ACSTX vs. SPY
Compare and contrast key facts about Invesco Comstock Fund (ACSTX) and SPDR S&P 500 ETF (SPY).
ACSTX is managed by Invesco. It was launched on Oct 7, 1968. 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: ACSTX or SPY.
Key characteristics
| ACSTX | SPY | |
|---|---|---|
| YTD Return | 16.25% | 23.13% |
| 1Y Return | 25.65% | 34.76% |
| 3Y Return (Ann) | 10.64% | 10.81% |
| 5Y Return (Ann) | 13.80% | 15.97% |
| 10Y Return (Ann) | 9.55% | 13.92% |
| Sharpe Ratio | 2.44 | 2.91 |
| Sortino Ratio | 3.38 | 3.87 |
| Omega Ratio | 1.44 | 1.53 |
| Calmar Ratio | 2.59 | 3.10 |
| Martin Ratio | 15.66 | 18.06 |
| Ulcer Index | 1.73% | 2.00% |
| Daily Std Dev | 11.10% | 12.44% |
| Max Drawdown | -61.03% | -55.19% |
| Current Drawdown | -0.66% | -0.78% |
Correlation
The correlation between ACSTX and SPY is 0.85, 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
ACSTX vs. SPY - Performance Comparison
In the year-to-date period, ACSTX achieves a 16.25% return, which is significantly lower than SPY's 23.13% return. Over the past 10 years, ACSTX has underperformed SPY with an annualized return of 9.55%, while SPY has yielded a comparatively higher 13.92% 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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ACSTX vs. SPY - Expense Ratio Comparison
ACSTX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ACSTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Comstock Fund (ACSTX) 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
ACSTX vs. SPY - Dividend Comparison
ACSTX's dividend yield for the trailing twelve months is around 7.32%, more than SPY's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACSTX Invesco Comstock Fund | 7.32% | 8.44% | 13.00% | 8.66% | 2.05% | 7.42% | 10.03% | 3.60% | 7.81% | 1.56% | 1.59% | 1.18% |
SPY SPDR S&P 500 ETF | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ACSTX vs. SPY - Drawdown Comparison
The maximum ACSTX drawdown since its inception was -61.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ACSTX and SPY. For additional features, visit the drawdowns tool.
Volatility
ACSTX vs. SPY - Volatility Comparison
The current volatility for Invesco Comstock Fund (ACSTX) is 2.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.99%. This indicates that ACSTX 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.