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ACEIX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ACEIXSPY
YTD Return11.72%21.01%
1Y Return20.36%32.86%
3Y Return (Ann)4.10%8.37%
5Y Return (Ann)8.74%14.97%
10Y Return (Ann)6.95%12.86%
Sharpe Ratio2.702.83
Sortino Ratio3.853.76
Omega Ratio1.511.53
Calmar Ratio2.404.05
Martin Ratio16.5618.38
Ulcer Index1.29%1.85%
Daily Std Dev7.89%12.02%
Max Drawdown-38.81%-55.19%
Current Drawdown-1.24%-2.53%

Correlation

-0.50.00.51.00.9

The correlation between ACEIX and SPY is 0.89, 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. SPY - Performance Comparison

In the year-to-date period, ACEIX achieves a 11.72% return, which is significantly lower than SPY's 21.01% return. Over the past 10 years, ACEIX has underperformed SPY with an annualized return of 6.95%, while SPY has yielded a comparatively higher 12.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.58%
11.00%
ACEIX
SPY

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ACEIX vs. SPY - Expense Ratio Comparison

ACEIX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.


ACEIX
Invesco Equity and Income Fund
Expense ratio chart for ACEIX: current value at 0.78% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.78%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

ACEIX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Equity and Income Fund (ACEIX) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for ACEIX, currently valued at 2.70, compared to the broader market0.002.004.002.70
Sortino ratio
The chart of Sortino ratio for ACEIX, currently valued at 3.85, compared to the broader market0.005.0010.003.85
Omega ratio
The chart of Omega ratio for ACEIX, currently valued at 1.51, compared to the broader market1.002.003.004.001.51
Calmar ratio
The chart of Calmar ratio for ACEIX, currently valued at 2.40, compared to the broader market0.005.0010.0015.0020.002.40
Martin ratio
The chart of Martin ratio for ACEIX, currently valued at 16.56, compared to the broader market0.0020.0040.0060.0080.00100.0016.56
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.83, compared to the broader market0.002.004.002.83
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.76, compared to the broader market0.005.0010.003.76
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.53, compared to the broader market1.002.003.004.001.53
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.05, compared to the broader market0.005.0010.0015.0020.004.05
Martin ratio
The chart of Martin ratio for SPY, currently valued at 18.38, compared to the broader market0.0020.0040.0060.0080.00100.0018.38

ACEIX vs. SPY - Sharpe Ratio Comparison

The current ACEIX Sharpe Ratio is 2.70, which is comparable to the SPY Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of ACEIX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.70
2.83
ACEIX
SPY

Dividends

ACEIX vs. SPY - Dividend Comparison

ACEIX's dividend yield for the trailing twelve months is around 6.30%, more than SPY's 1.23% yield.


TTM20232022202120202019201820172016201520142013
ACEIX
Invesco Equity and Income Fund
6.30%6.91%6.65%13.74%2.94%6.27%8.91%6.73%4.50%2.36%11.94%7.41%
SPY
SPDR S&P 500 ETF
1.23%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

ACEIX vs. SPY - Drawdown Comparison

The maximum ACEIX drawdown since its inception was -38.81%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ACEIX and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.24%
-2.53%
ACEIX
SPY

Volatility

ACEIX vs. SPY - Volatility Comparison

The current volatility for Invesco Equity and Income Fund (ACEIX) is 1.77%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that ACEIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.77%
3.15%
ACEIX
SPY