SMMIX vs. IOLZX
Compare and contrast key facts about Invesco Summit Fund (SMMIX) and ICON Equity Fund (IOLZX).
SMMIX is managed by Invesco. It was launched on Nov 1, 1982. IOLZX is managed by ICON Funds. It was launched on Oct 17, 2002.
Performance
SMMIX vs. IOLZX - Performance Comparison
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SMMIX vs. IOLZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMIX Invesco Summit Fund | -13.57% | 11.08% | 34.36% | 36.82% | -33.12% | 10.71% | 42.22% | 38.69% | -3.04% | 29.88% |
IOLZX ICON Equity Fund | -1.68% | 15.81% | 16.87% | 12.13% | -17.78% | 26.72% | 16.00% | 38.22% | -16.69% | 26.78% |
Returns By Period
In the year-to-date period, SMMIX achieves a -13.57% return, which is significantly lower than IOLZX's -1.68% return. Over the past 10 years, SMMIX has outperformed IOLZX with an annualized return of 13.24%, while IOLZX has yielded a comparatively lower 11.75% annualized return.
SMMIX
- 1D
- -1.55%
- 1M
- -9.44%
- YTD
- -13.57%
- 6M
- -16.01%
- 1Y
- 12.23%
- 3Y*
- 16.44%
- 5Y*
- 4.95%
- 10Y*
- 13.24%
IOLZX
- 1D
- -0.48%
- 1M
- -8.41%
- YTD
- -1.68%
- 6M
- 1.05%
- 1Y
- 19.64%
- 3Y*
- 14.40%
- 5Y*
- 6.85%
- 10Y*
- 11.75%
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SMMIX vs. IOLZX - Expense Ratio Comparison
SMMIX has a 0.84% expense ratio, which is lower than IOLZX's 1.04% expense ratio.
Return for Risk
SMMIX vs. IOLZX — Risk / Return Rank
SMMIX
IOLZX
SMMIX vs. IOLZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Summit Fund (SMMIX) and ICON Equity Fund (IOLZX). 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.
| SMMIX | IOLZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 0.84 | -0.38 |
Sortino ratioReturn per unit of downside risk | 0.82 | 1.29 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.09 | -0.72 |
Martin ratioReturn relative to average drawdown | 1.12 | 3.61 | -2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMMIX | IOLZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.84 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.32 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.35 | +0.13 |
Correlation
The correlation between SMMIX and IOLZX 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
SMMIX vs. IOLZX - Dividend Comparison
SMMIX's dividend yield for the trailing twelve months is around 17.10%, more than IOLZX's 10.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMIX Invesco Summit Fund | 17.10% | 14.78% | 2.01% | 0.00% | 10.02% | 20.10% | 6.46% | 8.44% | 12.16% | 3.77% | 6.28% | 6.88% |
IOLZX ICON Equity Fund | 10.87% | 10.69% | 22.21% | 4.75% | 18.57% | 14.12% | 0.00% | 3.46% | 1.60% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMMIX vs. IOLZX - Drawdown Comparison
The maximum SMMIX drawdown since its inception was -69.64%, which is greater than IOLZX's maximum drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for SMMIX and IOLZX.
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Drawdown Indicators
| SMMIX | IOLZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.64% | -56.03% | -13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -15.69% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -40.62% | -27.77% | -12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -41.04% | +0.42% |
Current DrawdownCurrent decline from peak | -19.95% | -13.74% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -12.72% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.49% | 4.72% | +1.77% |
Volatility
SMMIX vs. IOLZX - Volatility Comparison
Invesco Summit Fund (SMMIX) has a higher volatility of 7.16% compared to ICON Equity Fund (IOLZX) at 6.73%. This indicates that SMMIX's price experiences larger fluctuations and is considered to be riskier than IOLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMMIX | IOLZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 6.73% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 14.09% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.83% | 23.57% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 21.32% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.77% | 22.25% | +0.52% |