ABRYX vs. AFQSX

Last updated Jun 4, 2026

ABRYX (Invesco Balanced-Risk Allocation Fund) and AFQSX (Alpha Fiduciary Quantitative Strategy Fund) are both Tactical Allocation funds. Over the past 5 years, ABRYX returned 4.85%/yr vs 2.97%/yr for AFQSX. At a 0.33 correlation, their price movements are largely independent. ABRYX charges 1.06%/yr vs 1.70%/yr for AFQSX.

Performance

ABRYX vs. AFQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Balanced-Risk Allocation Fund (ABRYX) and Alpha Fiduciary Quantitative Strategy Fund (AFQSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABRYX achieves a 21.28% return, which is significantly higher than AFQSX's 12.38% return.

ABRYX

• 1D: 0.79%
• 1M: 2.10%
• YTD: 21.28%
• 6M: 21.04%
• 1Y: 30.61%
• 3Y*: 12.51%
• 5Y*: 4.85%
• 10Y*: 5.16%

AFQSX

• 1D: 0.19%
• 1M: 6.19%
• YTD: 12.38%
• 6M: 14.29%
• 1Y: 24.14%
• 3Y*: 6.58%
• 5Y*: 2.97%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABRYX vs. AFQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ABRYX Invesco Balanced-Risk Allocation Fund	21.28%	8.50%	3.34%	6.34%	-14.82%	9.65%	9.50%
AFQSX Alpha Fiduciary Quantitative Strategy Fund	12.38%	3.78%	5.83%	2.10%	-22.23%	44.62%	-23.80%

Correlation

The correlation between ABRYX and AFQSX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.33

The correlation between ABRYX and AFQSX shifts across timeframes, from 0.22 (3 years) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ABRYX vs. AFQSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABRYX

ABRYX Risk / Return Rank: 95
ABRYX Sharpe Ratio Rank: 96
ABRYX Sortino Ratio Rank: 93
ABRYX Omega Ratio Rank: 93
ABRYX Calmar Ratio Rank: 97
ABRYX Martin Ratio Rank: 97

AFQSX

AFQSX Risk / Return Rank: 81
AFQSX Sharpe Ratio Rank: 74
AFQSX Sortino Ratio Rank: 80
AFQSX Omega Ratio Rank: 84
AFQSX Calmar Ratio Rank: 86
AFQSX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABRYX vs. AFQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Allocation Fund (ABRYX) and Alpha Fiduciary Quantitative Strategy Fund (AFQSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ABRYX	AFQSX	Difference
Sharpe ratio: Return per unit of total volatility	3.53	2.50	+1.03
Sortino ratio: Return per unit of downside risk	4.64	3.81	+0.84
Omega ratio: Gain probability vs. loss probability	1.70	1.57	+0.14
Calmar ratio: Return relative to maximum drawdown	7.52	4.16	+3.36
Martin ratio: Return relative to average drawdown	27.39	15.05	+12.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABRYX vs. AFQSX - Sharpe Ratio Comparison

The current ABRYX Sharpe Ratio is 3.53, which is higher than the AFQSX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of ABRYX and AFQSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABRYX	AFQSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.53	2.50	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.00	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.00	+0.65

Drawdowns

ABRYX vs. AFQSX - Drawdown Comparison

The maximum ABRYX drawdown since its inception was -26.63%, smaller than the maximum AFQSX drawdown of -93.01%. Use the drawdown chart below to compare losses from any high point for ABRYX and AFQSX.

Drawdown Indicators

	ABRYX	AFQSX	Difference
Max Drawdown Largest peak-to-trough decline	-26.63%	-93.01%	+66.38%
Max Drawdown (1Y) Largest decline over 1 year	-4.15%	-6.01%	+1.86%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	-93.01%	+74.92%
Max Drawdown (5Y) Largest decline over 5 years	-19.17%	-93.01%	+73.84%
Max Drawdown (10Y) Largest decline over 10 years	-26.63%	—	—
Current Drawdown Current decline from peak	0.00%	-90.44%	+90.44%
Average Drawdown Average peak-to-trough decline	-4.64%	-35.16%	+30.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	1.66%	-0.52%

Volatility

ABRYX vs. AFQSX - Volatility Comparison

Invesco Balanced-Risk Allocation Fund (ABRYX) and Alpha Fiduciary Quantitative Strategy Fund (AFQSX) have volatilities of 2.93% and 2.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABRYX	AFQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.97%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	8.40%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	8.85%	10.01%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.18%	637.17%	-624.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	562.87%	-551.97%

ABRYX vs. AFQSX - Expense Ratio Comparison

ABRYX has a 1.06% expense ratio, which is lower than AFQSX's 1.70% expense ratio.

Dividends

ABRYX vs. AFQSX - Dividend Comparison

ABRYX's dividend yield for the trailing twelve months is around 2.92%, while AFQSX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABRYX Invesco Balanced-Risk Allocation Fund	2.92%	3.55%	13.21%	2.43%	0.00%	25.72%	1.40%	6.66%	0.00%	6.34%	4.36%	7.17%
AFQSX Alpha Fiduciary Quantitative Strategy Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ABRYX and AFQSX in my portfolio?

ABRYX and AFQSX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABRYX or AFQSX?

AFQSX has higher volatility (2.97%) compared to ABRYX (2.93%). In terms of maximum drawdown, ABRYX dropped -26.63% vs AFQSX's -93.01%.

Which has better risk-adjusted returns?

ABRYX currently has the higher Sharpe Ratio (3.53 vs 2.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.