VVOAX vs. ACMVX

Last updated Jun 23, 2026

VVOAX (Invesco Value Opportunities Fund) and ACMVX (American Century Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, VVOAX returned 16.57%/yr vs 8.99%/yr for ACMVX. Their correlation of 0.89 suggests significant overlap in exposure. VVOAX charges 1.22%/yr vs 0.97%/yr for ACMVX.

Performance

VVOAX vs. ACMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Value Opportunities Fund (VVOAX) and American Century Mid Cap Value Fund (ACMVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VVOAX achieves a 22.51% return, which is significantly higher than ACMVX's 8.82% return. Over the past 10 years, VVOAX has outperformed ACMVX with an annualized return of 16.57%, while ACMVX has yielded a comparatively lower 8.99% annualized return.

VVOAX

• 1D: 1.81%
• 1M: 3.65%
• YTD: 22.51%
• 6M: 20.86%
• 1Y: 46.90%
• 3Y*: 30.05%
• 5Y*: 19.76%
• 10Y*: 16.57%

ACMVX

• 1D: 0.06%
• 1M: 0.88%
• YTD: 8.82%
• 6M: 7.87%
• 1Y: 17.56%
• 3Y*: 9.99%
• 5Y*: 7.96%
• 10Y*: 8.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VVOAX vs. ACMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VVOAX Invesco Value Opportunities Fund	22.51%	20.24%	30.01%	15.20%	1.33%	35.60%	5.49%	29.84%	-19.92%	17.07%
ACMVX American Century Mid Cap Value Fund	8.82%	8.77%	8.50%	6.18%	-1.34%	23.41%	1.63%	28.89%	-12.63%	11.57%

Correlation

The correlation between VVOAX and ACMVX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 1, 2004	0.89

Over the past year, the correlation between VVOAX and ACMVX has dropped to 0.66 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

VVOAX vs. ACMVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VVOAX

VVOAX Risk / Return Rank: 81
VVOAX Sharpe Ratio Rank: 81
VVOAX Sortino Ratio Rank: 69
VVOAX Omega Ratio Rank: 69
VVOAX Calmar Ratio Rank: 94
VVOAX Martin Ratio Rank: 92

ACMVX

ACMVX Risk / Return Rank: 32
ACMVX Sharpe Ratio Rank: 31
ACMVX Sortino Ratio Rank: 34
ACMVX Omega Ratio Rank: 28
ACMVX Calmar Ratio Rank: 34
ACMVX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VVOAX vs. ACMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Value Opportunities Fund (VVOAX) and American Century Mid Cap Value Fund (ACMVX). 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.

	VVOAX	ACMVX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.48	+0.97
Sortino ratio: Return per unit of downside risk	3.13	2.25	+0.88
Omega ratio: Gain probability vs. loss probability	1.42	1.26	+0.16
Calmar ratio: Return relative to maximum drawdown	5.07	2.09	+2.98
Martin ratio: Return relative to average drawdown	17.50	6.75	+10.75

VVOAX vs. ACMVX - Sharpe Ratio Comparison

The current VVOAX Sharpe Ratio is 2.45, which is higher than the ACMVX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of VVOAX and ACMVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VVOAX vs. ACMVX - Drawdown Comparison

The maximum VVOAX drawdown since its inception was -62.08%, which is greater than ACMVX's maximum drawdown of -51.19%. Use the drawdown chart below to compare losses from any high point for VVOAX and ACMVX.

Drawdown Indicators

	VVOAX	ACMVX	Difference
Max Drawdown Largest peak-to-trough decline	-62.08%	-51.19%	-10.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.49%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-24.05%	-14.57%	-9.48%
Max Drawdown (5Y) Largest decline over 5 years	-24.05%	-17.46%	-6.59%
Max Drawdown (10Y) Largest decline over 10 years	-51.80%	-39.24%	-12.56%
Current Drawdown Current decline from peak	-1.95%	-1.72%	-0.23%
Average Drawdown Average peak-to-trough decline	-11.71%	-5.91%	-5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.62%	+0.04%

Volatility

VVOAX vs. ACMVX - Volatility Comparison

Invesco Value Opportunities Fund (VVOAX) has a higher volatility of 8.73% compared to American Century Mid Cap Value Fund (ACMVX) at 3.31%. This indicates that VVOAX's price experiences larger fluctuations and is considered to be riskier than ACMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVOAX	ACMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.73%	3.31%	+5.42%
Volatility (6M) Calculated over the trailing 6-month period	15.15%	8.63%	+6.52%
Volatility (1Y) Calculated over the trailing 1-year period	19.06%	11.96%	+7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.32%	14.64%	+6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.27%	17.45%	+6.82%

VVOAX vs. ACMVX - Expense Ratio Comparison

VVOAX has a 1.22% expense ratio, which is higher than ACMVX's 0.97% expense ratio.

Dividends

VVOAX vs. ACMVX - Dividend Comparison

VVOAX's dividend yield for the trailing twelve months is around 8.51%, less than ACMVX's 14.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACMVX American Century Mid Cap Value Fund	14.00%	14.46%	8.76%	5.24%	15.00%	15.95%	1.83%	1.46%	14.51%	9.49%	4.05%	11.06%
VVOAX Invesco Value Opportunities Fund	8.51%	10.43%	7.79%	2.27%	9.79%	8.82%	0.25%	1.95%	15.44%	5.11%	1.10%	15.87%

Frequently Asked Questions

Can I hold both VVOAX and ACMVX in my portfolio?

VVOAX and ACMVX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VVOAX or ACMVX?

VVOAX has higher volatility (8.73%) compared to ACMVX (3.31%). In terms of maximum drawdown, VVOAX dropped -62.08% vs ACMVX's -51.19%.

Which has better risk-adjusted returns?

VVOAX currently has the higher Sharpe Ratio (2.45 vs 1.48), 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.