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IVNQX vs. MEIFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVNQX vs. MEIFX

Last updated Jun 25, 2026

IVNQX (Invesco Nasdaq 100 Index Fund) and MEIFX (Meridian Enhanced Equity Fund) are both Large Cap Growth Equities funds. Over the past 5 years, IVNQX returned 16.07%/yr vs 5.81%/yr for MEIFX. A 0.67 correlation means they provide meaningful diversification when combined. IVNQX charges 0.29%/yr vs 1.20%/yr for MEIFX.

Performance

IVNQX vs. MEIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq 100 Index Fund (IVNQX) and Meridian Enhanced Equity Fund (MEIFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVNQX achieves a 16.42% return, which is significantly higher than MEIFX's 4.13% return.

IVNQX

1D
-3.29%
1M
-0.42%
YTD
16.42%
6M
14.58%
1Y
32.69%
3Y*
25.96%
5Y*
16.07%
10Y*
—

MEIFX

1D
-0.07%
1M
0.07%
YTD
4.13%
6M
3.41%
1Y
6.38%
3Y*
11.12%
5Y*
5.81%
10Y*
14.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVNQX vs. MEIFX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IVNQX
Invesco Nasdaq 100 Index Fund		16.42%20.77%25.43%54.62%-32.05%26.75%8.46%
MEIFX
Meridian Enhanced Equity Fund		4.13%6.51%13.19%18.96%-16.43%15.15%7.22%

Correlation

The correlation between IVNQX and MEIFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.51

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

0.66

Correlation (All Time)
Calculated using the full available price history since Oct 15, 2020

0.67

Over the past year, the correlation between IVNQX and MEIFX has dropped to 0.42 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

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Invesco Nasdaq 100 Index Fund

Meridian Enhanced Equity Fund

Often compared with IVNQX:
IVNQX vs. QQQIVNQX vs. USNQXIVNQX vs. QQQMIVNQX vs. FVIAXIVNQX vs. SWLSXIVNQX vs. VITAXIVNQX vs. VIGAX
Often compared with MEIFX:
MEIFX vs. FNCMXMEIFX vs. USGLXMEIFX vs. ITHAXMEIFX vs. SEQUXMEIFX vs. ADXMEIFX vs. ALARXMEIFX vs. PRGFX

Return for Risk

IVNQX vs. MEIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVNQX
IVNQX Risk / Return Rank: 5353
Overall Rank
IVNQX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
IVNQX Sortino Ratio Rank: 4444
Sortino Ratio Rank
IVNQX Omega Ratio Rank: 4747
Omega Ratio Rank
IVNQX Calmar Ratio Rank: 6565
Calmar Ratio Rank
IVNQX Martin Ratio Rank: 5858
Martin Ratio Rank
MEIFX
MEIFX Risk / Return Rank: 1515
Overall Rank
MEIFX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
MEIFX Sortino Ratio Rank: 1010
Sortino Ratio Rank
MEIFX Omega Ratio Rank: 1010
Omega Ratio Rank
MEIFX Calmar Ratio Rank: 2121
Calmar Ratio Rank
MEIFX Martin Ratio Rank: 2121
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.

IVNQX vs. MEIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) and Meridian Enhanced Equity Fund (MEIFX). 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.

IVNQXMEIFXDifference
Sharpe ratioReturn per unit of total volatility
1.95
0.75

+1.19

Sortino ratioReturn per unit of downside risk
2.56
1.11

+1.44

Omega ratioGain probability vs. loss probability

1.34

1.13

+0.21

Calmar ratioReturn relative to maximum drawdown

2.93

1.51

+1.43

Martin ratioReturn relative to average drawdown

10.87

4.70

+6.18

IVNQX vs. MEIFX - Sharpe Ratio Comparison

The current IVNQX Sharpe Ratio is 1.95, which is higher than the MEIFX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of IVNQX and MEIFX, 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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Drawdowns

IVNQX vs. MEIFX - Drawdown Comparison

The maximum IVNQX drawdown since its inception was -34.83%, smaller than the maximum MEIFX drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for IVNQX and MEIFX.

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Drawdown Indicators

IVNQXMEIFXDifference

Max Drawdown

Largest peak-to-trough decline

-34.83%

-54.37%

+19.54%

Max Drawdown (1Y)

Largest decline over 1 year

-11.95%

-4.80%

-7.15%

Max Drawdown (3Y)

Largest decline over 3 years

-22.70%

-19.30%

-3.40%

Max Drawdown (5Y)

Largest decline over 5 years

-34.83%

-23.54%

-11.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.67%

—

Current Drawdown

Current decline from peak

-4.24%

-2.03%

-2.21%

Average Drawdown

Average peak-to-trough decline

-8.17%

-7.71%

-0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

1.53%

+1.68%

Volatility

IVNQX vs. MEIFX - Volatility Comparison

Invesco Nasdaq 100 Index Fund (IVNQX) has a higher volatility of 9.05% compared to Meridian Enhanced Equity Fund (MEIFX) at 3.95%. This indicates that IVNQX's price experiences larger fluctuations and is considered to be riskier than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVNQXMEIFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.05%

3.95%

+5.10%

Volatility (6M)

Calculated over the trailing 6-month period

14.59%

6.91%

+7.68%

Volatility (1Y)

Calculated over the trailing 1-year period

18.04%

9.64%

+8.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.79%

15.97%

+6.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.58%

17.96%

+4.62%

IVNQX vs. MEIFX - Expense Ratio Comparison

IVNQX has a 0.29% expense ratio, which is lower than MEIFX's 1.20% expense ratio.

Dividends

IVNQX vs. MEIFX - Dividend Comparison

IVNQX's dividend yield for the trailing twelve months is around 1.12%, less than MEIFX's 6.96% yield.

PositionTTM20252024202320222021202020192018201720162015
IVNQX
Invesco Nasdaq 100 Index Fund		1.12%1.31%0.72%0.54%0.73%0.84%0.19%0.00%0.00%0.00%0.00%0.00%
MEIFX
Meridian Enhanced Equity Fund		6.96%7.25%14.61%0.61%9.28%25.44%13.26%40.49%11.67%1.18%0.78%4.24%

Frequently Asked Questions

IVNQX and MEIFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVNQX has higher volatility (9.05%) compared to MEIFX (3.95%). In terms of maximum drawdown, IVNQX dropped -34.83% vs MEIFX's -54.37%.

IVNQX currently has the higher Sharpe Ratio (1.95 vs 0.75), 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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