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:
1.16
SPY:
2.21
VVOAX:
1.53
SPY:
2.93
VVOAX:
1.23
SPY:
1.41
VVOAX:
1.56
SPY:
3.26
VVOAX:
6.52
SPY:
14.40
VVOAX:
3.48%
SPY:
1.90%
VVOAX:
19.67%
SPY:
12.44%
VVOAX:
-65.29%
SPY:
-55.19%
VVOAX:
-12.65%
SPY:
-1.83%
Returns By Period
In the year-to-date period, VVOAX achieves a 21.95% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, VVOAX has underperformed SPY with an annualized return of 4.21%, while SPY has yielded a comparatively higher 13.04% annualized return.
VVOAX
21.95%
-10.92%
7.89%
22.09%
11.02%
4.21%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VVOAX Invesco Value Opportunities Fund | 0.00% | 0.21% | 0.75% | 0.60% | 0.25% | 0.00% | 0.00% | 0.00% | 0.16% | 1.15% | 1.72% | 1.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 9.94% compared to SPDR S&P 500 ETF (SPY) at 3.83%. 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.