GGHCX vs. ACEIX
GGHCX (Invesco Health Care Fund) and ACEIX (Invesco Equity and Income Fund) are both mutual funds - GGHCX is a Health & Biotech Equities fund managed by Invesco, while ACEIX is a Diversified Portfolio fund managed by Invesco. Over the past 10 years, GGHCX returned 6.89%/yr vs 8.92%/yr for ACEIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. GGHCX charges 1.04%/yr vs 0.78%/yr for ACEIX.
Performance
GGHCX vs. ACEIX - Performance Comparison
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Returns By Period
In the year-to-date period, GGHCX achieves a 1.86% return, which is significantly lower than ACEIX's 7.85% return. Over the past 10 years, GGHCX has underperformed ACEIX with an annualized return of 6.89%, while ACEIX has yielded a comparatively higher 8.92% annualized return.
GGHCX
- 1D
- -1.60%
- 1M
- -4.20%
- 6M
- 2.25%
- YTD
- 1.86%
- 1Y
- 16.64%
- 3Y*
- 7.68%
- 5Y*
- 2.38%
- 10Y*
- 6.89%
- ALL TIME*
- 9.93%
ACEIX
- 1D
- 0.69%
- 1M
- 0.86%
- 6M
- 4.80%
- YTD
- 7.85%
- 1Y
- 15.80%
- 3Y*
- 12.24%
- 5Y*
- 7.56%
- 10Y*
- 8.92%
- ALL TIME*
- 8.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GGHCX vs. ACEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGHCX Invesco Health Care Fund | 1.86% | 15.48% | 3.96% | 3.05% | -13.53% | 12.05% | 14.52% | 32.01% | 0.27% | 15.51% |
ACEIX Invesco Equity and Income Fund | 7.85% | 12.85% | 11.77% | 10.08% | -7.75% | 18.02% | 9.96% | 19.17% | -9.74% | 10.86% |
Correlation
The correlation between GGHCX and ACEIX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.70 |
Over the past year, the correlation between GGHCX and ACEIX has dropped to 0.46 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
GGHCX vs. ACEIX — Risk / Return Rank
GGHCX
ACEIX
GGHCX vs. ACEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Health Care Fund (GGHCX) and Invesco Equity and Income Fund (ACEIX). 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.
| GGHCX | ACEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.70 | -1.43 |
| Martin ratioReturn relative to average drawdown | 2.79 | 11.20 | -8.41 |
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Drawdowns
GGHCX vs. ACEIX - Drawdown Comparison
The maximum GGHCX drawdown since its inception was -40.23%, roughly equal to the maximum ACEIX drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for GGHCX and ACEIX.
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Drawdown Indicators
| GGHCX | ACEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -40.08% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | -5.50% | -8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -12.40% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -16.73% | -8.64% |
Max Drawdown (10Y)Largest decline over 10 years | -29.34% | -30.80% | +1.46% |
Current DrawdownCurrent decline from peak | -4.48% | 0.00% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -4.59% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 1.33% | +4.83% |
Volatility
GGHCX vs. ACEIX - Volatility Comparison
Invesco Health Care Fund (GGHCX) has a higher volatility of 5.37% compared to Invesco Equity and Income Fund (ACEIX) at 2.28%. This indicates that GGHCX's price experiences larger fluctuations and is considered to be riskier than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGHCX | ACEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 2.28% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 6.28% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 8.34% | +6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 11.06% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 12.76% | +4.69% |
GGHCX vs. ACEIX - Expense Ratio Comparison
GGHCX has a 1.04% expense ratio, which is higher than ACEIX's 0.78% expense ratio.
Dividends
GGHCX vs. ACEIX - Dividend Comparison
GGHCX's dividend yield for the trailing twelve months is around 5.58%, less than ACEIX's 6.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 6.43% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
GGHCX Invesco Health Care Fund | 5.58% | 5.69% | 5.17% | 0.00% | 0.00% | 24.69% | 6.44% | 3.51% | 8.81% | 6.88% | 2.24% | 15.07% |
Frequently Asked Questions
GGHCX and ACEIX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGHCX has higher volatility (5.37%) compared to ACEIX (2.28%). In terms of maximum drawdown, GGHCX dropped -40.23% vs ACEIX's -40.08%.
ACEIX currently has the higher Sharpe Ratio (1.79 vs 1.21), 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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