
| Current Drawdown | 0.00% | -0.53% |
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Correlation
The correlation between VVOAX and ^GSPC is 0.86, 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.
Risk-Adjusted Performance
VVOAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund (VVOAX) and S&P 500 (^GSPC). 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.
Drawdowns
VVOAX vs. ^GSPC - Drawdown Comparison
The maximum VVOAX drawdown since its inception was -65.29%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for VVOAX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
VVOAX vs. ^GSPC - Volatility Comparison
Invesco Value Opportunities Fund (VVOAX) has a higher volatility of 6.52% compared to S&P 500 (^GSPC) at 3.97%. This indicates that VVOAX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.