VVOAX vs. VGT

Last updated Jun 24, 2026

VVOAX (Invesco Value Opportunities Fund) and VGT (Vanguard Information Technology ETF) are both funds - VVOAX is a Mid Cap Value Equities fund managed by Invesco, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, VVOAX returned 17.31%/yr vs 25.49%/yr for VGT. A 0.70 correlation means they provide meaningful diversification when combined. VVOAX charges 1.22%/yr vs 0.09%/yr for VGT.

Performance

VVOAX vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Value Opportunities Fund (VVOAX) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VVOAX having a 24.13% return and VGT slightly lower at 23.32%. Over the past 10 years, VVOAX has underperformed VGT with an annualized return of 17.31%, while VGT has yielded a comparatively higher 25.49% annualized return.

VVOAX

• 1D: 1.32%
• 1M: 5.02%
• YTD: 24.13%
• 6M: 22.31%
• 1Y: 48.22%
• 3Y*: 31.57%
• 5Y*: 19.46%
• 10Y*: 17.31%

VGT

• 1D: -3.68%
• 1M: 0.28%
• YTD: 23.32%
• 6M: 21.50%
• 1Y: 46.82%
• 3Y*: 30.13%
• 5Y*: 19.51%
• 10Y*: 25.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VVOAX vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VVOAX Invesco Value Opportunities Fund	24.13%	20.24%	30.01%	15.20%	1.33%	35.60%	5.49%	29.84%	-19.92%	17.07%
VGT Vanguard Information Technology ETF	23.32%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between VVOAX and VGT is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.70

The correlation between VVOAX and VGT has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

VVOAX vs. VGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VVOAX

VVOAX Risk / Return Rank: 85
VVOAX Sharpe Ratio Rank: 86
VVOAX Sortino Ratio Rank: 74
VVOAX Omega Ratio Rank: 74
VVOAX Calmar Ratio Rank: 95
VVOAX Martin Ratio Rank: 93

VGT

VGT Risk / Return Rank: 58
VGT Sharpe Ratio Rank: 65
VGT Sortino Ratio Rank: 56
VGT Omega Ratio Rank: 58
VGT Calmar Ratio Rank: 60
VGT Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VVOAX vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund (VVOAX) and Vanguard Information Technology ETF (VGT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VVOAX	VGT	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.07	+0.51
Sortino ratio: Return per unit of downside risk	3.28	2.61	+0.67
Omega ratio: Gain probability vs. loss probability	1.44	1.35	+0.09
Calmar ratio: Return relative to maximum drawdown	5.36	2.87	+2.49
Martin ratio: Return relative to average drawdown	18.49	8.76	+9.73

VVOAX vs. VGT - Sharpe Ratio Comparison

The current VVOAX Sharpe Ratio is 2.58, which is comparable to the VGT Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of VVOAX and VGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VVOAX vs. VGT - Drawdown Comparison

The maximum VVOAX drawdown since its inception was -62.08%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for VVOAX and VGT.

Drawdown Indicators

	VVOAX	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-62.08%	-54.63%	-7.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-16.40%	+7.19%
Max Drawdown (3Y) Largest decline over 3 years	-24.05%	-27.23%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	-24.05%	-35.07%	+11.02%
Max Drawdown (10Y) Largest decline over 10 years	-51.80%	-35.07%	-16.73%
Current Drawdown Current decline from peak	-0.65%	-7.71%	+7.06%
Average Drawdown Average peak-to-trough decline	-11.71%	-7.95%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	5.36%	-2.70%

Volatility

VVOAX vs. VGT - Volatility Comparison

The current volatility for Invesco Value Opportunities Fund (VVOAX) is 8.67%, while Vanguard Information Technology ETF (VGT) has a volatility of 11.39%. This indicates that VVOAX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVOAX	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.67%	11.39%	-2.72%
Volatility (6M) Calculated over the trailing 6-month period	15.14%	18.58%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	22.72%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.31%	25.55%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.27%	24.77%	-0.50%

VVOAX vs. VGT - Expense Ratio Comparison

VVOAX has a 1.22% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

VVOAX vs. VGT - Dividend Comparison

VVOAX's dividend yield for the trailing twelve months is around 8.40%, more than VGT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
VVOAX Invesco Value Opportunities Fund	8.40%	10.43%	7.79%	2.27%	9.79%	8.82%	0.25%	1.95%	15.44%	5.11%	1.10%	15.87%

Frequently Asked Questions

Can I hold both VVOAX and VGT in my portfolio?

VVOAX and VGT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VVOAX or VGT?

VGT has higher volatility (11.39%) compared to VVOAX (8.67%). In terms of maximum drawdown, VVOAX dropped -62.08% vs VGT's -54.63%.

Which has better risk-adjusted returns?

VVOAX currently has the higher Sharpe Ratio (2.58 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.