CVY vs. EAOR
CVY (Invesco Zacks Multi-Asset Income ETF) and EAOR (iShares ESG Aware Growth Allocation ETF) are both Diversified Portfolio funds - CVY tracks the Zacks Multi-Asset Income Index while EAOR tracks the BlackRock ESG Aware Growth Allocation Index. Both are passively managed. Over the past 5 years, CVY returned 9.27%/yr vs 6.02%/yr for EAOR. Their 0.69 correlation means they have sometimes moved together and sometimes differently. CVY charges 1.21%/yr vs 0.18%/yr for EAOR.
Performance
CVY vs. EAOR - Performance Comparison
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Returns By Period
In the year-to-date period, CVY achieves a 15.51% return, which is significantly higher than EAOR's 6.86% return.
CVY
- 1D
- -0.27%
- 1M
- 3.22%
- 6M
- 10.58%
- YTD
- 15.51%
- 1Y
- 22.82%
- 3Y*
- 14.62%
- 5Y*
- 9.27%
- 10Y*
- 8.99%
- ALL TIME*
- 6.01%
EAOR
- 1D
- 0.21%
- 1M
- -0.37%
- 6M
- 4.97%
- YTD
- 6.86%
- 1Y
- 15.21%
- 3Y*
- 12.38%
- 5Y*
- 6.02%
- 10Y*
- —
- ALL TIME*
- 8.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.32K | $103.88K | $109.40K | |
| $86.69K | $77.19K | $61.11K |
CVY vs. EAOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 15.51% | 11.00% | 10.28% | 17.87% | -9.27% | 25.31% | 20.20% |
EAOR iShares ESG Aware Growth Allocation ETF | 6.86% | 15.59% | 10.69% | 14.96% | -16.66% | 10.51% | 14.92% |
Correlation
The correlation between CVY and EAOR is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.69 |
The correlation between CVY and EAOR shifts across timeframes, from 0.57 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CVY vs. EAOR — Risk / Return Rank
CVY
EAOR
CVY vs. EAOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Multi-Asset Income ETF (CVY) and iShares ESG Aware Growth Allocation ETF (EAOR). 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 | EAOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.23 | +0.69 |
| Martin ratioReturn relative to average drawdown | 10.01 | 9.22 | +0.79 |
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Drawdowns
CVY vs. EAOR - Drawdown Comparison
The maximum CVY drawdown since its inception was -66.86%, which is greater than EAOR's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for CVY and EAOR.
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Drawdown Indicators
| CVY | EAOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.86% | -22.91% | -43.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -6.62% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.79% | -10.28% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -22.91% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -50.47% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | -1.24% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -4.95% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.59% | +0.57% |
Volatility
CVY vs. EAOR - Volatility Comparison
Invesco Zacks Multi-Asset Income ETF (CVY) has a higher volatility of 3.00% compared to iShares ESG Aware Growth Allocation ETF (EAOR) at 2.67%. This indicates that CVY's price experiences larger fluctuations and is considered to be riskier than EAOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVY | EAOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 2.67% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 7.78% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 9.30% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 10.64% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.46% | 10.41% | +9.05% |
CVY vs. EAOR - Expense Ratio Comparison
CVY has a 1.21% expense ratio, which is higher than EAOR's 0.18% expense ratio.
Dividends
CVY vs. EAOR - Dividend Comparison
CVY's dividend yield for the trailing twelve months is around 4.11%, more than EAOR's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 4.11% | 3.99% | 4.07% | 4.41% | 5.18% | 2.37% | 3.40% | 3.22% | 4.44% | 3.94% | 4.50% | 5.89% |
EAOR iShares ESG Aware Growth Allocation ETF | 2.38% | 2.45% | 2.52% | 2.39% | 1.99% | 1.39% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CVY and EAOR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVY has higher volatility (3.00%) compared to EAOR (2.67%). In terms of maximum drawdown, CVY dropped -66.86% vs EAOR's -22.91%.
On 5-year performance, CVY leads with 9.27% vs 6.02% for EAOR. On fees, EAOR is cheaper at 0.18% per year. On volatility, EAOR has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CVY has performed better with a 9.27% return vs 6.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAOR is cheaper with a 0.18% expense ratio, compared with 1.21% for CVY.
CVY has the higher dividend yield at 4.11%, compared with 2.38% for EAOR.
CVY tracks Zacks Multi-Asset Income Index, while EAOR tracks BlackRock ESG Aware Growth Allocation Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 1.21% for CVY and 0.18% for EAOR.
CVY currently has the higher Sharpe Ratio (2.01 vs 1.58), 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.
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