ATACX vs. ABRZX

Last updated Jun 23, 2026

ATACX (ATAC Rotation Fund) and ABRZX (Invesco Balanced-Risk Allocation Fund Class A) are both Tactical Allocation funds. Over the past 10 years, ATACX returned 8.01%/yr vs 4.61%/yr for ABRZX. At a 0.33 correlation, their price movements are largely independent. ATACX charges 1.74%/yr vs 1.41%/yr for ABRZX.

Performance

ATACX vs. ABRZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ATAC Rotation Fund (ATACX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATACX achieves a 13.87% return, which is significantly lower than ABRZX's 18.14% return. Over the past 10 years, ATACX has outperformed ABRZX with an annualized return of 8.01%, while ABRZX has yielded a comparatively lower 4.61% annualized return.

ATACX

• 1D: 3.29%
• 1M: 2.02%
• YTD: 13.87%
• 6M: 9.70%
• 1Y: 22.98%
• 3Y*: 13.59%
• 5Y*: -0.40%
• 10Y*: 8.01%

ABRZX

• 1D: 0.00%
• 1M: -1.13%
• YTD: 18.14%
• 6M: 18.72%
• 1Y: 24.94%
• 3Y*: 10.68%
• 5Y*: 4.19%
• 10Y*: 4.61%

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

ATACX vs. ABRZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATACX ATAC Rotation Fund	13.87%	18.74%	5.05%	2.10%	-25.80%	-10.55%	72.81%	7.72%	-11.44%	27.03%
ABRZX Invesco Balanced-Risk Allocation Fund Class A	18.14%	8.20%	3.14%	5.97%	-14.96%	9.36%	9.20%	9.43%	-7.01%	9.80%

Correlation

The correlation between ATACX and ABRZX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.33

Return for Risk

ATACX vs. ABRZX — Risk / Return Rank

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

ATACX

ATACX Risk / Return Rank: 25
ATACX Sharpe Ratio Rank: 19
ATACX Sortino Ratio Rank: 18
ATACX Omega Ratio Rank: 23
ATACX Calmar Ratio Rank: 35
ATACX Martin Ratio Rank: 32

ABRZX

ABRZX Risk / Return Rank: 89
ABRZX Sharpe Ratio Rank: 89
ABRZX Sortino Ratio Rank: 82
ABRZX Omega Ratio Rank: 84
ABRZX Calmar Ratio Rank: 96
ABRZX Martin Ratio Rank: 94

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.

ATACX vs. ABRZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ATAC Rotation Fund (ATACX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). 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.

	ATACX	ABRZX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.71	-1.56
Sortino ratio: Return per unit of downside risk	1.66	3.58	-1.92
Omega ratio: Gain probability vs. loss probability	1.23	1.52	-0.29
Calmar ratio: Return relative to maximum drawdown	2.16	5.92	-3.76
Martin ratio: Return relative to average drawdown	6.84	19.45	-12.61

ATACX vs. ABRZX - Sharpe Ratio Comparison

The current ATACX Sharpe Ratio is 1.16, which is lower than the ABRZX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of ATACX and ABRZX, 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

ATACX vs. ABRZX - Drawdown Comparison

The maximum ATACX drawdown since its inception was -51.26%, which is greater than ABRZX's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for ATACX and ABRZX.

Drawdown Indicators

	ATACX	ABRZX	Difference
Max Drawdown Largest peak-to-trough decline	-51.26%	-26.62%	-24.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-4.25%	-6.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.94%	-18.28%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	-44.04%	-19.33%	-24.71%
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	-26.62%	-24.64%
Current Drawdown Current decline from peak	-13.57%	-2.53%	-11.04%
Average Drawdown Average peak-to-trough decline	-16.77%	-4.74%	-12.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	1.29%	+2.04%

Volatility

ATACX vs. ABRZX - Volatility Comparison

ATAC Rotation Fund (ATACX) has a higher volatility of 11.28% compared to Invesco Balanced-Risk Allocation Fund Class A (ABRZX) at 3.04%. This indicates that ATACX's price experiences larger fluctuations and is considered to be riskier than ABRZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATACX	ABRZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.28%	3.04%	+8.24%
Volatility (6M) Calculated over the trailing 6-month period	16.42%	8.18%	+8.24%
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	9.27%	+10.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	12.25%	+8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	10.92%	+9.76%

ATACX vs. ABRZX - Expense Ratio Comparison

ATACX has a 1.74% expense ratio, which is higher than ABRZX's 1.41% expense ratio.

Dividends

ATACX vs. ABRZX - Dividend Comparison

ATACX's dividend yield for the trailing twelve months is around 1.62%, less than ABRZX's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABRZX Invesco Balanced-Risk Allocation Fund Class A	2.86%	3.38%	13.28%	2.21%	0.00%	26.02%	1.18%	6.49%	0.00%	6.43%	4.41%	6.91%
ATACX ATAC Rotation Fund	1.62%	1.85%	0.92%	0.00%	0.00%	0.00%	13.13%	0.90%	1.10%	8.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ATACX and ABRZX in my portfolio?

ATACX and ABRZX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATACX or ABRZX?

ATACX has higher volatility (11.28%) compared to ABRZX (3.04%). In terms of maximum drawdown, ATACX dropped -51.26% vs ABRZX's -26.62%.

Which has better risk-adjusted returns?

ABRZX currently has the higher Sharpe Ratio (2.71 vs 1.16), 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.