FTCHX vs. MSIGX

Last updated Jun 25, 2026

FTCHX (Invesco Technology Fund) and MSIGX (Invesco Main Street Fund) are both mutual funds - FTCHX is a Technology Equities fund managed by Invesco, while MSIGX is a Large Cap Blend Equities fund managed by Invesco. Over the past 10 years, FTCHX returned 20.93%/yr vs 11.91%/yr for MSIGX. Their correlation of 0.81 suggests significant overlap in exposure. FTCHX charges 0.91%/yr vs 0.82%/yr for MSIGX.

Performance

FTCHX vs. MSIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Technology Fund (FTCHX) and Invesco Main Street Fund (MSIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTCHX achieves a 39.42% return, which is significantly higher than MSIGX's 3.87% return. Over the past 10 years, FTCHX has outperformed MSIGX with an annualized return of 20.93%, while MSIGX has yielded a comparatively lower 11.91% annualized return.

FTCHX

• 1D: -5.62%
• 1M: 2.28%
• YTD: 39.42%
• 6M: 35.73%
• 1Y: 61.82%
• 3Y*: 36.93%
• 5Y*: 15.36%
• 10Y*: 20.93%

MSIGX

• 1D: -1.37%
• 1M: -1.26%
• YTD: 3.87%
• 6M: 2.75%
• 1Y: 14.66%
• 3Y*: 17.01%
• 5Y*: 10.07%
• 10Y*: 11.91%

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

FTCHX vs. MSIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTCHX Invesco Technology Fund	39.42%	20.77%	34.49%	47.38%	-39.96%	13.00%	46.14%	35.62%	-0.88%	34.78%
MSIGX Invesco Main Street Fund	3.87%	16.02%	23.66%	23.06%	-20.21%	27.37%	14.41%	22.49%	-8.25%	16.79%

Correlation

The correlation between FTCHX and MSIGX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 3, 1988	0.81

The correlation between FTCHX and MSIGX shifts across timeframes, from 0.70 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FTCHX vs. MSIGX — Risk / Return Rank

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

FTCHX

FTCHX Risk / Return Rank: 68
FTCHX Sharpe Ratio Rank: 65
FTCHX Sortino Ratio Rank: 46
FTCHX Omega Ratio Rank: 50
FTCHX Calmar Ratio Rank: 92
FTCHX Martin Ratio Rank: 88

MSIGX

MSIGX Risk / Return Rank: 29
MSIGX Sharpe Ratio Rank: 29
MSIGX Sortino Ratio Rank: 29
MSIGX Omega Ratio Rank: 29
MSIGX Calmar Ratio Rank: 24
MSIGX Martin Ratio Rank: 31

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.

FTCHX vs. MSIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Technology Fund (FTCHX) and Invesco Main Street Fund (MSIGX). 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.

	FTCHX	MSIGX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.40	+0.73
Sortino ratio: Return per unit of downside risk	2.57	2.05	+0.52
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.10
Calmar ratio: Return relative to maximum drawdown	4.58	1.65	+2.93
Martin ratio: Return relative to average drawdown	15.70	6.65	+9.04

FTCHX vs. MSIGX - Sharpe Ratio Comparison

The current FTCHX Sharpe Ratio is 2.14, which is higher than the MSIGX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of FTCHX and MSIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTCHX vs. MSIGX - Drawdown Comparison

The maximum FTCHX drawdown since its inception was -87.78%, which is greater than MSIGX's maximum drawdown of -57.22%. Use the drawdown chart below to compare losses from any high point for FTCHX and MSIGX.

Drawdown Indicators

	FTCHX	MSIGX	Difference
Max Drawdown Largest peak-to-trough decline	-87.78%	-57.22%	-30.56%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-10.96%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-30.38%	-19.91%	-10.47%
Max Drawdown (5Y) Largest decline over 5 years	-47.89%	-26.73%	-21.16%
Max Drawdown (10Y) Largest decline over 10 years	-47.89%	-35.41%	-12.48%
Current Drawdown Current decline from peak	-5.62%	-2.64%	-2.98%
Average Drawdown Average peak-to-trough decline	-36.37%	-8.98%	-27.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	2.60%	+1.56%

Volatility

FTCHX vs. MSIGX - Volatility Comparison

Invesco Technology Fund (FTCHX) has a higher volatility of 15.08% compared to Invesco Main Street Fund (MSIGX) at 4.83%. This indicates that FTCHX's price experiences larger fluctuations and is considered to be riskier than MSIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCHX	MSIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.08%	4.83%	+10.25%
Volatility (6M) Calculated over the trailing 6-month period	25.40%	10.14%	+15.26%
Volatility (1Y) Calculated over the trailing 1-year period	30.70%	12.95%	+17.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.43%	17.01%	+12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.71%	17.92%	+8.79%

FTCHX vs. MSIGX - Expense Ratio Comparison

FTCHX has a 0.91% expense ratio, which is higher than MSIGX's 0.82% expense ratio.

Dividends

FTCHX vs. MSIGX - Dividend Comparison

FTCHX's dividend yield for the trailing twelve months is around 19.05%, more than MSIGX's 7.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTCHX Invesco Technology Fund	19.05%	26.56%	13.59%	0.80%	1.60%	27.66%	7.06%	9.58%	9.01%	4.14%	6.98%	6.88%
MSIGX Invesco Main Street Fund	7.22%	7.50%	6.06%	7.40%	4.68%	19.19%	3.17%	0.89%	19.62%	7.50%	2.96%	13.79%

Frequently Asked Questions

Can I hold both FTCHX and MSIGX in my portfolio?

FTCHX and MSIGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTCHX or MSIGX?

FTCHX has higher volatility (15.08%) compared to MSIGX (4.83%). In terms of maximum drawdown, FTCHX dropped -87.78% vs MSIGX's -57.22%.

Which has better risk-adjusted returns?

FTCHX currently has the higher Sharpe Ratio (2.14 vs 1.40), 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.