Invesco VRDO Tax-Free ETF (PVI)
PVI is a passive ETF by Invesco tracking the investment results of the ICE US Municipal AMT-Free VRDO Constrained Index. PVI launched on Nov 15, 2007 and has a 0.25% expense ratio.
ETF Info
| ISIN | US73936T4334 |
|---|---|
| CUSIP | 46138G862 |
| Issuer | Invesco |
| Inception Date | Nov 15, 2007 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Index Tracked | ICE US Municipal AMT-Free VRDO Constrained Index |
| Asset Class | Bond |
Expense Ratio
PVI has a high expense ratio of 0.25%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PVI vs. MO, PVI vs. FXAIX
Performance
Performance Chart
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.
Returns By Period
Invesco VRDO Tax-Free ETF had a return of 0.93% year-to-date (YTD) and 2.82% in the last 12 months. Over the past 10 years, Invesco VRDO Tax-Free ETF had an annualized return of 0.74%, while the S&P 500 had an annualized return of 10.64%, indicating that Invesco VRDO Tax-Free ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.93% | 7.50% |
| 1 month | 0.15% | -1.61% |
| 6 months | 1.28% | 17.65% |
| 1 year | 2.82% | 26.26% |
| 5 years (annualized) | 1.10% | 11.73% |
| 10 years (annualized) | 0.74% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.27% | 0.28% | 0.18% | 0.31% | ||||||||
| 2023 | 0.22% | 0.11% | 0.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PVI is 89, placing it in the top 11% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Invesco VRDO Tax-Free ETF(PVI)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco VRDO Tax-Free ETF (PVI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco VRDO Tax-Free ETF granted a 3.41% dividend yield in the last twelve months. The annual payout for that period amounted to $0.85 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.83 | $0.14 | $0.00 | $0.09 | $0.28 | $0.28 | $0.14 | $0.03 | $0.00 | $0.00 | $0.01 |
Dividend yield | 3.41% | 3.36% | 0.56% | 0.00% | 0.36% | 1.12% | 1.14% | 0.56% | 0.13% | 0.00% | 0.00% | 0.03% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.06 | $0.05 | $0.06 | ||||||||
| 2023 | $0.04 | $0.04 | $0.06 | $0.07 | $0.08 | $0.09 | $0.09 | $0.09 | $0.07 | $0.07 | $0.07 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.02 | $0.04 | $0.02 | $0.03 | $0.00 | $0.02 | $0.03 | $0.02 | $0.02 |
| 2018 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.04 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 0.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.1% | Jan 28, 2008 | 24 | Feb 29, 2008 | 314 | May 29, 2009 | 338 |
| -1.04% | Oct 28, 2010 | 5 | Nov 3, 2010 | 8 | Nov 15, 2010 | 13 |
| -0.69% | Mar 23, 2020 | 1 | Mar 23, 2020 | 653 | Oct 24, 2022 | 654 |
| -0.6% | Jul 22, 2013 | 458 | May 18, 2015 | 459 | Mar 17, 2017 | 917 |
| -0.58% | Mar 2, 2018 | 20 | Mar 29, 2018 | 38 | May 23, 2018 | 58 |
Volatility
Volatility Chart
The current Invesco VRDO Tax-Free ETF volatility is 0.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.