CHTRX vs. ACEIX

Last updated Jun 4, 2026

CHTRX (Invesco Charter Fund) and ACEIX (Invesco Equity and Income Fund) are both mutual funds - CHTRX is a Large Cap Blend Equities fund managed by Invesco, while ACEIX is a Diversified Portfolio fund managed by Invesco. Over the past 10 years, CHTRX returned 11.41%/yr vs 8.87%/yr for ACEIX. Their correlation of 0.88 suggests significant overlap in exposure. CHTRX charges 1.03%/yr vs 0.78%/yr for ACEIX.

Performance

CHTRX vs. ACEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Charter Fund (CHTRX) and Invesco Equity and Income Fund (ACEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHTRX achieves a 6.42% return, which is significantly higher than ACEIX's 6.02% return. Over the past 10 years, CHTRX has outperformed ACEIX with an annualized return of 11.41%, while ACEIX has yielded a comparatively lower 8.87% annualized return.

CHTRX

• 1D: 0.04%
• 1M: 3.70%
• YTD: 6.42%
• 6M: 6.26%
• 1Y: 20.89%
• 3Y*: 19.00%
• 5Y*: 10.96%
• 10Y*: 11.41%

ACEIX

• 1D: 0.61%
• 1M: 1.13%
• YTD: 6.02%
• 6M: 7.12%
• 1Y: 17.83%
• 3Y*: 13.49%
• 5Y*: 7.05%
• 10Y*: 8.87%

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

CHTRX vs. ACEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHTRX Invesco Charter Fund	6.42%	16.02%	25.31%	23.03%	-20.75%	27.21%	13.53%	27.95%	-9.82%	13.24%
ACEIX Invesco Equity and Income Fund	6.02%	12.85%	11.77%	10.08%	-7.75%	18.02%	9.96%	19.17%	-9.74%	10.86%

Correlation

The correlation between CHTRX and ACEIX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 3, 1986	0.88

The correlation between CHTRX and ACEIX shifts across timeframes, from 0.76 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CHTRX vs. ACEIX — Risk / Return Rank

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

CHTRX

CHTRX Risk / Return Rank: 36
CHTRX Sharpe Ratio Rank: 39
CHTRX Sortino Ratio Rank: 37
CHTRX Omega Ratio Rank: 38
CHTRX Calmar Ratio Rank: 29
CHTRX Martin Ratio Rank: 40

ACEIX

ACEIX Risk / Return Rank: 67
ACEIX Sharpe Ratio Rank: 64
ACEIX Sortino Ratio Rank: 64
ACEIX Omega Ratio Rank: 59
ACEIX Calmar Ratio Rank: 75
ACEIX Martin Ratio Rank: 75

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.

CHTRX vs. ACEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Charter Fund (CHTRX) and Invesco Equity and Income Fund (ACEIX). 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.

	CHTRX	ACEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.34	-0.54
Sortino ratio: Return per unit of downside risk	2.55	3.35	-0.80
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	2.01	3.42	-1.40
Martin ratio: Return relative to average drawdown	8.60	14.15	-5.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHTRX vs. ACEIX - Sharpe Ratio Comparison

The current CHTRX Sharpe Ratio is 1.80, which is comparable to the ACEIX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of CHTRX and ACEIX, 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

	CHTRX	ACEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	2.34	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.64	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.69	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.72	-0.30

Drawdowns

CHTRX vs. ACEIX - Drawdown Comparison

The maximum CHTRX drawdown since its inception was -56.30%, which is greater than ACEIX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for CHTRX and ACEIX.

Drawdown Indicators

	CHTRX	ACEIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.30%	-40.08%	-16.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-5.50%	-5.27%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-12.40%	-6.10%
Max Drawdown (5Y) Largest decline over 5 years	-26.77%	-16.73%	-10.04%
Max Drawdown (10Y) Largest decline over 10 years	-41.18%	-30.80%	-10.38%
Current Drawdown Current decline from peak	-0.44%	-0.17%	-0.27%
Average Drawdown Average peak-to-trough decline	-13.28%	-4.61%	-8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.32%	+1.19%

Volatility

CHTRX vs. ACEIX - Volatility Comparison

Invesco Charter Fund (CHTRX) has a higher volatility of 3.14% compared to Invesco Equity and Income Fund (ACEIX) at 2.05%. This indicates that CHTRX's price experiences larger fluctuations and is considered to be riskier than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHTRX	ACEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	2.05%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	6.13%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	8.03%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	11.11%	+5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	12.83%	+6.35%

CHTRX vs. ACEIX - Expense Ratio Comparison

CHTRX has a 1.03% expense ratio, which is higher than ACEIX's 0.78% expense ratio.

Dividends

CHTRX vs. ACEIX - Dividend Comparison

CHTRX's dividend yield for the trailing twelve months is around 6.79%, more than ACEIX's 6.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEIX Invesco Equity and Income Fund	6.51%	6.87%	8.28%	6.91%	6.65%	13.74%	2.94%	5.53%	8.91%	6.73%	3.94%	5.17%
CHTRX Invesco Charter Fund	6.79%	7.22%	7.91%	6.24%	4.25%	16.30%	2.35%	17.60%	11.71%	6.92%	10.39%	14.54%

Frequently Asked Questions

Can I hold both CHTRX and ACEIX in my portfolio?

CHTRX and ACEIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHTRX or ACEIX?

CHTRX has higher volatility (3.14%) compared to ACEIX (2.05%). In terms of maximum drawdown, CHTRX dropped -56.30% vs ACEIX's -40.08%.

Which has better risk-adjusted returns?

ACEIX currently has the higher Sharpe Ratio (2.34 vs 1.80), 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.