OARDX vs. ACEIX

Last updated Aug 1, 2026

OARDX (Invesco Rising Dividends Fund) and ACEIX (Invesco Equity and Income Fund) are both mutual funds - OARDX is a Large Cap Blend Equities fund managed by Invesco, while ACEIX is a Diversified Portfolio fund managed by Invesco. Over the past 10 years, OARDX returned 12.38%/yr vs 8.77%/yr for ACEIX. Their correlation of 0.87 means they have usually moved in the same direction. OARDX charges 1.00%/yr vs 0.78%/yr for ACEIX.

Performance

OARDX vs. ACEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Rising Dividends Fund (OARDX) and Invesco Equity and Income Fund (ACEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OARDX having a 7.17% return and ACEIX slightly lower at 7.11%. Over the past 10 years, OARDX has outperformed ACEIX with an annualized return of 12.38%, while ACEIX has yielded a comparatively lower 8.77% annualized return.

OARDX

• 1D: 0.99%
• 1M: 0.49%
• 6M: 5.54%
• YTD: 7.17%
• 1Y: 16.57%
• 3Y*: 15.32%
• 5Y*: 10.90%
• 10Y*: 12.38%
• ALL TIME*: 12.19%

ACEIX

• 1D: 0.78%
• 1M: 0.17%
• 6M: 4.45%
• YTD: 7.11%
• 1Y: 15.01%
• 3Y*: 11.87%
• 5Y*: 7.42%
• 10Y*: 8.77%
• ALL TIME*: 8.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACEIX Invesco Equity and Income Fund	$0.00	$0.00	$0.00
OARDX Invesco Rising Dividends Fund	$0.00	$0.00	$0.00

OARDX vs. ACEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OARDX Invesco Rising Dividends Fund	7.17%	17.43%	19.40%	17.73%	-12.68%	26.52%	13.34%	29.59%	-6.55%	17.48%
ACEIX Invesco Equity and Income Fund	7.11%	12.85%	11.77%	10.08%	-7.75%	18.02%	9.96%	19.17%	-9.74%	10.86%

Correlation

The correlation between OARDX and ACEIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Jan 2, 1986	0.87

The correlation between OARDX and ACEIX shifts across timeframes, from 0.75 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OARDX vs. ACEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OARDX

OARDX Risk / Return Rank: 51
OARDX Sharpe Ratio Rank: 53
OARDX Sortino Ratio Rank: 57
OARDX Omega Ratio Rank: 51
OARDX Calmar Ratio Rank: 41
OARDX Martin Ratio Rank: 53

ACEIX

ACEIX Risk / Return Rank: 74
ACEIX Sharpe Ratio Rank: 71
ACEIX Sortino Ratio Rank: 70
ACEIX Omega Ratio Rank: 69
ACEIX Calmar Ratio Rank: 77
ACEIX Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OARDX vs. ACEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Rising Dividends Fund (OARDX) and Invesco Equity and Income Fund (ACEIX). 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.

	OARDX	ACEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.63	-0.24
Sortino ratio: Return per unit of downside risk	2.08	2.33	-0.25
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	1.68	2.46	-0.79
Martin ratio: Return relative to average drawdown	7.23	10.19	-2.97

OARDX vs. ACEIX - Sharpe Ratio Comparison

The current OARDX Sharpe Ratio is 1.39, which is comparable to the ACEIX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of OARDX and ACEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OARDX vs. ACEIX - Drawdown Comparison

The maximum OARDX drawdown since its inception was -69.57%, which is greater than ACEIX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for OARDX and ACEIX.

Drawdown Indicators

	OARDX	ACEIX	Difference
Max Drawdown Largest peak-to-trough decline	-69.57%	-40.08%	-29.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-5.50%	-4.10%
Max Drawdown (3Y) Largest decline over 3 years	-23.45%	-12.40%	-11.05%
Max Drawdown (5Y) Largest decline over 5 years	-23.45%	-16.73%	-6.72%
Max Drawdown (10Y) Largest decline over 10 years	-36.69%	-30.80%	-5.89%
Current Drawdown Current decline from peak	-0.52%	-0.51%	-0.01%
Average Drawdown Average peak-to-trough decline	-16.41%	-4.59%	-11.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	1.34%	+0.79%

Volatility

OARDX vs. ACEIX - Volatility Comparison

Invesco Rising Dividends Fund (OARDX) has a higher volatility of 2.66% compared to Invesco Equity and Income Fund (ACEIX) at 2.18%. This indicates that OARDX's price experiences larger fluctuations and is considered to be riskier than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OARDX	ACEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	2.18%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	6.24%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	11.57%	8.32%	+3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	11.06%	+5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	12.76%	+5.42%

OARDX vs. ACEIX - Expense Ratio Comparison

OARDX has a 1.00% expense ratio, which is higher than ACEIX's 0.78% expense ratio.

Dividends

OARDX vs. ACEIX - Dividend Comparison

OARDX's dividend yield for the trailing twelve months is around 7.48%, more than ACEIX's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEIX Invesco Equity and Income Fund	6.47%	6.87%	8.28%	6.91%	6.65%	13.74%	2.94%	5.53%	8.91%	6.73%	3.94%	5.17%
OARDX Invesco Rising Dividends Fund	7.48%	8.07%	12.72%	7.63%	6.04%	12.60%	2.49%	4.06%	9.13%	10.38%	6.04%	7.42%

Frequently Asked Questions

Can I hold both OARDX and ACEIX in my portfolio?

OARDX and ACEIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OARDX or ACEIX?

OARDX has higher volatility (2.66%) compared to ACEIX (2.18%). In terms of maximum drawdown, OARDX dropped -69.57% vs ACEIX's -40.08%.

Which has better risk-adjusted returns?

ACEIX currently has the higher Sharpe Ratio (1.63 vs 1.39), 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.