SCAUX vs. ENHNX
Compare and contrast key facts about Invesco Income Advantage U.S. Fund (SCAUX) and Cullen Enhanced Equity Income Fund (ENHNX).
SCAUX is managed by Invesco. It was launched on Mar 30, 2006. ENHNX is managed by Cullen Funds Trust. It was launched on Dec 14, 2015.
Performance
SCAUX vs. ENHNX - Performance Comparison
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SCAUX vs. ENHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCAUX Invesco Income Advantage U.S. Fund | -5.39% | 16.51% | 17.88% | 17.29% | -13.43% | 22.41% | -3.24% | 12.27% | -9.31% | 15.85% |
ENHNX Cullen Enhanced Equity Income Fund | 3.20% | 6.20% | 6.89% | 0.99% | -1.98% | 21.67% | 1.52% | 18.16% | -5.10% | 10.69% |
Returns By Period
In the year-to-date period, SCAUX achieves a -5.39% return, which is significantly lower than ENHNX's 3.20% return. Both investments have delivered pretty close results over the past 10 years, with SCAUX having a 6.61% annualized return and ENHNX not far ahead at 6.92%.
SCAUX
- 1D
- -0.26%
- 1M
- -6.36%
- YTD
- -5.39%
- 6M
- -2.72%
- 1Y
- 11.68%
- 3Y*
- 13.31%
- 5Y*
- 8.07%
- 10Y*
- 6.61%
ENHNX
- 1D
- -0.43%
- 1M
- -4.83%
- YTD
- 3.20%
- 6M
- 5.37%
- 1Y
- 5.09%
- 3Y*
- 5.99%
- 5Y*
- 4.81%
- 10Y*
- 6.92%
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SCAUX vs. ENHNX - Expense Ratio Comparison
SCAUX has a 1.05% expense ratio, which is higher than ENHNX's 0.75% expense ratio.
Return for Risk
SCAUX vs. ENHNX — Risk / Return Rank
SCAUX
ENHNX
SCAUX vs. ENHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Income Advantage U.S. Fund (SCAUX) and Cullen Enhanced Equity Income Fund (ENHNX). 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.
| SCAUX | ENHNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.45 | +0.35 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.71 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.10 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.36 | +0.57 |
Martin ratioReturn relative to average drawdown | 5.09 | 1.20 | +3.89 |
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
| SCAUX | ENHNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.45 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.38 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.45 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.46 | -0.17 |
Correlation
The correlation between SCAUX and ENHNX is 0.75, 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
SCAUX vs. ENHNX - Dividend Comparison
SCAUX's dividend yield for the trailing twelve months is around 6.54%, more than ENHNX's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCAUX Invesco Income Advantage U.S. Fund | 6.54% | 5.81% | 6.34% | 6.59% | 6.66% | 12.79% | 1.57% | 1.39% | 3.17% | 2.25% | 2.69% | 3.33% |
ENHNX Cullen Enhanced Equity Income Fund | 5.96% | 4.38% | 5.99% | 6.22% | 3.82% | 7.77% | 5.86% | 5.69% | 6.45% | 6.82% | 7.67% | 0.00% |
Drawdowns
SCAUX vs. ENHNX - Drawdown Comparison
The maximum SCAUX drawdown since its inception was -54.56%, which is greater than ENHNX's maximum drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for SCAUX and ENHNX.
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Drawdown Indicators
| SCAUX | ENHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.56% | -35.59% | -18.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -11.06% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.92% | -18.30% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -37.81% | -35.59% | -2.22% |
Current DrawdownCurrent decline from peak | -7.05% | -5.16% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -4.10% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.43% | -1.40% |
Volatility
SCAUX vs. ENHNX - Volatility Comparison
Invesco Income Advantage U.S. Fund (SCAUX) has a higher volatility of 3.60% compared to Cullen Enhanced Equity Income Fund (ENHNX) at 3.08%. This indicates that SCAUX's price experiences larger fluctuations and is considered to be riskier than ENHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCAUX | ENHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.08% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.42% | 7.34% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 13.94% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 12.84% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 15.48% | -0.14% |