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.
Performance
ACTHX vs. VBMFX - Performance Comparison
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ACTHX vs. VBMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | -0.69% | 4.38% | 5.54% | 4.34% | -13.94% | 6.29% | 3.25% | 10.12% | 1.44% | 9.10% |
VBMFX Vanguard Total Bond Market Index Fund | -0.51% | 7.05% | 1.15% | 5.62% | -13.25% | -2.04% | 7.63% | 8.61% | -0.34% | 3.45% |
Returns By Period
In the year-to-date period, ACTHX achieves a -0.69% return, which is significantly lower than VBMFX's -0.51% return. Over the past 10 years, ACTHX has outperformed VBMFX with an annualized return of 2.70%, while VBMFX has yielded a comparatively lower 1.48% annualized return.
ACTHX
- 1D
- 0.37%
- 1M
- -2.63%
- YTD
- -0.69%
- 6M
- 0.53%
- 1Y
- 2.42%
- 3Y*
- 3.60%
- 5Y*
- 0.51%
- 10Y*
- 2.70%
VBMFX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.51%
- 6M
- 0.45%
- 1Y
- 3.66%
- 3Y*
- 3.33%
- 5Y*
- 0.13%
- 10Y*
- 1.48%
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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.
Return for Risk
ACTHX vs. VBMFX — Risk / Return Rank
ACTHX
VBMFX
ACTHX vs. VBMFX - Risk-Adjusted Trends 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.
| ACTHX | VBMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 0.97 | -0.41 |
Sortino ratioReturn per unit of downside risk | 0.82 | 1.41 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.74 | -1.13 |
Martin ratioReturn relative to average drawdown | 1.70 | 4.94 | -3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ACTHX | VBMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.97 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.02 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.30 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.96 | +0.12 |
Correlation
The correlation between ACTHX and VBMFX 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.
Dividends
ACTHX vs. VBMFX - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 5.44%, more than VBMFX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 5.44% | 7.14% | 5.64% | 4.22% | 4.72% | 3.95% | 4.33% | 4.70% | 4.78% | 4.71% | 5.11% | 4.93% |
VBMFX Vanguard Total Bond Market Index Fund | 3.51% | 3.76% | 3.57% | 2.99% | 2.49% | 1.72% | 2.31% | 2.63% | 2.47% | 2.45% | 2.43% | 2.71% |
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 -19.08%. Use the drawdown chart below to compare losses from any high point for ACTHX and VBMFX.
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Drawdown Indicators
| ACTHX | VBMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.29% | -19.08% | -8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -2.73% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -18.24% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.83% | -19.08% | -0.75% |
Current DrawdownCurrent decline from peak | -2.63% | -3.76% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -2.70% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.96% | +1.36% |
Volatility
ACTHX vs. VBMFX - Volatility Comparison
The current volatility for Invesco High Yield Municipal Fund (ACTHX) is 1.24%, while Vanguard Total Bond Market Index Fund (VBMFX) has a volatility of 1.55%. This indicates that ACTHX experiences smaller price fluctuations and is considered to be less risky than VBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACTHX | VBMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.55% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 2.58% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 4.36% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 5.98% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 4.96% | +0.40% |