- ISIN
- US0088794963
- CUSIP
- 8879496
- Issuer
- Invesco
- Inception Date
- Aug 31, 2000
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
SMEAX Performance Chart
Invesco Small Cap Equity Fund Class A (SMEAX) is up 23.2% since the beginning of the year. SMEAX is currently trading at $18 per share. Investors who bought $1,000 worth of SMEAX shares 5 years ago would now be looking at an investment worth $1,477.
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Returns By Period
Invesco Small Cap Equity Fund Class A (SMEAX) has returned 23.19% so far this year and 32.04% over the past 12 months. Over the last ten years, SMEAX has returned 11.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Invesco Small Cap Equity Fund Class A
- 1D
- 0.97%
- 1M
- 7.38%
- YTD
- 23.19%
- 6M
- 20.43%
- 1Y
- 32.04%
- 3Y*
- 19.74%
- 5Y*
- 8.11%
- 10Y*
- 11.60%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SMEAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2001, SMEAX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was Oct 2011 with a return of +15.8%, while the worst month was Mar 2020 at -19.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SMEAX closed higher 52% of trading days. The best single day was Dec 13, 2019 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.38% | 1.86% | -6.99% | 13.90% | 2.96% | 6.23% | 23.19% | ||||||
| 2025 | 4.65% | -5.23% | -6.07% | -0.88% | 5.63% | 5.96% | 0.00% | 3.44% | 1.28% | 1.20% | 0.19% | -1.77% | 7.84% |
| 2024 | -2.02% | 5.81% | 4.48% | -5.67% | 4.47% | -1.12% | 8.09% | -0.39% | 1.58% | -1.62% | 12.53% | -7.82% | 17.80% |
| 2023 | 8.91% | -0.48% | -2.39% | -1.31% | -3.15% | 8.47% | 3.55% | -1.68% | -4.80% | -6.18% | 7.20% | 8.45% | 15.95% |
| 2022 | -10.41% | 0.89% | 0.07% | -9.81% | -0.00% | -8.83% | 10.04% | -2.28% | -8.67% | 11.14% | 4.19% | -6.15% | -20.62% |
| 2021 | 3.01% | 8.04% | 1.68% | 3.90% | -0.45% | 0.57% | -0.23% | 1.08% | -4.00% | 4.69% | -3.53% | 3.93% | 19.62% |
Benchmark Metrics
Invesco Small Cap Equity Fund Class A has an annualized alpha of 1.63%, beta of 1.05, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since January 02, 2001.
- This fund captured 113.32% of S&P 500 Index gains and 105.91% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.05 and R2 of 0.78, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.63%
- Beta
- 1.05
- R²
- 0.78
- Upside Capture
- 113.32%
- Downside Capture
- 105.91%
Expense Ratio
SMEAX has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SMEAX ranks 40 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Small Cap Equity Fund Class A (SMEAX) 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.
| SMEAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.46 | +0.09 |
| Martin ratioReturn relative to average drawdown | 9.39 | 10.92 | -1.53 |
Dividends
Dividend History
Invesco Small Cap Equity Fund Class A provided a 7.58% dividend yield over the last twelve months, with an annual payout of $1.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.35 | $1.35 | $1.18 | $0.05 | $0.34 | $2.85 | $0.90 | $1.40 | $2.05 | $0.83 | $0.77 | $0.87 |
Dividend yield | 7.58% | 9.34% | 8.09% | 0.40% | 2.95% | 19.02% | 6.03% | 11.18% | 18.53% | 5.38% | 5.38% | 6.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Small Cap Equity Fund Class A. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.85 | $2.85 |
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 Small Cap Equity Fund Class A. 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 Small Cap Equity Fund Class A was 56.69%, occurring on Mar 9, 2009. Recovery took 487 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.69%Mar 2009 | 2y 3mo | 1y 11mo | 4y 2moDec 2006 - Feb 2011 |
COVID crash2020 | -45.01%Mar 2020 | 3mo 8d | 7mo 21d | 10mo 29dDec 2019 - Nov 2020 |
Dot-com crash2000–2002 | -36.36%Oct 2002 | 5mo 25d | 1y 25d | 1y 6moApr 2002 - Nov 2003 |
Bear market2022 | -31.42%Jun 2022 | 7mo 1d | 2y 1mo | 2y 8moNov 2021 - Jul 2024 |
2011 bear market2011 | -28.97%Oct 2011 | 2mo 27d | 1y 3mo | 1y 5moJul 2011 - Jan 2013 |
Drawdown Indicators
| SMEAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -56.78% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -9.10% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -24.61% | -18.90% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.42% | -25.43% | -5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -45.01% | -33.92% | -11.09% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -10.71% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.04% | +1.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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