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 61 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% | 177.84M | Dec 2025 | CVY vs CTAP | |
| PIMCO U.S. Stocks PLUS Active Bond ETF | 0.18% | 52.96M | Jan 2026 | CVY vs SPLS | |
| iShares ESG Aware Aggressive Allocation ETF | 0.18% | 37.39M | Jun 2020 | CVY vs EAOA | |
| iShares ESG Aware Conservative Allocation ETF | 0.18% | 9.22M | Jun 2020 | CVY vs EAOK | |
| iShares ESG Aware Moderate Allocation ETF | 0.18% | 8.63M | Jun 2020 | CVY vs EAOM |
Best Risk-Adjusted Alternatives to CVY
CVY has a PortfoliosLab risk / return rank of 46. There are 49 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Income Focus ETF | 89 | 1.54B | Jun 2023 | CVY vs INCM | |
| Draco Evolution AI ETF | 87 | 20.72M | Jul 2024 | CVY vs DRAI | |
| WisdomTree Emerging Markets Efficient Core Fund | 87 | 53.56M | May 2021 | CVY vs NTSE | |
| VanEck Inflation Allocation ETF | 85 | 969.68M | Apr 2018 | CVY vs RAAX | |
| Cabana Target Leading Sector Moderate ETF | 82 | 114.31M | Jul 2021 | CVY vs CLSM |
Top Performing CVY Alternatives (YTD)
CVY is at 7.59% YTD. There are 32 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 45.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Adaptive Core ETF | 45.39% | 12.20M | Nov 2021 | CVY vs RULE | |
| WisdomTree Emerging Markets Efficient Core Fund | 32.02% | 53.56M | May 2021 | CVY vs NTSE | |
| Myriad Dynamic Asset Allocation ETF | 22.13% | — | Oct 2025 | CVY vs MDAA | |
| Simplify US Equity PLUS Managed Futures Strategy E... | 21.95% | 177.84M | Dec 2025 | CVY vs CTAP | |
| Cabana Target Leading Sector Moderate ETF | 20.45% | 114.31M | Jul 2021 | CVY vs CLSM |
Lowest Volatility Alternatives to CVY
CVY has 11.00% 1-year volatility. There are 48 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 | 2.92% | 2.20M | Sep 2025 | CVY vs THRV | |
| First Trust High Income Strategic Focus ETF | 3.32% | 95.53M | Aug 2014 | CVY vs HISF | |
| Mindful Conservative ETF | 3.93% | 26.13M | Nov 2021 | CVY vs MFUL | |
| Alpha Architect High Inflation And Deflation ETF | 4.43% | 100.05M | Nov 2022 | CVY vs HIDE |
Lowest Drawdown Alternatives to CVY
CVY has a 1-year max drawdown of -7.43%. There are 43 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -2.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Alpha Architect High Inflation And Deflation ETF | -2.31% | 100.05M | Nov 2022 | CVY vs HIDE | |
| Brookstone Yield ETF | -2.48% | 45.58M | Sep 2023 | CVY vs BAMY | |
| First Trust High Income Strategic Focus ETF | -2.90% | 95.53M | Aug 2014 | CVY vs HISF | |
| Franklin Income Focus ETF | -3.19% | 1.54B | Jun 2023 | CVY vs INCM | |
| 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 10 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | CVY vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 75 | 30.35% | 19.93B | Oct 2015 | CVY vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 74 | 21.39% | 96.91B | Oct 2020 | CVY vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | CVY vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | CVY vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | CVY vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 54 | 15.48% | 18.88B | Dec 2005 | CVY vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 21 | 4.38% | 3.23B | Oct 2012 | CVY vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 37 | 8.54% | 8.37B | Oct 2005 | CVY vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | CVY vs XMMO |
Often Compared With CVY
Investors most often compare CVY with VYM, SPY, VOO. These 20 comparison targets span 9 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