MIGYX vs. IICAX

Last updated Jun 4, 2026

MIGYX (Invesco Main Street Fund Class Y) and IICAX (Asset Management Fund Large Cap Equity Fund) are both Large Cap Blend Equities funds. Over the past 10 years, MIGYX returned 12.09%/yr vs 11.53%/yr for IICAX. Their correlation of 0.88 suggests significant overlap in exposure. MIGYX charges 0.56%/yr vs 1.71%/yr for IICAX.

Performance

MIGYX vs. IICAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Main Street Fund Class Y (MIGYX) and Asset Management Fund Large Cap Equity Fund (IICAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIGYX achieves a 6.11% return, which is significantly lower than IICAX's 8.60% return. Both investments have delivered pretty close results over the past 10 years, with MIGYX having a 12.09% annualized return and IICAX not far behind at 11.53%.

MIGYX

• 1D: 0.03%
• 1M: 3.58%
• YTD: 6.11%
• 6M: 6.17%
• 1Y: 20.56%
• 3Y*: 18.39%
• 5Y*: 11.00%
• 10Y*: 12.09%

IICAX

• 1D: 0.65%
• 1M: 2.49%
• YTD: 8.60%
• 6M: 8.30%
• 1Y: 21.66%
• 3Y*: 17.60%
• 5Y*: 12.53%
• 10Y*: 11.53%

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

MIGYX vs. IICAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIGYX Invesco Main Street Fund Class Y	6.11%	16.31%	23.93%	23.33%	-20.02%	27.65%	14.68%	22.67%	-8.04%	17.04%
IICAX Asset Management Fund Large Cap Equity Fund	8.60%	12.59%	18.66%	21.70%	-12.87%	33.00%	11.90%	26.48%	-6.25%	-0.30%

Correlation

The correlation between MIGYX and IICAX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 1, 1996	0.88

The correlation between MIGYX and IICAX shifts across timeframes, from 0.73 (1 year) to 0.89 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MIGYX vs. IICAX — Risk / Return Rank

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

MIGYX

MIGYX Risk / Return Rank: 42
MIGYX Sharpe Ratio Rank: 44
MIGYX Sortino Ratio Rank: 45
MIGYX Omega Ratio Rank: 43
MIGYX Calmar Ratio Rank: 34
MIGYX Martin Ratio Rank: 42

IICAX

IICAX Risk / Return Rank: 61
IICAX Sharpe Ratio Rank: 56
IICAX Sortino Ratio Rank: 55
IICAX Omega Ratio Rank: 53
IICAX Calmar Ratio Rank: 68
IICAX Martin Ratio Rank: 72

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.

MIGYX vs. IICAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Main Street Fund Class Y (MIGYX) and Asset Management Fund Large Cap Equity Fund (IICAX). 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.

	MIGYX	IICAX	Difference
Sharpe ratio Return per unit of total volatility	1.95	2.21	-0.26
Sortino ratio Return per unit of downside risk	2.82	3.12	-0.30
Omega ratio Gain probability vs. loss probability	1.36	1.40	-0.05
Calmar ratio Return relative to maximum drawdown	2.19	3.18	-0.99
Martin ratio Return relative to average drawdown	9.00	13.77	-4.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIGYX vs. IICAX - Sharpe Ratio Comparison

The current MIGYX Sharpe Ratio is 1.95, which is comparable to the IICAX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of MIGYX and IICAX, 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

	MIGYX	IICAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.21	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.79	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.53	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.02	+0.43

Drawdowns

MIGYX vs. IICAX - Drawdown Comparison

The maximum MIGYX drawdown since its inception was -56.98%, smaller than the maximum IICAX drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for MIGYX and IICAX.

Drawdown Indicators

	MIGYX	IICAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.98%	-96.26%	+39.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	-7.25%	-3.62%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	-17.69%	-2.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.59%	-22.79%	-3.80%
Max Drawdown (10Y) Largest decline over 10 years	-35.48%	-39.01%	+3.53%
Current Drawdown Current decline from peak	-0.38%	-67.51%	+67.13%
Average Drawdown Average peak-to-trough decline	-10.61%	-68.17%	+57.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	1.66%	+0.86%

Volatility

MIGYX vs. IICAX - Volatility Comparison

Invesco Main Street Fund Class Y (MIGYX) and Asset Management Fund Large Cap Equity Fund (IICAX) have volatilities of 2.65% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIGYX	IICAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.60%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	8.02%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	10.46%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	15.93%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	21.91%	-4.01%

MIGYX vs. IICAX - Expense Ratio Comparison

MIGYX has a 0.56% expense ratio, which is lower than IICAX's 1.71% expense ratio.

Dividends

MIGYX vs. IICAX - Dividend Comparison

MIGYX's dividend yield for the trailing twelve months is around 7.37%, less than IICAX's 10.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IICAX Asset Management Fund Large Cap Equity Fund	10.36%	11.22%	6.32%	9.33%	9.58%	5.38%	3.83%	5.15%	13.41%	0.85%	30.91%	8.23%
MIGYX Invesco Main Street Fund Class Y	7.37%	7.82%	6.36%	7.51%	5.01%	19.63%	3.23%	0.98%	20.13%	7.80%	3.22%	14.18%

Frequently Asked Questions

Can I hold both MIGYX and IICAX in my portfolio?

MIGYX and IICAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIGYX or IICAX?

MIGYX has higher volatility (2.65%) compared to IICAX (2.60%). In terms of maximum drawdown, MIGYX dropped -56.98% vs IICAX's -96.26%.

Which has better risk-adjusted returns?

IICAX currently has the higher Sharpe Ratio (2.21 vs 1.95), 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.