LCEAX vs. SABTX

Last updated Jun 5, 2026

LCEAX (Invesco Diversified Dividend Fund) and SABTX (SA U.S. Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, LCEAX returned 8.58%/yr vs 11.49%/yr for SABTX. Their correlation of 0.91 suggests significant overlap in exposure. LCEAX charges 0.81%/yr vs 0.73%/yr for SABTX.

Performance

LCEAX vs. SABTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Diversified Dividend Fund (LCEAX) and SA U.S. Value Fund (SABTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCEAX achieves a 4.51% return, which is significantly lower than SABTX's 17.56% return. Over the past 10 years, LCEAX has underperformed SABTX with an annualized return of 8.58%, while SABTX has yielded a comparatively higher 11.49% annualized return.

LCEAX

• 1D: -0.10%
• 1M: 0.42%
• YTD: 4.51%
• 6M: 5.43%
• 1Y: 17.39%
• 3Y*: 14.21%
• 5Y*: 8.38%
• 10Y*: 8.58%

SABTX

• 1D: -0.14%
• 1M: 5.13%
• YTD: 17.56%
• 6M: 19.30%
• 1Y: 37.60%
• 3Y*: 19.86%
• 5Y*: 10.61%
• 10Y*: 11.49%

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

LCEAX vs. SABTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCEAX Invesco Diversified Dividend Fund	4.51%	15.56%	13.09%	8.88%	-1.67%	18.98%	0.10%	25.05%	-7.84%	7.49%
SABTX SA U.S. Value Fund	17.56%	17.69%	11.32%	11.82%	-6.35%	27.06%	-2.04%	24.85%	-12.14%	18.45%

Correlation

The correlation between LCEAX and SABTX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 4, 2002	0.91

The correlation between LCEAX and SABTX shifts across timeframes, from 0.76 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCEAX vs. SABTX — Risk / Return Rank

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

LCEAX

LCEAX Risk / Return Rank: 37
LCEAX Sharpe Ratio Rank: 37
LCEAX Sortino Ratio Rank: 37
LCEAX Omega Ratio Rank: 35
LCEAX Calmar Ratio Rank: 37
LCEAX Martin Ratio Rank: 39

SABTX

SABTX Risk / Return Rank: 94
SABTX Sharpe Ratio Rank: 96
SABTX Sortino Ratio Rank: 95
SABTX Omega Ratio Rank: 88
SABTX Calmar Ratio Rank: 96
SABTX Martin Ratio Rank: 96

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.

LCEAX vs. SABTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Diversified Dividend Fund (LCEAX) and SA U.S. Value Fund (SABTX). 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.

	LCEAX	SABTX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	3.57	-1.84
Sortino ratio: Return per unit of downside risk	2.53	5.05	-2.52
Omega ratio: Gain probability vs. loss probability	1.31	1.63	-0.32
Calmar ratio: Return relative to maximum drawdown	2.28	6.52	-4.24
Martin ratio: Return relative to average drawdown	8.49	23.58	-15.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCEAX vs. SABTX - Sharpe Ratio Comparison

The current LCEAX Sharpe Ratio is 1.74, which is lower than the SABTX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of LCEAX and SABTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LCEAX	SABTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	3.57	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.67	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.61	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.37	+0.12

Drawdowns

LCEAX vs. SABTX - Drawdown Comparison

The maximum LCEAX drawdown since its inception was -50.30%, smaller than the maximum SABTX drawdown of -66.96%. Use the drawdown chart below to compare losses from any high point for LCEAX and SABTX.

Drawdown Indicators

	LCEAX	SABTX	Difference
Max Drawdown Largest peak-to-trough decline	-50.30%	-66.96%	+16.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.50%	-6.36%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-16.63%	+2.60%
Max Drawdown (5Y) Largest decline over 5 years	-16.10%	-20.42%	+4.32%
Max Drawdown (10Y) Largest decline over 10 years	-36.16%	-42.00%	+5.84%
Current Drawdown Current decline from peak	-1.72%	-0.14%	-1.58%
Average Drawdown Average peak-to-trough decline	-5.64%	-11.32%	+5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.72%	+0.29%

Volatility

LCEAX vs. SABTX - Volatility Comparison

The current volatility for Invesco Diversified Dividend Fund (LCEAX) is 2.51%, while SA U.S. Value Fund (SABTX) has a volatility of 2.92%. This indicates that LCEAX experiences smaller price fluctuations and is considered to be less risky than SABTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCEAX	SABTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	2.92%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	8.31%	-0.73%
Volatility (1Y) Calculated over the trailing 1-year period	9.85%	11.63%	-1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.67%	16.37%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	19.16%	-3.80%

LCEAX vs. SABTX - Expense Ratio Comparison

LCEAX has a 0.81% expense ratio, which is higher than SABTX's 0.73% expense ratio.

Dividends

LCEAX vs. SABTX - Dividend Comparison

LCEAX's dividend yield for the trailing twelve months is around 12.04%, more than SABTX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCEAX Invesco Diversified Dividend Fund	12.04%	12.54%	12.00%	7.87%	12.23%	18.25%	3.76%	5.02%	7.74%	1.86%	3.51%	5.89%
SABTX SA U.S. Value Fund	3.30%	3.88%	2.60%	1.67%	7.66%	4.25%	1.52%	5.14%	9.80%	10.36%	5.08%	6.83%

Frequently Asked Questions

Can I hold both LCEAX and SABTX in my portfolio?

LCEAX and SABTX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCEAX or SABTX?

SABTX has higher volatility (2.92%) compared to LCEAX (2.51%). In terms of maximum drawdown, LCEAX dropped -50.30% vs SABTX's -66.96%.

Which has better risk-adjusted returns?

SABTX currently has the higher Sharpe Ratio (3.57 vs 1.74), 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.