Invesco Zacks Multi-Asset Income ETF (CVY) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CVY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CVY
CVY charges 1.21% annually. There are 65 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify US Equity PLUS Managed Futures Strategy E... | 0.10% | 138.08M | Dec 2025 | CVY vs CTAP | |
| iShares Core 30/70 Conservative Allocation ETF | 0.15% | 781.58M | Nov 2008 | CVY vs AOK | |
| iShares Core 60/40 Balanced Allocation ETF | 0.15% | 3.64B | Nov 2008 | CVY vs AOR | |
| iShares Core 80/20 Aggressive Allocation ETF | 0.15% | 3.19B | Nov 2008 | CVY vs AOA | |
| iShares ESG Aware Aggressive Allocation ETF | 0.18% | 36.94M | Jun 2020 | CVY vs EAOA |
Best Risk-Adjusted Alternatives to CVY
CVY has a PortfoliosLab risk / return rank of 83. There are 6 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Income Focus ETF | 92 | 1.72B | Jun 2023 | CVY vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | 88 | 145.17M | Nov 2022 | CVY vs HIDE | |
| iShares Morningstar Multi-Asset Income ETF | 87 | 125.24M | Apr 2012 | CVY vs IYLD | |
| Avantis Moderate Allocation ETF | 87 | 82.33M | Jun 2023 | CVY vs AVMA | |
| First Trust Multi-Asset Diversified Income Index F... | 86 | 429.28M | Aug 2012 | CVY vs MDIV |
Top Performing CVY Alternatives (YTD)
CVY is at 15.51% YTD. There are 3 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 28.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Adaptive Core ETF | 28.07% | 16.56M | Nov 2021 | CVY vs RULE | |
| WisdomTree Emerging Markets Efficient Core Fund | 18.97% | 53.61M | May 2021 | CVY vs NTSE | |
| Pacer Trendpilot International ETF | 16.34% | 181.50M | May 2019 | CVY vs PTIN | |
| Myriad Dynamic Asset Allocation ETF | 14.47% | 444.94M | Oct 2025 | CVY vs MDAA | |
| ETC Cabana Target Leading Sector Moderate ETF | 13.76% | 114.31M | Jul 2021 | CVY vs CLSM |
Lowest Volatility Alternatives to CVY
CVY has 10.82% 1-year volatility. There are 43 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FlexShares Real Assets Allocation Index Fund | 0.00% | 7.49M | Nov 2015 | CVY vs ASET | |
| Prospera Income ETF | 2.88% | 2.20M | Sep 2025 | CVY vs THRV | |
| First Trust High Income Strategic Focus ETF | 3.33% | 98.51M | Aug 2014 | CVY vs HISF | |
| Mindful Conservative ETF | 4.31% | 26.13M | Nov 2021 | CVY vs MFUL | |
| Brookstone Yield ETF | 4.53% | 43.48M | Sep 2023 | CVY vs BAMY |
Lowest Drawdown Alternatives to CVY
CVY has a 1-year max drawdown of -7.43%. There are 40 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -2.48%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookstone Yield ETF | -2.48% | 43.48M | Sep 2023 | CVY vs BAMY | |
| First Trust High Income Strategic Focus ETF | -2.90% | 98.51M | Aug 2014 | CVY vs HISF | |
| Franklin Income Focus ETF | -3.19% | 1.72B | Jun 2023 | CVY vs INCM | |
| Alpha Architect High Inflation And Deflation ETF | -3.31% | 145.17M | Nov 2022 | CVY vs HIDE | |
| Mindful Conservative ETF | -3.36% | 26.13M | Nov 2021 | CVY vs MFUL |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 49 | 12.26% | 452.80B | Mar 1999 | CVY vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 46 | 21.07% | 21.05B | Oct 2015 | CVY vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 49 | 12.29% | 97.11B | Oct 2020 | CVY vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 73 | 13.16% | 96.96B | Apr 2003 | CVY vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 59.97% | 2.58B | Jun 2021 | CVY vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 62 | 13.51% | 19.45B | Dec 2005 | CVY vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 35 | 2.89% | 10.56B | May 2005 | CVY vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 53 | 12.28% | 4.04B | Oct 2012 | CVY vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 39 | 11.79% | 7.18B | Mar 2005 | CVY vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 55 | 10.66% | 4.08B | Feb 2012 | CVY vs IDMO |
Often Compared With CVY
Investors most often compare CVY with SPY, VOO, VYM. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare CVY with Any Fund or Stock
Compare CVY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CVY with funds that move differently
Invesco Zacks Multi-Asset Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CVY.
Explore CVY Diversifiers