IVNQX vs. SPMPX
IVNQX (Invesco Nasdaq 100 Index Fund) and SPMPX (Invesco SteelPath MLP Alpha Plus Fund Class R5) are both mutual funds - IVNQX is a Large Cap Growth Equities fund tracking the Nasdaq-100 Index, while SPMPX is a Energy Equities fund actively managed by Invesco. IVNQX is passively managed, while SPMPX is actively managed. Over the past 5 years, IVNQX returned 14.28%/yr vs 30.39%/yr for SPMPX. Their 0.26 correlation means their historical movements had little consistent relationship. IVNQX charges 0.29%/yr vs 7.73%/yr for SPMPX.
Performance
IVNQX vs. SPMPX - Performance Comparison
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Returns By Period
In the year-to-date period, IVNQX achieves a 12.16% return, which is significantly lower than SPMPX's 32.67% return.
IVNQX
- 1D
- 0.59%
- 1M
- -3.59%
- 6M
- 10.05%
- YTD
- 12.16%
- 1Y
- 24.62%
- 3Y*
- 22.18%
- 5Y*
- 14.28%
- 10Y*
- —
- ALL TIME*
- 16.77%
SPMPX
- 1D
- 1.03%
- 1M
- 5.86%
- 6M
- 23.49%
- YTD
- 32.67%
- 1Y
- 34.17%
- 3Y*
- 30.43%
- 5Y*
- 30.39%
- 10Y*
- —
- ALL TIME*
- 14.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IVNQX vs. SPMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 12.16% | 20.77% | 25.43% | 54.62% | -32.05% | 26.75% | 8.46% |
SPMPX Invesco SteelPath MLP Alpha Plus Fund Class R5 | 32.67% | 4.59% | 47.63% | 25.49% | 38.13% | 56.29% | 21.46% |
Correlation
The correlation between IVNQX and SPMPX is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.26 |
The correlation between IVNQX and SPMPX shifts across timeframes, from -0.13 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVNQX vs. SPMPX — Risk / Return Rank
IVNQX
SPMPX
IVNQX vs. SPMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq 100 Index Fund (IVNQX) and Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX). 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.
| IVNQX | SPMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.89 | -2.02 |
| Martin ratioReturn relative to average drawdown | 5.97 | 9.36 | -3.39 |
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Drawdowns
IVNQX vs. SPMPX - Drawdown Comparison
The maximum IVNQX drawdown since its inception was -34.83%, smaller than the maximum SPMPX drawdown of -81.60%. Use the drawdown chart below to compare losses from any high point for IVNQX and SPMPX.
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Drawdown Indicators
| IVNQX | SPMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.83% | -81.60% | +46.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -8.35% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -19.53% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -27.12% | -7.71% |
Current DrawdownCurrent decline from peak | -7.74% | -1.01% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -16.63% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 3.61% | +0.12% |
Volatility
IVNQX vs. SPMPX - Volatility Comparison
Invesco Nasdaq 100 Index Fund (IVNQX) has a higher volatility of 6.81% compared to Invesco SteelPath MLP Alpha Plus Fund Class R5 (SPMPX) at 5.34%. This indicates that IVNQX's price experiences larger fluctuations and is considered to be riskier than SPMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVNQX | SPMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 5.34% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 12.93% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.39% | 16.67% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 24.59% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 38.44% | -15.84% |
IVNQX vs. SPMPX - Expense Ratio Comparison
IVNQX has a 0.29% expense ratio, which is lower than SPMPX's 7.73% expense ratio.
Dividends
IVNQX vs. SPMPX - Dividend Comparison
IVNQX's dividend yield for the trailing twelve months is around 1.17%, less than SPMPX's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IVNQX Invesco Nasdaq 100 Index Fund | 1.17% | 1.31% | 0.72% | 0.54% | 0.73% | 0.84% | 0.19% | 0.00% |
SPMPX Invesco SteelPath MLP Alpha Plus Fund Class R5 | 4.64% | 5.55% | 4.32% | 5.81% | 6.70% | 9.04% | 22.32% | 8.34% |
Frequently Asked Questions
IVNQX and SPMPX 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.
IVNQX has higher volatility (6.81%) compared to SPMPX (5.34%). In terms of maximum drawdown, IVNQX dropped -34.83% vs SPMPX's -81.60%.
SPMPX currently has the higher Sharpe Ratio (1.95 vs 1.15), 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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