OPATX vs. ACEIX
Compare and contrast key facts about Invesco Pennsylvania Municipal Fund (OPATX) and Invesco Equity and Income Fund (ACEIX).
OPATX is managed by Invesco. It was launched on Sep 17, 1989. ACEIX is managed by Invesco. It was launched on Aug 2, 1960.
Performance
OPATX vs. ACEIX - Performance Comparison
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OPATX vs. ACEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPATX Invesco Pennsylvania Municipal Fund | -1.79% | 2.66% | 3.25% | 5.69% | -10.34% | 4.40% | 5.23% | 11.84% | 11.32% | 0.14% |
ACEIX Invesco Equity and Income Fund | -1.20% | 12.85% | 11.77% | 10.08% | -7.75% | 18.02% | 9.96% | 19.17% | -9.74% | 10.86% |
Returns By Period
In the year-to-date period, OPATX achieves a -1.79% return, which is significantly lower than ACEIX's -1.20% return. Over the past 10 years, OPATX has underperformed ACEIX with an annualized return of 3.32%, while ACEIX has yielded a comparatively higher 8.47% annualized return.
OPATX
- 1D
- 0.20%
- 1M
- -2.94%
- YTD
- -1.79%
- 6M
- -0.93%
- 1Y
- 0.45%
- 3Y*
- 2.46%
- 5Y*
- 0.43%
- 10Y*
- 3.32%
ACEIX
- 1D
- -0.37%
- 1M
- -5.34%
- YTD
- -1.20%
- 6M
- 2.41%
- 1Y
- 11.40%
- 3Y*
- 11.00%
- 5Y*
- 6.63%
- 10Y*
- 8.47%
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OPATX vs. ACEIX - Expense Ratio Comparison
OPATX has a 0.89% expense ratio, which is higher than ACEIX's 0.78% expense ratio.
Return for Risk
OPATX vs. ACEIX — Risk / Return Rank
OPATX
ACEIX
OPATX vs. ACEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Pennsylvania Municipal Fund (OPATX) 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.
| OPATX | ACEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.19 | 1.05 | -0.86 |
Sortino ratioReturn per unit of downside risk | 0.31 | 1.47 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.23 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.21 | -1.22 |
Martin ratioReturn relative to average drawdown | -0.02 | 5.18 | -5.20 |
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
| OPATX | ACEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.05 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.60 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.66 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.71 | +0.39 |
Correlation
The correlation between OPATX and ACEIX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OPATX vs. ACEIX - Dividend Comparison
OPATX's dividend yield for the trailing twelve months is around 2.84%, less than ACEIX's 6.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPATX Invesco Pennsylvania Municipal Fund | 2.84% | 4.85% | 4.27% | 3.04% | 2.69% | 3.08% | 3.25% | 3.47% | 3.59% | 5.21% | 5.68% | 5.83% |
ACEIX Invesco Equity and Income Fund | 6.98% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
Drawdowns
OPATX vs. ACEIX - Drawdown Comparison
The maximum OPATX drawdown since its inception was -38.22%, roughly equal to the maximum ACEIX drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for OPATX and ACEIX.
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Drawdown Indicators
| OPATX | ACEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.22% | -40.08% | +1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.94% | -8.63% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -15.53% | -16.73% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -15.53% | -30.80% | +15.27% |
Current DrawdownCurrent decline from peak | -2.94% | -5.50% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -4.63% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.01% | +0.37% |
Volatility
OPATX vs. ACEIX - Volatility Comparison
The current volatility for Invesco Pennsylvania Municipal Fund (OPATX) is 1.49%, while Invesco Equity and Income Fund (ACEIX) has a volatility of 2.88%. This indicates that OPATX experiences smaller price fluctuations and is considered to be less risky than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPATX | ACEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 2.88% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 6.13% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.80% | 11.63% | -3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 11.13% | -6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 12.84% | -8.08% |