CHTRX vs. SMEAX

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Charter Fund (CHTRX) and Invesco Small Cap Equity Fund Class A (SMEAX).

CHTRX is managed by Invesco. It was launched on Nov 26, 1968. SMEAX is managed by Invesco. It was launched on Aug 31, 2000.

Performance

CHTRX vs. SMEAX - Performance Comparison

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

CHTRX vs. SMEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHTRX Invesco Charter Fund	-6.60%	16.02%	25.31%	23.03%	-20.75%	27.21%	13.53%	27.95%	-9.82%	13.24%
SMEAX Invesco Small Cap Equity Fund Class A	-1.11%	7.84%	17.80%	15.95%	-20.62%	19.62%	27.25%	26.05%	-15.42%	13.59%

Returns By Period

In the year-to-date period, CHTRX achieves a -6.60% return, which is significantly lower than SMEAX's -1.11% return. Over the past 10 years, CHTRX has outperformed SMEAX with an annualized return of 10.24%, while SMEAX has yielded a comparatively lower 8.93% annualized return.

CHTRX

• 1D: 2.84%
• 1M: -5.77%
• YTD: -6.60%
• 6M: -4.80%
• 1Y: 12.93%
• 3Y*: 15.88%
• 5Y*: 9.07%
• 10Y*: 10.24%

SMEAX

• 1D: 4.25%
• 1M: -7.95%
• YTD: -1.11%
• 6M: -1.64%
• 1Y: 13.72%
• 3Y*: 11.25%
• 5Y*: 3.74%
• 10Y*: 8.93%

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

CHTRX vs. SMEAX - Expense Ratio Comparison

CHTRX has a 1.03% expense ratio, which is lower than SMEAX's 1.22% expense ratio.

SMEAX

Invesco Small Cap Equity Fund Class A

CHTRX

Invesco Charter Fund

Return for Risk

CHTRX vs. SMEAX — Risk / Return Rank

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

CHTRX

CHTRX Risk / Return Rank: 34
CHTRX Sharpe Ratio Rank: 30
CHTRX Sortino Ratio Rank: 32
CHTRX Omega Ratio Rank: 34
CHTRX Calmar Ratio Rank: 37
CHTRX Martin Ratio Rank: 37

SMEAX

SMEAX Risk / Return Rank: 24
SMEAX Sharpe Ratio Rank: 21
SMEAX Sortino Ratio Rank: 23
SMEAX Omega Ratio Rank: 21
SMEAX Calmar Ratio Rank: 29
SMEAX Martin Ratio Rank: 26

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. SMEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Charter Fund (CHTRX) and Invesco Small Cap Equity Fund Class A (SMEAX). 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	SMEAX	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.61	+0.14
Sortino ratio Return per unit of downside risk	1.20	1.00	+0.19
Omega ratio Gain probability vs. loss probability	1.18	1.13	+0.04
Calmar ratio Return relative to maximum drawdown	1.07	0.91	+0.15
Martin ratio Return relative to average drawdown	4.24	3.10	+1.15
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. SMEAX - Sharpe Ratio Comparison

The current CHTRX Sharpe Ratio is 0.76, which is comparable to the SMEAX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of CHTRX and SMEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CHTRX	SMEAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.61	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.18	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.39	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.33	+0.07

Correlation

The correlation between CHTRX and SMEAX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CHTRX vs. SMEAX - Dividend Comparison

CHTRX's dividend yield for the trailing twelve months is around 7.73%, less than SMEAX's 9.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHTRX Invesco Charter Fund	7.73%	7.22%	7.91%	6.24%	4.25%	16.30%	2.35%	17.60%	11.71%	6.92%	10.39%	14.54%
SMEAX Invesco Small Cap Equity Fund Class A	9.45%	9.34%	8.09%	0.40%	2.95%	19.02%	6.03%	11.18%	18.53%	5.38%	5.38%	6.51%

Drawdowns

CHTRX vs. SMEAX - Drawdown Comparison

The maximum CHTRX drawdown since its inception was -56.30%, roughly equal to the maximum SMEAX drawdown of -56.69%. Use the drawdown chart below to compare losses from any high point for CHTRX and SMEAX.

Drawdown Indicators

	CHTRX	SMEAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.30%	-56.69%	+0.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-13.75%	+2.43%
Max Drawdown (5Y) Largest decline over 5 years	-26.77%	-31.42%	+4.65%
Max Drawdown (10Y) Largest decline over 10 years	-41.18%	-45.01%	+3.83%
Current Drawdown Current decline from peak	-8.24%	-9.76%	+1.52%
Average Drawdown Average peak-to-trough decline	-13.33%	-10.47%	-2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	4.06%	-1.21%

Volatility

CHTRX vs. SMEAX - Volatility Comparison

The current volatility for Invesco Charter Fund (CHTRX) is 5.46%, while Invesco Small Cap Equity Fund Class A (SMEAX) has a volatility of 9.81%. This indicates that CHTRX experiences smaller price fluctuations and is considered to be less risky than SMEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHTRX	SMEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	9.81%	-4.35%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	16.28%	-6.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.85%	23.80%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	21.53%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	23.05%	-3.89%