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CVY vs EFAA

Invesco Zacks Multi-Asset Income ETF vs Invesco MSCI EAFE Income Advantage ETF

CVY

Invesco Zacks Multi-Asset Income ETF

Annual cost

1.21%

Fund size

$120M

EFAA

Invesco MSCI EAFE Income Advantage ETF

Annual cost

0.39%

Fund size

$505M

Key differences

  • EFAA costs 0.82% less per year.
  • EFAA is significantly larger than CVY — larger funds tend to be more liquid and less likely to close.
  • CVY is classified as mixed asset, while EFAA is alternative — different risk/return profiles.
  • CVY follows a active selection strategy; EFAA uses option income.
  • CVY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CVYEFAA
Annual cost (TER)1.21%0.39%
Fund size (AUM)$120M$505M
Since20062024
Dividend yield3.72%8.11%
Asset classmixed assetalternative
Regionglobal
Strategyactive selectionoption income
CAGR 1Y+18.7%+16.3%
CAGR 3Y+16.9%N/A
CAGR 5Y+7.3%N/A
Sharpe 3Y0.92N/A
Volatility 1Y11.02%12.12%
Max drawdown-50.47%-11.97%

Similar to CVY and EFAA