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 0.86, 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. SPY - Performance Comparison
Key characteristics
VVOAX:
0.32
SPY:
0.50
VVOAX:
0.70
SPY:
0.88
VVOAX:
1.10
SPY:
1.13
VVOAX:
0.42
SPY:
0.56
VVOAX:
1.39
SPY:
2.17
VVOAX:
7.22%
SPY:
4.85%
VVOAX:
24.94%
SPY:
20.02%
VVOAX:
-65.29%
SPY:
-55.19%
VVOAX:
-11.68%
SPY:
-7.65%
Returns By Period
In the year-to-date period, VVOAX achieves a -4.48% return, which is significantly lower than SPY's -3.42% return. Over the past 10 years, VVOAX has underperformed SPY with an annualized return of 8.59%, while SPY has yielded a comparatively higher 12.35% annualized return.
VVOAX
-4.48%
6.44%
-8.27%
7.88%
23.01%
8.59%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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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 8.15%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VVOAX Invesco Value Opportunities Fund | 8.15% | 7.79% | 0.21% | 9.79% | 8.82% | 0.25% | 1.95% | 15.44% | 5.11% | 1.25% | 1.15% | 1.72% |
SPY SPDR S&P 500 ETF | 1.27% | 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
The current volatility for Invesco Value Opportunities Fund (VVOAX) is 7.07%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that VVOAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.