- Issuer
- Invesco
- Inception Date
- Jan 1, 1997
- Category
- Mid Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
UMCVX Performance Chart
Invesco V.I. American Value Fund (UMCVX) is up 22.8% since the beginning of the year. UMCVX is currently trading at $22 per share. Investors who bought $1,000 worth of UMCVX shares 5 years ago would now be looking at an investment worth $2,399.
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Returns By Period
Invesco V.I. American Value Fund (UMCVX) has returned 22.81% so far this year and 48.23% over the past 12 months. Over the last decade, UMCVX has posted an annualized return of 14.18%, slightly higher than the S&P 500 Index benchmark’s 13.88%.
Invesco V.I. American Value Fund
- 1D
- 1.87%
- 1M
- 3.87%
- YTD
- 22.81%
- 6M
- 21.01%
- 1Y
- 48.23%
- 3Y*
- 30.70%
- 5Y*
- 19.13%
- 10Y*
- 14.18%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
UMCVX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1997, UMCVX's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +15.1%, while the worst month was Mar 2020 at -23.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, UMCVX closed higher 46% of trading days. The best single day was Oct 26, 2023 with a return of +29.9%, while the worst single day was Oct 27, 2023 at -23.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.00% | 5.82% | -6.23% | 9.76% | 1.56% | 3.77% | 22.81% | ||||||
| 2025 | 5.32% | -5.00% | -5.72% | -3.54% | 7.34% | 6.09% | 0.93% | 3.79% | 5.06% | -0.36% | 4.23% | 2.31% | 21.17% |
| 2024 | -0.50% | 4.96% | 8.77% | -3.15% | 4.88% | -2.73% | 4.78% | 1.34% | 3.12% | 1.08% | 10.58% | -5.05% | 30.42% |
| 2023 | 6.31% | -3.65% | -6.03% | 0.79% | -4.20% | 10.14% | 6.53% | -0.93% | -3.48% | -4.51% | 7.90% | 7.70% | 15.70% |
| 2022 | -1.34% | 1.16% | -0.10% | -7.13% | 4.18% | -11.48% | 7.80% | -0.81% | -10.45% | 14.88% | 7.67% | -3.62% | -2.53% |
| 2021 | -0.13% | 8.37% | 5.32% | 5.72% | 2.15% | -2.98% | -0.42% | 1.65% | -2.20% | 5.06% | -3.28% | 6.51% | 27.96% |
Benchmark Metrics
Invesco V.I. American Value Fund has an annualized alpha of 3.47%, beta of 0.88, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.
- This fund captured 110.78% of S&P 500 Index gains and 102.74% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 3.47% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.88 and R2 of 0.57, 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
- 3.47%
- Beta
- 0.88
- R²
- 0.57
- Upside Capture
- 110.78%
- Downside Capture
- 102.74%
Expense Ratio
UMCVX has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UMCVX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco V.I. American Value Fund (UMCVX) 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.
| UMCVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | 2.78 | +2.16 |
| Martin ratioReturn relative to average drawdown | 17.35 | 12.44 | +4.91 |
Dividends
Dividend History
Invesco V.I. American Value Fund provided a 13.65% dividend yield over the last twelve months, with an annual payout of $3.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.04 | $3.04 | $0.55 | $3.58 | $3.72 | $0.08 | $0.26 | $1.30 | $2.75 | $0.35 | $0.99 | $2.48 |
Dividend yield | 13.65% | 16.76% | 3.11% | 25.58% | 23.66% | 0.42% | 1.65% | 8.19% | 19.87% | 1.91% | 5.79% | 15.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco V.I. American Value Fund. 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 | $3.04 | $0.00 | $0.00 | $3.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.55 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.58 | $0.00 | $0.00 | $3.58 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.72 | $0.00 | $0.00 | $3.72 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 |
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 V.I. American Value Fund. 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 V.I. American Value Fund was 59.30%, occurring on Mar 9, 2009. Recovery took 492 trading sessions.
The current Invesco V.I. American Value Fund drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.30%Mar 2009 | 1y 7mo | 1y 11mo | 3y 7moJul 2007 - Feb 2011 |
Dot-com crash2000–2002 | -49.77%Oct 2002 | 2y 10d | 2y 9mo | 4y 9moSep 2000 - Jul 2005 |
COVID crash2020 | -45.77%Mar 2020 | 2mo 2d | 9mo 13d | 11mo 15dJan 2020 - Dec 2020 |
2016 bear market2016 | -29.52%Feb 2016 | 7mo 22d | 1y | 1y 7moJun 2015 - Feb 2017 |
2025 selloff2025 | -25.10%Apr 2025 | 2mo 14d | 4mo 21d | 7mo 5dJan 2025 - Aug 2025 |
Drawdown Indicators
| UMCVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -56.78% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -9.10% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -25.10% | -18.90% | -6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -25.43% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -45.77% | -33.92% | -11.85% |
Current DrawdownCurrent decline from peak | -1.98% | -1.80% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -10.71% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.03% | +0.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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