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.
Correlation
The correlation between VVOAX and SPY is 0.85, 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. SPY - Performance Comparison
Key characteristics
VVOAX:
0.74
SPY:
1.30
VVOAX:
1.04
SPY:
1.77
VVOAX:
1.15
SPY:
1.24
VVOAX:
1.01
SPY:
2.00
VVOAX:
2.76
SPY:
7.99
VVOAX:
5.48%
SPY:
2.10%
VVOAX:
20.54%
SPY:
12.95%
VVOAX:
-65.29%
SPY:
-55.19%
VVOAX:
-14.92%
SPY:
-4.76%
Returns By Period
In the year-to-date period, VVOAX achieves a -2.24% return, which is significantly lower than SPY's -0.39% return. Over the past 10 years, VVOAX has underperformed SPY with an annualized return of 4.03%, while SPY has yielded a comparatively higher 12.89% annualized return.
VVOAX
-2.24%
-6.97%
-0.06%
12.44%
13.08%
4.03%
SPY
-0.39%
-3.00%
4.23%
15.29%
15.08%
12.89%
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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.
Dividends
VVOAX vs. SPY - Dividend Comparison
VVOAX's dividend yield for the trailing twelve months is around 0.43%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VVOAX Invesco Value Opportunities Fund | 0.43% | 0.42% | 0.21% | 0.75% | 0.60% | 0.25% | 0.00% | 0.00% | 0.00% | 0.16% | 1.15% | 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 -65.29%, 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. For additional features, visit the drawdowns tool.
Volatility
VVOAX vs. SPY - Volatility Comparison
Invesco Value Opportunities Fund (VVOAX) has a higher volatility of 5.64% compared to SPDR S&P 500 ETF (SPY) at 4.00%. 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.