ABRZX vs. ABRYX

Last updated Jun 3, 2026

ABRZX (Invesco Balanced-Risk Allocation Fund Class A) and ABRYX (Invesco Balanced-Risk Allocation Fund) are both Tactical Allocation funds from Invesco. Over the past 10 years, ABRZX returned 4.83%/yr vs 5.08%/yr for ABRYX. With a 0.99 correlation, they move nearly in lockstep. ABRZX charges 1.41%/yr vs 1.06%/yr for ABRYX.

Performance

ABRZX vs. ABRYX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with ABRZX having a 20.22% return and ABRYX slightly higher at 20.33%. Over the past 10 years, ABRZX has underperformed ABRYX with an annualized return of 4.83%, while ABRYX has yielded a comparatively higher 5.08% annualized return.

ABRZX

• 1D: 0.20%
• 1M: 1.34%
• YTD: 20.22%
• 6M: 20.35%
• 1Y: 29.57%
• 3Y*: 11.95%
• 5Y*: 4.33%
• 10Y*: 4.83%

ABRYX

• 1D: 0.20%
• 1M: 1.40%
• YTD: 20.33%
• 6M: 20.50%
• 1Y: 29.91%
• 3Y*: 12.21%
• 5Y*: 4.58%
• 10Y*: 5.08%

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

ABRZX vs. ABRYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABRZX Invesco Balanced-Risk Allocation Fund Class A	20.22%	8.20%	3.14%	5.97%	-14.96%	9.36%	9.20%	9.43%	-7.01%	9.80%
ABRYX Invesco Balanced-Risk Allocation Fund	20.33%	8.50%	3.34%	6.34%	-14.82%	9.65%	9.50%	9.76%	-6.73%	9.97%

Correlation

The correlation between ABRZX and ABRYX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 4, 2009	0.99

The correlation between ABRZX and ABRYX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

ABRZX vs. ABRYX — Risk / Return Rank

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

ABRZX

ABRZX Risk / Return Rank: 95
ABRZX Sharpe Ratio Rank: 96
ABRZX Sortino Ratio Rank: 91
ABRZX Omega Ratio Rank: 92
ABRZX Calmar Ratio Rank: 97
ABRZX Martin Ratio Rank: 97

ABRYX

ABRYX Risk / Return Rank: 95
ABRYX Sharpe Ratio Rank: 96
ABRYX Sortino Ratio Rank: 92
ABRYX Omega Ratio Rank: 92
ABRYX Calmar Ratio Rank: 97
ABRYX Martin Ratio Rank: 97

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.

ABRZX vs. ABRYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Allocation Fund Class A (ABRZX) and Invesco Balanced-Risk Allocation Fund (ABRYX). 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.

	ABRZX	ABRYX	Difference
Sharpe ratio Return per unit of total volatility	3.41	3.46	-0.04
Sortino ratio Return per unit of downside risk	4.49	4.55	-0.06
Omega ratio Gain probability vs. loss probability	1.69	1.69	0.00
Calmar ratio Return relative to maximum drawdown	7.42	7.32	+0.11
Martin ratio Return relative to average drawdown	26.97	26.77	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABRZX vs. ABRYX - Sharpe Ratio Comparison

The current ABRZX Sharpe Ratio is 3.41, which is comparable to the ABRYX Sharpe Ratio of 3.46. The chart below compares the historical Sharpe Ratios of ABRZX and ABRYX, 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

	ABRZX	ABRYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	3.46	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.38	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.47	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.65	-0.03

Drawdowns

ABRZX vs. ABRYX - Drawdown Comparison

The maximum ABRZX drawdown since its inception was -26.62%, roughly equal to the maximum ABRYX drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for ABRZX and ABRYX.

Drawdown Indicators

	ABRZX	ABRYX	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-26.63%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-4.07%	-4.15%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-18.28%	-18.09%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-19.33%	-19.17%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-26.62%	-26.63%	+0.01%
Current Drawdown Current decline from peak	-0.10%	-0.10%	0.00%
Average Drawdown Average peak-to-trough decline	-4.75%	-4.64%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	1.14%	-0.02%

Volatility

ABRZX vs. ABRYX - Volatility Comparison

Invesco Balanced-Risk Allocation Fund Class A (ABRZX) and Invesco Balanced-Risk Allocation Fund (ABRYX) have volatilities of 2.90% and 2.85%, 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

	ABRZX	ABRYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.85%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	7.90%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	8.86%	8.85%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.21%	12.18%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	10.90%	0.00%

ABRZX vs. ABRYX - Expense Ratio Comparison

ABRZX has a 1.41% expense ratio, which is higher than ABRYX's 1.06% expense ratio.

Dividends

ABRZX vs. ABRYX - Dividend Comparison

ABRZX's dividend yield for the trailing twelve months is around 2.81%, less than ABRYX's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABRYX Invesco Balanced-Risk Allocation Fund	2.95%	3.55%	13.21%	2.43%	0.00%	25.72%	1.40%	6.66%	0.00%	6.34%	4.36%	7.17%
ABRZX Invesco Balanced-Risk Allocation Fund Class A	2.81%	3.38%	13.28%	2.21%	0.00%	26.02%	1.18%	6.49%	0.00%	6.43%	4.41%	6.91%

Frequently Asked Questions

Can I hold both ABRZX and ABRYX in my portfolio?

With a correlation of 0.99, ABRZX and ABRYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ABRZX or ABRYX?

ABRZX has higher volatility (2.90%) compared to ABRYX (2.85%). In terms of maximum drawdown, ABRZX dropped -26.62% vs ABRYX's -26.63%.

Which has better risk-adjusted returns?

ABRYX currently has the higher Sharpe Ratio (3.46 vs 3.41), 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.