GLVAX vs. CSUAX

Last updated Jun 24, 2026

GLVAX (Invesco Global Focus Fund Class A) and CSUAX (Cohen & Steers Global Infrastructure Fund Class A) are both Global Equities funds. GLVAX is actively managed, while CSUAX is passively managed. Over the past 10 years, GLVAX returned 13.10%/yr vs 7.57%/yr for CSUAX. At a 0.50 correlation, their price movements are largely independent. GLVAX charges 1.23%/yr vs 1.22%/yr for CSUAX.

Performance

GLVAX vs. CSUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Focus Fund Class A (GLVAX) and Cohen & Steers Global Infrastructure Fund Class A (CSUAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GLVAX having a 10.64% return and CSUAX slightly lower at 10.30%. Over the past 10 years, GLVAX has outperformed CSUAX with an annualized return of 13.10%, while CSUAX has yielded a comparatively lower 7.57% annualized return.

GLVAX

• 1D: -1.22%
• 1M: 3.94%
• YTD: 10.64%
• 6M: 10.02%
• 1Y: 20.67%
• 3Y*: 18.05%
• 5Y*: 4.27%
• 10Y*: 13.10%

CSUAX

• 1D: 0.38%
• 1M: -1.48%
• YTD: 10.30%
• 6M: 10.30%
• 1Y: 17.70%
• 3Y*: 12.18%
• 5Y*: 7.09%
• 10Y*: 7.57%

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

GLVAX vs. CSUAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLVAX Invesco Global Focus Fund Class A	10.64%	14.23%	20.78%	36.99%	-37.89%	3.46%	56.25%	31.65%	-10.02%	25.09%
CSUAX Cohen & Steers Global Infrastructure Fund Class A	10.30%	14.30%	8.30%	2.09%	-5.20%	16.24%	-1.65%	24.26%	-5.83%	17.99%

Correlation

The correlation between GLVAX and CSUAX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.50

Over the past year, the correlation between GLVAX and CSUAX has dropped to 0.14 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

GLVAX vs. CSUAX — Risk / Return Rank

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

GLVAX

GLVAX Risk / Return Rank: 23
GLVAX Sharpe Ratio Rank: 25
GLVAX Sortino Ratio Rank: 25
GLVAX Omega Ratio Rank: 24
GLVAX Calmar Ratio Rank: 20
GLVAX Martin Ratio Rank: 24

CSUAX

CSUAX Risk / Return Rank: 52
CSUAX Sharpe Ratio Rank: 48
CSUAX Sortino Ratio Rank: 47
CSUAX Omega Ratio Rank: 45
CSUAX Calmar Ratio Rank: 70
CSUAX Martin Ratio Rank: 51

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.

GLVAX vs. CSUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Focus Fund Class A (GLVAX) and Cohen & Steers Global Infrastructure Fund Class A (CSUAX). 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.

	GLVAX	CSUAX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.87	-0.56
Sortino ratio: Return per unit of downside risk	1.89	2.66	-0.77
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	1.50	3.08	-1.58
Martin ratio: Return relative to average drawdown	5.17	9.76	-4.60

GLVAX vs. CSUAX - Sharpe Ratio Comparison

The current GLVAX Sharpe Ratio is 1.31, which is comparable to the CSUAX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of GLVAX and CSUAX, 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

GLVAX vs. CSUAX - Drawdown Comparison

The maximum GLVAX drawdown since its inception was -49.69%, roughly equal to the maximum CSUAX drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for GLVAX and CSUAX.

Drawdown Indicators

	GLVAX	CSUAX	Difference
Max Drawdown Largest peak-to-trough decline	-49.69%	-52.20%	+2.51%
Max Drawdown (1Y) Largest decline over 1 year	-16.24%	-5.99%	-10.25%
Max Drawdown (3Y) Largest decline over 3 years	-22.72%	-14.95%	-7.77%
Max Drawdown (5Y) Largest decline over 5 years	-49.69%	-20.45%	-29.24%
Max Drawdown (10Y) Largest decline over 10 years	-49.69%	-35.05%	-14.64%
Current Drawdown Current decline from peak	-1.45%	-2.66%	+1.21%
Average Drawdown Average peak-to-trough decline	-9.60%	-8.43%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	1.88%	+2.63%

Volatility

GLVAX vs. CSUAX - Volatility Comparison

Invesco Global Focus Fund Class A (GLVAX) has a higher volatility of 8.51% compared to Cohen & Steers Global Infrastructure Fund Class A (CSUAX) at 3.43%. This indicates that GLVAX's price experiences larger fluctuations and is considered to be riskier than CSUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLVAX	CSUAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	3.43%	+5.08%
Volatility (6M) Calculated over the trailing 6-month period	15.04%	7.89%	+7.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.62%	9.88%	+8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.67%	12.98%	+10.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.70%	14.92%	+7.78%

GLVAX vs. CSUAX - Expense Ratio Comparison

GLVAX has a 1.23% expense ratio, which is higher than CSUAX's 1.22% expense ratio.

Dividends

GLVAX vs. CSUAX - Dividend Comparison

GLVAX's dividend yield for the trailing twelve months is around 11.64%, more than CSUAX's 7.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSUAX Cohen & Steers Global Infrastructure Fund Class A	7.33%	8.09%	2.23%	2.17%	3.55%	2.95%	1.30%	1.52%	2.08%	5.00%	2.04%	6.20%
GLVAX Invesco Global Focus Fund Class A	11.64%	12.87%	1.59%	0.00%	0.00%	4.04%	4.56%	10.03%	4.26%	1.84%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLVAX and CSUAX in my portfolio?

GLVAX and CSUAX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLVAX or CSUAX?

GLVAX has higher volatility (8.51%) compared to CSUAX (3.43%). In terms of maximum drawdown, GLVAX dropped -49.69% vs CSUAX's -52.20%.

Which has better risk-adjusted returns?

CSUAX currently has the higher Sharpe Ratio (1.87 vs 1.31), 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.