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
US73936T4334
46138G862
Nov 15, 2007
North America (U.S.)
1x
ICE US Municipal AMT-Free VRDO Constrained Index
Expense Ratio
PVI has an expense ratio of 0.25%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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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 0.80% year-to-date (YTD) and 2.91% in the last 12 months. Over the past 10 years, Invesco VRDO Tax-Free ETF had an annualized return of 0.99%, while the S&P 500 had an annualized return of 11.26%, indicating that Invesco VRDO Tax-Free ETF did not perform as well as the benchmark.
PVI
0.80%
0.26%
1.40%
2.91%
1.37%
0.99%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of PVI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.60% | 0.80% | |||||||||||
| 2024 | 0.27% | 0.28% | 0.18% | 0.31% | 0.41% | -0.06% | 0.33% | 0.41% | 0.15% | 0.01% | 0.25% | -0.15% | 2.43% |
| 2023 | 0.09% | 0.29% | 0.19% | 0.25% | 0.25% | 0.24% | 0.09% | 0.51% | 0.18% | 0.22% | 0.10% | 0.28% | 2.74% |
| 2022 | -0.04% | 0.04% | 0.00% | 0.10% | -0.10% | 0.07% | 0.10% | 0.06% | 0.12% | 0.12% | 0.15% | 0.24% | 0.89% |
| 2021 | 0.11% | -0.02% | -0.10% | 0.02% | 0.04% | -0.02% | -0.04% | -0.00% | 0.00% | 0.00% | -0.04% | -0.02% | -0.07% |
| 2020 | 0.06% | -0.10% | 0.44% | -0.04% | -0.06% | 0.17% | -0.11% | 0.01% | 0.04% | 0.14% | -0.28% | -0.07% | 0.18% |
| 2019 | -0.02% | 0.21% | 0.04% | 0.06% | 0.15% | 0.12% | 0.13% | 0.26% | -0.11% | 0.18% | 0.01% | 0.13% | 1.16% |
| 2018 | 0.14% | 0.04% | -0.14% | 0.37% | 0.17% | -0.04% | 0.15% | -0.02% | 0.10% | 0.24% | 0.15% | 0.04% | 1.21% |
| 2017 | 0.04% | -0.10% | 0.09% | 0.02% | 0.14% | 0.08% | -0.07% | 0.12% | 0.00% | 0.14% | -0.06% | 0.05% | 0.45% |
| 2016 | 0.04% | -0.01% | -0.07% | -0.01% | -0.03% | 0.00% | 0.00% | 0.04% | 0.02% | 0.08% | 0.15% | 0.03% | 0.26% |
| 2015 | -0.04% | -0.03% | -0.01% | -0.00% | 0.00% | 0.00% | -0.04% | 0.00% | -0.04% | 0.00% | 0.01% | -0.05% | -0.20% |
| 2014 | 0.00% | -0.00% | 0.04% | -0.08% | 0.00% | 0.00% | -0.04% | 0.00% | 0.04% | -0.04% | -0.04% | 0.04% | -0.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PVI is 55, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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 provided a 2.46% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.67 | $0.83 | $0.14 | $0.00 | $0.09 | $0.29 | $0.28 | $0.14 | $0.03 | $0.00 | $0.00 |
Dividend yield | 2.46% | 2.72% | 3.36% | 0.56% | 0.00% | 0.36% | 1.15% | 1.14% | 0.57% | 0.13% | 0.00% | 0.00% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.00 | $0.06 | ||||||||||
| 2024 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.04 | $0.05 | $0.06 | $0.07 | $0.04 | $0.67 |
| 2023 | $0.04 | $0.04 | $0.06 | $0.07 | $0.08 | $0.09 | $0.09 | $0.09 | $0.07 | $0.07 | $0.07 | $0.07 | $0.83 |
| 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 | $0.14 |
| 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 | $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 | $0.09 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.02 | $0.04 | $0.02 | $0.03 | $0.01 | $0.02 | $0.03 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.03 | $0.04 | $0.02 | $0.02 | $0.03 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.04 | $0.28 |
| 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 | $0.14 |
| 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 | $0.03 |
| 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 | $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 | $0.00 |
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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.1% | Jan 28, 2008 | 24 | Feb 29, 2008 | 314 | May 29, 2009 | 338 |
| -1.17% | Oct 3, 2024 | 1 | Oct 3, 2024 | 67 | Jan 10, 2025 | 68 |
| -1.04% | Oct 28, 2010 | 5 | Nov 3, 2010 | 8 | Nov 15, 2010 | 13 |
| -0.68% | 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 |
Volatility
Volatility Chart
The current Invesco VRDO Tax-Free ETF volatility is 0.37%, 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.