- ISIN
- US46131T1016
- CUSIP
- 46131T101
- Sector
- Financial Services
- Industry
- Asset Management
- IPO Date
- May 13, 1992
Highlights
- Market Cap
- $160.70M
- Enterprise Value
- $239.18M
- EPS (TTM)
- $0.71
- PE Ratio
- 15.45
- PEG Ratio
- 0.02
- Total Revenue (TTM)
- $20.37M
- Gross Profit (TTM)
- $13.82M
- EBITDA (TTM)
- $13.16M
- Year Range
- $9.97 - $12.10
- ROA (TTM)
- 4.31%
- ROE (TTM)
- 6.37%
Share Price Chart
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Performance
VTN Performance Chart
Invesco Trust for Investment Grade New York Municipals (VTN) is down 1.6% since the beginning of the year. At $11 per share, VTN is trading 9.2% below its 52-week high of $12. Investors who bought $1,000 worth of VTN shares 5 years ago would now be looking at an investment worth $1,072.
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Returns By Period
Invesco Trust for Investment Grade New York Municipals (VTN) has returned -1.62% so far this year and 16.98% over the past 12 months. Over the last ten years, VTN has returned 1.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Invesco Trust for Investment Grade New York Municipals
- 1D
- 0.09%
- 1M
- -1.53%
- YTD
- -1.62%
- 6M
- -0.47%
- 1Y
- 16.98%
- 3Y*
- 9.80%
- 5Y*
- 1.40%
- 10Y*
- 1.75%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
VTN Monthly Returns History
Based on dividend-adjusted daily data since May 13, 1992, VTN's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2009 with a return of +25.1%, while the worst month was Sep 2008 at -21.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VTN closed higher 46% of trading days. The best single day was Oct 13, 2008 with a return of +10.1%, while the worst single day was Mar 18, 2020 at -16.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.24% | 1.54% | -4.95% | 2.82% | -0.37% | -0.72% | -1.62% | ||||||
| 2025 | 0.47% | 3.16% | -1.88% | -0.08% | -1.76% | 3.96% | -0.31% | -1.48% | 9.59% | 0.43% | 5.09% | 0.77% | 18.80% |
| 2024 | 1.75% | 0.09% | 2.47% | -3.18% | 4.92% | 4.32% | 0.07% | 2.68% | 1.65% | -2.28% | 3.66% | -8.70% | 6.83% |
| 2023 | 7.01% | -5.99% | 4.02% | -2.08% | -1.84% | 2.64% | 1.11% | -4.34% | -6.92% | -5.48% | 16.60% | 4.74% | 7.29% |
| 2022 | -5.47% | -3.02% | -4.70% | -7.85% | 6.16% | -3.89% | 2.53% | -2.82% | -9.87% | -1.57% | 13.88% | -4.64% | -21.14% |
| 2021 | 1.74% | -1.40% | 1.20% | 1.42% | 2.03% | 3.48% | 1.57% | -1.87% | -1.47% | -0.69% | 1.78% | -0.61% | 7.25% |
Benchmark Metrics
Invesco Trust for Investment Grade New York Municipals has an annualized alpha of 3.38%, beta of 0.14, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 14, 1992.
- This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (24.26%) than losses (21.93%) - typical of diversified or defensive assets.
- Beta of 0.14 may look defensive, but with R2 of 0.04 this stock 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 stock's risk.
- R2 of 0.04 means this stock 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
- 3.38%
- Beta
- 0.14
- R²
- 0.04
- Upside Capture
- 24.26%
- Downside Capture
- 21.93%
Return for Risk
Risk / Return Rank
VTN ranks 76 for risk / return — better than 76% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Trust for Investment Grade New York Municipals (VTN) and compare them to S&P 500 Index.
| VTN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 2.39 | -0.81 |
Sortino ratioReturn per unit of downside risk | 2.28 | 3.25 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 3.11 | -1.62 |
Martin ratioReturn relative to average drawdown | 4.65 | 14.38 | -9.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco Trust for Investment Grade New York Municipals provided a 7.48% dividend yield over the last twelve months, with an annual payout of $0.82 per share. The company has been increasing its dividends for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $0.82 | $0.67 | $0.40 | $0.51 | $0.57 | $0.55 | $0.62 | $0.69 | $0.69 | $0.79 | $0.82 |
Dividend yield | 7.48% | 7.14% | 6.39% | 3.87% | 5.07% | 4.21% | 4.21% | 4.54% | 5.76% | 5.02% | 5.99% | 5.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Trust for Investment Grade New York Municipals. 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 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.34 | ||||||
| 2025 | $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 |
| 2024 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.67 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 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 | $0.57 |
Dividend Yield & Payout
Dividend Yield
Invesco Trust for Investment Grade New York Municipals has a dividend yield of 7.48%, which means its dividend payment is significantly above the market average.
Payout Ratio
Invesco Trust for Investment Grade New York Municipals has a payout ratio of 139.44%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Trust for Investment Grade New York Municipals. 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 Trust for Investment Grade New York Municipals was 49.36%, occurring on Dec 15, 2008. Recovery took 182 trading sessions.
The current Invesco Trust for Investment Grade New York Municipals drawdown is 6.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.36%Dec 2008 | 1y 7mo | 8mo 23d | 2y 3moMay 2007 - Sep 2009 |
2023 bear market2023 | -33.63%Oct 2023 | 2y 2mo | 1y 11mo | 4y 2moJul 2021 - Oct 2025 |
1994 bear market1994 | -30.43%Nov 1994 | 1y 17d | 3y 2mo | 4y 2moOct 1993 - Jan 1998 |
COVID crash2020 | -29.18%Mar 2020 | 27d | 1y 1mo | 1y 2moFeb 2020 - Apr 2021 |
1999 bear market1999 | -23.28%Dec 1999 | 12mo 4d | 1y 7mo | 2y 7moDec 1998 - Aug 2001 |
Drawdown Indicators
| VTN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.36% | -56.78% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -9.10% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.61% | -18.90% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -33.63% | -25.43% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.92% | +0.29% |
Current DrawdownCurrent decline from peak | -6.73% | 0.00% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -10.72% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 1.97% | +1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Invesco Trust for Investment Grade New York Municipals over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Invesco Trust for Investment Grade New York Municipals 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
The chart displays the Price-to-Earnings (P/E) ratio for VTN, comparing it with other companies in the Asset Management industry. Currently, VTN has a P/E ratio of 15.4. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for VTN compared to other companies in the Asset Management industry. VTN 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
This chart shows the Price-to-Sales (P/S) ratio for VTN relative to other companies in the Asset Management industry. Currently, VTN has a P/S ratio of 7.9. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for VTN in comparison with other companies in the Asset Management industry. Currently, VTN has a P/B value of 1.0. 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
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