Correlation
The correlation between VVOAX and SPY 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.
VVOAX vs. SPY
Compare and contrast key facts about Invesco Value Opportunities Fund (VVOAX) and SPDR S&P 500 ETF (SPY).
VVOAX is managed by Invesco. It was launched on Jun 25, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VVOAX or SPY.
Performance
VVOAX vs. SPY - Performance Comparison
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Key characteristics
VVOAX:
0.48
SPY:
0.67
VVOAX:
0.69
SPY:
1.03
VVOAX:
1.10
SPY:
1.15
VVOAX:
0.41
SPY:
0.69
VVOAX:
1.31
SPY:
2.61
VVOAX:
7.46%
SPY:
4.92%
VVOAX:
25.18%
SPY:
20.44%
VVOAX:
-62.07%
SPY:
-55.19%
VVOAX:
-9.31%
SPY:
-3.44%
Returns By Period
In the year-to-date period, VVOAX achieves a -1.91% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, VVOAX has underperformed SPY with an annualized return of 10.43%, while SPY has yielded a comparatively higher 12.73% annualized return.
VVOAX
-1.91%
6.42%
-6.12%
11.98%
13.48%
22.66%
10.43%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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VVOAX vs. SPY - Expense Ratio Comparison
VVOAX has a 1.22% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VVOAX vs. SPY — Risk-Adjusted Performance Rank
VVOAX
SPY
VVOAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund (VVOAX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
VVOAX vs. SPY - Dividend Comparison
VVOAX's dividend yield for the trailing twelve months is around 7.94%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VVOAX Invesco Value Opportunities Fund | 7.94% | 7.79% | 2.27% | 9.80% | 8.81% | 0.25% | 1.95% | 15.44% | 5.11% | 1.25% | 15.87% | 1.72% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VVOAX vs. SPY - Drawdown Comparison
The maximum VVOAX drawdown since its inception was -62.07%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VVOAX and SPY.
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Volatility
VVOAX vs. SPY - Volatility Comparison
Invesco Value Opportunities Fund (VVOAX) has a higher volatility of 5.34% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that VVOAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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