IROC vs ACES

Comparison between INVESCO ROCHESTER HIGH YIELD MUNICIPAL ETF (IROC, ETF) and ALPS CLEAN ENERGY ETF (ACES, ETF).

IROC vs ACES - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IROC(ETF)	ACES(ETF)
Net Assets	$130M	$129M
Expense Ratio	0.39%	0.55%
Max Drawdown	6.98%	79.86%
Sharpe Ratio	1.33	0.44
5Y Beta	0.03	1.23
P/E Ratio	N/A	-20.56
Forward P/E	N/A	18.38
PEG Ratio	N/A	-4.53
5Y Dividends CAGR	N/A	-13.75%
Debt to Equity	N/A	40.44%
P/S Ratio	N/A	1.97
P/B Ratio	N/A	2.48

Net Assets

Winner

IROC

$130M

ACES

$129M

Expense Ratio

Winner

IROC

0.39%

ACES

0.55%

Max Drawdown

Winner

IROC

6.98%

ACES

79.86%

Sharpe Ratio

Winner

IROC

1.33

ACES

0.44

5Y Beta

Winner

IROC

0.03

ACES

1.23

P/E Ratio

IROC

N/A

ACES

-20.56

Forward P/E

IROC

N/A

ACES

18.38

PEG Ratio

IROC

N/A

ACES

-4.53

5Y Dividends CAGR

IROC

N/A

ACES

-13.75%

Debt to Equity

IROC

N/A

ACES

40.44%

P/S Ratio

IROC

N/A

ACES

1.97

P/B Ratio

IROC

N/A

ACES

2.48

IROC vs ACES - Historical Returns

Returns include dividend reinvestment.

Period	IROC	ACES
1 month	-0.73%	-10.68%
3 months	+0.45%	-11.60%
6 months	+1.99%	-13.11%
1 year	+7.64%	+9.80%
5 years(CAGR)	N/A	-13.89%
10 years(CAGR)	N/A	+3.91%
Max(CAGR)	+4.49%	+3.91%

Winner

IROC

-0.73%

ACES

-10.68%

Winner

IROC

+0.45%

ACES

-11.60%

Winner

IROC

+1.99%

ACES

-13.11%

IROC

+7.64%

Winner

ACES

+9.80%

5Y(CAGR)

IROC

N/A

ACES

-13.89%

10Y(CAGR)

IROC

N/A

ACES

+3.91%

Max(CAGR)

Winner

IROC

+4.49%

ACES

+3.91%

IROC vs ACES - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	IROC	ACES
2026	+2.25%	-6.55%
2025	+4.01%	+22.28%
2024	+4.75%	-25.86%
2023	+5.81%	-18.07%
2022	-0.88%	-29.90%
2021	N/A	-19.26%
2020	N/A	+136.96%
2019	N/A	+51.11%
2018	N/A	-9.63%

IROC vs ACES Drawdown Comparison

The maximum drawdown for IROC was -4.79%, occurring on Oct 25, 2023. Recovery took 88 trading sessions.

The maximum drawdown for ACES was -79.05%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current IROC drawdown is -1.50%. The current ACES drawdown is -66.94%.

Rank	IROC	ACES
#1	-4.79% Jul 26, 2023 - Nov 29, 2023	-79.05% Feb 9, 2021 - Apr 8, 2025
#2	-3.52% Mar 3, 2025 - Sep 8, 2025	-43.70% Feb 19, 2020 - Jul 14, 2020
#3	-2.93% Feb 2, 2023 - Jul 13, 2023	-20.32% Aug 27, 2018 - Feb 22, 2019
#4	-2.64% Feb 25, 2026 - May 29, 2026	-10.14% Oct 9, 2020 - Nov 9, 2020
#5	-1.50% Jul 6, 2026 - Jul 23, 2026	-9.97% Sep 1, 2020 - Sep 29, 2020
#6	-1.46% Oct 2, 2024 - Nov 29, 2024	-6.81% Jan 22, 2021 - Feb 8, 2021
#7	-1.30% Dec 6, 2024 - Feb 4, 2025	-6.34% Sep 23, 2019 - Nov 25, 2019
#8	-1.05% May 15, 2024 - Jun 12, 2024	-6.20% May 7, 2019 - Jun 18, 2019
#9	-1.03% Mar 22, 2024 - May 7, 2024	-5.29% Jan 13, 2021 - Jan 21, 2021
#10	-1.00% Jan 12, 2024 - Jan 31, 2024	-4.62% Nov 27, 2020 - Dec 8, 2020
#11	-0.94% Dec 13, 2022 - Jan 9, 2023	-4.44% Aug 8, 2019 - Sep 17, 2019
#12	-0.84% Feb 1, 2024 - Feb 28, 2024	-3.89% Aug 1, 2019 - Aug 8, 2019
#13	-0.71% Aug 2, 2024 - Sep 4, 2024	-3.70% Dec 8, 2020 - Dec 15, 2020
#14	-0.55% Jun 14, 2024 - Jul 5, 2024	-3.19% Jul 10, 2018 - Aug 6, 2018
#15	-0.52% Nov 24, 2025 - Jan 2, 2026	-3.12% Dec 24, 2020 - Dec 31, 2020

Correlation

Correlation between IROC and ACES is -0.41 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.41

-101