IIM vs. EVM
Compare and contrast key facts about Invesco Value Municipal Income Trust (IIM) and Eaton Vance California Municipal Bond Fund (EVM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IIM or EVM.
Key characteristics
| IIM | EVM | |
|---|---|---|
| YTD Return | 11.46% | 6.34% |
| 1Y Return | 21.57% | 17.44% |
| 3Y Return (Ann) | -4.76% | -3.87% |
| 5Y Return (Ann) | 0.74% | 0.84% |
| 10Y Return (Ann) | 2.64% | 2.68% |
| Sharpe Ratio | 2.24 | 1.84 |
| Sortino Ratio | 3.38 | 2.68 |
| Omega Ratio | 1.43 | 1.34 |
| Calmar Ratio | 0.71 | 0.73 |
| Martin Ratio | 11.82 | 10.67 |
| Ulcer Index | 1.83% | 1.70% |
| Daily Std Dev | 9.63% | 9.87% |
| Max Drawdown | -40.15% | -55.50% |
| Current Drawdown | -15.15% | -11.91% |
Fundamentals
| IIM | EVM | |
|---|---|---|
| Market Cap | $592.69M | $229.95M |
| EPS | $1.17 | $0.33 |
| PE Ratio | 10.76 | 28.24 |
| PEG Ratio | 0.00 | 0.00 |
Correlation
The correlation between IIM and EVM is 0.36, 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
IIM vs. EVM - Performance Comparison
In the year-to-date period, IIM achieves a 11.46% return, which is significantly higher than EVM's 6.34% return. Both investments have delivered pretty close results over the past 10 years, with IIM having a 2.64% annualized return and EVM not far ahead at 2.68%. 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
IIM vs. EVM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and Eaton Vance California Municipal Bond Fund (EVM). 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
IIM vs. EVM - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 5.77%, more than EVM's 4.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 5.77% | 4.73% | 5.88% | 4.51% | 4.48% | 4.62% | 5.41% | 4.99% | 5.52% | 5.20% | 5.49% | 6.67% |
EVM Eaton Vance California Municipal Bond Fund | 4.87% | 3.93% | 4.99% | 4.31% | 4.08% | 4.19% | 5.34% | 5.11% | 5.80% | 6.10% | 5.68% | 6.36% |
Drawdowns
IIM vs. EVM - Drawdown Comparison
The maximum IIM drawdown since its inception was -40.15%, smaller than the maximum EVM drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for IIM and EVM. For additional features, visit the drawdowns tool.
Volatility
IIM vs. EVM - Volatility Comparison
Invesco Value Municipal Income Trust (IIM) has a higher volatility of 3.29% compared to Eaton Vance California Municipal Bond Fund (EVM) at 2.80%. This indicates that IIM's price experiences larger fluctuations and is considered to be riskier than EVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
IIM vs. EVM - Financials Comparison
This section allows you to compare key financial metrics between Invesco Value Municipal Income Trust and Eaton Vance California Municipal Bond Fund. 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