VVOIX vs. IVNQX
VVOIX (Invesco Value Opportunities Fund Class Y) and IVNQX (Invesco Nasdaq 100 Index Fund) are both mutual funds - VVOIX is a Mid Cap Value Equities fund actively managed by Invesco, while IVNQX is a Large Cap Growth Equities fund managed by Invesco. Over the past 5 years, VVOIX returned 18.66%/yr vs 16.01%/yr for IVNQX. A 0.62 correlation means they provide meaningful diversification when combined. VVOIX charges 0.77%/yr vs 0.29%/yr for IVNQX.
Performance
VVOIX vs. IVNQX - Performance Comparison
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Returns By Period
In the year-to-date period, VVOIX achieves a 21.31% return, which is significantly higher than IVNQX's 15.92% return.
VVOIX
- 1D
- 0.46%
- 1M
- 1.45%
- YTD
- 21.31%
- 6M
- 19.39%
- 1Y
- 43.71%
- 3Y*
- 30.83%
- 5Y*
- 18.66%
- 10Y*
- 17.28%
IVNQX
- 1D
- -0.43%
- 1M
- -2.55%
- YTD
- 15.92%
- 6M
- 14.08%
- 1Y
- 31.83%
- 3Y*
- 25.77%
- 5Y*
- 16.01%
- 10Y*
- —
VVOIX vs. IVNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVOIX Invesco Value Opportunities Fund Class Y | 21.31% | 20.54% | 30.36% | 15.40% | 1.68% | 35.87% | 23.58% |
IVNQX Invesco Nasdaq 100 Index Fund | 15.92% | 20.77% | 25.43% | 54.62% | -32.05% | 26.75% | 8.46% |
Correlation
The correlation between VVOIX and IVNQX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.62 |
The correlation between VVOIX and IVNQX has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
VVOIX vs. IVNQX — Risk / Return Rank
VVOIX
IVNQX
VVOIX vs. IVNQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund Class Y (VVOIX) and Invesco Nasdaq 100 Index Fund (IVNQX). 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.
| VVOIX | IVNQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 2.71 | +2.02 |
| Martin ratioReturn relative to average drawdown | 16.19 | 10.02 | +6.17 |
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Drawdowns
VVOIX vs. IVNQX - Drawdown Comparison
The maximum VVOIX drawdown since its inception was -61.77%, which is greater than IVNQX's maximum drawdown of -34.83%. Use the drawdown chart below to compare losses from any high point for VVOIX and IVNQX.
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Drawdown Indicators
| VVOIX | IVNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.77% | -34.83% | -26.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -11.95% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -24.01% | -22.70% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.01% | -34.83% | +10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -51.52% | — | — |
Current DrawdownCurrent decline from peak | -3.01% | -4.65% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -8.17% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.22% | -0.55% |
Volatility
VVOIX vs. IVNQX - Volatility Comparison
Invesco Value Opportunities Fund Class Y (VVOIX) and Invesco Nasdaq 100 Index Fund (IVNQX) have volatilities of 9.19% and 9.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVOIX | IVNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 9.04% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 14.53% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 18.03% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 22.79% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 22.58% | +1.58% |
VVOIX vs. IVNQX - Expense Ratio Comparison
VVOIX has a 0.77% expense ratio, which is higher than IVNQX's 0.29% expense ratio.
Dividends
VVOIX vs. IVNQX - Dividend Comparison
VVOIX's dividend yield for the trailing twelve months is around 8.73%, more than IVNQX's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 1.13% | 1.31% | 0.72% | 0.54% | 0.73% | 0.84% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VVOIX Invesco Value Opportunities Fund Class Y | 8.73% | 10.59% | 7.94% | 2.26% | 10.02% | 9.16% | 0.49% | 1.94% | 15.42% | 5.12% | 1.10% | 16.04% |
Frequently Asked Questions
VVOIX and IVNQX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVOIX has higher volatility (9.19%) compared to IVNQX (9.04%). In terms of maximum drawdown, VVOIX dropped -61.77% vs IVNQX's -34.83%.
VVOIX currently has the higher Sharpe Ratio (2.25 vs 1.80), 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.
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