ACEIX vs. OPPAX
Compare and contrast key facts about Invesco Equity and Income Fund (ACEIX) and Invesco Global Fund (OPPAX).
ACEIX is managed by Invesco. It was launched on Aug 2, 1960. OPPAX is managed by Invesco. It was launched on Dec 21, 1969.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACEIX or OPPAX.
Key characteristics
| ACEIX | OPPAX | |
|---|---|---|
| YTD Return | 5.12% | 10.38% |
| 1Y Return | 15.74% | 29.83% |
| 3Y Return (Ann) | 3.37% | 2.65% |
| 5Y Return (Ann) | 8.26% | 10.56% |
| 10Y Return (Ann) | 6.84% | 9.92% |
| Sharpe Ratio | 1.90 | 1.86 |
| Daily Std Dev | 8.10% | 15.51% |
| Max Drawdown | -40.32% | -57.49% |
| Current Drawdown | -1.86% | -3.92% |
Correlation
The correlation between ACEIX and OPPAX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ACEIX vs. OPPAX - Performance Comparison
In the year-to-date period, ACEIX achieves a 5.12% return, which is significantly lower than OPPAX's 10.38% return. Over the past 10 years, ACEIX has underperformed OPPAX with an annualized return of 6.84%, while OPPAX has yielded a comparatively higher 9.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ACEIX vs. OPPAX - Expense Ratio Comparison
ACEIX has a 0.78% expense ratio, which is lower than OPPAX's 1.04% expense ratio.
Risk-Adjusted Performance
ACEIX vs. OPPAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equity and Income Fund (ACEIX) and Invesco Global Fund (OPPAX). 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.
Dividends
ACEIX vs. OPPAX - Dividend Comparison
ACEIX's dividend yield for the trailing twelve months is around 6.60%, less than OPPAX's 9.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 6.60% | 6.91% | 6.65% | 13.74% | 2.94% | 6.27% | 8.91% | 6.73% | 4.50% | 2.36% | 11.94% | 7.41% |
OPPAX Invesco Global Fund | 9.71% | 10.72% | 14.18% | 7.18% | 5.72% | 1.35% | 12.92% | 11.28% | 0.69% | 5.17% | 5.90% | 3.68% |
Drawdowns
ACEIX vs. OPPAX - Drawdown Comparison
The maximum ACEIX drawdown since its inception was -40.32%, smaller than the maximum OPPAX drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for ACEIX and OPPAX. For additional features, visit the drawdowns tool.
Volatility
ACEIX vs. OPPAX - Volatility Comparison
The current volatility for Invesco Equity and Income Fund (ACEIX) is 2.35%, while Invesco Global Fund (OPPAX) has a volatility of 5.42%. This indicates that ACEIX experiences smaller price fluctuations and is considered to be less risky than OPPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.