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.
Key characteristics
ACEIX | SPY | |
---|---|---|
YTD Return | 11.72% | 21.01% |
1Y Return | 20.36% | 32.86% |
3Y Return (Ann) | 4.10% | 8.37% |
5Y Return (Ann) | 8.74% | 14.97% |
10Y Return (Ann) | 6.95% | 12.86% |
Sharpe Ratio | 2.70 | 2.83 |
Sortino Ratio | 3.85 | 3.76 |
Omega Ratio | 1.51 | 1.53 |
Calmar Ratio | 2.40 | 4.05 |
Martin Ratio | 16.56 | 18.38 |
Ulcer Index | 1.29% | 1.85% |
Daily Std Dev | 7.89% | 12.02% |
Max Drawdown | -38.81% | -55.19% |
Current Drawdown | -1.24% | -2.53% |
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
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.
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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 6.30%, more than SPY's 1.23% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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.
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.