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.
Performance
ACTHX vs. VWIAX - Performance Comparison
Returns By Period
In the year-to-date period, ACTHX achieves a 5.53% return, which is significantly lower than VWIAX's 7.20% return. Both investments have delivered pretty close results over the past 10 years, with ACTHX having a 3.42% annualized return and VWIAX not far behind at 3.32%.
ACTHX
5.53%
-0.26%
4.93%
11.67%
1.18%
3.42%
VWIAX
7.20%
-0.49%
4.67%
14.36%
2.58%
3.32%
Key characteristics
| ACTHX | VWIAX | |
|---|---|---|
| Sharpe Ratio | 2.39 | 2.19 |
| Sortino Ratio | 3.64 | 3.35 |
| Omega Ratio | 1.59 | 1.45 |
| Calmar Ratio | 0.83 | 0.98 |
| Martin Ratio | 11.63 | 13.74 |
| Ulcer Index | 1.03% | 1.05% |
| Daily Std Dev | 5.00% | 6.55% |
| Max Drawdown | -27.29% | -23.93% |
| Current Drawdown | -4.37% | -2.35% |
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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.
Correlation
The correlation between ACTHX and VWIAX is 0.14, 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.
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%, less than VWIAX's 5.87% 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% |
VWIAX Vanguard Wellesley Income Fund Admiral Shares | 5.87% | 5.80% | 3.25% | 2.55% | 2.72% | 2.97% | 3.38% | 2.92% | 3.02% | 3.18% | 3.23% | 3.13% |
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 -23.93%. 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
Invesco High Yield Municipal Fund (ACTHX) has a higher volatility of 2.30% compared to Vanguard Wellesley Income Fund Admiral Shares (VWIAX) at 1.46%. This indicates that ACTHX's price experiences larger fluctuations and is considered to be riskier than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.