ACTHX vs. TFI
Compare and contrast key facts about Invesco High Yield Municipal Fund (ACTHX) and SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI).
ACTHX is managed by Invesco. It was launched on Jan 1, 1986. TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACTHX or TFI.
Performance
ACTHX vs. TFI - Performance Comparison
Returns By Period
In the year-to-date period, ACTHX achieves a 5.53% return, which is significantly higher than TFI's 0.53% return. Over the past 10 years, ACTHX has outperformed TFI with an annualized return of 3.42%, while TFI has yielded a comparatively lower 1.85% annualized return.
ACTHX
5.53%
0.20%
5.30%
11.26%
1.18%
3.42%
TFI
0.53%
0.39%
3.08%
4.75%
0.33%
1.85%
Key characteristics
| ACTHX | TFI | |
|---|---|---|
| Sharpe Ratio | 2.33 | 1.17 |
| Sortino Ratio | 3.56 | 1.70 |
| Omega Ratio | 1.57 | 1.23 |
| Calmar Ratio | 0.82 | 0.51 |
| Martin Ratio | 11.30 | 3.84 |
| Ulcer Index | 1.03% | 1.29% |
| Daily Std Dev | 5.00% | 4.23% |
| Max Drawdown | -27.29% | -15.49% |
| Current Drawdown | -4.37% | -5.28% |
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ACTHX vs. TFI - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than TFI's 0.23% expense ratio.
Correlation
The correlation between ACTHX and TFI is 0.52, 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.
Risk-Adjusted Performance
ACTHX vs. TFI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI). 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. TFI - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 5.13%, more than TFI's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 5.13% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% | 5.91% |
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 2.94% | 2.41% | 1.87% | 1.71% | 2.04% | 2.14% | 2.25% | 2.16% | 2.39% | 2.40% | 2.37% | 3.35% |
Drawdowns
ACTHX vs. TFI - Drawdown Comparison
The maximum ACTHX drawdown since its inception was -27.29%, which is greater than TFI's maximum drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for ACTHX and TFI. For additional features, visit the drawdowns tool.
Volatility
ACTHX vs. TFI - Volatility Comparison
Invesco High Yield Municipal Fund (ACTHX) and SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) have volatilities of 2.02% and 1.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.