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AFRAX vs. IUSG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AFRAX vs. IUSG

Last updated Jun 23, 2026

AFRAX (Invesco Floating Rate ESG Fund) and IUSG (iShares Core S&P U.S. Growth ETF) are both funds - AFRAX is a Bank Loan fund managed by Invesco, while IUSG is a Large Cap Growth Equities fund tracking the S&P 900 Growth Index. Over the past 10 years, AFRAX returned 4.48%/yr vs 18.05%/yr for IUSG. At a 0.14 correlation, their price movements are largely independent. AFRAX charges 1.04%/yr vs 0.04%/yr for IUSG.

Performance

AFRAX vs. IUSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Floating Rate ESG Fund (AFRAX) and iShares Core S&P U.S. Growth ETF (IUSG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AFRAX achieves a 0.26% return, which is significantly lower than IUSG's 11.77% return. Over the past 10 years, AFRAX has underperformed IUSG with an annualized return of 4.48%, while IUSG has yielded a comparatively higher 18.05% annualized return.

AFRAX

1D
0.00%
1M
0.62%
YTD
0.26%
6M
0.75%
1Y
3.59%
3Y*
5.65%
5Y*
4.32%
10Y*
4.48%

IUSG

1D
-0.75%
1M
0.47%
YTD
11.77%
6M
11.28%
1Y
31.51%
3Y*
25.98%
5Y*
14.44%
10Y*
18.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AFRAX vs. IUSG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AFRAX
Invesco Floating Rate ESG Fund		0.26%4.57%6.80%10.86%-2.26%6.24%1.53%7.25%-0.19%3.99%
IUSG
iShares Core S&P U.S. Growth ETF		11.77%21.23%34.70%29.28%-28.81%31.26%32.65%30.62%-0.79%27.02%

Correlation

The correlation between AFRAX and IUSG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2000

0.14

Compare stocks, funds, or ETFs

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Invesco Floating Rate ESG Fund

iShares Core S&P U.S. Growth ETF

Often compared with AFRAX:
AFRAX vs. EIFAXAFRAX vs. FFRHXAFRAX vs. DFRTXAFRAX vs. SGYAXAFRAX vs. HFHIXAFRAX vs. FFRSXAFRAX vs. AGEPX
Often compared with IUSG:
IUSG vs. IUSVIUSG vs. SCHGIUSG vs. VUGIUSG vs. QQQIUSG vs. IVWIUSG vs. IVVIUSG vs. VOOG

Return for Risk

AFRAX vs. IUSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AFRAX
AFRAX Risk / Return Rank: 4949
Overall Rank
AFRAX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
AFRAX Sortino Ratio Rank: 6363
Sortino Ratio Rank
AFRAX Omega Ratio Rank: 7474
Omega Ratio Rank
AFRAX Calmar Ratio Rank: 4949
Calmar Ratio Rank
AFRAX Martin Ratio Rank: 3535
Martin Ratio Rank
IUSG
IUSG Risk / Return Rank: 5555
Overall Rank
IUSG Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
IUSG Sortino Ratio Rank: 5555
Sortino Ratio Rank
IUSG Omega Ratio Rank: 5454
Omega Ratio Rank
IUSG Calmar Ratio Rank: 5050
Calmar Ratio Rank
IUSG Martin Ratio Rank: 5858
Martin Ratio Rank
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.

AFRAX vs. IUSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Floating Rate ESG Fund (AFRAX) and iShares Core S&P U.S. Growth ETF (IUSG). 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.

AFRAXIUSGDifference
Sharpe ratioReturn per unit of total volatility
1.30
1.89

-0.59

Sortino ratioReturn per unit of downside risk
3.03
2.55

+0.47

Omega ratioGain probability vs. loss probability

1.44

1.33

+0.11

Calmar ratioReturn relative to maximum drawdown

2.57

2.42

+0.14

Martin ratioReturn relative to average drawdown

7.43

9.93

-2.50

AFRAX vs. IUSG - Sharpe Ratio Comparison

The current AFRAX Sharpe Ratio is 1.30, which is lower than the IUSG Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of AFRAX and IUSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AFRAX vs. IUSG - Drawdown Comparison

The maximum AFRAX drawdown since its inception was -37.60%, smaller than the maximum IUSG drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for AFRAX and IUSG.

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Drawdown Indicators

AFRAXIUSGDifference

Max Drawdown

Largest peak-to-trough decline

-37.60%

-63.41%

+25.81%

Max Drawdown (1Y)

Largest decline over 1 year

-1.41%

-13.07%

+11.66%

Max Drawdown (3Y)

Largest decline over 3 years

-2.62%

-22.28%

+19.66%

Max Drawdown (5Y)

Largest decline over 5 years

-6.29%

-32.21%

+25.92%

Max Drawdown (10Y)

Largest decline over 10 years

-18.91%

-32.35%

+13.44%

Current Drawdown

Current decline from peak

-0.17%

-2.99%

+2.82%

Average Drawdown

Average peak-to-trough decline

-4.38%

-21.40%

+17.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.49%

3.18%

-2.69%

Volatility

AFRAX vs. IUSG - Volatility Comparison

The current volatility for Invesco Floating Rate ESG Fund (AFRAX) is 1.00%, while iShares Core S&P U.S. Growth ETF (IUSG) has a volatility of 6.76%. This indicates that AFRAX experiences smaller price fluctuations and is considered to be less risky than IUSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AFRAXIUSGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.00%

6.76%

-5.76%

Volatility (6M)

Calculated over the trailing 6-month period

2.00%

13.49%

-11.49%

Volatility (1Y)

Calculated over the trailing 1-year period

2.78%

16.78%

-14.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.22%

21.03%

-17.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.74%

20.50%

-16.76%

AFRAX vs. IUSG - Expense Ratio Comparison

AFRAX has a 1.04% expense ratio, which is higher than IUSG's 0.04% expense ratio.

Dividends

AFRAX vs. IUSG - Dividend Comparison

AFRAX's dividend yield for the trailing twelve months is around 7.76%, more than IUSG's 0.49% yield.

PositionTTM20252024202320222021202020192018201720162015
AFRAX
Invesco Floating Rate ESG Fund		7.76%8.06%8.39%7.85%7.03%3.84%4.13%5.52%4.59%4.04%4.01%5.23%
IUSG
iShares Core S&P U.S. Growth ETF		0.49%0.53%0.59%1.12%1.07%0.59%0.93%1.64%1.32%1.28%1.48%1.29%

Frequently Asked Questions

AFRAX and IUSG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IUSG has higher volatility (6.76%) compared to AFRAX (1.00%). In terms of maximum drawdown, AFRAX dropped -37.60% vs IUSG's -63.41%.

IUSG currently has the higher Sharpe Ratio (1.89 vs 1.30), 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.

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