QVOPX vs. ACEIX
Compare and contrast key facts about Invesco Fundamental Alternatives Fund (QVOPX) and Invesco Equity and Income Fund (ACEIX).
QVOPX is managed by Invesco. It was launched on Jan 2, 1989. ACEIX is managed by Invesco. It was launched on Aug 2, 1960.
Performance
QVOPX vs. ACEIX - Performance Comparison
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QVOPX vs. ACEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 1.38% | 0.38% | 5.71% | 3.55% | -7.28% | 2.49% | 1.46% | 6.58% | -2.09% | 1.28% |
ACEIX Invesco Equity and Income Fund | 0.54% | 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, QVOPX achieves a 1.38% return, which is significantly higher than ACEIX's 0.54% return. Over the past 10 years, QVOPX has underperformed ACEIX with an annualized return of 1.49%, while ACEIX has yielded a comparatively higher 8.66% annualized return.
QVOPX
- 1D
- -0.67%
- 1M
- -3.77%
- YTD
- 1.38%
- 6M
- 5.60%
- 1Y
- 0.19%
- 3Y*
- 3.51%
- 5Y*
- 0.97%
- 10Y*
- 1.49%
ACEIX
- 1D
- 1.76%
- 1M
- -3.76%
- YTD
- 0.54%
- 6M
- 3.93%
- 1Y
- 13.35%
- 3Y*
- 11.65%
- 5Y*
- 6.82%
- 10Y*
- 8.66%
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QVOPX vs. ACEIX - Expense Ratio Comparison
QVOPX has a 1.33% expense ratio, which is higher than ACEIX's 0.78% expense ratio.
Return for Risk
QVOPX vs. ACEIX — Risk / Return Rank
QVOPX
ACEIX
QVOPX vs. ACEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Alternatives Fund (QVOPX) 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.
| QVOPX | ACEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 1.15 | -1.16 |
Sortino ratioReturn per unit of downside risk | 0.04 | 1.62 | -1.57 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.00 | 1.50 | -1.49 |
Martin ratioReturn relative to average drawdown | 0.01 | 6.38 | -6.37 |
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
| QVOPX | ACEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.15 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.62 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.68 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.72 | -0.08 |
Correlation
The correlation between QVOPX and ACEIX is 0.74, 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
QVOPX vs. ACEIX - Dividend Comparison
QVOPX's dividend yield for the trailing twelve months is around 0.73%, less than ACEIX's 6.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVOPX Invesco Fundamental Alternatives Fund | 0.73% | 0.74% | 2.10% | 4.62% | 2.55% | 2.87% | 1.90% | 2.01% | 1.77% | 1.59% | 0.26% | 0.53% |
ACEIX Invesco Equity and Income Fund | 6.86% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
Drawdowns
QVOPX vs. ACEIX - Drawdown Comparison
The maximum QVOPX drawdown since its inception was -30.55%, smaller than the maximum ACEIX drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for QVOPX and ACEIX.
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Drawdown Indicators
| QVOPX | ACEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.55% | -40.08% | +9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -8.63% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -9.71% | -16.73% | +7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -9.71% | -30.80% | +21.09% |
Current DrawdownCurrent decline from peak | -3.84% | -3.84% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -4.63% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.03% | +2.11% |
Volatility
QVOPX vs. ACEIX - Volatility Comparison
Invesco Fundamental Alternatives Fund (QVOPX) and Invesco Equity and Income Fund (ACEIX) have volatilities of 3.36% and 3.50%, 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.
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Volatility by Period
| QVOPX | ACEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.50% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 6.36% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 11.73% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 11.16% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 12.85% | -8.54% |