PIYFX vs. CONWX

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Multi-Asset Income Fund (PIYFX) and Concorde Wealth Management Fund (CONWX).

PIYFX is managed by Invesco. It was launched on Dec 13, 2011. CONWX is managed by BlackRock. It was launched on Dec 3, 1987.

Performance

PIYFX vs. CONWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Multi-Asset Income Fund (PIYFX) and Concorde Wealth Management Fund (CONWX). The values are adjusted to include any dividend payments, if applicable.

PIYFX vs. CONWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIYFX Invesco Multi-Asset Income Fund	-2.09%	10.87%	6.92%	10.87%	-16.93%	6.17%	-4.31%	16.33%	-4.96%	10.99%
CONWX Concorde Wealth Management Fund	8.18%	11.95%	13.58%	0.20%	-2.51%	19.73%	8.76%	16.84%	-1.95%	7.17%

Returns By Period

In the year-to-date period, PIYFX achieves a -2.09% return, which is significantly lower than CONWX's 8.18% return. Over the past 10 years, PIYFX has underperformed CONWX with an annualized return of 3.86%, while CONWX has yielded a comparatively higher 8.62% annualized return.

PIYFX

• 1D: 0.26%
• 1M: -5.25%
• YTD: -2.09%
• 6M: -0.23%
• 1Y: 7.05%
• 3Y*: 7.34%
• 5Y*: 2.50%
• 10Y*: 3.86%

CONWX

• 1D: -0.62%
• 1M: -1.70%
• YTD: 8.18%
• 6M: 11.51%
• 1Y: 17.28%
• 3Y*: 12.45%
• 5Y*: 7.53%
• 10Y*: 8.62%

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

PIYFX vs. CONWX - Expense Ratio Comparison

PIYFX has a 0.59% expense ratio, which is lower than CONWX's 1.41% expense ratio.

CONWX

Concorde Wealth Management Fund

PIYFX

Invesco Multi-Asset Income Fund

Return for Risk

PIYFX vs. CONWX — Risk / Return Rank

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

PIYFX

PIYFX Risk / Return Rank: 45
PIYFX Sharpe Ratio Rank: 46
PIYFX Sortino Ratio Rank: 44
PIYFX Omega Ratio Rank: 47
PIYFX Calmar Ratio Rank: 43
PIYFX Martin Ratio Rank: 47

CONWX

CONWX Risk / Return Rank: 87
CONWX Sharpe Ratio Rank: 86
CONWX Sortino Ratio Rank: 87
CONWX Omega Ratio Rank: 87
CONWX Calmar Ratio Rank: 82
CONWX Martin Ratio Rank: 92

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.

PIYFX vs. CONWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Multi-Asset Income Fund (PIYFX) and Concorde Wealth Management Fund (CONWX). 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.

	PIYFX	CONWX	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.70	-0.77
Sortino ratio Return per unit of downside risk	1.34	2.36	-1.02
Omega ratio Gain probability vs. loss probability	1.20	1.37	-0.17
Calmar ratio Return relative to maximum drawdown	1.10	1.99	-0.89
Martin ratio Return relative to average drawdown	4.76	11.30	-6.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIYFX vs. CONWX - Sharpe Ratio Comparison

The current PIYFX Sharpe Ratio is 0.93, which is lower than the CONWX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of PIYFX and CONWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PIYFX	CONWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.70	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.74	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.78	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.78	-0.22

Correlation

The correlation between PIYFX and CONWX is 0.61, 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

PIYFX vs. CONWX - Dividend Comparison

PIYFX's dividend yield for the trailing twelve months is around 6.57%, more than CONWX's 3.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIYFX Invesco Multi-Asset Income Fund	6.57%	6.14%	6.90%	7.07%	7.35%	6.21%	6.04%	5.13%	5.74%	5.82%	4.94%	5.37%
CONWX Concorde Wealth Management Fund	3.41%	3.69%	10.55%	2.16%	7.85%	3.63%	3.86%	2.16%	5.09%	2.48%	0.00%	0.00%

Drawdowns

PIYFX vs. CONWX - Drawdown Comparison

The maximum PIYFX drawdown since its inception was -30.39%, which is greater than CONWX's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for PIYFX and CONWX.

Drawdown Indicators

	PIYFX	CONWX	Difference
Max Drawdown Largest peak-to-trough decline	-30.39%	-26.09%	-4.30%
Max Drawdown (1Y) Largest decline over 1 year	-6.14%	-8.60%	+2.46%
Max Drawdown (5Y) Largest decline over 5 years	-20.01%	-12.49%	-7.52%
Max Drawdown (10Y) Largest decline over 10 years	-30.39%	-26.09%	-4.30%
Current Drawdown Current decline from peak	-5.25%	-2.03%	-3.22%
Average Drawdown Average peak-to-trough decline	-4.12%	-2.78%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.52%	-0.09%

Volatility

PIYFX vs. CONWX - Volatility Comparison

Invesco Multi-Asset Income Fund (PIYFX) has a higher volatility of 3.03% compared to Concorde Wealth Management Fund (CONWX) at 2.12%. This indicates that PIYFX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIYFX	CONWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	2.12%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	4.66%	5.43%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	7.93%	10.70%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.93%	10.26%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.49%	11.15%	-2.66%