AEDAX vs. ACSTX

Last updated Jun 4, 2026

AEDAX (Invesco EQV European Equity Fund) and ACSTX (Invesco Comstock Fund) are both mutual funds - AEDAX is a Europe Equities fund managed by Invesco, while ACSTX is a Large Cap Value Equities fund managed by Invesco. Over the past 10 years, AEDAX returned 6.74%/yr vs 12.56%/yr for ACSTX. A 0.60 correlation means they provide meaningful diversification when combined. AEDAX charges 1.37%/yr vs 0.80%/yr for ACSTX.

Performance

AEDAX vs. ACSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco EQV European Equity Fund (AEDAX) and Invesco Comstock Fund (ACSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEDAX achieves a 18.02% return, which is significantly higher than ACSTX's 9.14% return. Over the past 10 years, AEDAX has underperformed ACSTX with an annualized return of 6.74%, while ACSTX has yielded a comparatively higher 12.56% annualized return.

AEDAX

• 1D: 1.27%
• 1M: 8.53%
• YTD: 18.02%
• 6M: 21.99%
• 1Y: 28.94%
• 3Y*: 16.44%
• 5Y*: 6.48%
• 10Y*: 6.74%

ACSTX

• 1D: 0.45%
• 1M: 3.08%
• YTD: 9.14%
• 6M: 10.66%
• 1Y: 23.62%
• 3Y*: 18.06%
• 5Y*: 11.69%
• 10Y*: 12.56%

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

AEDAX vs. ACSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AEDAX Invesco EQV European Equity Fund	18.02%	23.92%	-0.79%	19.64%	-21.77%	14.22%	-0.06%	24.54%	-18.86%	26.90%
ACSTX Invesco Comstock Fund	9.14%	17.22%	15.00%	12.37%	0.74%	33.33%	-0.78%	24.35%	-12.34%	17.75%

Correlation

The correlation between AEDAX and ACSTX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 3, 1997	0.60

The correlation between AEDAX and ACSTX has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.

Return for Risk

AEDAX vs. ACSTX — Risk / Return Rank

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

AEDAX

AEDAX Risk / Return Rank: 43
AEDAX Sharpe Ratio Rank: 42
AEDAX Sortino Ratio Rank: 40
AEDAX Omega Ratio Rank: 41
AEDAX Calmar Ratio Rank: 48
AEDAX Martin Ratio Rank: 44

ACSTX

ACSTX Risk / Return Rank: 59
ACSTX Sharpe Ratio Rank: 59
ACSTX Sortino Ratio Rank: 60
ACSTX Omega Ratio Rank: 54
ACSTX Calmar Ratio Rank: 64
ACSTX Martin Ratio Rank: 58

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.

AEDAX vs. ACSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQV European Equity Fund (AEDAX) and Invesco Comstock Fund (ACSTX). 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.

	AEDAX	ACSTX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.27	-0.37
Sortino ratio: Return per unit of downside risk	2.64	3.27	-0.63
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.65	3.06	-0.42
Martin ratio: Return relative to average drawdown	9.28	11.64	-2.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEDAX vs. ACSTX - Sharpe Ratio Comparison

The current AEDAX Sharpe Ratio is 1.89, which is comparable to the ACSTX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of AEDAX and ACSTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AEDAX	ACSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.27	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.76	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.65	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.51	-0.03

Drawdowns

AEDAX vs. ACSTX - Drawdown Comparison

The maximum AEDAX drawdown since its inception was -60.46%, roughly equal to the maximum ACSTX drawdown of -58.61%. Use the drawdown chart below to compare losses from any high point for AEDAX and ACSTX.

Drawdown Indicators

	AEDAX	ACSTX	Difference
Max Drawdown Largest peak-to-trough decline	-60.46%	-58.61%	-1.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-8.02%	-2.57%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-15.61%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-38.81%	-17.25%	-21.56%
Max Drawdown (10Y) Largest decline over 10 years	-40.03%	-44.80%	+4.77%
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-16.90%	-9.35%	-7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.10%	+0.91%

Volatility

AEDAX vs. ACSTX - Volatility Comparison

Invesco EQV European Equity Fund (AEDAX) has a higher volatility of 4.81% compared to Invesco Comstock Fund (ACSTX) at 2.48%. This indicates that AEDAX's price experiences larger fluctuations and is considered to be riskier than ACSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEDAX	ACSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	2.48%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	8.01%	+3.92%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	10.84%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	15.41%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	19.46%	-1.99%

AEDAX vs. ACSTX - Expense Ratio Comparison

AEDAX has a 1.37% expense ratio, which is higher than ACSTX's 0.80% expense ratio.

Dividends

AEDAX vs. ACSTX - Dividend Comparison

AEDAX's dividend yield for the trailing twelve months is around 14.33%, more than ACSTX's 8.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACSTX Invesco Comstock Fund	8.10%	8.79%	10.17%	8.44%	13.00%	8.66%	2.05%	6.66%	10.03%	3.60%	6.98%	1.10%
AEDAX Invesco EQV European Equity Fund	14.33%	16.92%	10.53%	2.58%	7.48%	9.40%	1.30%	2.53%	1.43%	1.86%	1.59%	4.78%

Frequently Asked Questions

Can I hold both AEDAX and ACSTX in my portfolio?

AEDAX and ACSTX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AEDAX or ACSTX?

AEDAX has higher volatility (4.81%) compared to ACSTX (2.48%). In terms of maximum drawdown, AEDAX dropped -60.46% vs ACSTX's -58.61%.

Which has better risk-adjusted returns?

ACSTX currently has the higher Sharpe Ratio (2.27 vs 1.89), 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.