IIM vs. MYI
IIM (Invesco Value Municipal Income Trust) is a stock, while MYI (BlackRock MuniYield Quality Fund III) is Municipal Bonds fund actively managed by BlackRock. Over the past 10 years, IIM returned 2.41%/yr vs 1.32%/yr for MYI. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
IIM vs. MYI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IIM achieves a 5.90% return, which is significantly higher than MYI's 1.59% return. Over the past 10 years, IIM has outperformed MYI with an annualized return of 2.41%, while MYI has yielded a comparatively lower 1.32% annualized return.
IIM
- 1D
- -0.24%
- 1M
- -2.75%
- 6M
- 4.49%
- YTD
- 5.90%
- 1Y
- 17.36%
- 3Y*
- 8.78%
- 5Y*
- 0.03%
- 10Y*
- 2.41%
- ALL TIME*
- 5.42%
MYI
- 1D
- -0.74%
- 1M
- -3.65%
- 6M
- -1.54%
- YTD
- 1.59%
- 1Y
- 9.23%
- 3Y*
- 4.64%
- 5Y*
- -1.60%
- 10Y*
- 1.32%
- ALL TIME*
- 3.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.23M | $1.26M | $1.31M | |
| $2.46M | $2.93M | $2.95M |
IIM vs. MYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 5.90% | 11.88% | 8.04% | 2.05% | -25.41% | 14.13% | 7.07% | 18.79% | -4.40% | 7.05% |
MYI BlackRock MuniYield Quality Fund III | 1.59% | 4.74% | 0.55% | 8.79% | -20.52% | 6.99% | 11.60% | 16.64% | -8.42% | 7.13% |
Correlation
The correlation between IIM and MYI is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994 | 0.37 |
The correlation between IIM and MYI shifts across timeframes, from 0.37 (all time) to 0.62 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IIM vs. MYI — Risk / Return Rank
IIM
MYI
IIM vs. MYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and BlackRock MuniYield Quality Fund III (MYI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IIM | MYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.20 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.21 | +0.77 |
| Martin ratioReturn relative to average drawdown | 5.95 | 4.41 | +1.53 |
Loading charts...
Drawdowns
IIM vs. MYI - Drawdown Comparison
The maximum IIM drawdown since its inception was -40.17%, smaller than the maximum MYI drawdown of -43.90%. Use the drawdown chart below to compare losses from any high point for IIM and MYI.
Loading charts...
Drawdown Indicators
| IIM | MYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -43.90% | +3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -7.58% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -13.49% | -12.64% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -31.84% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -31.84% | -3.91% |
Current DrawdownCurrent decline from peak | -3.27% | -8.30% | +5.03% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -9.37% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.07% | +0.98% |
Volatility
IIM vs. MYI - Volatility Comparison
Invesco Value Municipal Income Trust (IIM) has a higher volatility of 2.39% compared to BlackRock MuniYield Quality Fund III (MYI) at 2.08%. This indicates that IIM's price experiences larger fluctuations and is considered to be riskier than MYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IIM | MYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 2.08% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 7.01% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 8.85% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.49% | 11.03% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.79% | 11.35% | +1.44% |
Dividends
IIM vs. MYI - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 7.40%, more than MYI's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 7.40% | 7.51% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% |
MYI BlackRock MuniYield Quality Fund III | 6.25% | 6.13% | 6.03% | 4.30% | 5.22% | 4.17% | 3.84% | 3.89% | 5.01% | 5.88% | 6.20% | 6.03% |
Frequently Asked Questions
IIM and MYI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIM has higher volatility (2.39%) compared to MYI (2.08%). In terms of maximum drawdown, IIM dropped -40.17% vs MYI's -43.90%.
IIM currently has the higher Sharpe Ratio (1.68 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for IIM and MYI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer