ESMAX vs. AEDAX
Compare and contrast key facts about Invesco EQV European Small Company Fund (ESMAX) and Invesco EQV European Equity Fund (AEDAX).
ESMAX is managed by Invesco. It was launched on Aug 30, 2000. AEDAX is managed by Invesco. It was launched on Nov 2, 1997.
Performance
ESMAX vs. AEDAX - Performance Comparison
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ESMAX vs. AEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESMAX Invesco EQV European Small Company Fund | -4.07% | 22.15% | 2.60% | 14.26% | -16.30% | 24.30% | 9.63% | 15.37% | -15.29% | 28.30% |
AEDAX Invesco EQV European Equity Fund | 0.69% | 23.92% | -0.79% | 19.64% | -21.77% | 14.22% | -0.06% | 24.54% | -18.86% | 26.90% |
Returns By Period
In the year-to-date period, ESMAX achieves a -4.07% return, which is significantly lower than AEDAX's 0.69% return. Over the past 10 years, ESMAX has outperformed AEDAX with an annualized return of 7.59%, while AEDAX has yielded a comparatively lower 5.29% annualized return.
ESMAX
- 1D
- -1.64%
- 1M
- -12.06%
- YTD
- -4.07%
- 6M
- -4.00%
- 1Y
- 10.96%
- 3Y*
- 9.71%
- 5Y*
- 5.68%
- 10Y*
- 7.59%
AEDAX
- 1D
- 0.15%
- 1M
- -9.80%
- YTD
- 0.69%
- 6M
- 6.57%
- 1Y
- 18.92%
- 3Y*
- 10.42%
- 5Y*
- 4.50%
- 10Y*
- 5.29%
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ESMAX vs. AEDAX - Expense Ratio Comparison
ESMAX has a 1.48% expense ratio, which is higher than AEDAX's 1.37% expense ratio.
Return for Risk
ESMAX vs. AEDAX — Risk / Return Rank
ESMAX
AEDAX
ESMAX vs. AEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV European Small Company Fund (ESMAX) and Invesco EQV European Equity Fund (AEDAX). 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.
| ESMAX | AEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 1.09 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.52 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.62 | -0.89 |
Martin ratioReturn relative to average drawdown | 2.21 | 5.66 | -3.44 |
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
| ESMAX | AEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.09 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.26 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.31 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.45 | +0.14 |
Correlation
The correlation between ESMAX and AEDAX is 0.86, 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
ESMAX vs. AEDAX - Dividend Comparison
ESMAX's dividend yield for the trailing twelve months is around 36.55%, more than AEDAX's 16.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESMAX Invesco EQV European Small Company Fund | 36.55% | 35.06% | 9.96% | 4.94% | 11.28% | 3.24% | 2.75% | 7.01% | 6.27% | 3.21% | 2.07% | 5.41% |
AEDAX Invesco EQV European Equity Fund | 16.80% | 16.92% | 10.53% | 2.58% | 7.48% | 9.40% | 1.30% | 2.53% | 1.43% | 1.86% | 1.59% | 4.78% |
Drawdowns
ESMAX vs. AEDAX - Drawdown Comparison
The maximum ESMAX drawdown since its inception was -65.90%, which is greater than AEDAX's maximum drawdown of -60.46%. Use the drawdown chart below to compare losses from any high point for ESMAX and AEDAX.
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Drawdown Indicators
| ESMAX | AEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.90% | -60.46% | -5.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.45% | -10.59% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.92% | -38.81% | +5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -39.83% | -40.03% | +0.20% |
Current DrawdownCurrent decline from peak | -12.45% | -10.38% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -14.01% | -16.99% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 3.04% | +1.07% |
Volatility
ESMAX vs. AEDAX - Volatility Comparison
Invesco EQV European Small Company Fund (ESMAX) and Invesco EQV European Equity Fund (AEDAX) have volatilities of 7.30% and 7.06%, 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.
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Volatility by Period
| ESMAX | AEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 7.06% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 10.66% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 16.41% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 17.48% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 17.36% | -2.96% |