CHTRX vs. SSEYX

Last updated Jun 26, 2026

CHTRX (Invesco Charter Fund) and SSEYX (State Street Equity 500 Index II Portfolio) are both Large Cap Blend Equities funds. Over the past 10 years, CHTRX returned 11.52%/yr vs 15.52%/yr for SSEYX. With a 0.97 correlation, they move nearly in lockstep. CHTRX charges 1.03%/yr vs 0.02%/yr for SSEYX.

Performance

CHTRX vs. SSEYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Charter Fund (CHTRX) and State Street Equity 500 Index II Portfolio (SSEYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHTRX achieves a 3.42% return, which is significantly lower than SSEYX's 8.10% return. Over the past 10 years, CHTRX has underperformed SSEYX with an annualized return of 11.52%, while SSEYX has yielded a comparatively higher 15.52% annualized return.

CHTRX

• 1D: -0.27%
• 1M: -2.82%
• YTD: 3.42%
• 6M: 2.27%
• 1Y: 14.87%
• 3Y*: 17.43%
• 5Y*: 10.01%
• 10Y*: 11.52%

SSEYX

• 1D: -0.10%
• 1M: -2.03%
• YTD: 8.10%
• 6M: 6.78%
• 1Y: 21.90%
• 3Y*: 20.66%
• 5Y*: 12.97%
• 10Y*: 15.52%

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

CHTRX vs. SSEYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHTRX Invesco Charter Fund	3.42%	16.02%	25.31%	23.03%	-20.75%	27.21%	13.53%	27.95%	-9.82%	13.24%
SSEYX State Street Equity 500 Index II Portfolio	8.10%	17.52%	25.01%	26.29%	-18.18%	28.58%	18.28%	31.42%	-4.54%	21.72%

Correlation

The correlation between CHTRX and SSEYX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 14, 2014	0.97

The correlation between CHTRX and SSEYX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

CHTRX vs. SSEYX — Risk / Return Rank

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

CHTRX

CHTRX Risk / Return Rank: 25
CHTRX Sharpe Ratio Rank: 25
CHTRX Sortino Ratio Rank: 24
CHTRX Omega Ratio Rank: 24
CHTRX Calmar Ratio Rank: 21
CHTRX Martin Ratio Rank: 30

SSEYX

SSEYX Risk / Return Rank: 54
SSEYX Sharpe Ratio Rank: 52
SSEYX Sortino Ratio Rank: 48
SSEYX Omega Ratio Rank: 49
SSEYX Calmar Ratio Rank: 54
SSEYX Martin Ratio Rank: 67

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. SSEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Charter Fund (CHTRX) and State Street Equity 500 Index II Portfolio (SSEYX). 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	SSEYX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.76	-0.58
Sortino ratio: Return per unit of downside risk	1.69	2.41	-0.72
Omega ratio: Gain probability vs. loss probability	1.22	1.32	-0.10
Calmar ratio: Return relative to maximum drawdown	1.39	2.48	-1.08
Martin ratio: Return relative to average drawdown	5.82	11.06	-5.24

CHTRX vs. SSEYX - Sharpe Ratio Comparison

The current CHTRX Sharpe Ratio is 1.18, which is lower than the SSEYX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of CHTRX and SSEYX, 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. SSEYX - Drawdown Comparison

The maximum CHTRX drawdown since its inception was -56.30%, which is greater than SSEYX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for CHTRX and SSEYX.

Drawdown Indicators

	CHTRX	SSEYX	Difference
Max Drawdown Largest peak-to-trough decline	-56.30%	-33.75%	-22.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-8.88%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-18.74%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-26.77%	-24.52%	-2.25%
Max Drawdown (10Y) Largest decline over 10 years	-41.18%	-33.75%	-7.43%
Current Drawdown Current decline from peak	-3.24%	-3.22%	-0.02%
Average Drawdown Average peak-to-trough decline	-13.27%	-4.08%	-9.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.98%	+0.59%

Volatility

CHTRX vs. SSEYX - Volatility Comparison

Invesco Charter Fund (CHTRX) and State Street Equity 500 Index II Portfolio (SSEYX) have volatilities of 4.99% and 4.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHTRX	SSEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	4.87%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.18%	9.88%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	12.52%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	17.01%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	18.08%	+1.10%

CHTRX vs. SSEYX - Expense Ratio Comparison

CHTRX has a 1.03% expense ratio, which is higher than SSEYX's 0.02% expense ratio.

Dividends

CHTRX vs. SSEYX - Dividend Comparison

CHTRX's dividend yield for the trailing twelve months is around 6.98%, more than SSEYX's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHTRX Invesco Charter Fund	6.98%	7.22%	7.91%	6.24%	4.25%	16.30%	2.35%	17.60%	11.71%	6.92%	10.39%	14.54%
SSEYX State Street Equity 500 Index II Portfolio	1.28%	1.38%	1.93%	1.46%	1.57%	2.48%	3.63%	2.36%	5.91%	5.37%	2.29%	3.47%

Frequently Asked Questions

Can I hold both CHTRX and SSEYX in my portfolio?

With a correlation of 0.98, CHTRX and SSEYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CHTRX or SSEYX?

CHTRX has higher volatility (4.99%) compared to SSEYX (4.87%). In terms of maximum drawdown, CHTRX dropped -56.30% vs SSEYX's -33.75%.

Which has better risk-adjusted returns?

SSEYX currently has the higher Sharpe Ratio (1.76 vs 1.18), 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.