IIM vs. NXP
IIM (Invesco Value Municipal Income Trust) and NXP (Nuveen Select Tax-Free Income Portfolio) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, IIM returned 2.16%/yr vs 3.17%/yr for NXP. At a 0.22 correlation, their price movements are largely independent.
Performance
IIM vs. NXP - Performance Comparison
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Returns By Period
In the year-to-date period, IIM achieves a 5.77% return, which is significantly higher than NXP's 3.43% return. Over the past 10 years, IIM has underperformed NXP with an annualized return of 2.16%, while NXP has yielded a comparatively higher 3.17% annualized return.
IIM
- 1D
- -0.48%
- 1M
- 4.79%
- YTD
- 5.77%
- 6M
- 6.38%
- 1Y
- 16.69%
- 3Y*
- 9.56%
- 5Y*
- 0.78%
- 10Y*
- 2.16%
NXP
- 1D
- -0.21%
- 1M
- 1.44%
- YTD
- 3.43%
- 6M
- 3.43%
- 1Y
- 6.75%
- 3Y*
- 3.68%
- 5Y*
- -0.72%
- 10Y*
- 3.17%
IIM vs. NXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 5.77% | 11.88% | 8.04% | 2.05% | -25.41% | 14.13% | 7.07% | 18.79% | -4.40% | 7.05% |
NXP Nuveen Select Tax-Free Income Portfolio | 3.43% | -2.73% | 6.83% | 10.68% | -9.51% | -7.36% | 12.12% | 20.94% | 0.04% | 9.30% |
Correlation
The correlation between IIM and NXP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994 | 0.22 |
Over the past year, IIM and NXP have become more correlated (0.44) than their long-term average of 0.22, meaning their price movements have been converging.
Fundamentals
IIM:
$0.85
NXP:
$1.60
IIM:
14.77
NXP:
8.91
IIM:
8.10
NXP:
12.23
IIM:
$73.01M
NXP:
$60.63M
IIM:
$54.83M
NXP:
$36.77M
IIM:
$51.93M
NXP:
$28.48M
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Return for Risk
IIM vs. NXP — Risk / Return Rank
IIM
NXP
IIM vs. NXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and Nuveen Select Tax-Free Income Portfolio (NXP). 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 | NXP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.01 | -0.19 |
| Martin ratioReturn relative to average drawdown | 5.52 | 5.02 | +0.49 |
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Drawdowns
IIM vs. NXP - Drawdown Comparison
The maximum IIM drawdown since its inception was -40.17%, which is greater than NXP's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for IIM and NXP.
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Drawdown Indicators
| IIM | NXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -27.64% | -12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -3.37% | -5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.20% | -10.68% | -5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -27.64% | -8.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -27.64% | -8.11% |
Current DrawdownCurrent decline from peak | -2.68% | -6.62% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -6.79% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.35% | +1.68% |
Volatility
IIM vs. NXP - Volatility Comparison
Invesco Value Municipal Income Trust (IIM) has a higher volatility of 2.50% compared to Nuveen Select Tax-Free Income Portfolio (NXP) at 2.27%. This indicates that IIM's price experiences larger fluctuations and is considered to be riskier than NXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIM | NXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 2.27% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 5.92% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 7.54% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.48% | 10.76% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 12.08% | +0.77% |
Dividends
IIM vs. NXP - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 7.37%, more than NXP's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 7.37% | 7.51% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% |
NXP Nuveen Select Tax-Free Income Portfolio | 4.48% | 4.47% | 4.00% | 3.94% | 3.93% | 3.42% | 3.07% | 3.33% | 3.88% | 3.79% | 3.96% | 3.99% |
Financials
IIM vs. NXP - Financials Comparison
This section allows you to compare key financial metrics between Invesco Value Municipal Income Trust and Nuveen Select Tax-Free Income Portfolio. 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
Frequently Asked Questions
IIM and NXP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIM has higher volatility (2.50%) compared to NXP (2.27%). In terms of maximum drawdown, IIM dropped -40.17% vs NXP's -27.64%.
IIM currently has the higher Sharpe Ratio (1.58 vs 0.90), 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.
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