Invesco Conservative Income Fund (ICIFX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ICIFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ICIFX
ICIFX charges 0.27% annually. There are 19 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | ICIFX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | ICIFX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | ICIFX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | ICIFX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | ICIFX vs DFYGX |
Best Risk-Adjusted Alternatives to ICIFX
ICIFX has a PortfoliosLab risk / return rank of 98. There are 35 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | ICIFX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | ICIFX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | ICIFX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | ICIFX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | ICIFX vs ENIAX |
Top Performing ICIFX Alternatives (YTD)
ICIFX is at 1.46% YTD. There are 24 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | ICIFX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | ICIFX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | ICIFX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | ICIFX vs MYFRX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 1.64% | — | Jul 2017 | ICIFX vs TRSTX |
Lowest Volatility Alternatives to ICIFX
ICIFX has 1.40% 1-year volatility. There are 36 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | ICIFX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | ICIFX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | ICIFX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | ICIFX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | ICIFX vs BUBIX |
Lowest Drawdown Alternatives to ICIFX
ICIFX has a 1-year max drawdown of -0.40%. There are 32 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | ICIFX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | ICIFX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | ICIFX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | ICIFX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | ICIFX vs NUSIX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 76 | 21.57% | — | Oct 2020 | ICIFX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 41 | 9.93% | — | — | ICIFX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Precious Metals | 28 | 3.54% | — | Jul 1983 | ICIFX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 87 | 23.96% | — | Jun 2001 | ICIFX vs VVOAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | 9.63% | — | Jun 2005 | ICIFX vs VAFAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 59 | 9.14% | — | Oct 1968 | ICIFX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 41 | 6.01% | — | Feb 1988 | ICIFX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 31.33% | — | Jun 1999 | ICIFX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 67 | 6.02% | — | Aug 1960 | ICIFX vs ACEIX | |
| Invesco Global Fund | Global Equities | 25 | 9.82% | — | Dec 1969 | ICIFX vs OPPAX |
Often Compared With ICIFX
Investors most often compare ICIFX with GSY, CBUDX, BUSIX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Ultra Short Duration ETF | Ultrashort Bond | 100 | 1.59% | 3.51B | Feb 2008 | ICIFX vs GSY | |
| CrossingBridge Ultra-Short Duration Fund | Ultrashort Bond | 99 | 1.54% | — | Jun 2021 | ICIFX vs CBUDX | |
| Sterling Capital Ultra Short Bond Fund | Ultrashort Bond | — | — | — | Nov 2012 | ICIFX vs BUSIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 42 | 10.05% | — | Jul 1997 | ICIFX vs VADDX | |
| Northern Ultra-Short Fixed Income Fund | Ultrashort Bond | 98 | 1.24% | — | Jun 2009 | ICIFX vs NUSFX | |
| T. Rowe Price Ultra Short-Term Bond Fund | Ultrashort Bond | 99 | 1.59% | — | Dec 2012 | ICIFX vs TRBUX | |
| Eaton Vance Short Duration Government Income Fund | Ultrashort Bond | 70 | 1.21% | — | Sep 2002 | ICIFX vs EALDX | |
| Touchstone Ultra Short Duration Fixed Income Fund | Ultrashort Bond | 98 | 1.59% | — | Mar 1994 | ICIFX vs TSDOX | |
| Guggenheim Ultra Short Duration Fund | Ultrashort Bond | 98 | 1.63% | — | Mar 2014 | ICIFX vs GIYIX |
Compare ICIFX with Any Fund or Stock
Compare ICIFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ICIFX with funds that move differently
Invesco Conservative Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ICIFX.
Explore ICIFX Diversifiers