ABRZX vs. SAPEX
Compare and contrast key facts about Invesco Balanced-Risk Allocation Fund Class A (ABRZX) and Spectrum Active Advantage Fund (SAPEX).
ABRZX is an actively managed fund by Invesco. It was launched on Jun 2, 2009. SAPEX is managed by Advisors Preferred. It was launched on May 31, 2015.
Performance
ABRZX vs. SAPEX - Performance Comparison
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ABRZX vs. SAPEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABRZX Invesco Balanced-Risk Allocation Fund Class A | 11.64% | 8.20% | 3.14% | 5.97% | -14.96% | 9.36% | 9.20% | 9.43% | -7.01% | 9.80% |
SAPEX Spectrum Active Advantage Fund | -5.79% | 15.25% | 5.25% | 12.11% | -38.08% | 17.15% | 13.72% | 27.65% | -4.44% | 15.05% |
Returns By Period
In the year-to-date period, ABRZX achieves a 11.64% return, which is significantly higher than SAPEX's -5.79% return. Both investments have delivered pretty close results over the past 10 years, with ABRZX having a 4.68% annualized return and SAPEX not far behind at 4.59%.
ABRZX
- 1D
- 0.89%
- 1M
- -1.09%
- YTD
- 11.64%
- 6M
- 13.79%
- 1Y
- 19.11%
- 3Y*
- 8.79%
- 5Y*
- 3.99%
- 10Y*
- 4.68%
SAPEX
- 1D
- -0.16%
- 1M
- -5.88%
- YTD
- -5.79%
- 6M
- -2.64%
- 1Y
- 10.17%
- 3Y*
- 8.47%
- 5Y*
- -1.99%
- 10Y*
- 4.59%
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ABRZX vs. SAPEX - Expense Ratio Comparison
ABRZX has a 1.41% expense ratio, which is lower than SAPEX's 1.69% expense ratio.
Return for Risk
ABRZX vs. SAPEX — Risk / Return Rank
ABRZX
SAPEX
ABRZX vs. SAPEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Allocation Fund Class A (ABRZX) and Spectrum Active Advantage Fund (SAPEX). 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 | SAPEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 0.99 | +1.04 |
Sortino ratioReturn per unit of downside risk | 2.63 | 1.38 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.24 | +1.42 |
Martin ratioReturn relative to average drawdown | 10.66 | 4.20 | +6.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABRZX | SAPEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 0.99 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.14 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.28 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.29 | +0.29 |
Correlation
The correlation between ABRZX and SAPEX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ABRZX vs. SAPEX - Dividend Comparison
ABRZX's dividend yield for the trailing twelve months is around 3.03%, less than SAPEX's 5.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABRZX Invesco Balanced-Risk Allocation Fund Class A | 3.03% | 3.38% | 13.28% | 2.21% | 0.00% | 26.02% | 1.18% | 6.49% | 0.00% | 6.43% | 4.41% | 6.91% |
SAPEX Spectrum Active Advantage Fund | 5.07% | 4.77% | 2.23% | 0.88% | 0.00% | 33.33% | 1.43% | 0.74% | 3.09% | 4.26% | 0.17% | 0.00% |
Drawdowns
ABRZX vs. SAPEX - Drawdown Comparison
The maximum ABRZX drawdown since its inception was -26.62%, smaller than the maximum SAPEX drawdown of -40.48%. Use the drawdown chart below to compare losses from any high point for ABRZX and SAPEX.
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Drawdown Indicators
| ABRZX | SAPEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -40.48% | +13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -7.62% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -40.48% | +21.15% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -40.48% | +13.86% |
Current DrawdownCurrent decline from peak | -2.36% | -22.31% | +19.95% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -14.52% | +9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.25% | -0.53% |
Volatility
ABRZX vs. SAPEX - Volatility Comparison
Invesco Balanced-Risk Allocation Fund Class A (ABRZX) has a higher volatility of 3.98% compared to Spectrum Active Advantage Fund (SAPEX) at 3.32%. This indicates that ABRZX's price experiences larger fluctuations and is considered to be riskier than SAPEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABRZX | SAPEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.32% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 7.72% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 10.76% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.17% | 14.62% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 16.75% | -5.87% |