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.
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
Key characteristics
VVOAX:
0.74
^GSPC:
1.18
VVOAX:
1.04
^GSPC:
1.63
VVOAX:
1.15
^GSPC:
1.22
VVOAX:
1.01
^GSPC:
1.81
VVOAX:
2.76
^GSPC:
7.13
VVOAX:
5.48%
^GSPC:
2.16%
VVOAX:
20.54%
^GSPC:
13.06%
VVOAX:
-65.29%
^GSPC:
-56.78%
VVOAX:
-14.92%
^GSPC:
-4.79%
Returns By Period
In the year-to-date period, VVOAX achieves a -2.24% return, which is significantly lower than ^GSPC's -0.54% return. Over the past 10 years, VVOAX has underperformed ^GSPC with an annualized return of 4.03%, while ^GSPC has yielded a comparatively higher 10.98% annualized return.
VVOAX
-2.24%
-6.97%
-0.06%
12.44%
13.08%
4.03%
^GSPC
-0.54%
-3.16%
3.56%
13.87%
13.38%
10.98%
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Risk-Adjusted Performance
VVOAX vs. ^GSPC — Risk-Adjusted Performance Rank
VVOAX
^GSPC
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 5.64% compared to S&P 500 (^GSPC) at 4.02%. 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.