ACTHX vs. MMIN
Compare and contrast key facts about Invesco High Yield Municipal Fund (ACTHX) and IQ MacKay Municipal Insured ETF (MMIN).
ACTHX is managed by Invesco. It was launched on Jan 1, 1986. MMIN is a passively managed fund by New York Life that tracks the performance of the Bloomberg Barclays Municipal All Insured Bond Index. It was launched on Oct 18, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACTHX or MMIN.
Key characteristics
| ACTHX | MMIN | |
|---|---|---|
| YTD Return | 6.17% | 2.29% |
| 1Y Return | 17.49% | 12.18% |
| 3Y Return (Ann) | -0.76% | -0.44% |
| 5Y Return (Ann) | 1.33% | 1.37% |
| Sharpe Ratio | 3.16 | 2.33 |
| Sortino Ratio | 5.41 | 3.76 |
| Omega Ratio | 1.82 | 1.45 |
| Calmar Ratio | 0.84 | 0.80 |
| Martin Ratio | 19.39 | 11.33 |
| Ulcer Index | 0.84% | 1.02% |
| Daily Std Dev | 5.16% | 4.94% |
| Max Drawdown | -27.29% | -16.87% |
| Current Drawdown | -3.82% | -2.95% |
Correlation
The correlation between ACTHX and MMIN is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ACTHX vs. MMIN - Performance Comparison
In the year-to-date period, ACTHX achieves a 6.17% return, which is significantly higher than MMIN's 2.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ACTHX vs. MMIN - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than MMIN's 0.31% expense ratio.
Risk-Adjusted Performance
ACTHX vs. MMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and IQ MacKay Municipal Insured ETF (MMIN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ACTHX vs. MMIN - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 5.06%, more than MMIN's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 5.06% | 5.03% | 4.72% | 3.95% | 4.33% | 4.34% | 4.78% | 4.71% | 5.17% | 4.99% | 5.21% | 5.91% |
MMIN IQ MacKay Municipal Insured ETF | 3.90% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ACTHX vs. MMIN - Drawdown Comparison
The maximum ACTHX drawdown since its inception was -27.29%, which is greater than MMIN's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for ACTHX and MMIN. For additional features, visit the drawdowns tool.
Volatility
ACTHX vs. MMIN - Volatility Comparison
The current volatility for Invesco High Yield Municipal Fund (ACTHX) is 0.96%, while IQ MacKay Municipal Insured ETF (MMIN) has a volatility of 1.06%. This indicates that ACTHX experiences smaller price fluctuations and is considered to be less risky than MMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.