SPIAX vs. ACEIX
Compare and contrast key facts about Invesco S&P 500 Index A (SPIAX) and Invesco Equity and Income Fund (ACEIX).
SPIAX is a passively managed fund by Invesco that tracks the performance of the S&P 500. It was launched on Sep 26, 1997. ACEIX is managed by Invesco. It was launched on Aug 2, 1960.
Performance
SPIAX vs. ACEIX - Performance Comparison
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SPIAX vs. ACEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIAX Invesco S&P 500 Index A | -7.17% | 17.23% | 24.34% | 25.63% | -18.56% | 27.99% | 17.84% | 30.78% | -4.97% | 21.13% |
ACEIX Invesco Equity and Income Fund | -1.20% | 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, SPIAX achieves a -7.17% return, which is significantly lower than ACEIX's -1.20% return. Over the past 10 years, SPIAX has outperformed ACEIX with an annualized return of 13.13%, while ACEIX has yielded a comparatively lower 8.47% annualized return.
SPIAX
- 1D
- -0.39%
- 1M
- -7.71%
- YTD
- -7.17%
- 6M
- -4.82%
- 1Y
- 13.84%
- 3Y*
- 16.56%
- 5Y*
- 10.82%
- 10Y*
- 13.13%
ACEIX
- 1D
- -0.37%
- 1M
- -5.34%
- YTD
- -1.20%
- 6M
- 2.41%
- 1Y
- 11.40%
- 3Y*
- 11.00%
- 5Y*
- 6.63%
- 10Y*
- 8.47%
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SPIAX vs. ACEIX - Expense Ratio Comparison
SPIAX has a 0.54% expense ratio, which is lower than ACEIX's 0.78% expense ratio.
Return for Risk
SPIAX vs. ACEIX — Risk / Return Rank
SPIAX
ACEIX
SPIAX vs. ACEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index A (SPIAX) 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.
| SPIAX | ACEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.05 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.47 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.21 | -0.26 |
Martin ratioReturn relative to average drawdown | 4.59 | 5.18 | -0.59 |
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
| SPIAX | ACEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.05 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.60 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.66 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.71 | -0.29 |
Correlation
The correlation between SPIAX and ACEIX is 0.91, 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
SPIAX vs. ACEIX - Dividend Comparison
SPIAX's dividend yield for the trailing twelve months is around 1.09%, less than ACEIX's 6.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIAX Invesco S&P 500 Index A | 1.09% | 1.01% | 1.08% | 1.04% | 1.07% | 1.90% | 1.26% | 1.93% | 2.59% | 1.28% | 1.28% | 1.53% |
ACEIX Invesco Equity and Income Fund | 6.98% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
Drawdowns
SPIAX vs. ACEIX - Drawdown Comparison
The maximum SPIAX drawdown since its inception was -55.47%, which is greater than ACEIX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for SPIAX and ACEIX.
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Drawdown Indicators
| SPIAX | ACEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.47% | -40.08% | -15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -8.63% | -3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.81% | -16.73% | -8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -30.80% | -3.04% |
Current DrawdownCurrent decline from peak | -8.97% | -5.50% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -4.63% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.01% | +0.57% |
Volatility
SPIAX vs. ACEIX - Volatility Comparison
Invesco S&P 500 Index A (SPIAX) has a higher volatility of 4.25% compared to Invesco Equity and Income Fund (ACEIX) at 2.88%. This indicates that SPIAX's price experiences larger fluctuations and is considered to be riskier than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPIAX | ACEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 2.88% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 6.13% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 11.63% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 11.13% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 12.84% | +5.21% |