Correlation
The correlation between BIAEX and IIM is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
BIAEX vs. IIM
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Invesco Value Municipal Income Trust (IIM).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAEX or IIM.
Performance
BIAEX vs. IIM - Performance Comparison
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Key characteristics
BIAEX:
0.71
IIM:
0.64
BIAEX:
0.88
IIM:
0.75
BIAEX:
1.15
IIM:
1.10
BIAEX:
0.64
IIM:
0.24
BIAEX:
2.13
IIM:
1.50
BIAEX:
1.35%
IIM:
3.41%
BIAEX:
4.56%
IIM:
10.29%
BIAEX:
-12.84%
IIM:
-40.15%
BIAEX:
-2.13%
IIM:
-16.21%
Returns By Period
In the year-to-date period, BIAEX achieves a -0.57% return, which is significantly lower than IIM's 1.87% return. Over the past 10 years, BIAEX has underperformed IIM with an annualized return of 2.28%, while IIM has yielded a comparatively higher 2.74% annualized return.
BIAEX
-0.57%
0.55%
-1.09%
3.21%
2.56%
1.63%
2.28%
IIM
1.87%
0.56%
-3.11%
6.45%
-0.35%
1.39%
2.74%
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Risk-Adjusted Performance
BIAEX vs. IIM — Risk-Adjusted Performance Rank
BIAEX
IIM
BIAEX vs. IIM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Invesco Value Municipal Income Trust (IIM). 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.
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Dividends
BIAEX vs. IIM - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 4.00%, less than IIM's 7.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | 4.00% | 4.00% | 3.81% | 3.01% | 2.98% | 2.54% | 3.01% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
IIM Invesco Value Municipal Income Trust | 7.89% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% | 5.49% |
Drawdowns
BIAEX vs. IIM - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -12.84%, smaller than the maximum IIM drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for BIAEX and IIM.
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Volatility
BIAEX vs. IIM - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 0.87%, while Invesco Value Municipal Income Trust (IIM) has a volatility of 2.78%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than IIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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