CVY vs. AMLP
Compare and contrast key facts about Invesco Zacks Multi-Asset Income ETF (CVY) and Alerian MLP ETF (AMLP).
CVY and AMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVY is a passively managed fund by Invesco that tracks the performance of the Zacks Multi-Asset Income Index. It was launched on Sep 21, 2006. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010. Both CVY and AMLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVY or AMLP.
Key characteristics
| CVY | AMLP | |
|---|---|---|
| YTD Return | 6.51% | 12.53% |
| 1Y Return | 26.40% | 34.19% |
| 3Y Return (Ann) | 5.46% | 21.84% |
| 5Y Return (Ann) | 6.58% | 8.16% |
| 10Y Return (Ann) | 4.31% | 1.61% |
| Sharpe Ratio | 1.86 | 2.32 |
| Daily Std Dev | 13.73% | 14.20% |
| Max Drawdown | -66.86% | -77.19% |
| Current Drawdown | -2.91% | -2.70% |
Correlation
The correlation between CVY and AMLP is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CVY vs. AMLP - Performance Comparison
In the year-to-date period, CVY achieves a 6.51% return, which is significantly lower than AMLP's 12.53% return. Over the past 10 years, CVY has outperformed AMLP with an annualized return of 4.31%, while AMLP has yielded a comparatively lower 1.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CVY vs. AMLP - Expense Ratio Comparison
CVY has a 1.00% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Risk-Adjusted Performance
CVY vs. AMLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Multi-Asset Income ETF (CVY) and Alerian MLP ETF (AMLP). 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.
Dividends
CVY vs. AMLP - Dividend Comparison
CVY's dividend yield for the trailing twelve months is around 4.00%, less than AMLP's 7.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 4.00% | 4.41% | 5.18% | 2.37% | 3.40% | 3.22% | 4.44% | 3.94% | 4.50% | 5.89% | 6.28% | 5.35% |
AMLP Alerian MLP ETF | 7.36% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
Drawdowns
CVY vs. AMLP - Drawdown Comparison
The maximum CVY drawdown since its inception was -66.86%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for CVY and AMLP. For additional features, visit the drawdowns tool.
Volatility
CVY vs. AMLP - Volatility Comparison
Invesco Zacks Multi-Asset Income ETF (CVY) and Alerian MLP ETF (AMLP) have volatilities of 3.86% and 3.69%, 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.