ICIFX vs. ACEIX
ICIFX (Invesco Conservative Income Fund) and ACEIX (Invesco Equity and Income Fund) are both mutual funds - ICIFX is a Ultrashort Bond fund managed by Invesco, while ACEIX is a Diversified Portfolio fund managed by Invesco. Over the past 10 years, ICIFX returned 2.55%/yr vs 8.87%/yr for ACEIX. At a correlation of -0.02, they often move in opposite directions. ICIFX charges 0.27%/yr vs 0.78%/yr for ACEIX.
Performance
ICIFX vs. ACEIX - Performance Comparison
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Returns By Period
In the year-to-date period, ICIFX achieves a 1.46% return, which is significantly lower than ACEIX's 6.02% return. Over the past 10 years, ICIFX has underperformed ACEIX with an annualized return of 2.55%, while ACEIX has yielded a comparatively higher 8.87% annualized return.
ICIFX
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.46%
- 6M
- 1.84%
- 1Y
- 4.37%
- 3Y*
- 5.11%
- 5Y*
- 3.41%
- 10Y*
- 2.55%
ACEIX
- 1D
- 0.61%
- 1M
- 1.13%
- YTD
- 6.02%
- 6M
- 7.12%
- 1Y
- 17.83%
- 3Y*
- 13.49%
- 5Y*
- 7.05%
- 10Y*
- 8.87%
ICIFX vs. ACEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICIFX Invesco Conservative Income Fund | 1.46% | 4.97% | 5.74% | 4.77% | 0.37% | -0.09% | 1.74% | 2.83% | 2.03% | 1.45% |
ACEIX Invesco Equity and Income Fund | 6.02% | 12.85% | 11.77% | 10.08% | -7.75% | 18.02% | 9.96% | 19.17% | -9.74% | 10.86% |
Correlation
The correlation between ICIFX and ACEIX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | -0.02 |
The correlation between ICIFX and ACEIX shifts across timeframes, from -0.02 (all time) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ICIFX vs. ACEIX — Risk / Return Rank
ICIFX
ACEIX
ICIFX vs. ACEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Conservative Income Fund (ICIFX) 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.
| ICIFX | ACEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +6.87 | ||
| Omega ratioGain probability vs. loss probability | 3.40 | 1.43 | +1.97 |
| Calmar ratioReturn relative to maximum drawdown | 11.10 | 3.42 | +7.68 |
| Martin ratioReturn relative to average drawdown | 51.47 | 14.15 | +37.32 |
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
| ICIFX | ACEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 2.34 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.52 | 0.64 | +1.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.30 | 0.69 | +1.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.22 | 0.72 | +1.49 |
Drawdowns
ICIFX vs. ACEIX - Drawdown Comparison
The maximum ICIFX drawdown since its inception was -2.19%, smaller than the maximum ACEIX drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for ICIFX and ACEIX.
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Drawdown Indicators
| ICIFX | ACEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -40.08% | +37.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -5.50% | +5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -12.40% | +12.00% |
Max Drawdown (5Y)Largest decline over 5 years | -1.24% | -16.73% | +15.49% |
Max Drawdown (10Y)Largest decline over 10 years | -2.19% | -30.80% | +28.61% |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -4.61% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.32% | -1.23% |
Volatility
ICIFX vs. ACEIX - Volatility Comparison
The current volatility for Invesco Conservative Income Fund (ICIFX) is 0.43%, while Invesco Equity and Income Fund (ACEIX) has a volatility of 2.05%. This indicates that ICIFX experiences smaller price fluctuations and is considered to be less risky 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
| ICIFX | ACEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 2.05% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 6.13% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.40% | 8.03% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.36% | 11.11% | -9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 12.83% | -11.71% |
ICIFX vs. ACEIX - Expense Ratio Comparison
ICIFX has a 0.27% expense ratio, which is lower than ACEIX's 0.78% expense ratio.
Dividends
ICIFX vs. ACEIX - Dividend Comparison
ICIFX's dividend yield for the trailing twelve months is around 4.48%, less than ACEIX's 6.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 6.51% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
ICIFX Invesco Conservative Income Fund | 4.48% | 4.74% | 5.37% | 3.53% | 1.47% | 0.40% | 1.22% | 2.29% | 2.21% | 1.34% | 0.91% | 0.47% |
Frequently Asked Questions
ICIFX and ACEIX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACEIX has higher volatility (2.05%) compared to ICIFX (0.43%). In terms of maximum drawdown, ICIFX dropped -2.19% vs ACEIX's -40.08%.
ICIFX currently has the higher Sharpe Ratio (3.15 vs 2.34), 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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