Invesco VRDO Tax-Free ETF (PVI)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Invesco VRDO Tax-Free ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco VRDO Tax-Free ETF (PVI) has returned 0.29% so far this year and 2.40% over the past 12 months. Over the last ten years, PVI has returned 1.26% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 15, 2007, PVI's average daily return is 0.00%, while the average monthly return is +0.08%. At this rate, your investment would double in approximately 72.2 years.

Historically, 73% of months were positive and 27% were negative. The best month was Mar 2008 with a return of +1.1%, while the worst month was Feb 2008 at -0.5%. The longest winning streak lasted 24 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PVI closed higher 35% of trading days. The best single day was Jan 25, 2008 with a return of +3.8%, while the worst single day was Jan 28, 2008 at -3.7%.

Invesco VRDO Tax-Free ETF has an annualized alpha of 1.00%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 16, 2007.

• This ETF captured 1.69% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.37%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R² of 0.00 this ETF 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 ETF's risk.
• R² of 0.00 means this ETF 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.

PVI has an expense ratio of 0.25%, which is considered low.

PVI ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Invesco VRDO Tax-Free ETF (PVI) and compare them to a chosen benchmark (S&P 500 Index).

Invesco VRDO Tax-Free ETF provided a 2.19% dividend yield over the last twelve months, with an annual payout of $0.54 per share.

The table displays the monthly dividend distributions for Invesco VRDO Tax-Free ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Invesco VRDO Tax-Free ETF. 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 VRDO Tax-Free ETF was 4.10%, occurring on Feb 29, 2008. Recovery took 314 trading sessions.

The current Invesco VRDO Tax-Free ETF drawdown is 0.12%.

The chart below shows the rolling one-month volatility.