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.
Correlation
The correlation between IIM and EVM is 0.11, 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
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Key characteristics
IIM:
0.93
EVM:
0.02
IIM:
1.46
EVM:
0.17
IIM:
1.19
EVM:
1.02
IIM:
0.45
EVM:
0.04
IIM:
3.25
EVM:
0.27
IIM:
3.26%
EVM:
2.75%
IIM:
10.71%
EVM:
10.85%
IIM:
-40.15%
EVM:
-55.50%
IIM:
-14.55%
EVM:
-12.48%
Fundamentals
IIM:
$566.70M
EVM:
$222.55M
IIM:
$0.45
EVM:
$1.33
IIM:
26.76
EVM:
6.78
IIM:
0.00
EVM:
0.00
IIM:
12.80
EVM:
15.59
IIM:
0.91
EVM:
0.34
IIM:
$20.99M
EVM:
$7.02M
IIM:
$18.12M
EVM:
$7.02M
Returns By Period
In the year-to-date period, IIM achieves a 3.89% return, which is significantly higher than EVM's 0.17% return. Over the past 10 years, IIM has outperformed EVM with an annualized return of 2.78%, while EVM has yielded a comparatively lower 1.94% annualized return.
IIM
3.89%
6.32%
-0.18%
10.42%
2.37%
2.78%
EVM
0.17%
4.90%
-0.55%
0.73%
1.15%
1.94%
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Risk-Adjusted Performance
IIM vs. EVM — Risk-Adjusted Performance Rank
IIM
EVM
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.
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Dividends
IIM vs. EVM - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 7.46%, more than EVM's 5.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 7.46% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% | 5.49% |
EVM Eaton Vance California Municipal Bond Fund | 5.47% | 5.23% | 3.92% | 4.96% | 4.31% | 4.07% | 4.14% | 5.28% | 5.08% | 5.79% | 6.10% | 5.64% |
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.
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Volatility
IIM vs. EVM - Volatility Comparison
The current volatility for Invesco Value Municipal Income Trust (IIM) is 3.61%, while Eaton Vance California Municipal Bond Fund (EVM) has a volatility of 4.84%. This indicates that IIM experiences smaller price fluctuations and is considered to be less risky than EVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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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