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:
1.29
SPY:
1.95
VVOAX:
1.67
SPY:
2.60
VVOAX:
1.25
SPY:
1.36
VVOAX:
1.83
SPY:
2.98
VVOAX:
5.65
SPY:
12.42
VVOAX:
4.61%
SPY:
2.02%
VVOAX:
20.20%
SPY:
12.88%
VVOAX:
-65.29%
SPY:
-55.19%
VVOAX:
-9.73%
SPY:
-1.30%
Returns By Period
In the year-to-date period, VVOAX achieves a 3.73% return, which is significantly higher than SPY's 2.68% return. Over the past 10 years, VVOAX has underperformed SPY with an annualized return of 5.25%, while SPY has yielded a comparatively higher 13.67% annualized return.
VVOAX
3.73%
3.73%
7.52%
24.49%
12.86%
5.25%
SPY
2.68%
2.31%
9.96%
24.17%
15.14%
13.67%
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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 0.40%, less than SPY's 1.17% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Invesco Value Opportunities Fund | 0.40% | 0.42% | 0.21% | 0.75% | 0.60% | 0.25% | 0.00% | 0.00% | 0.00% | 0.16% | 1.15% | 1.72% |
SPDR S&P 500 ETF | 1.17% | 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 6.16% compared to SPDR S&P 500 ETF (SPY) at 4.23%. 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.