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Invesco Equally-Wtd S&P 500 R VADRX

Analyst rating as of
NAV / 1-Day Return
77.65  /  0.13 %
Total Assets
7.4 Bil
Adj. Expense Ratio
0.770%
Expense Ratio
0.770%
Fee Level
Low
Longest Manager Tenure
1.52 years
Category
Large Blend
Investment Style
Mid Blend
Min. Initial Investment
0
Status
Open
TTM Yield
0.85%
Turnover
23%
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Morningstar’s Analysis

Will VADRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Adding mid-cap tilt at a cost.

Associate Analyst

Summary

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Invesco Equally-Weighted S&P 500 assigns an equal weight to each of the stocks in the S&P 500. This pulls it away from the index's largest names and toward the smallest ones--resulting in a persistent market-capitalization bias. It also increases turnover and volatility relative to its cap-weighted parent index. It is difficult to say whether the active bets that result from this approach will be adequately rewarded. As such, both the Invesco S&P 500 Equal Weight ETF and all share classes of the Invesco Equally-Weighted S&P 500 mutual fund are limited to Morningstar Analyst Ratings of Neutral .

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