QVGIX vs. VAFAX
Compare and contrast key facts about Invesco Global Allocation Fund (QVGIX) and Invesco American Franchise Fund Class A (VAFAX).
QVGIX is managed by Invesco. It was launched on Oct 31, 1991. VAFAX is managed by Invesco. It was launched on Jun 23, 2005.
Performance
QVGIX vs. VAFAX - Performance Comparison
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QVGIX vs. VAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVGIX Invesco Global Allocation Fund | -1.71% | 13.68% | 5.63% | 15.63% | -17.60% | 10.45% | 14.42% | 16.35% | -9.74% | 14.83% |
VAFAX Invesco American Franchise Fund Class A | -13.54% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
Returns By Period
In the year-to-date period, QVGIX achieves a -1.71% return, which is significantly higher than VAFAX's -13.54% return. Over the past 10 years, QVGIX has underperformed VAFAX with an annualized return of 5.94%, while VAFAX has yielded a comparatively higher 13.49% annualized return.
QVGIX
- 1D
- -0.30%
- 1M
- -6.64%
- YTD
- -1.71%
- 6M
- 0.74%
- 1Y
- 9.96%
- 3Y*
- 8.26%
- 5Y*
- 3.77%
- 10Y*
- 5.94%
VAFAX
- 1D
- -1.39%
- 1M
- -9.66%
- YTD
- -13.54%
- 6M
- -15.87%
- 1Y
- 11.01%
- 3Y*
- 17.62%
- 5Y*
- 6.56%
- 10Y*
- 13.49%
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QVGIX vs. VAFAX - Expense Ratio Comparison
QVGIX has a 1.15% expense ratio, which is higher than VAFAX's 0.95% expense ratio.
Return for Risk
QVGIX vs. VAFAX — Risk / Return Rank
QVGIX
VAFAX
QVGIX vs. VAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Allocation Fund (QVGIX) and Invesco American Franchise Fund Class A (VAFAX). 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 | VAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.43 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.67 | 0.78 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.33 | +0.80 |
Martin ratioReturn relative to average drawdown | 4.62 | 1.05 | +3.57 |
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
| QVGIX | VAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.43 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.29 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.61 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.52 | +0.10 |
Correlation
The correlation between QVGIX and VAFAX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QVGIX vs. VAFAX - Dividend Comparison
QVGIX's dividend yield for the trailing twelve months is around 6.91%, less than VAFAX's 16.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVGIX Invesco Global Allocation Fund | 6.91% | 6.79% | 0.93% | 2.27% | 6.10% | 14.15% | 0.00% | 0.00% | 9.56% | 0.13% | 3.34% | 1.77% |
VAFAX Invesco American Franchise Fund Class A | 16.30% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
Drawdowns
QVGIX vs. VAFAX - Drawdown Comparison
The maximum QVGIX drawdown since its inception was -22.91%, smaller than the maximum VAFAX drawdown of -48.48%. Use the drawdown chart below to compare losses from any high point for QVGIX and VAFAX.
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Drawdown Indicators
| QVGIX | VAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -48.48% | +25.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -19.27% | +12.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -38.86% | +15.95% |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | -38.86% | +15.95% |
Current DrawdownCurrent decline from peak | -6.94% | -19.27% | +12.33% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -8.16% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 6.12% | -4.32% |
Volatility
QVGIX vs. VAFAX - Volatility Comparison
The current volatility for Invesco Global Allocation Fund (QVGIX) is 3.67%, while Invesco American Franchise Fund Class A (VAFAX) has a volatility of 6.79%. This indicates that QVGIX experiences smaller price fluctuations and is considered to be less risky than VAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVGIX | VAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 6.79% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 15.04% | -8.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 25.05% | -14.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.75% | 22.96% | -12.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 22.19% | -11.31% |