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IUSG vs. AFRAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUSG vs. AFRAX

Last updated Jun 4, 2026

IUSG (iShares Core S&P U.S. Growth ETF) and AFRAX (Invesco Floating Rate ESG Fund) are both funds - IUSG is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index, while AFRAX is a Bank Loan fund managed by Invesco. Over the past 10 years, IUSG returned 17.88%/yr vs 4.48%/yr for AFRAX. At a 0.14 correlation, their price movements are largely independent. IUSG charges 0.04%/yr vs 1.04%/yr for AFRAX.

Performance

IUSG vs. AFRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P U.S. Growth ETF (IUSG) and Invesco Floating Rate ESG Fund (AFRAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IUSG achieves a 14.08% return, which is significantly higher than AFRAX's 0.42% return. Over the past 10 years, IUSG has outperformed AFRAX with an annualized return of 17.88%, while AFRAX has yielded a comparatively lower 4.48% annualized return.

IUSG

1D
-0.89%
1M
7.35%
YTD
14.08%
6M
13.91%
1Y
33.89%
3Y*
27.59%
5Y*
15.69%
10Y*
17.88%

AFRAX

1D
0.00%
1M
0.15%
YTD
0.42%
6M
0.76%
1Y
3.60%
3Y*
6.02%
5Y*
4.38%
10Y*
4.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSG vs. AFRAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUSG
iShares Core S&P U.S. Growth ETF		14.08%21.23%34.70%29.28%-28.81%31.26%32.65%30.62%-0.79%27.02%
AFRAX
Invesco Floating Rate ESG Fund		0.42%4.57%6.80%10.86%-2.26%6.24%1.53%7.25%-0.19%3.99%

Correlation

The correlation between IUSG and AFRAX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Jul 31, 2000

0.14

Compare stocks, funds, or ETFs

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iShares Core S&P U.S. Growth ETF

Invesco Floating Rate ESG Fund

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Often compared with AFRAX:
AFRAX vs. EIFAXAFRAX vs. FFRHXAFRAX vs. DFRTXAFRAX vs. SGYAXAFRAX vs. HFHIXAFRAX vs. AGEPXAFRAX vs. FFRSX

Return for Risk

IUSG vs. AFRAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUSG
IUSG Risk / Return Rank: 5959
Overall Rank
IUSG Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IUSG Sortino Ratio Rank: 6161
Sortino Ratio Rank
IUSG Omega Ratio Rank: 6060
Omega Ratio Rank
IUSG Calmar Ratio Rank: 5252
Calmar Ratio Rank
IUSG Martin Ratio Rank: 6161
Martin Ratio Rank
AFRAX
AFRAX Risk / Return Rank: 4343
Overall Rank
AFRAX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
AFRAX Sortino Ratio Rank: 5252
Sortino Ratio Rank
AFRAX Omega Ratio Rank: 6363
Omega Ratio Rank
AFRAX Calmar Ratio Rank: 4646
Calmar Ratio Rank
AFRAX Martin Ratio Rank: 3333
Martin Ratio Rank
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.

IUSG vs. AFRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Growth ETF (IUSG) and Invesco Floating Rate ESG Fund (AFRAX). 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.

IUSGAFRAXDifference
Sharpe ratioReturn per unit of total volatility
2.17
1.31

+0.86

Sortino ratioReturn per unit of downside risk
2.93
3.03

-0.11

Omega ratioGain probability vs. loss probability

1.37

1.44

-0.07

Calmar ratioReturn relative to maximum drawdown

2.61

2.57

+0.03

Martin ratioReturn relative to average drawdown

11.09

7.46

+3.63

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSG vs. AFRAX - Sharpe Ratio Comparison

The current IUSG Sharpe Ratio is 2.17, which is higher than the AFRAX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of IUSG and AFRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IUSGAFRAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

1.31

+0.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

1.37

-0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

1.20

-0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.74

-0.36

Drawdowns

IUSG vs. AFRAX - Drawdown Comparison

The maximum IUSG drawdown since its inception was -63.41%, which is greater than AFRAX's maximum drawdown of -37.60%. Use the drawdown chart below to compare losses from any high point for IUSG and AFRAX.

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Drawdown Indicators

IUSGAFRAXDifference

Max Drawdown

Largest peak-to-trough decline

-63.41%

-37.60%

-25.81%

Max Drawdown (1Y)

Largest decline over 1 year

-13.07%

-1.41%

-11.66%

Max Drawdown (3Y)

Largest decline over 3 years

-22.28%

-2.62%

-19.66%

Max Drawdown (5Y)

Largest decline over 5 years

-32.21%

-6.29%

-25.92%

Max Drawdown (10Y)

Largest decline over 10 years

-32.35%

-18.91%

-13.44%

Current Drawdown

Current decline from peak

-0.98%

-0.01%

-0.97%

Average Drawdown

Average peak-to-trough decline

-21.44%

-4.39%

-17.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.06%

0.48%

+2.58%

Volatility

IUSG vs. AFRAX - Volatility Comparison

iShares Core S&P U.S. Growth ETF (IUSG) has a higher volatility of 4.23% compared to Invesco Floating Rate ESG Fund (AFRAX) at 1.07%. This indicates that IUSG's price experiences larger fluctuations and is considered to be riskier than AFRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUSGAFRAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

1.07%

+3.16%

Volatility (6M)

Calculated over the trailing 6-month period

12.23%

2.11%

+10.12%

Volatility (1Y)

Calculated over the trailing 1-year period

15.72%

2.78%

+12.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.87%

3.22%

+17.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.40%

3.74%

+16.66%

IUSG vs. AFRAX - Expense Ratio Comparison

IUSG has a 0.04% expense ratio, which is lower than AFRAX's 1.04% expense ratio.

Dividends

IUSG vs. AFRAX - Dividend Comparison

IUSG's dividend yield for the trailing twelve months is around 0.47%, less than AFRAX's 7.75% yield.

PositionTTM20252024202320222021202020192018201720162015
AFRAX
Invesco Floating Rate ESG Fund		7.75%8.06%8.39%7.85%7.03%3.84%4.13%5.52%4.59%4.04%4.01%5.23%
IUSG
iShares Core S&P U.S. Growth ETF		0.47%0.53%0.59%1.12%1.07%0.59%0.93%1.64%1.32%1.28%1.48%1.29%

Frequently Asked Questions

IUSG and AFRAX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IUSG has higher volatility (4.23%) compared to AFRAX (1.07%). In terms of maximum drawdown, IUSG dropped -63.41% vs AFRAX's -37.60%.

IUSG currently has the higher Sharpe Ratio (2.17 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.

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