VVOAX vs. ^GSPC
Compare and contrast key facts about Invesco Value Opportunities Fund (VVOAX) and S&P 500 (^GSPC).
VVOAX is managed by Invesco. It was launched on Jun 25, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VVOAX or ^GSPC.
Key characteristics
| VVOAX | ^GSPC | |
|---|---|---|
| YTD Return | 35.84% | 25.82% |
| 1Y Return | 50.67% | 35.92% |
| 3Y Return (Ann) | 8.97% | 8.67% |
| 5Y Return (Ann) | 13.81% | 14.22% |
| 10Y Return (Ann) | 5.51% | 11.43% |
| Sharpe Ratio | 3.00 | 3.08 |
| Sortino Ratio | 3.83 | 4.10 |
| Omega Ratio | 1.52 | 1.58 |
| Calmar Ratio | 3.55 | 4.48 |
| Martin Ratio | 19.65 | 20.05 |
| Ulcer Index | 2.70% | 1.90% |
| Daily Std Dev | 17.68% | 12.28% |
| Max Drawdown | -65.29% | -56.78% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VVOAX and ^GSPC 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. ^GSPC - Performance Comparison
In the year-to-date period, VVOAX achieves a 35.84% return, which is significantly higher than ^GSPC's 25.82% return. Over the past 10 years, VVOAX has underperformed ^GSPC with an annualized return of 5.51%, while ^GSPC has yielded a comparatively higher 11.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VVOAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund (VVOAX) and S&P 500 (^GSPC). 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.
Drawdowns
VVOAX vs. ^GSPC - Drawdown Comparison
The maximum VVOAX drawdown since its inception was -65.29%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for VVOAX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
VVOAX vs. ^GSPC - Volatility Comparison
Invesco Value Opportunities Fund (VVOAX) has a higher volatility of 6.14% compared to S&P 500 (^GSPC) at 3.89%. This indicates that VVOAX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.