ACTHX vs. VWIAX
Compare and contrast key facts about Invesco High Yield Municipal Fund (ACTHX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX).
ACTHX is managed by Invesco. It was launched on Jan 1, 1986. VWIAX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACTHX or VWIAX.
Key characteristics
| ACTHX | VWIAX | |
|---|---|---|
| YTD Return | 1.05% | 1.27% |
| 1Y Return | 3.29% | 7.28% |
| 3Y Return (Ann) | -2.00% | 0.75% |
| 5Y Return (Ann) | 0.97% | 4.78% |
| 10Y Return (Ann) | 3.50% | 5.22% |
| Sharpe Ratio | 0.55 | 0.92 |
| Daily Std Dev | 6.01% | 7.72% |
| Max Drawdown | -27.29% | -21.64% |
| Current Drawdown | -8.46% | -1.37% |
Correlation
The correlation between ACTHX and VWIAX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ACTHX vs. VWIAX - Performance Comparison
In the year-to-date period, ACTHX achieves a 1.05% return, which is significantly lower than VWIAX's 1.27% return. Over the past 10 years, ACTHX has underperformed VWIAX with an annualized return of 3.50%, while VWIAX has yielded a comparatively higher 5.22% 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. VWIAX - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than VWIAX's 0.16% expense ratio.
Risk-Adjusted Performance
ACTHX vs. VWIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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. VWIAX - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 5.13%, more than VWIAX's 4.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 5.13% | 5.03% | 4.72% | 3.95% | 4.33% | 4.34% | 4.78% | 4.71% | 5.17% | 4.99% | 5.21% | 5.91% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 4.83% | 4.80% | 7.75% | 6.11% | 4.37% | 4.00% | 7.64% | 4.06% | 4.07% | 5.66% | 4.99% | 5.87% |
Drawdowns
ACTHX vs. VWIAX - Drawdown Comparison
The maximum ACTHX drawdown since its inception was -27.29%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for ACTHX and VWIAX. For additional features, visit the drawdowns tool.
Volatility
ACTHX vs. VWIAX - Volatility Comparison
The current volatility for Invesco High Yield Municipal Fund (ACTHX) is 1.37%, while Vanguard Wellesley Income Fund Admiral Shares (VWIAX) has a volatility of 2.08%. This indicates that ACTHX experiences smaller price fluctuations and is considered to be less risky than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.