QVGIX vs. ACSTX

Last updated Jun 4, 2026

QVGIX (Invesco Global Allocation Fund) and ACSTX (Invesco Comstock Fund) are both mutual funds - QVGIX is a Global Allocation fund managed by Invesco, while ACSTX is a Large Cap Value Equities fund managed by Invesco. Over the past 10 years, QVGIX returned 6.91%/yr vs 12.56%/yr for ACSTX. A 0.78 correlation means they provide meaningful diversification when combined. QVGIX charges 1.15%/yr vs 0.80%/yr for ACSTX.

Performance

QVGIX vs. ACSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Allocation Fund (QVGIX) and Invesco Comstock Fund (ACSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QVGIX having a 9.04% return and ACSTX slightly higher at 9.14%. Over the past 10 years, QVGIX has underperformed ACSTX with an annualized return of 6.91%, while ACSTX has yielded a comparatively higher 12.56% annualized return.

QVGIX

• 1D: 0.04%
• 1M: 3.14%
• YTD: 9.04%
• 6M: 9.65%
• 1Y: 17.89%
• 3Y*: 11.73%
• 5Y*: 5.07%
• 10Y*: 6.91%

ACSTX

• 1D: 0.45%
• 1M: 3.08%
• YTD: 9.14%
• 6M: 10.66%
• 1Y: 23.62%
• 3Y*: 18.06%
• 5Y*: 11.69%
• 10Y*: 12.56%

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

QVGIX vs. ACSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QVGIX Invesco Global Allocation Fund	9.04%	13.68%	5.63%	15.63%	-17.60%	10.45%	14.42%	16.35%	-9.74%	14.83%
ACSTX Invesco Comstock Fund	9.14%	17.22%	15.00%	12.37%	0.74%	33.33%	-0.78%	24.35%	-12.34%	17.75%

Correlation

The correlation between QVGIX and ACSTX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.78

Over the past year, the correlation between QVGIX and ACSTX has dropped to 0.57 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

QVGIX vs. ACSTX — Risk / Return Rank

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

QVGIX

QVGIX Risk / Return Rank: 58
QVGIX Sharpe Ratio Rank: 56
QVGIX Sortino Ratio Rank: 60
QVGIX Omega Ratio Rank: 57
QVGIX Calmar Ratio Rank: 55
QVGIX Martin Ratio Rank: 61

ACSTX

ACSTX Risk / Return Rank: 59
ACSTX Sharpe Ratio Rank: 59
ACSTX Sortino Ratio Rank: 60
ACSTX Omega Ratio Rank: 54
ACSTX Calmar Ratio Rank: 64
ACSTX Martin Ratio Rank: 58

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.

QVGIX vs. ACSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Allocation Fund (QVGIX) and Invesco Comstock Fund (ACSTX). 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.

	QVGIX	ACSTX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.27	-0.06
Sortino ratio: Return per unit of downside risk	3.26	3.27	0.00
Omega ratio: Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	2.85	3.06	-0.22
Martin ratio: Return relative to average drawdown	12.13	11.64	+0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QVGIX vs. ACSTX - Sharpe Ratio Comparison

The current QVGIX Sharpe Ratio is 2.20, which is comparable to the ACSTX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of QVGIX and ACSTX, 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

	QVGIX	ACSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.27	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.76	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.65	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.51	+0.18

Drawdowns

QVGIX vs. ACSTX - Drawdown Comparison

The maximum QVGIX drawdown since its inception was -22.91%, smaller than the maximum ACSTX drawdown of -58.61%. Use the drawdown chart below to compare losses from any high point for QVGIX and ACSTX.

Drawdown Indicators

	QVGIX	ACSTX	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-58.61%	+35.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-8.02%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-10.00%	-15.61%	+5.61%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-17.25%	-5.66%
Max Drawdown (10Y) Largest decline over 10 years	-22.91%	-44.80%	+21.89%
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-4.26%	-9.35%	+5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	2.10%	-0.55%

Volatility

QVGIX vs. ACSTX - Volatility Comparison

Invesco Global Allocation Fund (QVGIX) and Invesco Comstock Fund (ACSTX) have volatilities of 2.48% and 2.48%, 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

	QVGIX	ACSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	2.48%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	8.01%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	8.98%	10.84%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.80%	15.41%	-4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.94%	19.46%	-8.52%

QVGIX vs. ACSTX - Expense Ratio Comparison

QVGIX has a 1.15% expense ratio, which is higher than ACSTX's 0.80% expense ratio.

Dividends

QVGIX vs. ACSTX - Dividend Comparison

QVGIX's dividend yield for the trailing twelve months is around 6.23%, less than ACSTX's 8.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACSTX Invesco Comstock Fund	8.10%	8.79%	10.17%	8.44%	13.00%	8.66%	2.05%	6.66%	10.03%	3.60%	6.98%	1.10%
QVGIX Invesco Global Allocation Fund	6.23%	6.79%	0.93%	2.27%	6.10%	14.15%	0.00%	0.00%	9.56%	0.13%	3.34%	1.77%

Frequently Asked Questions

Can I hold both QVGIX and ACSTX in my portfolio?

QVGIX and ACSTX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QVGIX or ACSTX?

ACSTX has higher volatility (2.48%) compared to QVGIX (2.48%). In terms of maximum drawdown, QVGIX dropped -22.91% vs ACSTX's -58.61%.

Which has better risk-adjusted returns?

ACSTX currently has the higher Sharpe Ratio (2.27 vs 2.20), 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.