ACEIX vs. OARDX

Last updated Jun 4, 2026

ACEIX (Invesco Equity and Income Fund) and OARDX (Invesco Rising Dividends Fund) are both mutual funds - ACEIX is a Diversified Portfolio fund managed by Invesco, while OARDX is a Large Cap Blend Equities fund managed by Invesco. Over the past 10 years, ACEIX returned 8.87%/yr vs 12.60%/yr for OARDX. Their correlation of 0.87 suggests significant overlap in exposure. ACEIX charges 0.78%/yr vs 1.00%/yr for OARDX.

Performance

ACEIX vs. OARDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equity and Income Fund (ACEIX) and Invesco Rising Dividends Fund (OARDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEIX achieves a 6.02% return, which is significantly lower than OARDX's 6.47% return. Over the past 10 years, ACEIX has underperformed OARDX with an annualized return of 8.87%, while OARDX has yielded a comparatively higher 12.60% annualized return.

ACEIX

• 1D: 0.61%
• 1M: 1.13%
• YTD: 6.02%
• 6M: 7.12%
• 1Y: 17.83%
• 3Y*: 13.49%
• 5Y*: 7.05%
• 10Y*: 8.87%

OARDX

• 1D: 0.43%
• 1M: 3.66%
• YTD: 6.47%
• 6M: 6.42%
• 1Y: 20.83%
• 3Y*: 17.42%
• 5Y*: 12.06%
• 10Y*: 12.60%

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

ACEIX vs. OARDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACEIX Invesco Equity and Income Fund	6.02%	12.85%	11.77%	10.08%	-7.75%	18.02%	9.96%	19.17%	-9.74%	10.86%
OARDX Invesco Rising Dividends Fund	6.47%	17.43%	19.40%	17.73%	-12.68%	26.52%	13.34%	29.59%	-6.55%	17.48%

Correlation

The correlation between ACEIX and OARDX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 3, 1986	0.87

The correlation between ACEIX and OARDX shifts across timeframes, from 0.75 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ACEIX vs. OARDX — Risk / Return Rank

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

ACEIX

ACEIX Risk / Return Rank: 67
ACEIX Sharpe Ratio Rank: 64
ACEIX Sortino Ratio Rank: 64
ACEIX Omega Ratio Rank: 59
ACEIX Calmar Ratio Rank: 75
ACEIX Martin Ratio Rank: 75

OARDX

OARDX Risk / Return Rank: 53
OARDX Sharpe Ratio Rank: 55
OARDX Sortino Ratio Rank: 60
OARDX Omega Ratio Rank: 52
OARDX Calmar Ratio Rank: 43
OARDX Martin Ratio Rank: 54

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.

ACEIX vs. OARDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equity and Income Fund (ACEIX) and Invesco Rising Dividends Fund (OARDX). 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.

	ACEIX	OARDX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.18	+0.16
Sortino ratio: Return per unit of downside risk	3.35	3.25	+0.10
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.03
Calmar ratio: Return relative to maximum drawdown	3.42	2.50	+0.91
Martin ratio: Return relative to average drawdown	14.15	10.94	+3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACEIX vs. OARDX - Sharpe Ratio Comparison

The current ACEIX Sharpe Ratio is 2.34, which is comparable to the OARDX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of ACEIX and OARDX, 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

	ACEIX	OARDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.18	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.74	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.70	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.07	+0.65

Drawdowns

ACEIX vs. OARDX - Drawdown Comparison

The maximum ACEIX drawdown since its inception was -40.08%, smaller than the maximum OARDX drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for ACEIX and OARDX.

Drawdown Indicators

	ACEIX	OARDX	Difference
Max Drawdown Largest peak-to-trough decline	-40.08%	-69.57%	+29.49%
Max Drawdown (1Y) Largest decline over 1 year	-5.50%	-9.60%	+4.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.40%	-23.45%	+11.05%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-23.45%	+6.72%
Max Drawdown (10Y) Largest decline over 10 years	-30.80%	-36.69%	+5.89%
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-4.61%	-16.47%	+11.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	2.11%	-0.79%

Volatility

ACEIX vs. OARDX - Volatility Comparison

The current volatility for Invesco Equity and Income Fund (ACEIX) is 2.05%, while Invesco Rising Dividends Fund (OARDX) has a volatility of 2.81%. This indicates that ACEIX experiences smaller price fluctuations and is considered to be less risky than OARDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACEIX	OARDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	2.81%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	8.93%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	11.05%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.11%	16.80%	-5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.83%	18.21%	-5.38%

ACEIX vs. OARDX - Expense Ratio Comparison

ACEIX has a 0.78% expense ratio, which is lower than OARDX's 1.00% expense ratio.

Dividends

ACEIX vs. OARDX - Dividend Comparison

ACEIX's dividend yield for the trailing twelve months is around 6.51%, less than OARDX's 7.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEIX Invesco Equity and Income Fund	6.51%	6.87%	8.28%	6.91%	6.65%	13.74%	2.94%	5.53%	8.91%	6.73%	3.94%	5.17%
OARDX Invesco Rising Dividends Fund	7.56%	8.07%	12.72%	7.63%	6.04%	12.60%	2.49%	4.06%	9.13%	10.38%	6.04%	7.42%

Frequently Asked Questions

Can I hold both ACEIX and OARDX in my portfolio?

ACEIX and OARDX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACEIX or OARDX?

OARDX has higher volatility (2.81%) compared to ACEIX (2.05%). In terms of maximum drawdown, ACEIX dropped -40.08% vs OARDX's -69.57%.

Which has better risk-adjusted returns?

ACEIX currently has the higher Sharpe Ratio (2.34 vs 2.18), 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.