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Invesco Income Advantage U.S. Fund (SCAUX) Sharpe Ratio: 2.11

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks income and long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of U.S. issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. It invests primarily in U.S. equity securities, including common and preferred stock, and ELNs. It may also invest in real estate investment trusts (REITs), which are trusts that sell equity and/or debt securities to investors and use the proceeds to invest in real estate or interests therein.

SCAUX's Sharpe Ratio of 2.11 indicates that for each unit of volatility, it generates 2.11 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SCAUX Sharpe Ratio Rank

SCAUX Sharpe Ratio Rank: 60.861
Above Average

SCAUX ranks above 60.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

SCAUX Sharpe Ratio Market Positioning

The chart shows SCAUX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.33+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Invesco Income Advantage U.S. Fund's Sharpe Ratio with other mutual funds in the Derivative Income category across multiple time periods, showing how SCAUX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CIIBlackRock Enhanced Large Cap Core Fund2.66
NIEVirtus Equity & Convertible Income Fund2.36
SCAUXInvesco Income Advantage U.S. Fund2.11
BMCIXBlackRock High Equity Income Fund2.07
BMEAXBlackRock High Equity Income Fund Class A2.04
TCBIXThe Covered Bridge Fund2.01
PUTWWisdomTree Equity Premium Income Fund2.00
QQQXNuveen Nasdaq 100 Dynamic Overwrite Fund1.95
CLPAXCatalyst Nasdaq-100 Hedged Equity Fund1.87
SCJIXCrossmark Steward Covered Call Income Fund1.82

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SCAUX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SCAUX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SCAUX fit in your portfolio?

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