GBAB vs. VGM
Compare and contrast key facts about Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and Invesco Trust for Investment Grade Municipals (VGM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBAB or VGM.
Key characteristics
| GBAB | VGM | |
|---|---|---|
| YTD Return | 6.45% | 9.35% |
| 1Y Return | 13.07% | 19.26% |
| 3Y Return (Ann) | -4.30% | -4.41% |
| 5Y Return (Ann) | 0.05% | 0.88% |
| 10Y Return (Ann) | 4.37% | 3.08% |
| Sharpe Ratio | 0.98 | 1.96 |
| Sortino Ratio | 1.54 | 3.09 |
| Omega Ratio | 1.17 | 1.37 |
| Calmar Ratio | 0.49 | 0.69 |
| Martin Ratio | 2.84 | 10.94 |
| Ulcer Index | 4.59% | 1.76% |
| Daily Std Dev | 13.32% | 9.85% |
| Max Drawdown | -35.81% | -49.37% |
| Current Drawdown | -17.33% | -15.59% |
Fundamentals
| GBAB | VGM | |
|---|---|---|
| Market Cap | $394.10M | $551.54M |
| EPS | $0.93 | $0.98 |
| PE Ratio | 17.09 | 10.38 |
| PEG Ratio | 0.00 | 0.00 |
| Total Revenue (TTM) | $12.50M | $41.44M |
| Gross Profit (TTM) | $9.16M | $35.88M |
| EBITDA (TTM) | $49.50M | $42.06M |
Correlation
The correlation between GBAB and VGM is 0.32, 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
GBAB vs. VGM - Performance Comparison
In the year-to-date period, GBAB achieves a 6.45% return, which is significantly lower than VGM's 9.35% return. Over the past 10 years, GBAB has outperformed VGM with an annualized return of 4.37%, while VGM has yielded a comparatively lower 3.08% 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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Risk-Adjusted Performance
GBAB vs. VGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and Invesco Trust for Investment Grade Municipals (VGM). 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
GBAB vs. VGM - Dividend Comparison
GBAB's dividend yield for the trailing twelve months is around 9.46%, more than VGM's 5.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 9.46% | 9.34% | 9.24% | 6.37% | 5.93% | 6.39% | 6.89% | 6.65% | 7.51% | 7.77% | 7.47% | 8.31% |
VGM Invesco Trust for Investment Grade Municipals | 5.97% | 4.40% | 5.66% | 4.66% | 4.66% | 4.86% | 5.99% | 5.83% | 6.52% | 6.62% | 6.64% | 7.68% |
Drawdowns
GBAB vs. VGM - Drawdown Comparison
The maximum GBAB drawdown since its inception was -35.81%, smaller than the maximum VGM drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for GBAB and VGM. For additional features, visit the drawdowns tool.
Volatility
GBAB vs. VGM - Volatility Comparison
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and Invesco Trust for Investment Grade Municipals (VGM) have volatilities of 3.44% and 3.33%, 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.
Financials
GBAB vs. VGM - Financials Comparison
This section allows you to compare key financial metrics between Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust and Invesco Trust for Investment Grade Municipals. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities