UNAVX vs. ABRZX
UNAVX (USA Mutuals All Seasons Fund) and ABRZX (Invesco Balanced-Risk Allocation Fund Class A) are both Tactical Allocation funds. Over the past 5 years, UNAVX returned 4.97%/yr vs 3.64%/yr for ABRZX. Their 0.39 correlation means their historical movements had little consistent relationship. UNAVX charges 1.99%/yr vs 1.41%/yr for ABRZX.
Performance
UNAVX vs. ABRZX - Performance Comparison
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Returns By Period
In the year-to-date period, UNAVX achieves a -3.99% return, which is significantly lower than ABRZX's 17.77% return.
UNAVX
- 1D
- 0.00%
- 1M
- -0.16%
- 6M
- -4.17%
- YTD
- -3.99%
- 1Y
- -2.60%
- 3Y*
- 1.03%
- 5Y*
- 4.97%
- 10Y*
- —
- ALL TIME*
- 4.56%
ABRZX
- 1D
- -0.21%
- 1M
- 1.37%
- 6M
- 13.19%
- YTD
- 17.77%
- 1Y
- 24.70%
- 3Y*
- 9.84%
- 5Y*
- 3.64%
- 10Y*
- 4.36%
- ALL TIME*
- 5.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
UNAVX vs. ABRZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNAVX USA Mutuals All Seasons Fund | -3.99% | 1.91% | 6.76% | 3.44% | 6.91% | 11.74% | -8.36% | 25.57% | -4.91% | 4.62% |
ABRZX Invesco Balanced-Risk Allocation Fund Class A | 17.77% | 8.20% | 3.14% | 5.97% | -14.96% | 9.36% | 9.20% | 9.43% | -7.01% | 3.13% |
Correlation
The correlation between UNAVX and ABRZX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.39 |
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Return for Risk
UNAVX vs. ABRZX — Risk / Return Rank
UNAVX
ABRZX
UNAVX vs. ABRZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USA Mutuals All Seasons Fund (UNAVX) and Invesco Balanced-Risk Allocation Fund Class A (ABRZX). 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.
| UNAVX | ABRZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.46 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 5.34 | -5.73 |
| Martin ratioReturn relative to average drawdown | -0.71 | 14.56 | -15.27 |
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Drawdowns
UNAVX vs. ABRZX - Drawdown Comparison
The maximum UNAVX drawdown since its inception was -30.05%, which is greater than ABRZX's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for UNAVX and ABRZX.
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Drawdown Indicators
| UNAVX | ABRZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -26.62% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -4.55% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -8.10% | -18.28% | +10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | -19.33% | +11.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.62% | — |
Current DrawdownCurrent decline from peak | -7.06% | -2.83% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -4.73% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 1.66% | +2.82% |
Volatility
UNAVX vs. ABRZX - Volatility Comparison
The current volatility for USA Mutuals All Seasons Fund (UNAVX) is 0.47%, while Invesco Balanced-Risk Allocation Fund Class A (ABRZX) has a volatility of 2.85%. This indicates that UNAVX experiences smaller price fluctuations and is considered to be less risky than ABRZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNAVX | ABRZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 2.85% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 8.40% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.12% | 9.81% | -4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 12.30% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 10.94% | +1.77% |
UNAVX vs. ABRZX - Expense Ratio Comparison
UNAVX has a 1.99% expense ratio, which is higher than ABRZX's 1.41% expense ratio.
Dividends
UNAVX vs. ABRZX - Dividend Comparison
UNAVX's dividend yield for the trailing twelve months is around 2.63%, less than ABRZX's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABRZX Invesco Balanced-Risk Allocation Fund Class A | 2.87% | 3.38% | 13.28% | 2.21% | 0.00% | 26.02% | 1.18% | 6.49% | 0.00% | 6.43% | 4.41% | 6.91% |
UNAVX USA Mutuals All Seasons Fund | 2.63% | 2.52% | 2.88% | 1.62% | 0.00% | 0.00% | 0.00% | 5.70% | 0.85% | 0.61% | 0.00% | 0.00% |
Frequently Asked Questions
UNAVX and ABRZX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABRZX has higher volatility (2.85%) compared to UNAVX (0.47%). In terms of maximum drawdown, UNAVX dropped -30.05% vs ABRZX's -26.62%.
ABRZX currently has the higher Sharpe Ratio (2.48 vs -0.62), 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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