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Invesco Exchange Fund (ACEHX)

Mutual Fund · Currency in USD · Last updated Dec 7, 2023

The fund accepts, in exchange for fund shares, large blocks of individual securities with large unrealized appreciation. This exchange is a non-taxable event. The fund invests primarily in common stocks and convertible securities. It may not invest in other investment companies.

Summary

Fund Info

ISINUS46132M1053
IssuerInvesco
Inception DateDec 16, 1976
CategoryLarge Cap Value Equities
Minimum Investment$0
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Value

Expense Ratio

The Invesco Exchange Fund has a high expense ratio of 0.54%, indicating higher-than-average management fees.


0.54%
0.00%2.15%

Share Price Chart


Loading data...

Performance

The chart shows the growth of an initial investment of $10,000 in Invesco Exchange Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
-3.61%
6.60%
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ACEHX

Invesco Exchange Fund

Return

Invesco Exchange Fund had a return of -6.91% year-to-date (YTD) and -6.42% in the last 12 months. Over the past 10 years, Invesco Exchange Fund had an annualized return of 5.40%, while the S&P 500 had an annualized return of 9.70%, indicating that Invesco Exchange Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-6.91%18.49%
1 month-1.43%4.20%
6 months-3.61%6.60%
1 year-6.42%15.43%
5 years (annualized)4.78%11.59%
10 years (annualized)5.40%9.70%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-6.65%6.65%3.57%-2.78%-2.56%-4.40%2.50%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Invesco Exchange Fund (ACEHX) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ACEHX
Invesco Exchange Fund
-0.53
^GSPC
S&P 500
1.00

Sharpe Ratio

The current Invesco Exchange Fund Sharpe ratio is -0.53. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.53
1.00
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)

Dividend History

Invesco Exchange Fund granted a 3.96% dividend yield in the last twelve months. The annual payout for that period amounted to $24.85 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$24.85$24.10$12.69$15.15$29.48$11.11$12.81$14.02$81.60$5.36$6.83$5.00

Dividend yield

3.96%3.53%1.83%2.49%4.63%2.04%2.24%2.64%17.32%0.92%1.23%1.12%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco Exchange Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$2.25$0.00$0.00$3.25$0.00$0.00$3.25$0.00$0.00
2022$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$3.50$0.00$0.00$16.10
2021$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$5.94
2020$0.00$0.00$2.75$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$7.90
2019$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$3.68$0.00$0.00$21.30
2018$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$4.36
2017$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$6.06
2016$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$2.25$0.00$0.00$7.27
2015$0.00$0.00$2.00$0.00$0.00$2.00$0.00$0.00$75.05$0.00$0.00$2.55
2014$0.00$0.00$1.25$0.00$0.00$1.36$0.00$0.00$1.25$0.00$0.00$1.50
2013$0.00$0.00$1.25$0.00$0.00$1.25$0.00$0.00$3.08$0.00$0.00$1.25
2012$1.25$0.00$0.00$1.25$0.00$0.00$1.25$0.00$0.00$1.25

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-9.30%
-5.15%
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco Exchange Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Exchange Fund was 48.67%, occurring on Oct 9, 2002. Recovery took 1150 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-48.67%Aug 24, 2000530Oct 9, 20021150May 9, 20071680
-45.95%May 21, 2008128Nov 20, 2008594Apr 1, 2011722
-34.18%Jan 27, 202040Mar 23, 2020205Jan 13, 2021245
-32.64%Aug 26, 198744Oct 26, 1987410May 22, 1989454
-21.14%Jul 24, 2014376Jan 20, 2016120Jul 12, 2016496

Volatility Chart

The current Invesco Exchange Fund volatility is 2.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.50%3.00%3.50%4.00%4.50%5.00%JulyAugustSeptemberOctoberNovemberDecember
2.94%
2.92%
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)