IIM vs. PMO
Compare and contrast key facts about Invesco Value Municipal Income Trust (IIM) and Putnam Municipal Opportunities Trust (PMO).
Performance
IIM vs. PMO - Performance Comparison
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IIM vs. PMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 0.52% | 11.88% | 8.04% | 2.05% | -25.41% | 14.13% | 7.07% | 18.79% | -4.40% | 7.05% |
PMO Putnam Municipal Opportunities Trust | -2.65% | 10.45% | 3.15% | -1.31% | -20.32% | 10.08% | 9.38% | 23.13% | -4.05% | 8.89% |
Fundamentals
IIM:
$572.35M
PMO:
$282.21M
IIM:
$0.59
PMO:
$3.07
IIM:
20.46
PMO:
3.36
IIM:
0.08
PMO:
0.19
IIM:
7.88
PMO:
10.51
IIM:
1.01
PMO:
0.90
IIM:
$72.68M
PMO:
$27.18M
IIM:
$38.44M
PMO:
$18.84M
IIM:
-$3.97M
PMO:
$86.11M
Returns By Period
In the year-to-date period, IIM achieves a 0.52% return, which is significantly higher than PMO's -2.65% return. Over the past 10 years, IIM has underperformed PMO with an annualized return of 2.00%, while PMO has yielded a comparatively higher 2.80% annualized return.
IIM
- 1D
- 2.53%
- 1M
- -6.89%
- YTD
- 0.52%
- 6M
- 0.52%
- 1Y
- 9.61%
- 3Y*
- 6.57%
- 5Y*
- 0.66%
- 10Y*
- 2.00%
PMO
- 1D
- 2.49%
- 1M
- -4.44%
- YTD
- -2.65%
- 6M
- 1.98%
- 1Y
- 5.82%
- 3Y*
- 4.17%
- 5Y*
- -0.73%
- 10Y*
- 2.80%
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Return for Risk
IIM vs. PMO — Risk / Return Rank
IIM
PMO
IIM vs. PMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and Putnam Municipal Opportunities Trust (PMO). 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.
| IIM | PMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.59 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.23 | 0.89 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.81 | +0.20 |
Martin ratioReturn relative to average drawdown | 3.91 | 2.51 | +1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IIM | PMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.59 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.05 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.20 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.36 | +0.05 |
Correlation
The correlation between IIM and PMO is 0.32, 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.
Dividends
IIM vs. PMO - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 7.61%, more than PMO's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 7.61% | 7.51% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% |
PMO Putnam Municipal Opportunities Trust | 4.54% | 4.25% | 4.15% | 4.64% | 5.87% | 4.42% | 4.65% | 4.85% | 5.55% | 5.26% | 5.89% | 5.81% |
Drawdowns
IIM vs. PMO - Drawdown Comparison
The maximum IIM drawdown since its inception was -40.17%, which is greater than PMO's maximum drawdown of -36.46%. Use the drawdown chart below to compare losses from any high point for IIM and PMO.
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Drawdown Indicators
| IIM | PMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -36.46% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -7.53% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -36.46% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -36.46% | +0.71% |
Current DrawdownCurrent decline from peak | -7.51% | -15.61% | +8.10% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -7.91% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.44% | -0.05% |
Volatility
IIM vs. PMO - Volatility Comparison
Invesco Value Municipal Income Trust (IIM) has a higher volatility of 5.42% compared to Putnam Municipal Opportunities Trust (PMO) at 3.66%. This indicates that IIM's price experiences larger fluctuations and is considered to be riskier than PMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIM | PMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.66% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 5.98% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 9.83% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 14.99% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.79% | 14.26% | -1.47% |
Financials
IIM vs. PMO - Financials Comparison
This section allows you to compare key financial metrics between Invesco Value Municipal Income Trust and Putnam Municipal Opportunities Trust. 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