CNSDX vs. VAFAX
Compare and contrast key facts about Invesco Convertible Securities Fund (CNSDX) and Invesco American Franchise Fund Class A (VAFAX).
CNSDX is managed by Invesco. It was launched on Jul 27, 1997. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
CNSDX vs. VAFAX - Performance Comparison
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CNSDX vs. VAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 2.40% | 16.24% | 9.95% | 8.18% | -15.51% | 4.69% | 44.68% | 21.25% | -1.60% | 10.68% |
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, CNSDX achieves a 2.40% return, which is significantly higher than VAFAX's -9.70% return. Over the past 10 years, CNSDX has underperformed VAFAX with an annualized return of 9.97%, while VAFAX has yielded a comparatively higher 13.99% annualized return.
CNSDX
- 1D
- 2.89%
- 1M
- -3.94%
- YTD
- 2.40%
- 6M
- 1.85%
- 1Y
- 22.33%
- 3Y*
- 11.66%
- 5Y*
- 4.27%
- 10Y*
- 9.97%
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
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CNSDX vs. VAFAX - Expense Ratio Comparison
CNSDX has a 0.68% expense ratio, which is lower than VAFAX's 0.95% expense ratio.
Return for Risk
CNSDX vs. VAFAX — Risk / Return Rank
CNSDX
VAFAX
CNSDX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Convertible Securities Fund (CNSDX) and Invesco American Franchise Fund Class A (VAFAX). 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.
| CNSDX | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 0.63 | +0.79 |
Sortino ratioReturn per unit of downside risk | 1.96 | 1.06 | +0.91 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.65 | +1.94 |
Martin ratioReturn relative to average drawdown | 8.79 | 2.03 | +6.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNSDX | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.63 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.31 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.63 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.53 | +0.14 |
Correlation
The correlation between CNSDX and VAFAX is 0.85, 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
CNSDX vs. VAFAX - Dividend Comparison
CNSDX's dividend yield for the trailing twelve months is around 11.50%, less than VAFAX's 15.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSDX Invesco Convertible Securities Fund | 11.50% | 11.77% | 3.46% | 1.46% | 3.97% | 28.36% | 10.96% | 5.21% | 12.65% | 4.57% | 3.74% | 2.74% |
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
CNSDX vs. VAFAX - Drawdown Comparison
The maximum CNSDX drawdown since its inception was -39.33%, smaller than the maximum VAFAX drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for CNSDX and VAFAX.
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Drawdown Indicators
| CNSDX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -48.48% | +9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -19.27% | +11.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -38.86% | +16.13% |
Max Drawdown (10Y)Largest decline over 10 years | -24.19% | -38.86% | +14.67% |
Current DrawdownCurrent decline from peak | -5.44% | -15.69% | +10.25% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -8.16% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 6.14% | -3.76% |
Volatility
CNSDX vs. VAFAX - Volatility Comparison
The current volatility for Invesco Convertible Securities Fund (CNSDX) is 6.96%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 8.31%. This indicates that CNSDX experiences smaller price fluctuations and is considered to be less risky than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNSDX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 8.31% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 15.69% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 25.39% | -9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 23.03% | -11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 22.23% | -9.60% |