ICIFX vs. GSY
Compare and contrast key facts about Invesco Conservative Income Fund (ICIFX) and Invesco Ultra Short Duration ETF (GSY).
ICIFX is managed by Invesco. It was launched on Jul 1, 2014. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICIFX or GSY.
Performance
ICIFX vs. GSY - Performance Comparison
Returns By Period
In the year-to-date period, ICIFX achieves a 4.84% return, which is significantly lower than GSY's 5.29% return. Over the past 10 years, ICIFX has underperformed GSY with an annualized return of 2.02%, while GSY has yielded a comparatively higher 2.41% annualized return.
ICIFX
4.84%
0.34%
2.97%
6.09%
2.51%
2.02%
GSY
5.29%
0.37%
3.07%
6.44%
2.69%
2.41%
Key characteristics
| ICIFX | GSY | |
|---|---|---|
| Sharpe Ratio | 3.53 | 10.80 |
| Sortino Ratio | 12.40 | 27.13 |
| Omega Ratio | 3.58 | 6.11 |
| Calmar Ratio | 30.59 | 65.06 |
| Martin Ratio | 76.55 | 335.07 |
| Ulcer Index | 0.08% | 0.02% |
| Daily Std Dev | 1.72% | 0.60% |
| Max Drawdown | -2.19% | -12.14% |
| Current Drawdown | -0.10% | -0.02% |
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ICIFX vs. GSY - Expense Ratio Comparison
ICIFX has a 0.27% expense ratio, which is higher than GSY's 0.22% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between ICIFX and GSY is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
ICIFX vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Conservative Income Fund (ICIFX) and Invesco Ultra Short Duration ETF (GSY). 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.
Dividends
ICIFX vs. GSY - Dividend Comparison
ICIFX's dividend yield for the trailing twelve months is around 5.39%, less than GSY's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICIFX Invesco Conservative Income Fund | 5.39% | 4.26% | 1.43% | 0.32% | 1.23% | 2.50% | 2.22% | 1.36% | 0.96% | 0.47% | 0.00% | 0.00% |
GSY Invesco Ultra Short Duration ETF | 5.70% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
Drawdowns
ICIFX vs. GSY - Drawdown Comparison
The maximum ICIFX drawdown since its inception was -2.19%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for ICIFX and GSY. For additional features, visit the drawdowns tool.
Volatility
ICIFX vs. GSY - Volatility Comparison
Invesco Conservative Income Fund (ICIFX) has a higher volatility of 0.52% compared to Invesco Ultra Short Duration ETF (GSY) at 0.13%. This indicates that ICIFX's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.