ACGIX vs. ACEIX

Last updated Jun 23, 2026

ACGIX (Invesco Growth and Income Fund) and ACEIX (Invesco Equity and Income Fund) are both mutual funds - ACGIX is a Large Cap Value Equities fund managed by Invesco, while ACEIX is a Diversified Portfolio fund managed by Invesco. Over the past 10 years, ACGIX returned 11.37%/yr vs 9.00%/yr for ACEIX. With a 0.97 correlation, they move nearly in lockstep. ACGIX charges 0.80%/yr vs 0.78%/yr for ACEIX.

Performance

ACGIX vs. ACEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Growth and Income Fund (ACGIX) and Invesco Equity and Income Fund (ACEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACGIX achieves a 8.11% return, which is significantly higher than ACEIX's 6.48% return. Over the past 10 years, ACGIX has outperformed ACEIX with an annualized return of 11.37%, while ACEIX has yielded a comparatively lower 9.00% annualized return.

ACGIX

• 1D: 0.45%
• 1M: 0.20%
• YTD: 8.11%
• 6M: 7.50%
• 1Y: 21.22%
• 3Y*: 16.62%
• 5Y*: 11.33%
• 10Y*: 11.37%

ACEIX

• 1D: 0.34%
• 1M: 0.34%
• YTD: 6.48%
• 6M: 6.09%
• 1Y: 16.68%
• 3Y*: 12.93%
• 5Y*: 7.84%
• 10Y*: 9.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACGIX vs. ACEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACGIX Invesco Growth and Income Fund	8.11%	15.54%	16.16%	12.80%	-6.00%	28.66%	2.33%	24.49%	-13.67%	14.14%
ACEIX Invesco Equity and Income Fund	6.48%	12.85%	11.77%	10.08%	-7.75%	18.02%	9.96%	19.17%	-9.74%	10.86%

Correlation

The correlation between ACGIX and ACEIX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986	0.97

The correlation between ACGIX and ACEIX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

ACGIX vs. ACEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACGIX

ACGIX Risk / Return Rank: 52
ACGIX Sharpe Ratio Rank: 47
ACGIX Sortino Ratio Rank: 45
ACGIX Omega Ratio Rank: 43
ACGIX Calmar Ratio Rank: 61
ACGIX Martin Ratio Rank: 63

ACEIX

ACEIX Risk / Return Rank: 61
ACEIX Sharpe Ratio Rank: 56
ACEIX Sortino Ratio Rank: 58
ACEIX Omega Ratio Rank: 54
ACEIX Calmar Ratio Rank: 69
ACEIX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACGIX vs. ACEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Growth and Income Fund (ACGIX) and Invesco Equity and Income Fund (ACEIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACGIX	ACEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.04	-0.18
Sortino ratio: Return per unit of downside risk	2.62	2.91	-0.30
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	2.87	3.06	-0.19
Martin ratio: Return relative to average drawdown	11.64	12.59	-0.95

ACGIX vs. ACEIX - Sharpe Ratio Comparison

The current ACGIX Sharpe Ratio is 1.86, which is comparable to the ACEIX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of ACGIX and ACEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACGIX vs. ACEIX - Drawdown Comparison

The maximum ACGIX drawdown since its inception was -53.47%, which is greater than ACEIX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for ACGIX and ACEIX.

Drawdown Indicators

	ACGIX	ACEIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.47%	-40.08%	-13.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-5.50%	-1.99%
Max Drawdown (3Y) Largest decline over 3 years	-17.74%	-12.40%	-5.34%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	-16.73%	-2.57%
Max Drawdown (10Y) Largest decline over 10 years	-44.51%	-30.80%	-13.71%
Current Drawdown Current decline from peak	-1.37%	-0.94%	-0.43%
Average Drawdown Average peak-to-trough decline	-10.93%	-4.60%	-6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.33%	+0.51%

Volatility

ACGIX vs. ACEIX - Volatility Comparison

Invesco Growth and Income Fund (ACGIX) has a higher volatility of 3.83% compared to Invesco Equity and Income Fund (ACEIX) at 2.74%. This indicates that ACGIX's price experiences larger fluctuations and is considered to be riskier than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACGIX	ACEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	2.74%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	6.38%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	8.25%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	11.13%	+4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	12.85%	+6.39%

ACGIX vs. ACEIX - Expense Ratio Comparison

ACGIX has a 0.80% expense ratio, which is higher than ACEIX's 0.78% expense ratio.

Dividends

ACGIX vs. ACEIX - Dividend Comparison

ACGIX's dividend yield for the trailing twelve months is around 7.76%, more than ACEIX's 6.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEIX Invesco Equity and Income Fund	6.48%	6.87%	8.28%	6.91%	6.65%	13.74%	2.94%	5.53%	8.91%	6.73%	3.94%	5.17%
ACGIX Invesco Growth and Income Fund	7.76%	8.36%	10.68%	13.48%	12.10%	20.78%	3.92%	8.12%	14.70%	11.35%	6.47%	8.96%

Frequently Asked Questions

Can I hold both ACGIX and ACEIX in my portfolio?

With a correlation of 0.99, ACGIX and ACEIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ACGIX or ACEIX?

ACGIX has higher volatility (3.83%) compared to ACEIX (2.74%). In terms of maximum drawdown, ACGIX dropped -53.47% vs ACEIX's -40.08%.

Which has better risk-adjusted returns?

ACEIX currently has the higher Sharpe Ratio (2.04 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.