ACTHX vs. RVNU
Compare and contrast key facts about Invesco High Yield Municipal Fund (ACTHX) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU).
ACTHX is managed by Invesco. It was launched on Jan 1, 1986. RVNU is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive Municipal Infrastructure Revenue Bond Index. It was launched on Jun 4, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACTHX or RVNU.
Key characteristics
| ACTHX | RVNU | |
|---|---|---|
| YTD Return | 5.97% | 3.56% |
| 1Y Return | 11.66% | 10.45% |
| 3Y Return (Ann) | -1.16% | -1.22% |
| 5Y Return (Ann) | 1.36% | 1.18% |
| 10Y Return (Ann) | 3.64% | 3.05% |
| Sharpe Ratio | 2.00 | 1.41 |
| Daily Std Dev | 5.77% | 7.21% |
| Max Drawdown | -27.29% | -23.51% |
| Current Drawdown | -4.01% | -4.90% |
Correlation
The correlation between ACTHX and RVNU is 0.43, 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. RVNU - Performance Comparison
In the year-to-date period, ACTHX achieves a 5.97% return, which is significantly higher than RVNU's 3.56% return. Over the past 10 years, ACTHX has outperformed RVNU with an annualized return of 3.64%, while RVNU has yielded a comparatively lower 3.05% annualized 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. RVNU - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than RVNU's 0.15% expense ratio.
Risk-Adjusted Performance
ACTHX vs. RVNU - Risk-Adjusted Performance 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.
Dividends
ACTHX vs. RVNU - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 5.03%, more than RVNU's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 5.03% | 5.03% | 4.72% | 3.95% | 4.33% | 4.34% | 4.78% | 4.71% | 5.17% | 4.99% | 5.21% | 5.91% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 2.85% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% | 3.15% | 1.95% |
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. For additional features, visit the drawdowns tool.
Volatility
ACTHX vs. RVNU - Volatility Comparison
The current volatility for Invesco High Yield Municipal Fund (ACTHX) is 0.72%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 1.20%. 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.