^SPXEW vs. VADDX
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and Invesco Equally-Weighted S&P 500 Fund (VADDX).
VADDX is managed by Invesco. It was launched on Jul 28, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXEW or VADDX.
Correlation
The correlation between ^SPXEW and VADDX is 0.99, 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
^SPXEW vs. VADDX - Performance Comparison
Key characteristics
^SPXEW:
1.41
VADDX:
0.83
^SPXEW:
1.96
VADDX:
1.09
^SPXEW:
1.25
VADDX:
1.17
^SPXEW:
2.17
VADDX:
0.63
^SPXEW:
5.99
VADDX:
2.77
^SPXEW:
2.72%
VADDX:
4.00%
^SPXEW:
11.60%
VADDX:
13.43%
^SPXEW:
-60.83%
VADDX:
-70.42%
^SPXEW:
-3.88%
VADDX:
-9.97%
Returns By Period
The year-to-date returns for both investments are quite close, with ^SPXEW having a 2.74% return and VADDX slightly higher at 2.79%. Over the past 10 years, ^SPXEW has outperformed VADDX with an annualized return of 8.54%, while VADDX has yielded a comparatively lower 5.97% annualized return.
^SPXEW
2.74%
2.21%
6.02%
15.39%
8.91%
8.54%
VADDX
2.79%
2.30%
-0.13%
9.63%
4.31%
5.97%
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Risk-Adjusted Performance
^SPXEW vs. VADDX — Risk-Adjusted Performance Rank
^SPXEW
VADDX
^SPXEW vs. VADDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) and Invesco Equally-Weighted S&P 500 Fund (VADDX). 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
^SPXEW vs. VADDX - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, smaller than the maximum VADDX drawdown of -70.42%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and VADDX. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. VADDX - Volatility Comparison
S&P 500 Equal Weighted Index (^SPXEW) has a higher volatility of 4.56% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 4.26%. This indicates that ^SPXEW's price experiences larger fluctuations and is considered to be riskier than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.