ACEIX vs. SPY
Compare and contrast key facts about Invesco Equity and Income Fund (ACEIX) and State Street 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.
Performance
ACEIX vs. SPY - Performance Comparison
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ACEIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | -1.20% | 12.85% | 11.77% | 10.08% | -7.75% | 18.02% | 9.96% | 19.17% | -9.74% | 10.86% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ACEIX achieves a -1.20% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, ACEIX has underperformed SPY with an annualized return of 8.47%, while SPY has yielded a comparatively higher 13.98% annualized return.
ACEIX
- 1D
- -0.37%
- 1M
- -5.34%
- YTD
- -1.20%
- 6M
- 2.41%
- 1Y
- 11.40%
- 3Y*
- 11.00%
- 5Y*
- 6.63%
- 10Y*
- 8.47%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
ACEIX vs. SPY — Risk / Return Rank
ACEIX
SPY
ACEIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equity and Income Fund (ACEIX) and State Street 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.93 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.45 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.53 | -0.32 |
Martin ratioReturn relative to average drawdown | 5.18 | 7.30 | -2.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACEIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.93 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.69 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.78 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.56 | +0.15 |
Correlation
The correlation between ACEIX and SPY is 0.90, 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.
Dividends
ACEIX vs. SPY - Dividend Comparison
ACEIX's dividend yield for the trailing twelve months is around 6.98%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 6.98% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ACEIX vs. SPY - Drawdown Comparison
The maximum ACEIX drawdown since its inception was -40.08%, 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.
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Drawdown Indicators
| ACEIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -55.19% | +15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -12.05% | +3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -24.50% | +7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -30.80% | -33.72% | +2.92% |
Current DrawdownCurrent decline from peak | -5.50% | -6.24% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -9.09% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.52% | -0.51% |
Volatility
ACEIX vs. SPY - Volatility Comparison
The current volatility for Invesco Equity and Income Fund (ACEIX) is 2.88%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| ACEIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 5.31% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 9.47% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 19.05% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.13% | 17.06% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.84% | 17.92% | -5.08% |