Invesco EQV European Equity Fund (AEDAX)

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Invesco EQV European Equity Fund (AEDAX) is up 17.5% since the beginning of the year. AEDAX is currently trading at $39 per share. Investors who bought $1,000 worth of AEDAX shares 5 years ago would now be looking at an investment worth $1,391.

Invesco EQV European Equity Fund (AEDAX) has returned 17.54% so far this year and 29.68% over the past 12 months. Over the last ten years, AEDAX has returned 6.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 31, 1997, AEDAX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.

Historically, 60% of months were positive and 40% were negative. The best month was Feb 2000 with a return of +24.7%, while the worst month was Oct 2008 at -22.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, AEDAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.4%, while the worst single day was Mar 12, 2020 at -10.8%.

Invesco EQV European Equity Fund has an annualized alpha of 4.23%, beta of 0.68, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since October 31, 1997.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (92.56%) than losses (87.00%) - typical of diversified or defensive assets.
• Beta of 0.68 may look defensive, but with R2 of 0.47 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

AEDAX has a high expense ratio of 1.37%, indicating above-average management fees.

AEDAX ranks 50 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Invesco EQV European Equity Fund provided a 14.39% dividend yield over the last twelve months, with an annual payout of $5.61 per share. The fund has been increasing its distributions for 2 consecutive years.

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

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco EQV European Equity 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 EQV European Equity Fund was 60.46%, occurring on Mar 9, 2009. Recovery took 1109 trading sessions.

The current Invesco EQV European Equity Fund drawdown is 0.41%.

The chart below shows the rolling one-month volatility.