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.
Key characteristics
| VVOAX | ^GSPC | |
|---|---|---|
| YTD Return | 17.55% | 17.79% |
| 1Y Return | 25.75% | 26.42% |
| 3Y Return (Ann) | 13.62% | 8.24% |
| 5Y Return (Ann) | 16.04% | 13.48% |
| 10Y Return (Ann) | 7.85% | 10.85% |
| Sharpe Ratio | 1.45 | 2.06 |
| Daily Std Dev | 17.30% | 12.69% |
| Max Drawdown | -65.29% | -56.78% |
| Current Drawdown | -1.09% | -0.86% |
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.
Performance
VVOAX vs. ^GSPC - Performance Comparison
The year-to-date returns for both investments are quite close, with VVOAX having a 17.55% return and ^GSPC slightly higher at 17.79%. Over the past 10 years, VVOAX has underperformed ^GSPC with an annualized return of 7.85%, while ^GSPC has yielded a comparatively higher 10.85% annualized return. 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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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 6.42% compared to S&P 500 (^GSPC) at 3.99%. 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.