UMCVX vs. CAAPX
Compare and contrast key facts about Invesco V.I. American Value Fund (UMCVX) and Ariel Appreciation Fund (CAAPX).
UMCVX is managed by Invesco. It was launched on Jan 1, 1997. CAAPX is managed by Ariel Investments. It was launched on Dec 1, 1989.
Performance
UMCVX vs. CAAPX - Performance Comparison
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UMCVX vs. CAAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UMCVX Invesco V.I. American Value Fund | 6.17% | 21.17% | 30.42% | 15.70% | -2.53% | 27.96% | 1.15% | 24.95% | -12.56% | 9.97% |
CAAPX Ariel Appreciation Fund | 1.14% | 11.04% | 6.07% | 10.58% | -12.27% | 25.72% | 7.42% | 24.58% | -13.93% | 15.24% |
Returns By Period
In the year-to-date period, UMCVX achieves a 6.17% return, which is significantly higher than CAAPX's 1.14% return. Over the past 10 years, UMCVX has outperformed CAAPX with an annualized return of 13.12%, while CAAPX has yielded a comparatively lower 7.91% annualized return.
UMCVX
- 1D
- 2.88%
- 1M
- -7.04%
- YTD
- 6.17%
- 6M
- 11.98%
- 1Y
- 36.13%
- 3Y*
- 26.35%
- 5Y*
- 15.92%
- 10Y*
- 13.12%
CAAPX
- 1D
- 3.17%
- 1M
- -7.38%
- YTD
- 1.14%
- 6M
- 3.93%
- 1Y
- 20.75%
- 3Y*
- 9.00%
- 5Y*
- 4.50%
- 10Y*
- 7.91%
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UMCVX vs. CAAPX - Expense Ratio Comparison
UMCVX has a 0.89% expense ratio, which is lower than CAAPX's 1.12% expense ratio.
Return for Risk
UMCVX vs. CAAPX — Risk / Return Rank
UMCVX
CAAPX
UMCVX vs. CAAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco V.I. American Value Fund (UMCVX) and Ariel Appreciation Fund (CAAPX). 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.
| UMCVX | CAAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.84 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.32 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.31 | +1.01 |
Martin ratioReturn relative to average drawdown | 9.88 | 4.37 | +5.51 |
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
| UMCVX | CAAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.84 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.20 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.36 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.50 | -0.08 |
Correlation
The correlation between UMCVX and CAAPX is 0.83, 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
UMCVX vs. CAAPX - Dividend Comparison
UMCVX's dividend yield for the trailing twelve months is around 15.78%, more than CAAPX's 12.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMCVX Invesco V.I. American Value Fund | 15.78% | 16.76% | 3.11% | 25.58% | 23.66% | 0.42% | 1.65% | 8.19% | 19.87% | 1.91% | 5.79% | 15.77% |
CAAPX Ariel Appreciation Fund | 12.72% | 12.86% | 6.11% | 6.31% | 10.51% | 14.21% | 9.85% | 7.58% | 7.37% | 12.53% | 7.88% | 12.05% |
Drawdowns
UMCVX vs. CAAPX - Drawdown Comparison
The maximum UMCVX drawdown since its inception was -59.30%, roughly equal to the maximum CAAPX drawdown of -61.92%. Use the drawdown chart below to compare losses from any high point for UMCVX and CAAPX.
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Drawdown Indicators
| UMCVX | CAAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -61.92% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -15.96% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -33.40% | +8.30% |
Max Drawdown (10Y)Largest decline over 10 years | -45.77% | -42.58% | -3.19% |
Current DrawdownCurrent decline from peak | -7.09% | -8.85% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -8.08% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 4.80% | -1.13% |
Volatility
UMCVX vs. CAAPX - Volatility Comparison
Invesco V.I. American Value Fund (UMCVX) has a higher volatility of 7.58% compared to Ariel Appreciation Fund (CAAPX) at 6.86%. This indicates that UMCVX's price experiences larger fluctuations and is considered to be riskier than CAAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMCVX | CAAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 6.86% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 13.97% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.60% | 24.66% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 22.22% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.10% | 22.15% | +2.95% |