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.
Performance
CVY vs. AMLP - Performance Comparison
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CVY vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 1.81% | 11.00% | 10.28% | 17.87% | -9.27% | 25.31% | -10.56% | 25.97% | -10.77% | 15.91% |
AMLP Alerian MLP ETF | 14.20% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Returns By Period
In the year-to-date period, CVY achieves a 1.81% return, which is significantly lower than AMLP's 14.20% return. Both investments have delivered pretty close results over the past 10 years, with CVY having a 8.27% annualized return and AMLP not far ahead at 8.63%.
CVY
- 1D
- 1.48%
- 1M
- -3.50%
- YTD
- 1.81%
- 6M
- 2.95%
- 1Y
- 11.01%
- 3Y*
- 13.29%
- 5Y*
- 7.36%
- 10Y*
- 8.27%
AMLP
- 1D
- -1.16%
- 1M
- 1.15%
- YTD
- 14.20%
- 6M
- 16.89%
- 1Y
- 9.93%
- 3Y*
- 20.27%
- 5Y*
- 20.38%
- 10Y*
- 8.63%
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CVY vs. AMLP - Expense Ratio Comparison
CVY has a 1.21% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Return for Risk
CVY vs. AMLP — Risk / Return Rank
CVY
AMLP
CVY vs. AMLP - Risk-Adjusted Trends 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.
| CVY | AMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.62 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.89 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.68 | +0.13 |
Martin ratioReturn relative to average drawdown | 3.39 | 1.72 | +1.66 |
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
| CVY | AMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.62 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.02 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.31 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.22 | +0.04 |
Correlation
The correlation between CVY and AMLP is 0.65, 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.
Dividends
CVY vs. AMLP - Dividend Comparison
CVY's dividend yield for the trailing twelve months is around 3.96%, less than AMLP's 7.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 3.96% | 3.99% | 4.07% | 4.41% | 5.18% | 2.37% | 3.40% | 3.22% | 4.44% | 3.94% | 4.50% | 5.89% |
AMLP Alerian MLP ETF | 7.54% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
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.
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Drawdown Indicators
| CVY | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.86% | -77.19% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.22% | -14.27% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -20.92% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -50.47% | -72.62% | +22.15% |
Current DrawdownCurrent decline from peak | -5.33% | -2.17% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -17.57% | +7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 5.60% | -2.45% |
Volatility
CVY vs. AMLP - Volatility Comparison
Invesco Zacks Multi-Asset Income ETF (CVY) has a higher volatility of 3.92% compared to Alerian MLP ETF (AMLP) at 2.92%. This indicates that CVY's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVY | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 2.92% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 7.86% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.40% | 16.08% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 20.18% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 27.84% | -8.26% |