IARCX vs. ACEIX
IARCX (Invesco Real Estate Fund) and ACEIX (Invesco Equity and Income Fund) are both mutual funds - IARCX is a REIT fund managed by Invesco, while ACEIX is a Diversified Portfolio fund managed by Invesco. Over the past 10 years, IARCX returned 3.19%/yr vs 8.93%/yr for ACEIX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. IARCX charges 1.98%/yr vs 0.78%/yr for ACEIX.
Performance
IARCX vs. ACEIX - Performance Comparison
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Returns By Period
In the year-to-date period, IARCX achieves a 16.61% return, which is significantly higher than ACEIX's 9.78% return. Over the past 10 years, IARCX has underperformed ACEIX with an annualized return of 3.19%, while ACEIX has yielded a comparatively higher 8.93% annualized return.
IARCX
- 1D
- -0.27%
- 1M
- 1.44%
- 6M
- 13.44%
- YTD
- 16.61%
- 1Y
- 15.84%
- 3Y*
- 7.78%
- 5Y*
- 0.74%
- 10Y*
- 3.19%
- ALL TIME*
- 3.86%
ACEIX
- 1D
- 0.84%
- 1M
- 2.31%
- 6M
- 6.01%
- YTD
- 9.78%
- 1Y
- 17.22%
- 3Y*
- 13.38%
- 5Y*
- 7.91%
- 10Y*
- 8.93%
- ALL TIME*
- 9.02%
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 |
IARCX vs. ACEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IARCX Invesco Real Estate Fund | 16.61% | -0.91% | 1.03% | 7.95% | -25.40% | 39.81% | -11.68% | 26.50% | -6.36% | 7.61% |
ACEIX Invesco Equity and Income Fund | 9.78% | 12.85% | 11.77% | 10.08% | -7.75% | 18.02% | 9.96% | 19.17% | -9.74% | 10.86% |
Correlation
The correlation between IARCX and ACEIX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 1, 1995 | 0.58 |
The correlation between IARCX and ACEIX shifts across timeframes, from 0.44 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IARCX vs. ACEIX — Risk / Return Rank
IARCX
ACEIX
IARCX vs. ACEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate Fund (IARCX) 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.
| IARCX | ACEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 3.14 | -1.15 |
| Martin ratioReturn relative to average drawdown | 6.46 | 13.00 | -6.55 |
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Drawdowns
IARCX vs. ACEIX - Drawdown Comparison
The maximum IARCX drawdown since its inception was -82.76%, which is greater than ACEIX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for IARCX and ACEIX.
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Drawdown Indicators
| IARCX | ACEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.76% | -40.08% | -42.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -5.50% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -12.40% | -5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -16.73% | -18.10% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -30.80% | -11.65% |
Current DrawdownCurrent decline from peak | -5.99% | 0.00% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -35.96% | -4.59% | -31.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.32% | +1.19% |
Volatility
IARCX vs. ACEIX - Volatility Comparison
Invesco Real Estate Fund (IARCX) has a higher volatility of 4.19% compared to Invesco Equity and Income Fund (ACEIX) at 2.55%. This indicates that IARCX'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
| IARCX | ACEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 2.55% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 6.37% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 8.35% | +5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 11.06% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 12.77% | +8.12% |
IARCX vs. ACEIX - Expense Ratio Comparison
IARCX has a 1.98% expense ratio, which is higher than ACEIX's 0.78% expense ratio.
Dividends
IARCX vs. ACEIX - Dividend Comparison
IARCX's dividend yield for the trailing twelve months is around 4.32%, less than ACEIX's 6.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 6.31% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
IARCX Invesco Real Estate Fund | 4.32% | 5.26% | 3.66% | 2.50% | 9.87% | 4.94% | 6.58% | 7.98% | 6.65% | 5.22% | 14.83% | 16.26% |
Frequently Asked Questions
IARCX and ACEIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IARCX has higher volatility (4.19%) compared to ACEIX (2.55%). In terms of maximum drawdown, IARCX dropped -82.76% vs ACEIX's -40.08%.
ACEIX currently has the higher Sharpe Ratio (2.07 vs 1.19), 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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