CVY vs. ASET

Last updated Jun 24, 2026

CVY (Invesco Zacks Multi-Asset Income ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds - CVY tracks the Zacks Multi-Asset Income Index while ASET tracks the Northern Trust Real Assets Allocation Total Return. Both are passively managed. CVY charges 1.21%/yr vs 0.57%/yr for ASET.

Performance

CVY vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Zacks Multi-Asset Income ETF (CVY) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVY

• 1D: 0.21%
• 1M: 0.96%
• YTD: 9.65%
• 6M: 9.33%
• 1Y: 17.75%
• 3Y*: 16.08%
• 5Y*: 7.84%
• 10Y*: 8.84%

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVY vs. ASET - Yearly Performance Comparison

	2026 (YTD)
CVY Invesco Zacks Multi-Asset Income ETF	4.07%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Return for Risk

CVY vs. ASET — Risk / Return Rank

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

CVY

CVY Risk / Return Rank: 50
CVY Sharpe Ratio Rank: 50
CVY Sortino Ratio Rank: 52
CVY Omega Ratio Rank: 47
CVY Calmar Ratio Rank: 52
CVY Martin Ratio Rank: 51

ASET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CVY vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Multi-Asset Income ETF (CVY) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	CVY	ASET	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.40	—	—
Martin ratio: Return relative to average drawdown	8.02	—	—

Drawdowns

CVY vs. ASET - Drawdown Comparison

The maximum CVY drawdown since its inception was -66.86%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CVY and ASET.

Drawdown Indicators

	CVY	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	0.00%	-66.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.47%	—	—
Current Drawdown Current decline from peak	-0.72%	0.00%	-0.72%
Average Drawdown Average peak-to-trough decline	-10.38%	0.00%	-10.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	—	—

Volatility

Volatility by Period

	CVY	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.08%	0.00%	+11.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	0.00%	+16.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.52%	0.00%	+19.52%

CVY vs. ASET - Expense Ratio Comparison

CVY has a 1.21% expense ratio, which is higher than ASET's 0.57% expense ratio.

Dividends

CVY vs. ASET - Dividend Comparison

CVY's dividend yield for the trailing twelve months is around 4.33%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CVY Invesco Zacks Multi-Asset Income ETF	4.33%	3.99%	4.07%	4.41%	5.18%	2.37%	3.40%	3.22%	4.44%	3.94%	4.50%	5.89%

Frequently Asked Questions

Which ETF is better, CVY or ASET?

On fees, ASET is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CVY or ASET?

ASET is cheaper with a 0.57% expense ratio, compared with 1.21% for CVY.

Which ETF pays a higher dividend yield, CVY or ASET?

CVY has the higher dividend yield at 4.33%, compared with 0.00% for ASET.

What is the main difference between CVY and ASET?

CVY tracks Zacks Multi-Asset Income Index, while ASET tracks Northern Trust Real Assets Allocation Total Return. They also come from different issuers: Invesco and Northern Trust. Their fees differ too: 1.21% for CVY and 0.57% for ASET.