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Invesco Small Cap Equity Fund Class A (SMEAX) Sharpe Ratio: 1.39

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

SMEAX's Sharpe Ratio of 1.39 indicates that for each unit of volatility, it generates 1.39 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 3, 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.

SMEAX Sharpe Ratio Rank

SMEAX Sharpe Ratio Rank: 22.523
Below Average

SMEAX ranks above 22.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-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

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SMEAX Sharpe Ratio Market Positioning

The chart shows SMEAX'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%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Invesco Small Cap Equity Fund Class A's Sharpe Ratio with other mutual funds in the Small Cap Blend Equities category across multiple time periods, showing how SMEAX'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 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AUERXAuer Growth Fund3.33
MOPIXMainStay WMC Small Companies Fund3.15
RYOTXRoyce Micro Cap Series Fund3.07
WWSIXKeeley Small Cap Fund Class Institutional2.99
WESCXTETON Westwood SmallCap Equity Fund2.97
RIVSXRiver Oak Discovery Fund2.95
NINLXNeuberger Berman Intrinsic Value Fund2.92
JESIXJohn Hancock Variable Insurance Trust Small Cap Index Trust2.68
AFMCXAcuitas US Microcap Fund2.59
HDPSXHodges Small Cap Fund2.53
SMEAXInvesco Small Cap Equity Fund Class A1.39

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SMEAX'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 SMEAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SMEAX fit in your portfolio?

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