Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -2.54% | -6.87% | -15.13% | -15.29% | -21.13% | -21.97% | -3.05% | -9.61% | -4.79% | -4.02% |
| Market-price total return | -1.55% | -5.92% | -12.68% | -10.52% | -13.77% | -12.50% | +7.84% | +0.46% | +4.50% | +4.17% |
| NAV return | -0.39% | -3.15% | -5.59% | -7.48% | -9.22% | -9.55% | -2.79% | -7.23% | -4.53% | -3.64% |
| NAV total return | -0.39% | -3.15% | -3.98% | -3.50% | -2.07% | +0.08% | +7.27% | +2.23% | +3.94% | +4.23% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.09% | 0.04% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.10% | 0.05% | as above |
| Volatility, 5 years | 0.12% | 0.07% | as above |
| Maximum drawdown, 3 years | -14.83% | -6.18% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.40 | 0.75 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.54 | 1.05 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.61 | — | AGG (U.S. aggregate bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.32 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Invesco High Income Trust II. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.