IIM vs. BLE

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Value Municipal Income Trust (IIM) and BlackRock Municipal Income Trust II (BLE).

Performance

IIM vs. BLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Value Municipal Income Trust (IIM) and BlackRock Municipal Income Trust II (BLE). The values are adjusted to include any dividend payments, if applicable.

IIM vs. BLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IIM Invesco Value Municipal Income Trust	0.52%	11.88%	8.04%	2.05%	-25.41%	14.13%	7.07%	18.79%	-4.40%	7.05%
BLE BlackRock Municipal Income Trust II	2.00%	5.82%	4.29%	7.84%	-28.11%	3.00%	7.08%	22.87%	-5.53%	5.07%

Fundamentals

Market Cap IIM : $572.35M BLE : $503.04M
EPS IIM : $0.59 BLE : -$0.17
PS Ratio IIM : 7.88 BLE : 7.79
PB Ratio IIM : 1.01 BLE : 0.98
Total Revenue (TTM) IIM : $72.68M BLE : $64.54M
Gross Profit (TTM) IIM : $38.44M BLE : $66.02M
EBITDA (TTM) IIM : -$3.97M BLE : $22.02M

Returns By Period

IIM

• 1D: 2.53%
• 1M: -6.89%
• YTD: 0.52%
• 6M: 0.52%
• 1Y: 9.61%
• 3Y*: 6.57%
• 5Y*: 0.66%
• 10Y*: 2.00%

BLE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IIM vs. BLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IIM

IIM Risk / Return Rank: 66
IIM Sharpe Ratio Rank: 71
IIM Sortino Ratio Rank: 62
IIM Omega Ratio Rank: 62
IIM Calmar Ratio Rank: 64
IIM Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IIM vs. BLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and BlackRock Municipal Income Trust II (BLE). 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.

	IIM	BLE	Difference
Sharpe ratio Return per unit of total volatility	0.85	—	—
Sortino ratio Return per unit of downside risk	1.23	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	1.02	—	—
Martin ratio Return relative to average drawdown	3.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IIM	BLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	—	—

Correlation

The correlation between IIM and BLE is 0.42, 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.

Dividends

IIM vs. BLE - Dividend Comparison

IIM's dividend yield for the trailing twelve months is around 7.61%, more than BLE's 5.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIM Invesco Value Municipal Income Trust	7.61%	7.51%	6.58%	4.72%	5.87%	4.51%	4.48%	4.61%	5.43%	4.99%	5.52%	5.20%
BLE BlackRock Municipal Income Trust II	5.64%	6.21%	5.99%	4.05%	5.92%	4.93%	4.65%	4.60%	5.72%	5.94%	6.28%	6.19%

Drawdowns

Drawdown Indicators

	IIM	BLE	Difference
Max Drawdown Largest peak-to-trough decline	-40.17%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.75%	—	—
Current Drawdown Current decline from peak	-7.51%	—	—
Average Drawdown Average peak-to-trough decline	-7.37%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	—	—

Volatility

Volatility by Period

	IIM	BLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.79%	—	—

Financials