ACEIX vs. SPY
Compare and contrast key facts about Invesco Equity and Income Fund (ACEIX) and SPDR S&P 500 ETF (SPY).
ACEIX is managed by Invesco. It was launched on Aug 2, 1960. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACEIX or SPY.
Correlation
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
Key characteristics
ACEIX:
1.64
SPY:
2.21
ACEIX:
2.34
SPY:
2.93
ACEIX:
1.30
SPY:
1.41
ACEIX:
0.68
SPY:
3.26
ACEIX:
9.27
SPY:
14.43
ACEIX:
1.45%
SPY:
1.90%
ACEIX:
8.19%
SPY:
12.41%
ACEIX:
-38.81%
SPY:
-55.19%
ACEIX:
-8.79%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ACEIX achieves a 11.88% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, ACEIX has underperformed SPY with an annualized return of 2.51%, while SPY has yielded a comparatively higher 12.97% annualized return.
ACEIX
11.88%
-2.66%
6.22%
12.66%
3.33%
2.51%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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.
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.
Dividends
ACEIX vs. SPY - Dividend Comparison
ACEIX's dividend yield for the trailing twelve months is around 8.28%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 8.28% | 2.00% | 1.90% | 1.42% | 1.62% | 1.89% | 2.36% | 2.04% | 1.72% | 2.37% | 2.80% | 1.91% |
SPY SPDR S&P 500 ETF | 0.86% | 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.
Volatility
ACEIX vs. SPY - Volatility Comparison
The current volatility for Invesco Equity and Income Fund (ACEIX) is 2.82%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. 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.