- ISIN
- US00141A2978
- Issuer
- Invesco
- Inception Date
- Sep 29, 2015
- Category
- High Yield Muni
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ISHYX Performance Chart
Invesco Short Duration High Yield Municipal Fund (ISHYX) is up 1.5% since the beginning of the year. ISHYX is currently trading at $9 per share. Investors who bought $1,000 worth of ISHYX shares 5 years ago would now be looking at an investment worth $1,065.
Loading charts...
Compare this symbol against anything
Returns By Period
Invesco Short Duration High Yield Municipal Fund (ISHYX) has returned 1.49% so far this year and 5.51% over the past 12 months. Over the last ten years, ISHYX has returned 2.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco Short Duration High Yield Municipal Fund
- 1D
- -0.32%
- 1M
- -1.58%
- 6M
- 0.67%
- YTD
- 1.49%
- 1Y
- 5.51%
- 3Y*
- 4.57%
- 5Y*
- 1.27%
- 10Y*
- 2.58%
- ALL TIME*
- 2.99%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ISHYX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, ISHYX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 72% of months were positive and 28% were negative. The best month was Nov 2023 with a return of +4.1%, while the worst month was Mar 2020 at -9.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ISHYX closed higher 31% of trading days. The best single day was Mar 26, 2020 with a return of +2.0%, while the worst single day was Mar 19, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.82% | 1.13% | -1.19% | 1.03% | 0.39% | 0.92% | -1.58% | 1.49% | |||||
| 2025 | 0.39% | 0.91% | -0.77% | -1.09% | 0.18% | 0.61% | -0.57% | 0.83% | 1.70% | 0.71% | 0.60% | 0.39% | 3.92% |
| 2024 | 0.79% | 0.46% | 0.67% | -0.39% | 0.57% | 1.87% | 0.90% | 0.49% | 1.12% | -0.66% | 1.12% | -0.66% | 6.43% |
| 2023 | 2.05% | -1.26% | 0.76% | -0.11% | -0.09% | 0.01% | 0.34% | -0.62% | -1.71% | -1.56% | 4.09% | 1.77% | 3.58% |
| 2022 | -1.39% | -0.55% | -2.78% | -2.17% | 0.33% | -2.14% | 2.09% | -1.13% | -3.24% | -1.08% | 2.86% | 0.03% | -8.99% |
| 2021 | 1.56% | -0.36% | 0.69% | 1.06% | 0.77% | 0.77% | 0.67% | -0.17% | -0.36% | -0.17% | 1.06% | 0.30% | 5.96% |
Benchmark Metrics
Invesco Short Duration High Yield Municipal Fund has an annualized alpha of 2.66%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 15.07% of S&P 500 Index downside but only 14.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.66%
- Beta
- 0.03
- R²
- 0.02
- Upside Capture
- 14.88%
- Downside Capture
- 15.07%
Expense Ratio
ISHYX has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ISHYX ranks 94 for risk / return — above 94% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco Short Duration High Yield Municipal Fund (ISHYX) and compare them to S&P 500 Index.
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.
| ISHYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.25 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.00 | +1.42 |
| Martin ratioReturn relative to average drawdown | 12.73 | 8.49 | +4.24 |
Dividends
Dividend History
Invesco Short Duration High Yield Municipal Fund provided a 4.31% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.44 | $0.42 | $0.32 | $0.37 | $0.38 | $0.37 | $0.37 | $0.37 | $0.37 | $0.36 |
Dividend yield | 4.31% | 4.65% | 4.40% | 3.38% | 3.99% | 3.58% | 3.58% | 3.45% | 3.59% | 3.51% | 3.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Short Duration High Yield Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.22 | |||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Short Duration High Yield Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Short Duration High Yield Municipal Fund was 13.64%, occurring on Mar 23, 2020. Recovery took 292 trading sessions.
The current Invesco Short Duration High Yield Municipal Fund drawdown is 1.58%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.64%Mar 2020 | 21d | 1y 1mo | 1y 2moMar 2020 - May 2021 | COVID crash2020 |
-12.03%Oct 2022 | 9mo 23d | 1y 10mo | 2y 8moJan 2022 - Sep 2024 | Bear market2022 |
-4.54%Dec 2016 | 3mo 4d | 5mo 27d | 9mo 1dSep 2016 - May 2017 | — |
-3.93%Apr 2025 | 1mo 5d | 5mo 2d | 6mo 7dMar 2025 - Sep 2025 | 2025 selloff2025 |
-1.89%Mar 2026 | 24d | 1mo 12d | 2mo 6dMar 2026 - May 2026 | — |
Drawdown Indicators
| ISHYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.64% | -56.78% | +43.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -9.10% | +7.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.93% | -18.90% | +14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -25.43% | +13.40% |
Max Drawdown (10Y)Largest decline over 10 years | -13.64% | -33.92% | +20.28% |
Current DrawdownCurrent decline from peak | -1.58% | -1.58% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -10.70% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.14% | -1.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ISHYX
Add Invesco Short Duration High Yield Municipal Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ISHYX