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Invesco Exchange Fund (ACEHX)

Mutual Fund · Currency in USD · Last updated Mar 18, 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.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Invesco Exchange Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $193,656 for a total return of roughly 1,836.56%. All prices are adjusted for splits and dividends.


0.00%5.00%10.00%15.00%20.00%NovemberDecember2023FebruaryMarch
5.20%
6.48%
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Invesco Exchange Fund

Return

Invesco Exchange Fund had a return of -11.37% year-to-date (YTD) and -5.77% in the last 12 months. Over the past 10 years, Invesco Exchange Fund had an annualized return of 6.22%, while the S&P 500 had an annualized return of 9.71%, indicating that Invesco Exchange Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-8.22%-5.31%
Year-To-Date-11.37%2.01%
6 months-0.08%0.39%
1 year-5.77%-10.12%
5 years (annualized)4.03%7.32%
10 years (annualized)6.22%9.71%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.06%-7.23%
2022-9.85%14.37%8.50%-1.47%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Invesco Exchange Fund Sharpe ratio is -0.29. 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.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.50NovemberDecember2023FebruaryMarch
-0.29
-0.43
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)

Dividend History

Invesco Exchange Fund granted a 3.98% dividend yield in the last twelve months. The annual payout for that period amounted to $24.10 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$24.10$24.10$14.85$16.85$29.48$11.11$12.81$14.02$81.60$5.36$6.83$5.00

Dividend yield

3.98%3.53%2.21%2.93%5.05%2.33%2.61%3.15%21.22%1.33%1.80%1.66%

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
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$2.65$0.00$0.00$2.65$0.00$0.00$2.65$0.00$0.00$6.89
2020$0.00$0.00$3.17$0.00$0.00$2.60$0.00$0.00$2.60$0.00$0.00$8.49
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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-15.09%
-18.34%
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Invesco Exchange Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Invesco Exchange Fund is 48.67%, recorded on Oct 9, 2002. It took 1150 trading sessions for the portfolio to recover.


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
-34.12%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
-20.91%May 2, 2011108Oct 3, 2011318Jan 10, 2013426
-19.39%Jun 8, 202280Sep 30, 202242Nov 30, 2022122
-18.74%Jul 17, 199063Oct 11, 199087Feb 11, 1991150
-16.7%Oct 3, 201857Dec 24, 201865Mar 29, 2019122
-16.12%Jul 17, 199832Aug 31, 199845Nov 2, 199877

Volatility Chart

Current Invesco Exchange Fund volatility is 17.99%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%15.00%20.00%25.00%30.00%35.00%NovemberDecember2023FebruaryMarch
17.99%
21.17%
ACEHX (Invesco Exchange Fund)
Benchmark (^GSPC)