ACTHX vs. VBMFX
Compare and contrast key facts about Invesco High Yield Municipal Fund (ACTHX) and Vanguard Total Bond Market Index Fund (VBMFX).
ACTHX is managed by Invesco. It was launched on Jan 1, 1986. VBMFX is managed by Vanguard. It was launched on Dec 11, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACTHX or VBMFX.
Performance
ACTHX vs. VBMFX - Performance Comparison
Returns By Period
In the year-to-date period, ACTHX achieves a 5.53% return, which is significantly higher than VBMFX's 1.27% return. Over the past 10 years, ACTHX has outperformed VBMFX with an annualized return of 3.42%, while VBMFX has yielded a comparatively lower 1.24% annualized return.
ACTHX
5.53%
-0.26%
4.93%
11.67%
1.18%
3.42%
VBMFX
1.27%
-0.73%
2.88%
6.09%
-0.45%
1.24%
Key characteristics
| ACTHX | VBMFX | |
|---|---|---|
| Sharpe Ratio | 2.39 | 1.10 |
| Sortino Ratio | 3.64 | 1.63 |
| Omega Ratio | 1.59 | 1.20 |
| Calmar Ratio | 0.83 | 0.41 |
| Martin Ratio | 11.63 | 3.51 |
| Ulcer Index | 1.03% | 1.77% |
| Daily Std Dev | 5.00% | 5.63% |
| Max Drawdown | -27.29% | -19.21% |
| Current Drawdown | -4.37% | -9.66% |
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ACTHX vs. VBMFX - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than VBMFX's 0.15% expense ratio.
Correlation
The correlation between ACTHX and VBMFX is 0.53, 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. VBMFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and Vanguard Total Bond Market Index Fund (VBMFX). 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. VBMFX - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 5.13%, more than VBMFX's 3.48% 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% |
VBMFX Vanguard Total Bond Market Index Fund | 3.48% | 3.00% | 2.42% | 1.81% | 2.14% | 2.64% | 2.67% | 2.43% | 2.38% | 2.38% | 2.43% | 2.43% |
Drawdowns
ACTHX vs. VBMFX - Drawdown Comparison
The maximum ACTHX drawdown since its inception was -27.29%, which is greater than VBMFX's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for ACTHX and VBMFX. For additional features, visit the drawdowns tool.
Volatility
ACTHX vs. VBMFX - Volatility Comparison
Invesco High Yield Municipal Fund (ACTHX) has a higher volatility of 2.30% compared to Vanguard Total Bond Market Index Fund (VBMFX) at 1.48%. This indicates that ACTHX's price experiences larger fluctuations and is considered to be riskier than VBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.