IICAX vs. OARDX

Last updated Jul 11, 2026

IICAX (Asset Management Fund Large Cap Equity Fund) and OARDX (Invesco Rising Dividends Fund) are both Large Cap Blend Equities funds. Over the past 10 years, IICAX returned 11.24%/yr vs 12.47%/yr for OARDX. A 0.74 correlation means they provide meaningful diversification when combined. IICAX charges 1.71%/yr vs 1.00%/yr for OARDX.

Performance

IICAX vs. OARDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Asset Management Fund Large Cap Equity Fund (IICAX) and Invesco Rising Dividends Fund (OARDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IICAX achieves a 8.77% return, which is significantly higher than OARDX's 7.17% return. Over the past 10 years, IICAX has underperformed OARDX with an annualized return of 11.24%, while OARDX has yielded a comparatively higher 12.47% annualized return.

IICAX

• 1D: 0.41%
• 1M: 0.32%
• 6M: 6.44%
• YTD: 8.77%
• 1Y: 18.49%
• 3Y*: 16.41%
• 5Y*: 11.95%
• 10Y*: 11.24%

OARDX

• 1D: 0.46%
• 1M: 1.38%
• 6M: 6.21%
• YTD: 7.17%
• 1Y: 16.13%
• 3Y*: 16.64%
• 5Y*: 11.20%
• 10Y*: 12.47%

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

IICAX vs. OARDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IICAX Asset Management Fund Large Cap Equity Fund	8.77%	12.59%	18.66%	21.70%	-12.87%	33.00%	11.90%	26.48%	-6.25%	-0.30%
OARDX Invesco Rising Dividends Fund	7.17%	17.43%	19.40%	17.73%	-12.68%	26.52%	13.34%	29.59%	-6.55%	17.48%

Correlation

The correlation between IICAX and OARDX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 30, 1980	0.74

The correlation between IICAX and OARDX shifts across timeframes, from 0.74 (all time) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

IICAX vs. OARDX — Risk / Return Rank

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

IICAX

IICAX Risk / Return Rank: 63
IICAX Sharpe Ratio Rank: 58
IICAX Sortino Ratio Rank: 59
IICAX Omega Ratio Rank: 57
IICAX Calmar Ratio Rank: 67
IICAX Martin Ratio Rank: 74

OARDX

OARDX Risk / Return Rank: 48
OARDX Sharpe Ratio Rank: 50
OARDX Sortino Ratio Rank: 55
OARDX Omega Ratio Rank: 49
OARDX Calmar Ratio Rank: 38
OARDX Martin Ratio Rank: 49

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.

IICAX vs. OARDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Asset Management Fund Large Cap Equity Fund (IICAX) and Invesco Rising Dividends Fund (OARDX). 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.

	IICAX	OARDX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.58	+0.12
Sortino ratio: Return per unit of downside risk	2.43	2.36	+0.07
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	2.51	1.87	+0.64
Martin ratio: Return relative to average drawdown	10.54	8.04	+2.50

IICAX vs. OARDX - Sharpe Ratio Comparison

The current IICAX Sharpe Ratio is 1.70, which is comparable to the OARDX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of IICAX and OARDX, 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

IICAX vs. OARDX - Drawdown Comparison

The maximum IICAX drawdown since its inception was -96.26%, which is greater than OARDX's maximum drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for IICAX and OARDX.

Drawdown Indicators

	IICAX	OARDX	Difference
Max Drawdown Largest peak-to-trough decline	-96.26%	-69.57%	-26.69%
Max Drawdown (1Y) Largest decline over 1 year	-7.25%	-9.60%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	-23.45%	+5.76%
Max Drawdown (5Y) Largest decline over 5 years	-22.79%	-23.45%	+0.66%
Max Drawdown (10Y) Largest decline over 10 years	-39.01%	-36.69%	-2.32%
Current Drawdown Current decline from peak	-67.46%	0.00%	-67.46%
Average Drawdown Average peak-to-trough decline	-68.17%	-16.43%	-51.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.13%	-0.41%

Volatility

IICAX vs. OARDX - Volatility Comparison

Asset Management Fund Large Cap Equity Fund (IICAX) and Invesco Rising Dividends Fund (OARDX) have volatilities of 3.16% and 3.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IICAX	OARDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	3.24%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.33%	8.97%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	11.40%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	16.84%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	18.16%	+3.72%

IICAX vs. OARDX - Expense Ratio Comparison

IICAX has a 1.71% expense ratio, which is higher than OARDX's 1.00% expense ratio.

Dividends

IICAX vs. OARDX - Dividend Comparison

IICAX's dividend yield for the trailing twelve months is around 10.34%, more than OARDX's 7.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IICAX Asset Management Fund Large Cap Equity Fund	10.34%	11.22%	6.32%	9.33%	9.58%	5.38%	3.83%	5.15%	13.41%	0.85%	30.91%	8.23%
OARDX Invesco Rising Dividends Fund	7.48%	8.07%	12.72%	7.63%	6.04%	12.60%	2.49%	4.06%	9.13%	10.38%	6.04%	7.42%

Frequently Asked Questions

Can I hold both IICAX and OARDX in my portfolio?

IICAX and OARDX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IICAX or OARDX?

OARDX has higher volatility (3.24%) compared to IICAX (3.16%). In terms of maximum drawdown, IICAX dropped -96.26% vs OARDX's -69.57%.

Which has better risk-adjusted returns?

IICAX currently has the higher Sharpe Ratio (1.70 vs 1.58), 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.