IIM vs. NVG
Compare and contrast key facts about Invesco Value Municipal Income Trust (IIM) and Nuveen AMT-Free Municipal Credit Income Fund (NVG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IIM or NVG.
Key characteristics
| IIM | NVG | |
|---|---|---|
| YTD Return | 11.46% | 14.35% |
| 1Y Return | 21.57% | 27.48% |
| 3Y Return (Ann) | -4.76% | -5.57% |
| 5Y Return (Ann) | 0.74% | 0.80% |
| 10Y Return (Ann) | 2.64% | 4.76% |
| Sharpe Ratio | 2.24 | 2.50 |
| Sortino Ratio | 3.38 | 3.53 |
| Omega Ratio | 1.43 | 1.47 |
| Calmar Ratio | 0.71 | 0.77 |
| Martin Ratio | 11.82 | 12.52 |
| Ulcer Index | 1.83% | 2.12% |
| Daily Std Dev | 9.63% | 10.62% |
| Max Drawdown | -40.15% | -41.72% |
| Current Drawdown | -15.15% | -16.61% |
Fundamentals
| IIM | NVG |
|---|
Correlation
The correlation between IIM and NVG is 0.43, 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.
Performance
IIM vs. NVG - Performance Comparison
In the year-to-date period, IIM achieves a 11.46% return, which is significantly lower than NVG's 14.35% return. Over the past 10 years, IIM has underperformed NVG with an annualized return of 2.64%, while NVG has yielded a comparatively higher 4.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
IIM vs. NVG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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. NVG - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 5.77%, less than NVG's 6.03% 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% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 6.03% | 4.50% | 6.20% | 4.72% | 5.27% | 4.97% | 6.11% | 5.71% | 6.18% | 5.46% | 5.84% | 6.13% |
Drawdowns
IIM vs. NVG - Drawdown Comparison
The maximum IIM drawdown since its inception was -40.15%, roughly equal to the maximum NVG drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for IIM and NVG. For additional features, visit the drawdowns tool.
Volatility
IIM vs. NVG - Volatility Comparison
The current volatility for Invesco Value Municipal Income Trust (IIM) is 3.29%, while Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a volatility of 4.88%. This indicates that IIM experiences smaller price fluctuations and is considered to be less risky than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
IIM vs. NVG - Financials Comparison
This section allows you to compare key financial metrics between Invesco Value Municipal Income Trust and Nuveen AMT-Free Municipal Credit Income 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