UEIIX vs. ACEIX
UEIIX (Invesco V.I. Equity and Income Fund) and ACEIX (Invesco Equity and Income Fund) are both Diversified Portfolio funds from Invesco. Over the past 10 years, UEIIX returned 9.15%/yr vs 9.00%/yr for ACEIX. With a 0.99 correlation, they move nearly in lockstep. UEIIX charges 0.81%/yr vs 0.78%/yr for ACEIX.
Performance
UEIIX vs. ACEIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UEIIX having a 6.46% return and ACEIX slightly higher at 6.48%. Both investments have delivered pretty close results over the past 10 years, with UEIIX having a 9.15% annualized return and ACEIX not far behind at 9.00%.
UEIIX
- 1D
- 0.42%
- 1M
- 0.36%
- YTD
- 6.46%
- 6M
- 6.05%
- 1Y
- 16.58%
- 3Y*
- 12.84%
- 5Y*
- 7.84%
- 10Y*
- 9.15%
ACEIX
- 1D
- 0.34%
- 1M
- 0.34%
- YTD
- 6.48%
- 6M
- 6.09%
- 1Y
- 16.68%
- 3Y*
- 12.93%
- 5Y*
- 7.84%
- 10Y*
- 9.00%
UEIIX vs. ACEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEIIX Invesco V.I. Equity and Income Fund | 6.46% | 12.55% | 11.92% | 10.23% | -7.72% | 18.37% | 9.74% | 19.96% | -9.69% | 10.78% |
ACEIX Invesco Equity and Income Fund | 6.48% | 12.85% | 11.77% | 10.08% | -7.75% | 18.02% | 9.96% | 19.17% | -9.74% | 10.86% |
Correlation
The correlation between UEIIX and ACEIX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 2, 2003 | 0.99 |
The correlation between UEIIX and ACEIX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
UEIIX vs. ACEIX — Risk / Return Rank
UEIIX
ACEIX
UEIIX vs. ACEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco V.I. Equity and Income Fund (UEIIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UEIIX | ACEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.06 | -0.07 |
| Martin ratioReturn relative to average drawdown | 12.42 | 12.59 | -0.17 |
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Drawdowns
UEIIX vs. ACEIX - Drawdown Comparison
The maximum UEIIX drawdown since its inception was -38.95%, roughly equal to the maximum ACEIX drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for UEIIX and ACEIX.
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Drawdown Indicators
| UEIIX | ACEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.95% | -40.08% | +1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -5.50% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -12.40% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -16.73% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -29.61% | -30.80% | +1.19% |
Current DrawdownCurrent decline from peak | -0.92% | -0.94% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -4.60% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.33% | +0.01% |
Volatility
UEIIX vs. ACEIX - Volatility Comparison
Invesco V.I. Equity and Income Fund (UEIIX) and Invesco Equity and Income Fund (ACEIX) have volatilities of 2.78% and 2.74%, 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
| UEIIX | ACEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.74% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.40% | 6.38% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.17% | 8.25% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.11% | 11.13% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 12.85% | -0.14% |
UEIIX vs. ACEIX - Expense Ratio Comparison
UEIIX has a 0.81% expense ratio, which is higher than ACEIX's 0.78% expense ratio.
Dividends
UEIIX vs. ACEIX - Dividend Comparison
UEIIX's dividend yield for the trailing twelve months is around 6.97%, more than ACEIX's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACEIX Invesco Equity and Income Fund | 6.48% | 6.87% | 8.28% | 6.91% | 6.65% | 13.74% | 2.94% | 5.53% | 8.91% | 6.73% | 3.94% | 5.17% |
UEIIX Invesco V.I. Equity and Income Fund | 6.97% | 7.42% | 5.66% | 7.20% | 18.01% | 2.61% | 6.42% | 9.95% | 7.58% | 3.22% | 4.64% | 13.33% |
Frequently Asked Questions
With a correlation of 0.99, UEIIX and ACEIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UEIIX has higher volatility (2.78%) compared to ACEIX (2.74%). In terms of maximum drawdown, UEIIX dropped -38.95% vs ACEIX's -40.08%.
UEIIX currently has the higher Sharpe Ratio (2.05 vs 2.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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