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ACTHX vs. VBMFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.5

Performance

ACTHX vs. VBMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco High Yield Municipal Fund (ACTHX) and Vanguard Total Bond Market Index Fund (VBMFX). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
256.26%
523.16%
ACTHX
VBMFX

Key characteristics

Sharpe Ratio

ACTHX:

0.89

VBMFX:

0.23

Sortino Ratio

ACTHX:

1.26

VBMFX:

0.35

Omega Ratio

ACTHX:

1.20

VBMFX:

1.04

Calmar Ratio

ACTHX:

0.39

VBMFX:

0.09

Martin Ratio

ACTHX:

3.78

VBMFX:

0.63

Ulcer Index

ACTHX:

1.13%

VBMFX:

1.96%

Daily Std Dev

ACTHX:

4.78%

VBMFX:

5.44%

Max Drawdown

ACTHX:

-27.29%

VBMFX:

-19.21%

Current Drawdown

ACTHX:

-5.92%

VBMFX:

-10.13%

Returns By Period

In the year-to-date period, ACTHX achieves a 3.82% return, which is significantly higher than VBMFX's 0.74% return. Over the past 10 years, ACTHX has outperformed VBMFX with an annualized return of 3.14%, while VBMFX has yielded a comparatively lower 1.20% annualized return.


ACTHX

YTD

3.82%

1M

-1.62%

6M

0.98%

1Y

4.27%

5Y*

0.71%

10Y*

3.14%

VBMFX

YTD

0.74%

1M

-0.52%

6M

1.07%

1Y

1.33%

5Y*

-0.51%

10Y*

1.20%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ACTHX vs. VBMFX - Expense Ratio Comparison

ACTHX has a 1.39% expense ratio, which is higher than VBMFX's 0.15% expense ratio.


ACTHX
Invesco High Yield Municipal Fund
Expense ratio chart for ACTHX: current value at 1.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.39%
Expense ratio chart for VBMFX: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

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.


Sharpe ratio
The chart of Sharpe ratio for ACTHX, currently valued at 0.89, compared to the broader market-1.000.001.002.003.004.000.890.23
The chart of Sortino ratio for ACTHX, currently valued at 1.26, compared to the broader market-2.000.002.004.006.008.0010.001.260.35
The chart of Omega ratio for ACTHX, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.003.501.201.04
The chart of Calmar ratio for ACTHX, currently valued at 0.39, compared to the broader market0.002.004.006.008.0010.0012.0014.000.390.09
The chart of Martin ratio for ACTHX, currently valued at 3.78, compared to the broader market0.0020.0040.0060.003.780.63
ACTHX
VBMFX

The current ACTHX Sharpe Ratio is 0.89, which is higher than the VBMFX Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of ACTHX and VBMFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.89
0.23
ACTHX
VBMFX

Dividends

ACTHX vs. VBMFX - Dividend Comparison

ACTHX's dividend yield for the trailing twelve months is around 4.79%, more than VBMFX's 3.22% yield.


TTM20232022202120202019201820172016201520142013
ACTHX
Invesco High Yield Municipal Fund
4.79%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
3.22%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%JulyAugustSeptemberOctoberNovemberDecember
-5.92%
-10.13%
ACTHX
VBMFX

Volatility

ACTHX vs. VBMFX - Volatility Comparison

Invesco High Yield Municipal Fund (ACTHX) and Vanguard Total Bond Market Index Fund (VBMFX) have volatilities of 1.51% and 1.55%, 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.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.51%
1.55%
ACTHX
VBMFX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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