- ISIN
- US00142C8477
- CUSIP
- 00142C847
- Issuer
- Invesco
- Inception Date
- Apr 27, 1987
- Category
- Nontraditional Bonds
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AGOVX Performance Chart
Invesco Income Fund (AGOVX) is up 0.6% since the beginning of the year. AGOVX is currently trading at $7 per share. Investors who bought $1,000 worth of AGOVX shares 5 years ago would now be looking at an investment worth $1,085.
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Returns By Period
Invesco Income Fund (AGOVX) has returned 0.62% so far this year and 4.25% over the past 12 months. Over the last ten years, AGOVX has returned 1.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Income Fund
- 1D
- 0.14%
- 1M
- 0.84%
- YTD
- 0.62%
- 6M
- 1.04%
- 1Y
- 4.25%
- 3Y*
- 5.55%
- 5Y*
- 1.65%
- 10Y*
- 1.12%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AGOVX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1990, AGOVX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Jun 2020 with a return of +6.1%, while the worst month was Mar 2020 at -24.9%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 10 months.
On a daily basis, AGOVX closed higher 39% of trading days. The best single day was Mar 26, 2020 with a return of +4.3%, while the worst single day was Mar 24, 2020 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.42% | 1.41% | -1.56% | 0.27% | 0.11% | -0.00% | 0.62% | ||||||
| 2025 | 0.72% | 1.15% | 0.29% | 0.58% | 0.14% | 1.00% | -0.14% | 1.43% | 0.15% | 0.43% | 0.70% | -0.01% | 6.61% |
| 2024 | 1.52% | -0.52% | 0.73% | -0.81% | 0.93% | 0.78% | 1.51% | 0.91% | 0.76% | -0.28% | 0.87% | 0.43% | 7.01% |
| 2023 | 4.07% | -1.14% | -0.12% | 0.31% | -0.40% | -0.40% | 0.18% | -0.29% | -1.44% | -1.20% | 2.19% | 2.90% | 4.57% |
| 2022 | -0.40% | -1.29% | -1.44% | -0.94% | -1.48% | -1.92% | -0.02% | 1.10% | -3.20% | -1.86% | 1.49% | -0.49% | -10.05% |
| 2021 | 1.68% | 0.52% | 0.39% | 0.64% | 0.36% | 0.23% | 0.36% | 0.11% | 0.11% | -0.14% | -0.39% | -0.01% | 3.90% |
Benchmark Metrics
Invesco Income Fund has an annualized alpha of 3.61%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 1990.
- This fund captured 10.79% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.71%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.61%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 10.79%
- Downside Capture
- -1.71%
Expense Ratio
AGOVX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AGOVX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Income Fund (AGOVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGOVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.78 | -1.18 |
| Martin ratioReturn relative to average drawdown | 4.81 | 12.44 | -7.63 |
Dividends
Dividend History
Invesco Income Fund provided a 5.07% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.36 | $0.32 | $0.24 | $0.23 | $0.32 | $0.41 | $0.23 | $0.17 | $0.15 | $0.14 |
Dividend yield | 5.07% | 5.09% | 5.12% | 4.61% | 3.45% | 2.96% | 4.14% | 4.69% | 2.76% | 1.89% | 1.72% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.14 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2024 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.00 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Income 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 Income Fund was 33.41%, occurring on Mar 25, 2020. Recovery took 1322 trading sessions.
The current Invesco Income Fund drawdown is 1.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.41%Mar 2020 | 1mo 3d | 5y 3mo | 5y 4moFeb 2020 - Jun 2025 |
1994 pullback1994 | -6.38%May 1994 | 3mo 7d | 11mo 16d | 1y 2moFeb 1994 - Apr 1995 |
Rate-hike selloffLate 2018 | -5.43%Dec 2018 | 2y 5mo | 4mo 10d | 2y 9moJul 2016 - Apr 2019 |
2003 pullback2003 | -4.54%Aug 2003 | 2mo 12d | 6mo 11d | 8mo 23dJun 2003 - Mar 2004 |
2013 pullback2013 | -4.52%Sep 2013 | 1y 1mo | 1y 1mo | 2y 2moAug 2012 - Oct 2014 |
Drawdown Indicators
| AGOVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.41% | -56.78% | +23.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -9.10% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -18.90% | +15.30% |
Max Drawdown (5Y)Largest decline over 5 years | -11.79% | -25.43% | +13.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -33.92% | +0.51% |
Current DrawdownCurrent decline from peak | -1.19% | -1.80% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -10.71% | +8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.03% | -1.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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