ACTHX vs. RVNU
ACTHX (Invesco High Yield Municipal Fund) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both funds - ACTHX is a High Yield Muni fund managed by Invesco, while RVNU is a Municipal Bonds fund tracking the Solactive Municipal Infrastructure Revenue Bond Index. Over the past 10 years, ACTHX returned 2.45%/yr vs 1.68%/yr for RVNU. Their 0.45 correlation means their historical movements had little consistent relationship. ACTHX charges 1.39%/yr vs 0.15%/yr for RVNU.
Performance
ACTHX vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, ACTHX achieves a 1.36% return, which is significantly lower than RVNU's 2.38% return. Over the past 10 years, ACTHX has outperformed RVNU with an annualized return of 2.45%, while RVNU has yielded a comparatively lower 1.68% annualized return.
ACTHX
- 1D
- -0.49%
- 1M
- -2.39%
- 6M
- 0.90%
- YTD
- 1.36%
- 1Y
- 6.75%
- 3Y*
- 4.24%
- 5Y*
- 0.06%
- 10Y*
- 2.45%
- ALL TIME*
- 4.39%
RVNU
- 1D
- -0.44%
- 1M
- -2.64%
- 6M
- 1.68%
- YTD
- 2.38%
- 1Y
- 7.65%
- 3Y*
- 2.77%
- 5Y*
- -0.74%
- 10Y*
- 1.68%
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $970.49K | $605.73K | $654.06K |
ACTHX vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 1.36% | 4.38% | 5.54% | 4.34% | -13.94% | 6.29% | 3.25% | 10.12% | 1.44% | 9.10% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 2.38% | 0.58% | 1.46% | 11.19% | -16.60% | 2.28% | 6.54% | 10.16% | -0.56% | 8.24% |
Correlation
The correlation between ACTHX and RVNU is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013 | 0.45 |
The correlation between ACTHX and RVNU shifts across timeframes, from 0.45 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ACTHX vs. RVNU — Risk / Return Rank
ACTHX
RVNU
ACTHX vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACTHX | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.31 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.12 | -0.39 |
| Martin ratioReturn relative to average drawdown | 10.02 | 10.37 | -0.35 |
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Drawdowns
ACTHX vs. RVNU - Drawdown Comparison
The maximum ACTHX drawdown since its inception was -27.29%, which is greater than RVNU's maximum drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for ACTHX and RVNU.
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Drawdown Indicators
| ACTHX | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.29% | -23.51% | -3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -2.64% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -8.79% | -9.81% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -23.21% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -19.83% | -23.51% | +3.68% |
Current DrawdownCurrent decline from peak | -2.50% | -4.05% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -4.95% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.79% | +0.02% |
Volatility
ACTHX vs. RVNU - Volatility Comparison
The current volatility for Invesco High Yield Municipal Fund (ACTHX) is 1.03%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 1.50%. This indicates that ACTHX experiences smaller price fluctuations and is considered to be less risky than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACTHX | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.50% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 3.70% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 5.01% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 7.22% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 7.25% | -1.85% |
ACTHX vs. RVNU - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than RVNU's 0.15% expense ratio.
Dividends
ACTHX vs. RVNU - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 4.98%, more than RVNU's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 4.98% | 7.14% | 5.64% | 4.22% | 4.72% | 3.95% | 4.33% | 4.70% | 4.78% | 4.71% | 5.11% | 4.93% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.30% | 3.46% | 3.06% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% |
Frequently Asked Questions
ACTHX and RVNU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.50%) compared to ACTHX (1.03%). In terms of maximum drawdown, ACTHX dropped -27.29% vs RVNU's -23.51%.
ACTHX currently has the higher Sharpe Ratio (2.16 vs 1.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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