ASIAX vs. IVV
ASIAX (Invesco EQV Asia Pacific Equity Fund) and IVV (iShares Core S&P 500 ETF) are both funds - ASIAX is a Asia Pacific Equities fund managed by Invesco, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ASIAX returned 7.63%/yr vs 15.11%/yr for IVV. Their 0.58 correlation means they have sometimes moved together and sometimes differently. ASIAX charges 1.45%/yr vs 0.03%/yr for IVV.
Performance
ASIAX vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, ASIAX achieves a 12.98% return, which is significantly higher than IVV's 10.13% return. Over the past 10 years, ASIAX has underperformed IVV with an annualized return of 7.63%, while IVV has yielded a comparatively higher 15.11% annualized return.
ASIAX
- 1D
- 3.01%
- 1M
- 2.27%
- 6M
- 6.06%
- YTD
- 12.98%
- 1Y
- 32.63%
- 3Y*
- 13.64%
- 5Y*
- 6.71%
- 10Y*
- 7.63%
- ALL TIME*
- 8.58%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.36B | $3.31B | $5.91B |
ASIAX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 12.98% | 24.56% | 9.59% | 0.87% | -10.82% | -6.10% | 25.76% | 17.78% | -11.50% | 29.13% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between ASIAX and IVV is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.58 |
The correlation between ASIAX and IVV shifts across timeframes, from 0.58 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASIAX vs. IVV — Risk / Return Rank
ASIAX
IVV
ASIAX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Asia Pacific Equity Fund (ASIAX) and iShares Core S&P 500 ETF (IVV). 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.
| ASIAX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.21 | +0.29 |
| Martin ratioReturn relative to average drawdown | 7.48 | 9.43 | -1.94 |
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Drawdowns
ASIAX vs. IVV - Drawdown Comparison
The maximum ASIAX drawdown since its inception was -63.78%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ASIAX and IVV.
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Drawdown Indicators
| ASIAX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.78% | -55.25% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -8.89% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -20.36% | -18.75% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -24.53% | -3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.32% | -33.90% | -2.42% |
Current DrawdownCurrent decline from peak | -6.02% | -1.41% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -10.72% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.09% | +1.82% |
Volatility
ASIAX vs. IVV - Volatility Comparison
Invesco EQV Asia Pacific Equity Fund (ASIAX) has a higher volatility of 6.32% compared to iShares Core S&P 500 ETF (IVV) at 3.52%. This indicates that ASIAX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIAX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 3.52% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 10.18% | +5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 12.89% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 17.01% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 18.06% | -2.54% |
ASIAX vs. IVV - Expense Ratio Comparison
ASIAX has a 1.45% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
ASIAX vs. IVV - Dividend Comparison
ASIAX's dividend yield for the trailing twelve months is around 18.95%, more than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 18.95% | 21.41% | 8.68% | 2.84% | 7.25% | 7.71% | 7.37% | 5.67% | 7.17% | 7.91% | 1.09% | 3.15% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
ASIAX and IVV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASIAX has higher volatility (6.32%) compared to IVV (3.52%). In terms of maximum drawdown, ASIAX dropped -63.78% vs IVV's -55.25%.
ASIAX currently has the higher Sharpe Ratio (1.58 vs 1.53), 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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