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Invesco Municipal Trust (VKQ)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Invesco Municipal Trust (VKQ)

Equity · Currency in USD · Last updated May 5, 2025

Company Info

ISIN

US46131J1034

CUSIP

46131J103

Sector

Financial Services

Industry

Asset Management

IPO Date

Nov 21, 1991

Highlights

Market Cap

$521.26M

EPS (TTM)

$0.96

PE Ratio

9.81

Total Revenue (TTM)

$19.61M

Gross Profit (TTM)

$16.69M

EBITDA (TTM)

$22.20M

Year Range

$8.80 - $10.05

Short %

0.12%

Short Ratio

0.44

Share Price Chart

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Compare to other instruments

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

Popular comparisons:
VKQ vs. MFM VKQ vs. VOHIX VKQ vs. VTES VKQ vs. HYMU VKQ vs. IVV VKQ vs. HYD VKQ vs. SPHY VKQ vs. BND VKQ vs. MUB VKQ vs. VWAHX
Popular comparisons:
VKQ vs. MFM VKQ vs. VOHIX VKQ vs. VTES VKQ vs. HYMU VKQ vs. IVV VKQ vs. HYD VKQ vs. SPHY VKQ vs. BND VKQ vs. MUB VKQ vs. VWAHX

Performance

Performance Chart

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

400.00%600.00%800.00%1,000.00%1,200.00%1,400.00%1,600.00%December2025FebruaryMarchAprilMay
441.16%
1,396.26%
VKQ (Invesco Municipal Trust)
Benchmark (^GSPC)

Returns By Period

Invesco Municipal Trust (VKQ) returned -1.47% year-to-date (YTD) and 6.83% over the past 12 months. Over the past 10 years, VKQ returned 2.75% annually, underperforming the S&P 500 benchmark at 10.57%.

VKQ

YTD

-1.47%

1M

-0.38%

6M

-2.80%

1Y

6.83%

5Y*

1.72%

10Y*

2.75%

^GSPC (Benchmark)

YTD

-3.31%

1M

12.07%

6M

-0.74%

1Y

10.90%

5Y*

14.73%

10Y*

10.57%

*Annualized

Monthly Returns

The table below presents the monthly returns of VKQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.46%2.46%-3.55%-2.04%0.32%-1.47%
20240.05%1.26%1.66%-3.72%5.05%3.01%1.64%0.93%2.31%-1.05%2.62%-4.06%9.70%
20233.04%-6.43%5.18%-2.67%-2.22%1.03%1.76%-4.75%-7.69%-2.11%13.86%3.75%0.87%
2022-9.10%-2.46%-2.10%-9.06%3.46%-4.85%5.18%-4.77%-9.00%-3.47%13.37%0.32%-22.25%
20211.74%-0.91%3.38%1.17%3.50%0.47%0.89%2.56%-4.54%-1.92%4.84%-1.38%9.82%
20205.75%-2.78%-6.82%-4.13%5.02%1.10%6.04%-0.09%-2.45%0.43%6.19%1.35%8.91%
20196.40%1.21%1.78%-0.32%2.86%1.00%4.32%-0.06%-0.60%-1.76%-0.33%1.30%16.66%
2018-4.18%-0.35%-0.62%1.00%1.50%0.06%0.82%0.30%-2.10%-4.57%2.31%0.29%-5.65%
20173.77%0.25%-0.29%1.37%1.68%0.80%1.17%0.30%-0.55%-3.23%0.07%2.52%7.97%
20162.65%0.37%2.84%2.55%-0.24%5.86%-0.30%-0.66%-0.63%-6.76%-5.10%1.92%1.84%
20155.37%-3.49%1.01%-0.56%-2.23%-1.80%2.24%-1.25%2.91%3.25%0.31%2.05%7.69%
20145.68%0.79%-0.35%2.05%3.24%-0.17%-2.17%4.35%-0.17%0.86%-0.18%1.82%16.63%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VKQ is 72, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of VKQ is 7272
Overall Rank
The Sharpe Ratio Rank of VKQ is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of VKQ is 6969
Sortino Ratio Rank
The Omega Ratio Rank of VKQ is 6767
Omega Ratio Rank
The Calmar Ratio Rank of VKQ is 6767
Calmar Ratio Rank
The Martin Ratio Rank of VKQ is 7878
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Invesco Municipal Trust (VKQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The chart of Sharpe ratio for VKQ, currently valued at 0.79, compared to the broader market-2.00-1.000.001.002.003.00
VKQ: 0.79
^GSPC: 0.67
The chart of Sortino ratio for VKQ, currently valued at 1.20, compared to the broader market-6.00-4.00-2.000.002.004.00
VKQ: 1.20
^GSPC: 1.05
The chart of Omega ratio for VKQ, currently valued at 1.15, compared to the broader market0.501.001.502.00
VKQ: 1.15
^GSPC: 1.16
The chart of Calmar ratio for VKQ, currently valued at 0.37, compared to the broader market0.001.002.003.004.005.00
VKQ: 0.37
^GSPC: 0.68
The chart of Martin ratio for VKQ, currently valued at 2.88, compared to the broader market-10.000.0010.0020.00
VKQ: 2.88
^GSPC: 2.70

The current Invesco Municipal Trust Sharpe ratio is 0.79. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Invesco Municipal Trust with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.79
0.67
VKQ (Invesco Municipal Trust)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco Municipal Trust provided a 7.75% dividend yield over the last twelve months, with an annual payout of $0.73 per share.

5.00%5.50%6.00%6.50%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.73$0.63$0.44$0.56$0.63$0.60$0.61$0.67$0.72$0.79$0.82$0.81

Dividend yield

7.75%6.43%4.60%5.63%4.71%4.65%4.96%5.98%5.78%6.44%6.39%6.38%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco Municipal Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.06$0.06$0.06$0.06$0.00$0.25
2024$0.03$0.04$0.04$0.04$0.04$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.63
2023$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.03$0.44
2022$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.04$0.56
2021$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.63
2020$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.60
2019$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.61
2018$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.05$0.05$0.05$0.05$0.67
2017$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.72
2016$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.06$0.06$0.06$0.06$0.79
2015$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.82
2014$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.81

Dividend Yield & Payout

Dividend Yield
5.0%10.0%15.0%20.0%
VKQ: 7.8%
Invesco Municipal Trust has a dividend yield of 7.75%, which means its dividend payment is significantly above the market average.
Payout Ratio
100.0%200.0%300.0%400.0%500.0%600.0%
VKQ: 56.9%
Invesco Municipal Trust has a payout ratio of 56.88%, which is quite average when compared to the overall market. This suggests that Invesco Municipal Trust strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

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.

-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-18.11%
-7.45%
VKQ (Invesco Municipal Trust)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco Municipal Trust. 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 Municipal Trust was 51.05%, occurring on Dec 16, 2008. Recovery took 181 trading sessions.

The current Invesco Municipal Trust drawdown is 18.11%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-51.05%Jan 25, 2008227Dec 16, 2008181Sep 4, 2009408
-37.28%Sep 2, 2021540Oct 25, 2023———
-26.45%Dec 4, 2012177Aug 16, 2013600Jan 5, 2016777
-25.78%Feb 26, 202016Mar 18, 2020174Nov 23, 2020190
-24.15%Dec 16, 1998257Dec 22, 1999531Feb 5, 2002788

Volatility

Volatility Chart

The current Invesco Municipal Trust volatility is 6.21%, 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.

2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
6.21%
14.17%
VKQ (Invesco Municipal Trust)
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Invesco Municipal Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Annual
Quarterly
0.0

Earnings Per Share

The chart presents the Earnings Per Share (EPS) performance of Invesco Municipal Trust, comparing actual results with analytics estimates.
-1.50-1.00-0.500.000.50JulyOctober2021AprilJulyOctober2022AprilJulyOctober2023April
-0.14
0
Actual
Estimate

Valuation

The Valuation section provides an overview of how Invesco Municipal Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.

PE Ratio
20.040.060.080.0100.0
VKQ: 9.8
The chart displays the Price-to-Earnings (P/E) ratio for VKQ, comparing it with other companies in the Asset Management industry. Currently, VKQ has a P/E ratio of 9.8. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.
PEG Ratio
2.04.06.08.010.0
VKQ: 0.0
The chart shows the Price/Earnings to Growth (PEG) ratio for VKQ compared to other companies in the Asset Management industry. VKQ currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.
PS Ratio
20.040.060.080.0100.0
VKQ: 12.1
This chart shows the Price-to-Sales (P/S) ratio for VKQ relative to other companies in the Asset Management industry. Currently, VKQ has a P/S ratio of 12.1. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
PB Ratio
2.04.06.08.010.0
VKQ: 0.8
The chart illustrates the Price-to-Book (P/B) ratio for VKQ in comparison with other companies in the Asset Management industry. Currently, VKQ has a P/B value of 0.8. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement

TTM
Revenue
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Total Revenue

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Cost Of Revenue

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Gross Profit

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Operating Expenses
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Selling, General & Admin Expenses

—

R&D Expenses

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Depreciation And Amortization

—

Total Operating Expenses

—
Income
—

Income Before Tax

—

Operating Income

—

EBITDA

—

EBIT

—

Earnings From Continuing Operations

—

Net Income

—

Income Tax Expense

—

Other Non-Operating Income (Expenses)

—

Extraordinary Items

—

Discontinued Operations

—

Effect Of Accounting Charges

—

Non Recurring

—

Minority Interest

—

Other Items

—

Interest Income

—

Interest Expense

—

Net Interest Income

—
Values in undefined except per share items