CHTRX vs. AMFEX

Last updated Jun 25, 2026

CHTRX (Invesco Charter Fund) and AMFEX (AAMA Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, CHTRX returned 10.16%/yr vs 10.97%/yr for AMFEX. Their correlation of 0.95 suggests significant overlap in exposure. CHTRX charges 1.03%/yr vs 1.17%/yr for AMFEX.

Performance

CHTRX vs. AMFEX - Performance Comparison

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

Returns By Period

In the year-to-date period, CHTRX achieves a 3.70% return, which is significantly lower than AMFEX's 11.76% return.

CHTRX

• 1D: -1.34%
• 1M: -2.17%
• YTD: 3.70%
• 6M: 2.55%
• 1Y: 15.18%
• 3Y*: 17.53%
• 5Y*: 10.16%
• 10Y*: 11.55%

AMFEX

• 1D: -1.22%
• 1M: -0.76%
• YTD: 11.76%
• 6M: 10.68%
• 1Y: 24.86%
• 3Y*: 18.16%
• 5Y*: 10.97%
• 10Y*: —

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

CHTRX vs. AMFEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CHTRX Invesco Charter Fund	3.70%	16.02%	25.31%	23.03%	-20.75%	27.21%	13.53%	27.95%	-8.81%
AMFEX AAMA Equity Fund	11.76%	17.33%	16.28%	17.32%	-14.08%	22.58%	12.70%	24.62%	-9.60%

Correlation

The correlation between CHTRX and AMFEX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018	0.95

The correlation between CHTRX and AMFEX shifts across timeframes, from 0.84 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CHTRX vs. AMFEX — Risk / Return Rank

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

CHTRX

CHTRX Risk / Return Rank: 26
CHTRX Sharpe Ratio Rank: 26
CHTRX Sortino Ratio Rank: 25
CHTRX Omega Ratio Rank: 26
CHTRX Calmar Ratio Rank: 22
CHTRX Martin Ratio Rank: 31

AMFEX

AMFEX Risk / Return Rank: 86
AMFEX Sharpe Ratio Rank: 88
AMFEX Sortino Ratio Rank: 82
AMFEX Omega Ratio Rank: 80
AMFEX Calmar Ratio Rank: 90
AMFEX Martin Ratio Rank: 93

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. AMFEX - Risk-Adjusted Trends Comparison

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

	CHTRX	AMFEX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.60	-1.30
Sortino ratio: Return per unit of downside risk	1.86	3.51	-1.65
Omega ratio: Gain probability vs. loss probability	1.24	1.47	-0.23
Calmar ratio: Return relative to maximum drawdown	1.55	4.27	-2.72
Martin ratio: Return relative to average drawdown	6.49	17.99	-11.50

CHTRX vs. AMFEX - Sharpe Ratio Comparison

The current CHTRX Sharpe Ratio is 1.31, which is lower than the AMFEX Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of CHTRX and AMFEX, 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

CHTRX vs. AMFEX - Drawdown Comparison

The maximum CHTRX drawdown since its inception was -56.30%, which is greater than AMFEX's maximum drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for CHTRX and AMFEX.

Drawdown Indicators

	CHTRX	AMFEX	Difference
Max Drawdown Largest peak-to-trough decline	-56.30%	-30.41%	-25.89%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-6.07%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-15.23%	-3.27%
Max Drawdown (5Y) Largest decline over 5 years	-26.77%	-21.21%	-5.56%
Max Drawdown (10Y) Largest decline over 10 years	-41.18%	—	—
Current Drawdown Current decline from peak	-2.98%	-2.01%	-0.97%
Average Drawdown Average peak-to-trough decline	-13.27%	-4.28%	-8.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.44%	+1.12%

Volatility

CHTRX vs. AMFEX - Volatility Comparison

Invesco Charter Fund (CHTRX) has a higher volatility of 5.00% compared to AAMA Equity Fund (AMFEX) at 3.89%. This indicates that CHTRX's price experiences larger fluctuations and is considered to be riskier than AMFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHTRX	AMFEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	3.89%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	7.79%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	9.97%	+2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	14.24%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	16.93%	+2.25%

CHTRX vs. AMFEX - Expense Ratio Comparison

CHTRX has a 1.03% expense ratio, which is lower than AMFEX's 1.17% expense ratio.

Dividends

CHTRX vs. AMFEX - Dividend Comparison

CHTRX's dividend yield for the trailing twelve months is around 6.96%, less than AMFEX's 10.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMFEX AAMA Equity Fund	10.73%	11.99%	9.19%	0.92%	4.82%	0.22%	0.44%	0.78%	0.83%	0.00%	0.00%	0.00%
CHTRX Invesco Charter Fund	6.96%	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 AMFEX in my portfolio?

CHTRX and AMFEX have a correlation of 0.84, 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 AMFEX?

CHTRX has higher volatility (5.00%) compared to AMFEX (3.89%). In terms of maximum drawdown, CHTRX dropped -56.30% vs AMFEX's -30.41%.

Which has better risk-adjusted returns?

AMFEX currently has the higher Sharpe Ratio (2.60 vs 1.31), 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.