MDCEX vs. ABRZX
Compare and contrast key facts about Matisse Discounted Closed-End Fund Strategy (MDCEX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX).
MDCEX is managed by Matisse Funds. It was launched on Oct 30, 2012. ABRZX is an actively managed fund by Invesco. It was launched on Jun 2, 2009.
Performance
MDCEX vs. ABRZX - Performance Comparison
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MDCEX vs. ABRZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDCEX Matisse Discounted Closed-End Fund Strategy | -2.76% | 28.05% | 14.98% | 23.93% | -6.59% | 12.61% | -6.12% | 25.56% | -9.04% | 20.71% |
ABRZX Invesco Balanced-Risk Allocation Fund Class A | 12.62% | 8.20% | 3.14% | 5.97% | -14.96% | 9.36% | 9.20% | 9.43% | -7.01% | 9.80% |
Returns By Period
In the year-to-date period, MDCEX achieves a -2.76% return, which is significantly lower than ABRZX's 12.62% return. Over the past 10 years, MDCEX has outperformed ABRZX with an annualized return of 10.41%, while ABRZX has yielded a comparatively lower 4.77% annualized return.
MDCEX
- 1D
- 2.23%
- 1M
- -5.43%
- YTD
- -2.76%
- 6M
- -0.66%
- 1Y
- 20.58%
- 3Y*
- 18.88%
- 5Y*
- 10.87%
- 10Y*
- 10.41%
ABRZX
- 1D
- 0.88%
- 1M
- -0.54%
- YTD
- 12.62%
- 6M
- 14.51%
- 1Y
- 19.25%
- 3Y*
- 9.10%
- 5Y*
- 4.04%
- 10Y*
- 4.77%
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MDCEX vs. ABRZX - Expense Ratio Comparison
MDCEX has a 1.25% expense ratio, which is lower than ABRZX's 1.41% expense ratio.
Return for Risk
MDCEX vs. ABRZX — Risk / Return Rank
MDCEX
ABRZX
MDCEX vs. ABRZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matisse Discounted Closed-End Fund Strategy (MDCEX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). 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.
| MDCEX | ABRZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.17 | -0.59 |
Sortino ratioReturn per unit of downside risk | 2.02 | 2.80 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.81 | -0.87 |
Martin ratioReturn relative to average drawdown | 7.52 | 11.25 | -3.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDCEX | ABRZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.17 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.33 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.44 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.59 | +0.02 |
Correlation
The correlation between MDCEX and ABRZX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MDCEX vs. ABRZX - Dividend Comparison
MDCEX's dividend yield for the trailing twelve months is around 11.90%, more than ABRZX's 3.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDCEX Matisse Discounted Closed-End Fund Strategy | 11.90% | 11.38% | 12.11% | 8.00% | 9.10% | 41.90% | 10.81% | 10.09% | 17.17% | 2.33% | 3.30% | 9.38% |
ABRZX Invesco Balanced-Risk Allocation Fund Class A | 3.00% | 3.38% | 13.28% | 2.21% | 0.00% | 26.02% | 1.18% | 6.49% | 0.00% | 6.43% | 4.41% | 6.91% |
Drawdowns
MDCEX vs. ABRZX - Drawdown Comparison
The maximum MDCEX drawdown since its inception was -48.68%, which is greater than ABRZX's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for MDCEX and ABRZX.
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Drawdown Indicators
| MDCEX | ABRZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -26.62% | -22.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -6.90% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -19.33% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -48.68% | -26.62% | -22.06% |
Current DrawdownCurrent decline from peak | -6.81% | -1.50% | -5.31% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -4.79% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.72% | +0.84% |
Volatility
MDCEX vs. ABRZX - Volatility Comparison
Matisse Discounted Closed-End Fund Strategy (MDCEX) has a higher volatility of 6.19% compared to Invesco Balanced-Risk Allocation Fund Class A (ABRZX) at 4.07%. This indicates that MDCEX's price experiences larger fluctuations and is considered to be riskier than ABRZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDCEX | ABRZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 4.07% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 7.59% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.29% | 9.37% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 12.17% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 10.88% | +4.49% |