CVY vs INKM: Grades, Fees and Holdings Compared

Invesco Zacks Multi-Asset Income ETF

CVYCNYSE Arca

State Street Income Allocation ETF

INKMANYSE Arca

Overlap

0.0%by weight

Expense ratio

INKM −0.65pt a year

CVY1.15%INKM0.50%

Avg volume · 30D

INKM 3.3×the volume

CVY4.07KINKM13.3K

10Y return · a year

CVY +3.0pt

CVY+8.5%INKM+5.5%

CVY vs INKM Performance

Oct 29, 2021 – Oct 30, 2026

+47.8%CVY+20.8%INKM

Expense ratio: CVY 1.15%; INKM 0.50%, better
Fund size: CVY $120M; INKM $70M
1Y total return: CVY +15.8%, better; INKM +7.6%
Yield (12M): CVY 3.99%; INKM 4.69%, better
Holdings: CVY 152; INKM 18
Avg volume (30D): CVY 4.07K sh; INKM 13.3K sh, better
NAV per share: CVY $29.18; INKM $34.00
52W range

ETF.net Grade

Pillar letters and Scores for CVY, INKM, with each pillar’s weight
Pillar	CVY	INKM
Cost30% weight	F14	A79Higher
Mission25% weight	A100Higher	A71
Risk15% weight	D34	A75Higher
Tradability15% weight	D39	A76Higher
Holdings10% weight	A83Higher	C47
Durability5% weight	A83Higher	A70

Rank among Multi-Asset Income funds

How we build Categories ›

Same Category. CVY and INKM are both graded against the same 15 Multi-Asset Income funds, so their Grades compare head to head.

Multi-Asset Income⁠

Category · 15 funds

See all 15 ›

INKM ranks 3rd and CVY 8th of 15 funds in the Multi-Asset Income Category.

Rank 1AINCMFranklin Income Focus ETFScore 82
Rank 2AIYLDiShares Morningstar Multi-Asset Income ETFScore 79
Rank 3AINKMState Street Income Allocation ETFScore 72
Rank 4BMDIVMulti-Asset Diversified Income Index FundScore 66
Rank 7BLOTILiberty One Tactical Income ETFScore 55
Rank 8CCVYInvesco Zacks Multi-Asset Income ETFScore 52
Rank 9CJFLIJPMorgan Flexible Income ETFScore 50

Our read on each fund

ETF.net Research

CVYCInvesco Zacks Multi-Asset Income ETF

INKMAState Street Income Allocation ETF

In short

CVY One of the original multi-asset income ETFs, listed back in 2006: a single ticker that pulls income from dividend stocks, ADRs, REITs, MLPs, closed-end funds and preferreds, assembled by a Zacks model.

INKM One ticker, one active manager, and a shopping list that runs from bonds and preferreds to convertibles, global REITs and dividend stocks. INKM has been playing multi-asset income this way since 2012, at half a point of fee.

Stated mandate

CVY The Fund is based on the Zacks Multi-Asset Income Index and invests at least 90% of its assets in securities and depositary receipts included in that Index.

INKM The fund seeks total return by investing primarily in income- and yield-generating assets. It is actively managed and uses tactical allocations across bonds, convertible and preferred securities, global REITs, and domestic and international dividend-focused equities.

Why people hold it

CVY Six income sleeves in one ticker: US dividend payers, dividend-paying ADRs, REITs, MLPs, closed-end funds and traditional preferreds, spread across roughly 150 positions.invesco.com
Listed in September 2006, which makes it one of the longest-running funds in a small multi-asset income category that most issuers only got around to later.
Sticks to its label: at least 90% of assets sit in securities and depositary receipts from the Zacks Multi-Asset Income Index, with no quiet drift into something else.invesco.com
Pays income quarterly, and the portfolio build is one of the stronger ones in its peer group: income spread across many names, not stacked on a handful.

INKM Charges 0.50% a year, under the 0.78% median for allocation funds.
Actively managed with tactical shifts across bonds, convertibles, preferreds, global REITs and dividend equities, rather than fixed index weights.ssga.com
Launched in 2012 and pays quarterly, a long run for a one-ticket income allocation fund.
Lands in the upper half of its allocation peer group on our review.

Worth knowing

CVY At 1.15% a year, with no fee waiver in place, it sits above the category median and well above the cheapest peers here (INCM at 0.38%, IYLD at 0.50%).
Thinly traded and modest in assets, so wider spreads are more likely than with household-name income funds. Order type and timing matter more.
Multi-asset does not mean mellow: REITs, MLPs and closed-end funds carry rate and leverage sensitivity, and the mix has moved more like equities than like a bond fund.invesco.com

INKM Thinly traded with a modest asset base, so spreads and order handling matter more here than with the category's giants.
Index-based allocation rivals cost far less: AOA at 0.19% and IRTR at 0.08%.
No published index to check it against. What you own depends on the manager's asset-mix calls.

Full CVY profile⁠

Full INKM profile⁠

CVY vs INKM Holdings

How CVY and INKM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CVY and 0.0% of INKM.

Level by level

Holdings0 in both0.0%
Sector11 Sectors50.2%
Countryby domicile89.5%

Sector

Sector weights in CVY and INKM, widest gap first
Sector	More in CVYMore in INKM	CVY	INKM
Financials	CVY +29.0 points	37.8%	8.8%
Utilities	INKM +12.8 points	0.4%	13.2%
Energy	CVY +11.7 points	21.8%	10.1%
Technology	INKM +9.7 points	4.3%	14.0%
Industrials	INKM +9.5 points	5.3%	14.8%
Materials	CVY +7.3 points	8.7%	1.4%
Consumer Staples	INKM +5.8 points	1.9%	7.7%
Communication	INKM +5.7 points	0.0%	5.7%
Health Care	INKM +3.5 points	3.4%	6.9%
Consumer Discretionary	INKM +2.9 points	2.7%	5.6%
Real Estate	CVY +1.7 points	13.6%	11.9%

Country, concentration and asset class

Country by domicile

Country weights in CVY and INKM, widest gap first
Country	More in CVYMore in INKM	CVY	INKM
Brazil	CVY +2.0 points	2.8%	0.8%
Spain	CVY +1.5 points	1.5%	0.0%
United States	CVY +1.3 points	85.4%	84.1%
Mexico	INKM +1.3 points	0.0%	1.3%
Norway	CVY +1.2 points	1.2%	0.0%
Australia	INKM +1.2 points	0.0%	1.2%
Switzerland	INKM +1.1 points	0.0%	1.1%
Colombia	CVY +1.0 points	1.2%	0.2%
Other countries (26)	INKM +3.5 points	7.9%	11.4%

Concentration

Weight in the 10 largest Holdings

CVY11.5%
INKM82.6%

Securities held

CVY151
INKM16

Asset class

CVY: Equity
INKM: Multi-Asset

Holdings

Only in CVY151
In both0
Only in INKM16

Only in CVY

151 securities, 99.8% of CVY by weight

Scorpio Tankers Inc1.32%
Host Hotels & Resorts Inc1.19%
Tenaris SA1.18%
SM Energy Co1.16%
Concentrix Corp1.13%
FS Credit Opportunities Corp1.13%
Royalty Pharma PLC1.11%
Maximus Inc1.11%
Dorchester Minerals LP1.10%
Everest Group Ltd1.09%
Ryman Hospitality Properties Inc1.07%
Hanover Insurance Group Inc/The1.07%
Axis Capital Holdings Ltd1.07%
Alliance Resource Partners LP1.07%
Tortoise Energy Infrastructure Corp1.06%
Jackson Financial Inc1.06%
KBR Inc1.05%
Kennametal Inc1.04%
Macerich Co/The1.04%
Ares Management Corp 6.75% 10/01/20271.04%
Black Stone Minerals LP1.04%
Bank of America Corp 7.25% 12/31/20791.04%
CVR Partners LP1.04%
Omega Healthcare Investors Inc1.03%
Wells Fargo & Co 7.50% 12/31/20791.03%
Allstate Corp/The1.01%
Western Alliance Bancorp1.01%
Synchrony Financial1.00%
Nuveen Floating Rate Income Fund/Closed-end Fund0.98%
Hartford Insurance Group Inc/The0.98%
CF Industries Holdings Inc0.97%
Equinor ASA0.97%
Grupo Cibest SA0.97%
Assured Guaranty Ltd0.97%
Columbia Financial Inc0.96%
Boeing Co/The 6.00% 10/15/20270.95%
PennyMac Financial Services Inc0.92%
Plains All American Pipeline LP0.91%
Mplx Lp0.91%
B2Gold Corp0.90%
Western Midstream Partners LP0.89%
Kite Realty Group Trust0.88%
JPMorgan Chase & Co 4.63% 12/31/20790.88%
Banco Bilbao Vizcaya Argentaria SA0.87%
APA Corp0.87%
Virtu Financial Inc0.86%
Wells Fargo & Co 4.75% 12/31/20790.85%
Terreno Realty Corp0.84%
JPMorgan Chase & Co 4.20% 12/31/20790.84%
Plains GP Holdings LP0.82%

Only in INKM

16 securities, 99.6% of INKM by weight

State Street Spdr Portfolio Lo16.14%
State Street Spdr S+p Global I10.78%
State Street Us Equity Premium9.58%
State Street Spdr Bloomberg Em8.87%
Schwab Us Dividend Equity Etf7.40%
State Street Spdr Portfolio S+7.34%
State Street Spdr Bloomberg Hi5.83%
State Street Spdr Ice Preferre5.80%
State Street Blackstone Senior5.79%
State Street Spdr S+p Internat5.05%
State Street Spdr Bloomberg Em4.85%
State Street Spdr Bloomberg Co3.70%
State Street Spdr Dow Jones Re2.51%
State Street Spdr Portfolio In2.49%
State Street Spdr Portfolio Lo2.01%
State Street Spdr Portfolio In1.49%

Weight gaps

CVY and INKM share no securities.

All 150 CVY holdings⁠All 16 INKM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CVY vs INKM Cost

Overpaying CVY vs INKM

$11,098

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CVY 1.15%
$21,077
INKM 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

CVY 1.15%
INKM 0.50%
Overpaying

Year by year

Year	CVY	INKM	Overpaying
10	$2,015	$900	$1,115
20	$7,521	$3,460	$4,061
30	$21,077	$9,979	$11,098

Expense ratio

1.15%CVY
0.50%INKM, cheaper

INKM0.50%CVY1.15%

0.15%1.37%

Middle half of Multi-Asset Income funds
Median 0.71%

INKM 3rd cheapest of 15 funds

CVY 13th cheapest of 15 funds

CVY vs INKM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CVY 3.99%; INKM 4.69%, better
Payout (12M): CVY $1.16; INKM $1.59
Last payment: CVY $0.23; INKM $0.34
Ex-dividend: CVY Sep 21, 2026; INKM Sep 25, 2026
Paid on: CVY Sep 25, 2026; INKM Sep 29, 2026
Frequency: CVY Quarterly; INKM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CVYQuarterly · 39 paymentsAll CVY payments⁠

INKMQuarterly · 39 paymentsAll INKM payments⁠

CVY vs INKM Risk

Fall from peak · 5 years

CVY
INKM

Risk facts

VolatilityStd dev, 3 years: CVY 12.4%INKM 7.8%, better
Return per unit of riskSharpe ratio, 3 years: CVY 0.90INKM 0.92, better
Worst fallMax drawdown, 5 years: CVY −21.6%INKM −19.2%, better
Market sensitivityBeta, 5 years: CVY 1.04INKM 0.82; Market = 1

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